Monthly Archives: June 2006

Propellant Depots

Rand posted a link yesterday to an interesting article about propellant depots on the New Scientist website. It was an interesting read, and good to see good ideas getting more of the attention they deserve. I have a few thoughts … Continue reading

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ABL, part the third

Could a space shuttle orbiter be pawned? That would be a tough one. It would be helpful if there were at least two, if not three in the marketplace. Great pains would have to be taken to show the lenders … Continue reading

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ABL, pt. II

Asset-based lending (ABL) is different from credit-based lending (CBL). CBL is predicated on the borrower’s ability and likelihood to repay. The more uncertain that is, the higher the interest rate. The lender is typically unsecured (no collateral for the loan), … Continue reading

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ABL, pt. 1

Jon, in the comments to his post on auctioning off the ISS/Shuttle, makes some interesting points , but also raises a good question. Though uncertain, he is entirely correct in that once one starts talking about physical assets, one can … Continue reading

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