TripleS is kinda like gg version of nct i guess.
It has 24 members divided into multiple different sub units who will swap members interchangeably.
The company doing this is called MODHAUS, which was founded by guy called jaden jeong who worked on loona project when he was under bbc.
This Jaden jeong guy seems to have obsession with taking on big projects, he had worked on loona debut project with 10 million $ budget which is probably highest debut budget for any gg but that ended up as a massive flop as you know. Kinda funny that after running away from bbc 4 ex loona members have also joined his company.
Now this tripleS project of his doesn't seem cheap either but my bet would be its again going to be a flop for him, This seems like a bit way too big of a bite by a small company. I wonder if they are really financially capable of supporting this for long. 2 of the tripleS members have already ended up on queendom puzzle so its not surprising