卦Trigram 2.0

In this blog’s previous incarnation, I was tracking the development of commercial spaceflight with great interest. One very exciting prospect was the proposed development of a spaceport here in Singapore. I wrote when I first heard of it, it showed a Singapore that might have “advanced bioscience and cheap space travel, in a Garden City with great food and loads of kung fu schools“… Hehe, of course, that reveals a lot about my interests!

Anyhow… I’m not sure what’s happening with the biotech industry; friends of mine who were working for biotech startups tell me that it’s not working out, and they are leaving. I can’t say whether this is indicative of the biotech sector overall here… but from that list of mine, the spaceport project has, sad to say, come to a halt.

Yesterday’s Straits Times reported that the project has stalled due to a lack of funding. I can’t find an online version of the article, but this older article gives an indication of the problems it faced – notably, that potential investors are unconvinced that there is a strong enough demand (something I was also beginning to wonder about last year…)