Should the government have bought a failing tech company

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Joinedup
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#1
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Don't the tories think government running businesses is bad :unsure:

https://www.theregister.com/2020/07/03/uk_buys_oneweb/


UK government shakes magic money tree, finds $500m to buy a stake in struggling satellite firm OneWeb

There's some talk of repurposing the satellites into a British GPS system now that we've removed ourself from the EU version - but that might turn out to be easier said than done.

Scott Manley seem to think it's questionable whether manufacturing could be relocated to the UK.
https://www.youtube.com/watch?v=QYdS...IECgIIAQ%3D%3D
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ByEeek
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It is a strategic purchase of the sort that was pretty common after the war and into the early 1990s where the government invested in aerospace and defence companies to ensure that the UK had its own defence manufacturing capability. The result is a now dwindling BAE Systems which is a conglomerate of what is still hanging on.

Since space is the new frontier with essential services from communications to GPS all in the hands of foreign entities I think it fair to say that this is a reasonable purchase. Whether the company in question has the technical capability to deliver what the government might ask is a different matter, but in our favour is a proud history of building companies with world leading technical excellence. It is just a shame much of that talent as already been lost over the decades.
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Gundabad(good)
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(Original post by Joinedup)
Don't the tories think government running businesses is bad :unsure:

https://www.theregister.com/2020/07/03/uk_buys_oneweb/


UK government shakes magic money tree, finds $500m to buy a stake in struggling satellite firm OneWeb

There's some talk of repurposing the satellites into a British GPS system now that we've removed ourself from the EU version - but that might turn out to be easier said than done.

Scott Manley seem to think it's questionable whether manufacturing could be relocated to the UK.
https://www.youtube.com/watch?v=QYdS...IECgIIAQ%3D%3D
Well the company will be answerable to the UK Government and the shrewd Indians if they under perform.
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Joinedup
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(Original post by Gundabad(good))
Well the company will be answerable to the UK Government and the shrewd Indians if they under perform.
The Indians might get what they want since it was designed as a telecoms system... But they probably won't want it delaying by having additional requirements bolted on the side.

UK government high tech projects have an unhappy history and a recurrent problem has been trying to change the specs too late in the day.

Previously it was accountable to the Softbank guy... and he obviously decided he was better off walking away.
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