the company of redwire space technology explained that, although it trusts the commercial space sector as one of its main markets, the truth is that there is a great volatility among its clients.
The company has not obtained the profits that it expected according to its commercial expectations. Which has made you rethink your business priorities. However, this fact points to something even more remarkable, how fragile this market is and how few customers there are.
One factor is “some volatility associated with emerging commercial space contract orders.” Apparently, many companies arise, obtain financing and then face problems because there is no clear legislation regarding it.
“With rapidly changing economic conditions, uncertainty has increased“, explained the CEO of Redwire. “If we were to say that something has changed, it is a bit of uncertainty about the calendar, since many commercial space companies in our sector that we supply change their forecasts over time.”
Forecasts in the space world are very difficult to meet, but it is true that many companies paint castles in the air with impossible time lines.