Space Force declares bankruptcy after Silicon Valley Bank collapse
Space Force declares bankruptcy after Silicon Valley Bank collapse
Times are tough for all sorts of startups.
By The Ghost of Jimmy Carter
The Space Force—which some have called “the Coast Guard of the U.S. military”—has declared insolvency following the crash of Silicon Valley Bank (SVB). Initial reports estimate SVB held cryptocurrency for the service equivalent to some 80 percent of the Space Force's roughly $1.2 million budget.
The Chief of Space Operations, 22-year-old Gen. Brad "Kyle" Chadston, tweeted the news Sunday afternoon.
"Fuuuck. I just woke up from a wiiiiiiiiiiiiilddd coke bender to see SVB shit their pants,” the general tweeted. “They held all our funds. My Air Force parents are going to be pissssed, brah.”
The report of the loss comes just weeks after the Space Force Supreme Guardian was photographed taking a Scrooge McDuck bath in gold coins.
With the Space Force unable to access funds, it is unclear what will…
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