Re:OneWeb files for bankruptcy
by brandmeyer on Saturday March 28, 2020 @10:31AM
(#22711338)
Many companies pass through a time where the current business is marginal, but sustainable growth is just around the corner. COVID-19's worldwide supply and transport disruption coming at just the wrong time can absolutely sink a business that was skirting too close to the edge.
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Re:OneWeb files for bankruptcy
by lonelappde on Saturday March 28, 2020 @01:52PM
(#22712882)
And this includes Elon Musk's Tesla who was once a week from bankruptcy and wouldn't have made it through a crisis like this one.
Though that was actually during the last crisis like this one (financial crisis of 2008).
https://www.businessinsider.com/teslas-history-of-crisis-201...
Or they could be one of the many companies that were all spooled up and had spent a wad of cash to launch at one of the many events of the late winter and spring that were cancelled. Sure, they'll do what they can but a lot of money and effort pretty much went down the drain and a lot of startups don't have that kind of margin.