Was the headline 50 years ago in EW's edition of February 8th 1961.
The story opens:
'Final formation is expected within the next few days of British Space
Development Company, a group of eight major electronic and aero-engine companies.'
'First news of the company, specially formed to exploit British space research, came late last week in a short statement by Sir Robert Renwick. Sir Robert has been lobbying for some time to obtain backing for such a scheme.'
'The eight member companies so far named are Decca, AEI, ATV, BICC, de Havilland, Pye, Rank and Rolls-Royce.'
'Capital is £20,000.'