Updated on 8/12/2022 at 1:40 p.m. with information about Astrobotic Technology’s loan to Masten and initial bid for the bankrupt company’s assets.
by Douglas Messier
MOJAVE, Calif. — A new court document reveals that an unidentified company nearly purchased now-bankrupt Masten Space Systems earlier this year, but it ultimately backed away due to financial concerns about Masten Mission 1 (MM1), the company’s program to deliver a small rover and a suite of instruments to the south pole of the moon under a NASA contract.
“On April 29, Company A informed Masten that it did not plan to proceed with a deal because of the substantial liabilities recognized to date and additional future projected losses associated with MM1,” an Aug. 10 filing in Delaware Bankruptcy Court said.(more…)
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