Equatorial Launch Australia Collapses
Brisbane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Equatorial Launch Australia, once a beacon of hope for Australian rocket launches, has collapsed into liquidation, leaving a debt of $5.44 million to the Northern Territory government. The companys ambitious plans to launch rockets weekly and build fourteen launch pads crumbled by 2024. The current administration is now exploring options to protect taxpayer money. Despite setbacks, Australias space industry continues to grow, with a potential $1.2 billion deal with the U.S.
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