Okay, look, guys -- we know putting a satellite into space is a pricey endeavor -- just ask Sirius XM -- but you literally just launched your first commercial device, the Genus, and we don't think that "launch a device then immediately declare bankruptcy" is a particularly sound business model. They're not there yet, but sure enough, the WSJ is claiming that newly-minted satphone operator TerreStar could be just days away from filing for Chapter 11 as it bears the brunt of around $1 billion in debt, possibly in the form of a well-structured and prearranged bankruptcy on the heels of discussions wit
