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COTS Milestones
Dan Schmelzer has a breakdown. As I suspected, financing rounds are early progress milestones. For RpK, its second one is coming up this month. I assume that they have until the end of the month to meet it.
[Late morning update]
I just realized that my first sentence could be misinterpreted. I mean he has a breakdown of the COTS documents. I didn't mean to cast aspersions on his mental health, which (unlike, apparently, Lisa Nowak) I trust is fine.
Posted by Rand Simberg at February 07, 2007 07:29 AM
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Comments
his take on the burn rates are inaccurate, his calculations
don't include the cash burned from the financing rounds.
Posted by anonymous at February 7, 2007 08:10 AM
anonymous: I added a caveat regarding SpaceX and RpK contributions. At a minimum, it seems to indicate a floor burn rate for SpaceX, assuming that SpaceX keeps its new hires on the payroll.
Posted by Daniel Schmelzer at February 7, 2007 09:21 AM
the progress points are let's say ambitious.
System requirements review, and then
8 months later CDR.
That's a really fast schedule for a going concern,
for a firm that spent a decade in bankruptcy, that's
way beyond fast.
Posted by anonymous at February 7, 2007 04:49 PM
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