Richard Varvill reflects on the emotional collapse of Reaction Engines, a UK aerospace firm that developed cutting-edge heat exchanger tech for hypersonic flight.
Originating from the 1980s Hotol project, the company came close to success but failed in late 2024 due to a lack of funding, despite promising tech and support from major investors like Rolls-Royce.
Staff were devastated, with many in tears during the final announcement. Former team members take pride in the innovation and culture, though regret the mission remains unfinished.
The company’s closure highlights the harsh reality of funding gaps in long-term aerospace ventures
“we failed because we ran out of money.”
Stop being obtuse. Giving up advancements in science and technology is stagnation. Thinking it’s a good idea to not do anything until people are fed and housed is stagnation. Again, it’s not a zero sum game. Those unfed and unhoused people are not that way because of investments in technology and science, and not doing those things will not affect those people
Focus your nonsense on corruption, exploitation, capitalistic excess, income disparities and most of all elected people with empathy …… that are the cause and could help
That’s not what I’m suggesting. I’m suggesting giving up some particular, potential advancements in science and tecnology, which is a whole different kettle of fish and does not imply stagnation.
Why do you think that?