Monthly Archives: October 2018

Space Nation comes full circle

“Space Nation konkurssi” Google suosittelee, kun etsii firmaa sieltä. Tuore tilinpäätös puhuu samaa kieltä.

As promised – here is the 5/2018 balance of “space tourism company” Space Nation Oy (formerly Cohu Experience Ltd) from Helsinki, Finland.

SpaceNation balance 2018 (PDF)

Initial sales from the Space Nation Navigator game app were negligible: Revenue was 4006€ (I predicted 4000). The overall result is a 2,9M€ loss (my prognosis 4-6M).

Of the 5,2 million given by crowdfunders and other private investors last year, 58.000 was left in May 2018. That is probably burned yet, also. The company owed 1,2M to banks and addtional 952K to suppliers. In the books are mainly immaterial rights and contracts – such as the (non-commercial) Space Act Agreement with NASA. No substance.

Now that’s clearly a serious situation, which explains the abrupt stopping of the “Astronaut Training program” in August. The app’s downloads have come to a standstill by October. It’s not far-fetched to expect the app disappear from the Google Play Store and Apple Store within 12 months, as it happened to Cohu Experience’s first app, CarbonToSoil.

In time for Slush 2018, Space Nation seems to come full circle where it started two years ago.