Details of Sea Launch Financial Problems Revealed

Court filings detail Sea Launch’s bankruptcy, Spaceflight Now
“Sea Launch reported assets between $100 million and $500 million and estimated debt of almost $2 billion. The company will explore the potential sale of one or more of its business units during the bankruptcy proceedings, officials said. The company has long been on shaky financial ground and has “struggled to recognize the success envisioned” when it was formed in 1995, according to the filing.”