Fisker failed due to several factors, including the high production costs of its luxury electric vehicles and the bankruptcy of its battery supplier, A123 Systems. Additionally, the company faced stiff competition from other electric car manufacturers like Tesla. Despite receiving a $529 million loan from the US Department of Energy, Fisker was unable to overcome these challenges and ultimately declared bankruptcy in 2013.
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'Serious Delays' Hit Satellite Mega-Constellations of China's Starlink Rivals
A Chinese mega-constellation of communications satellites, including the Qianfan broadband network, is significantly behind schedule, with only 90 of the planned 648 satellites launched, jeopardizing its competition with SpaceX's Starlink, which has around 8,000 satellites in orbit. Contributing to this delay is China's reliance on single-use rockets, as their current launch capabilities lag behind SpaceX's reusable technology. Want More Context? 🔎
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