Google Is Funding a Space Startup -- But I Wouldn't Even Think About Investing In It

Company Overview - Promin, a Ukrainian start-up, is attempting to establish a presence in the U.S. space launch market by collaborating with the Maine Space Corporation and tech giant Alphabet to develop its first rocket, "Promin 1," in Maine while managing project operations from Dnipro, Ukraine [2][9][19] Market Trends - The small satellite launch market is experiencing a trend where satellites are becoming larger, contrasting with Promin's strategy of developing ultra-small payloads, which may not align with current market demands [4] Government Relations - The U.S. government has historically been skeptical of foreign rocket firms, as illustrated by the challenges faced by Firefly Aerospace, which struggled to secure contracts and faced regulatory hurdles due to its foreign connections [5][12][20] - Promin may encounter similar obstacles as it seeks to operate in the U.S. market, potentially facing hostility from the government towards foreign entities [12][16] Technical Aspects - Promin plans to utilize "autophagic technology" for its solid fuel rocket, where both the fuel and the tank are made from the same combustible material, aiming to create a lighter rocket capable of launching payloads of 3 kilograms into Low Earth Orbit for approximately $100,000 per launch [10][17] Investment Considerations - There are concerns regarding the viability of Promin as an investment opportunity, especially given the historical context of foreign firms facing significant challenges in the U.S. space sector, which may deter potential investors [8][16]