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Monday, 15 October 2018

Bloodhound faces the axe

Boooooooo !!!

The project to race a car at over 1,000mph has run into a financial roadblock with the company behind the venture going into administration. The Bloodhound supersonic vehicle is all but built but needs a £25m investment if it is to break records on a dried-out lakebed in South Africa. The administrators, FRP Advisory LLP, have already begun to talk to potential suitors and want to hear from others. But without the funds the project faces being wound up in the coming weeks.
https://www.bbc.com/news/science-environment-45838994
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5 comments:

  1. Oliver Hamilton15 October 2018 at 12:43

    Wouldn't surprise me if it became Virgin Bloodhound... which also sounds like wicked metal name 🤘

    ReplyDelete
  2. David Lazarus15 October 2018 at 17:57

    This is a waste of time and money IMO.

    ReplyDelete
  3. Rhys Taylor15 October 2018 at 20:35

    David Lazarus It's a private venture that does public outreach for tech development. The total cost, so far as I can determine, is well under £100 million. Compare that to the budget of a single Hollywood blockbuster, or the amount spent on Formula 1 or other sports.

    ReplyDelete
  4. David Lazarus15 October 2018 at 21:03

    Rhys Taylor - But imagine if they invested that in anti-gravity tech research.

    ReplyDelete
  5. James Garry15 October 2018 at 22:14

    David Lazarus It kept a lot of engineers employed and fed. And, IIRC, pushed some technological envelopes.

    ReplyDelete

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