[aresant]

In 2020 COVID decimated Rolls Royce given their concentration of revenue associated with selling & servicing existing aero engines.

They have yet to recover from that era which saw a ~10x decrease in enterprise value and record losses.

That said I would interpret this news as a "cut the $!@$! R&D bleeding in anything that won't be generating revenue in the next 4 quarters" vs a reflection on the feasibility or health of Boom's very early but very ambitious plans.

(1) https://www.barrons.com/market-data/stocks/rycey

(2) https://www.reuters.com/business/autos-transportation/rolls-...

(3) https://simpleflying.com/rolls-royce-record-loss/

[neximo64]

That's not entirely true, in the industry it's sort of known Boom still has a lot of work to do to get an engine made for those planes.

[bell-cot]

Perhaps 's/get an engine made for those planes/get a plane made for those engines/' ?