Pop culture obsessives writing for the pop culture obsessed.
Pop culture obsessives writing for the pop culture obsessed.

Tom DeLonge's UFO organization seems to be having money problems, unless it's all a big conspiracy

Illustration for article titled Tom DeLonges UFO organization seems to be having money problems, unless its all a big conspiracyem/em
Photo: Vivien Killilea (Getty Images for SiriusXM)

According to a report from Ars Technica, the weird UFO research group/art collective co-founded by former Blink-182 member Tom DeLonge known as To The Stars Academy has dug itself a $37.4 million deficit, bringing its longterm viability as a weird UFO research group/art collective into question. The organization is trying to design high-tech spacecraft alongside alien-themed entertainment media, and its employees include legitimate space experts and retired government officials—the sort of people who would know about real-life alien conspiracies, in other words.

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The Ars Technica report says that To The Stars has been keeping these people on board with a “stock incentive plan,” but a filing with the U.S. Securities And Exchange Commission says the group has only raised a little over $1 million from outside funding. This has led to that $37.4 million deficit, which To The Stars apparently intends to fix by selling more stock. That means you could not only own help Tom DeLonge get out of a jam, but you could also be on the forefront of a serious foray into alien research—well, as serious as theories about extraterrestrials visiting the ancient Greeks and sinking Atlantis can be.

Of course, some ill-conceived stock incentive plan may be the “official” reasoning for these financial troubles, but we all know this is actually part of a government-backed conspiracy to discredit DeLonge and To The Stars.

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