Thursday, October 27, 2005

SpaceDev Merges With StarSys: Investors Cheer!

The merger of SpaceDev with Starsys through an agreed upon buyout with cash and stock worth about $9 million, looks like a win/win all around, but you never know until all the chips have fallen.
Historically, both companies have performed very strong, with a long list of successful products and excellent reputations for performance within the Space Tech Industry between them. It remains to be seen how this acquisition will effect SpaceDev, although given Starsys' earning record (almost three times as high as SpaceDev for the same period) I think it will be positive.

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