Meade Instruments, a company familiar to any backyard astronomer who’s drooled over their telescopes, has filed for bankruptcy. The company has fallen on hard times in recent years, as they’ve faced increasing competition. Meade also recently lost a lawsuit, which pushed them over the edge into bankruptcy.
The company is based in Irvine, California, and was founded in 1972. They started out selling small refracting telescopes. They expanded into Newtonian reflectors and Schmidt-Cassegrain telescopes over the years. Now, they sell telescope models worth upwards of $10,000.Continue reading “Wow, Meade Instruments Just Filed for Bankruptcy Protection”