Former Blink-182 Member Tom DeLonge’s UFO Academy Is $37.4 Million In Debt

Things are not going well for former Blink-182 member Tom DeLonge’s UFO company, which has reportedly racked up a massive debt of more than $37.4 million.

According to a report in Ars Technica, DeLonge’s To The Stars Academy Of Arts And Sciences, which is devoted to the study of alien life, has accrued a deficit of $37,432,000.

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According to the report, the company “has incurred losses from operations and has an accumulated deficit at June 30, 2018, of $37,432,000. These factors raise doubt about the company’s ability to continue as a going concern.”

Just last month, DeLonge took to Twitter to crowdfund for the academy, in hopes of raising money for the construction of a spaceship, as well as inviting new investors and selling off its stock to investors.

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The singer, 42, has won awards for his research with the school; in 2017, he picked up UFO Researcher Of The Year from UFO website/YouTube channel Open Minds TV.

Since his departure from the Grammy-nominated band three years ago, DeLonge has focused exclusively on UFO studies.

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