Edison Yu: Okay, thank you very much.
Operator: Thank you. Our next question or comment comes from the line of Josh Sullivan from Benchmark Company.
Josh Sullivan: Good afternoon.
Dan Hart: Good afternoon.
Josh Sullivan: As far as the regulatory process with the UK spaceport, what are the remaining large tentpoles that you see?
Dan Hart: We don’t have any major issues at play. I mean, this is the first space launch ever from the UK. There’s a new set of regulations. There’s a new team. We’ve been working very closely with them and it’s just taken time. I think there will be a lot of lessons learned from this that will help shore up the process. I’m hoping, and I think there’s been a lot of €“ some good discussion about trying to bring more commonality between the U.S. and the UK and maybe other nations processes. So that documentation and various things are not done in multiple ways. But I mean, the good news is we don’t see a showstopper or like a big issue we’re working. But it is taking longer than we had anticipated and it is taking a bit more effort than we anticipated as well.
Josh Sullivan: And just on that commonality comment, I mean, are the other regions like Poland and elsewhere watching the process from afar?
Dan Hart: Yes, very much so. There are a number of countries watching and learning. And I think this activity will help us form a blueprint that we can apply again and again.
Josh Sullivan: Got it. And then just on the Spire multi-launch relationship, can you just provide some color there? How do you think you won that contract and then any other aspects that you might provide?
Dan Hart: Well, Spire is a really dynamic forward-leaning innovative company. I’d say probably the biggest thing that started this is, as I mentioned, was last December, we were getting ready for our launch and our team got a call from the Spire team and they had a satellite that was waiting for a launch in another launch provider, and they really were urgently needing it to get up, our G&C team looked at our performance and our orbit, and they said, we could do this. So the FAA’s credit, I mean, we call them. And within a week, they said, we’re okay if you add that spacecraft. And three weeks later, they were in orbit. So that started the discussion. And then it’s a matter of our launch record, our responsiveness and our value proposition.
Josh Sullivan: And then just lastly, on the comment, looking for breakeven by 2024. What do you think are the major need to have to get there? And then maybe what are some of the risks around it?
Dan Hart: Again, as I said before, I think the ramp-up is our key focus right now. And so we are seeing good signs. The rocket that’s currently down the street from here and getting ready to launch came out of the factory in half the time from the last launch than the one before that. So we’re seeing some good, nice bright spots like that. We got to continue to push it. We haven’t had any big supply chain issues, but balancing out your feeder lines into your factory are important. So all those operational activities are ongoing. And then what we €“ we want to see, and we’re working hard on and making progress on are these certifications, which I think help your operations, help your mission assurance, but also give confidence to customers so that they can put their high value payloads on your system.
We did just get ISO 9000 certification of two, three, four months back. We’re working on the other pedigree and items. So those pieces and it’s really just expanding into the markets we described.
Josh Sullivan: Great, thanks for the time.
Dan Hart: Thanks.