The space start-up, which had been positioned as a pioneer for Australia's space launch capabilities, has entered liquidation proceedings. Despite successfully launching NASA rockets from the Northern Territory, the company now faces significant debt obligations to the territorial government.
Space Start-up Collapses, Owes NT Govt $5m
A space start-up once considered the future of Australia's space launch industry has collapsed into liquidation, still owing the Northern Territory government $5 million.