@cm0002 to Flying • 9 days agoFor the first time, a privately developed aircraft has flown faster than soundarstechnica.comexternal-linkmessage-square8arrow-up15arrow-down11cross-posted to: hardware[email protected][email protected]
arrow-up14arrow-down1external-linkFor the first time, a privately developed aircraft has flown faster than soundarstechnica.com@cm0002 to Flying • 9 days agomessage-square8cross-posted to: hardware[email protected][email protected]
minus-square@mholivlink2•9 days agoBut that was a publicly funded joint venture. The governments of the UK and France basically paid for development.
minus-square@[email protected]linkfedilink2•9 days agoConcorde : private companies funded by public money from France and UK -> Not privately developed XB1 : private company funded by public money from Saudi Arabia -> privately developed
minus-square@mholivlink1•9 days agoTo be fair. There is a meaningful difference between venture capital and joint ventures. Like the concord was amazing for its time. But we have to acknowledge the accomplishment here.
minus-square@[email protected]linkfedilink1•9 days agoAbsolutely. It’s technically very impressive. But I wonder why the PR insists on the ‘first private’ thingy. I am not sure how it’s relevant, seeing how the funding for these projects have changed in all these years.
minus-square@mholivlink1•9 days agoI think it’s because they reallly want to say “first!!” But have to add an adjective to be able to truthfully say it.
The Concorde
But that was a publicly funded joint venture. The governments of the UK and France basically paid for development.
Concorde : private companies funded by public money from France and UK -> Not privately developed
XB1 : private company funded by public money from Saudi Arabia -> privately developed
To be fair. There is a meaningful difference between venture capital and joint ventures.
Like the concord was amazing for its time. But we have to acknowledge the accomplishment here.
Absolutely. It’s technically very impressive.
But I wonder why the PR insists on the ‘first private’ thingy. I am not sure how it’s relevant, seeing how the funding for these projects have changed in all these years.
I think it’s because they reallly want to say “first!!” But have to add an adjective to be able to truthfully say it.