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Space Startup Collapses, Owes $5m to NT Government

March 5, 2026 · ABC News

A space start-up once billed as Australia's space launch future has collapsed into liquidation, still owing the Northern Territory government $5 million.

The company, which had successfully launched NASA rockets from the Northern Territory, has now folded into liquidation with significant debt to the government.

The collapse comes despite previous high-profile launches and promises of revolutionizing Australia's space industry.

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