panick21 t1_ixj0rp5 wrote
Reply to comment by Reddit-runner in Berlin to Back French-Built Rockets in Race Against Musk by Soupjoe5
Europe doesn't really have the space companies willing to take that risk in real numbers.
Reddit-runner t1_ixj149t wrote
>Europe doesn't really have the space companies willing to take that risk in real numbers.
Yes. Obviously.
Why else do you think I proposed milestone based fixed-cost contracts?
That way even relatively small companies can stem the finacial burden and quickly grow.
panick21 t1_ixj2twk wrote
That requires banks to lend those companies money, or investors to pay that until they get some money from the contracts. Given that these companies are unproven this is unlikely to happen.
Maybe for some tiny projects, and that would make sense to build up the industry, but not for really serious stuff.
Reddit-runner t1_ixj61sp wrote
When the milestones are close enough together the risk for investors is relatively small.
So each milestone would be a "tiny project" within "really serious stuff".
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