PARIS— Smallsat manufacturer AAC Clyde Space said it will sacrifice profitability and use its share-capital increase to increase staff and raise production capacity to 20 satellites a year — with expansion to 100 satellites for a given constellation — to meet what it believes is growing demand.
Reaching cash-flow break-even can wait as the company invests in the scale necessary for long-term sustainability.
“If we were less ambitious, with a smaller number of spacecraft you can make a living,” AAC Clyde Chief Executive Luis Gomes . . .
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