A Cautionary Tale of New Space

Selling Space: Entrepreneurs Offer Dreams and Schemes in the Hope of Making a Buck Off the Cosmos, Houston Press

"... Dula is not just a NewSpace pioneer, he's a defendant in a $49 million fraud suit calling him a con artist with a warehouse full of antiquated space junk that was never meant to get off the ground. It's the second time an investor has accused him of fraud -- a Houston woman, Donna Beck, previously sued him for allegedly duping her into an asteroid-mining scam. Beck and Dula agreed to dismiss the case, with prejudice, in early 2014. In the years after Dula accepted his prestigious [Space Frontier Foundation Pioneer of NewSpace] award, his space capsules have been to London's Parliament Square, Saudi Arabia and an auction house in Brussels. They just haven't been to space. The man who would sue Dula, Japanese billionaire Takafumi Horie, was actually considered a con man himself in his native country, where he was convicted of manipulating stock prices in his Internet company and sentenced to 21 months in prison."

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This page contains a single entry by Keith Cowing published on June 15, 2016 10:30 AM.

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