This sort of thing came up 'way back when' the old L5 Society was promoting space colonization using powersats to foot the bill. There was an article in the 'L5 News' that explained how & why really big companies couldn't/wouldn't produce the venture capital to promote similar projects. The conclusion was "it ain't gonna' happen" so the author proposed & organised a 'staging company' (as I recall it was actually chartered in Michigan) which would sell stock to investors & invest it until a sufficient amount of capital was accumulated. At that point it would transform itself into an 'operating company' & begin operating. I also recall a letter published later in the paper stating that shares were being sold but could only be purchased w/i the state of Michigan. I actually considered putting some small amount of cash into it but I could never figure out how to do so. I always wondered what happened to the scheme. I figured it probably succumbed to the
 vicissitudes of the investment marketplace.

--------------------------------------------
On Mon, 10/20/14, Ian Whitchurch <ian.whitchurch@gmail.com> wrote:

 Subject: Re: [TML] Fusion by 2025?
 To: tml@simplelists.com, "Tim" <tim@little-possums.net>
 Date: Monday, October 20, 2014, 9:53 PM

 The bear
 case on this is that Lockheed Martin are a ~$52b market cap
 company. If they really think it will work, then they should
 be raising another b or so of equity capital (~2% dilution)
 and spending that.

 On Tue, Oct 21, 2014 at
 3:33 PM, Tim <tim@little-possums.net>
 wrote:
 On Sat, Oct 18, 2014 at 10:16:20AM
 -0700, Kelly St. Clair wrote:

 > Fusion, like "true" AI, has been ten years
 away since I was a kid.

 That's because the funding for it has been
 sitting somewhat below the

 "nobody cares" level for all those decades.

 - Tim

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