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, …