A U.S. startup building a returnable capsule raised $44 million in investment capital

The new American company Inversion Space — which is developing an orbiting cargo capsule called Arc — has now raised $44 million in private investment capital.

The Los Angeles-based company announced Nov. 20 that it raised a Series A round led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures and Y Combinator. The company has raised $54 million to date, with a $10 million seed round in 2021. It also won in September a Strategic Funding Increase (STRATFI) agreement with the Space Force’s SpaceWERX valued at $71 million, a combination of government and private funding to support work on reentry vehicles tailored for military customers.

Inversion will use the funds to further development of Arc, a reentry vehicle designed to provide what it called “precision delivery on-demand” from space to the Earth. The company is currently working on the design of Arc with a first flight planned for 2026.

The number of companies developing orbiting cargo capsules, either to provide supplies to the new space stations or to do manufacturing in orbit for return and sale on Earth, appears to be growing by leaps and bounds. First there was SpaceX’s Dragon, though the company has not yet flown any in-space manufacturing missions. Varda followed next, and has already flown and returned one capsule successfully. Sierra Nevada will follow next year with the first launch of its reusable Tenacity Dream Chaser mini-shuttle. Inversion will be the fourth.

In Europe there is The Exploration Company in France with its Nyx capsule, the German startup Atmos with its Phoenix capsule, and the Spanish startup PLD with its Lince capsule. There may be more.

All of these orbiting and returnable capsules have multiple profit opportunities, which explains why there has been a willingness of investors to provide them funds. They can either supply cargo to the four private stations presently under construction, or fly independent orbital missions where the capsule carries equipment to produce products of value that can only be manufactured in weightlessness.

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The space agencies of India and Australia agree to cooperate in recovering Gaganyaan

India’s space agency ISRO yesterday announced that it has signed an agreement with the Australian Space Agency (ASA) to work together in doing ocean recovery of India’s Gagayaan manned capsule.

The IA [Implementation Agreement] enables the Australian authorities to work with Indian authorities to ensure support for search and rescue of crew and recovery of crew module as part of contingency planning for ascent phase aborts near Australian waters.

Apparently ISRO anticipates the possible need for capsule ocean recovery near Australia should there be a launch abort shortly after liftoff.

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Russia and SpaceX complete launches

Both Russia and the American company SpaceX successfully completed launches this morning. First, Russia sent a new Progress freighter on its way to ISS, its Soyuz-2 rocket lifting off from the Baikonur spaceport in Kazakhstan. The cargo ship is planned to dock with ISS in two days.

Next SpaceX put another 24 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Cape Canaveral in Florida. The first stage completed its 20th flight, landing on a drone ship in the Atlantic.

The leaders in the 2024 launch race:

119 SpaceX
53 China
14 Russia
12 Rocket Lab

American private enterprise now leads the rest of the world combined in successful launches 137 to 80, while SpaceX by itself leads the entire world, including American companies, 119 to 98.

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French rocket startup wins multi-launch contract

Capitalism in space: The French rocket startup Latitude yesterday announced that it has gotten a multi-launch contract from the German startup Atmos Space Cargo, which is developing its own returnable cargo capsule.

In a deal announced at Space Tech Expo Europe here Nov. 19, Atmos will buy a minimum of five launches a year of Latitude’s Zephyr rocket between 2028 and 2032. Terms of the deal were not disclosed.

Each launch will place a Phoenix spacecraft into very low Earth orbit, or VLEO. The spacecraft are designed to accommodate payloads for microgravity research in fields like pharmaceuticals and manufacturing, returning them to Earth.

Both companies have raised private investment capital, with Latitude raising $30 million and Atmos $1.4 million. Both are part of the sudden burst of new independent space companies that have emerged in Europe in only the last three years, even as many new American space startups have fallen by the wayside due to technical problems and government red tape.

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Part 3: Fixing our bloated federal government and the administrative state is going to take decades

The lion now is roaring, quite loudly
The lion now is roaring, quite loudly.
Photo by Travis Jervey.

In part 1 of this series I described how it appears the American public today is no longer asleep and is instead very aggressively participating in the political and cultural debate in ways it has not in many decades, noting how this shift suggests we are experiencing a much more fundamental societal change than a mere shift in voting demographics.

In part 2 of this series I described how this fundamental shift has begun to express itself within the courts and politics in ways unheard of only five years ago. This expression illustrates the bottom-up nature of America, whereby the citizen is sovereign and our so-called leaders can only resist what those citizens want for only so long. And when those citizens become energized, as they now are, that resistance will evaporate with amazing speed.

In part 3 today I am going to take a more pessimistic view, based not on recent events but on the longer view I take naturally as a historian. I do this all the time in my histories. In Genesis: the Story of Apollo 8, in describing the political background behind that mission, I could not help noting how that mission changed America and its social goals significantly, for both good and ill. In Leaving Earth, I opened the book like so:

Societies change. Though humans have difficulty perceiving this fact during their lifetimes, the tide of change inexorably rolls forward, sometimes for better, sometimes for worse.

I then documented in detail the space efforts by both Russia and the United States in the decades after the Apollo landing and the politics behind those programs, with both providing a great window into how both societies changed in the second half of the 20th century. As I concluded, “They were like ships passing in the night.”

Similarly, the major cultural and political shift away from big government and the regulatory state that I think we are now experiencing in the United States is not going to change our country overnight. These things take time. People who firmly believe it is a good idea to “gender affirm” confused little kids by cutting off their breasts or castrating them are not going to change their minds easily. People who believe in big government — especially those who benefit from it — are not going to meekly allow that big government and those benefits to vanish without a fight.

The left’s long march through the institutions
» Read more

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FAA approves revised launch rate for Boca Chica; schedules public meetings

The FAA today announced that it has issued a revised draft environmental assessment [pdf] of SpaceX’s operations at Boca Chica in which the agency approves the company’s request to increase its Starship/Superheavy launch rate from 5 to 25 launches per year.

This does not mean that SpaceX can now launch that many times in 2025. The draft still has to go through more red tape, including public meetings and a comment period, then reviewed again by the FAA. In this announcement the FAA rescheduled those public meetings, as follows:

  • Tuesday, January 7, 2025; 1:00 PM–3:00 PM & 5:30 PM–7:30 PM CDT at the Texas Southmost College, Jacob Brown Auditorium, 600 International Boulevard, Brownsville, TX 78520
  • Thursday, January 9, 2025; 1:00 PM–3:00 PM & 5:30 PM–7:30 PM CDT at the Port Isabel Event & Cultural Center, Queen Isabella Room, 309 E Railroad Avenue, Port Isabel, TX 78578
  • Virtually on Monday, January 13, 2025; 5:30 PM–7:30 PM CDT. Registration Link: https://us02web.zoom.us/webinar/register/WN_6f5su5mtTne_vBr8MqJOLA
    Dial-in phone number: 888-788-0099 (Toll Free),
    Webinar ID: 879 9253 6128, Passcode: 900729

I strongly suggest that local businesses and citizens in the Brownsville area organize to show up en masse at these meetings to express their approval of SpaceX, because I can guarantee that the fringe anti-Musk activists groups SaveRGV, Sierra Club, the Friends of Wildlife Corridor, and the fake Indian Carrizo/Comecrudo Nation of Texas (which never existed in Texas) are organizing to be there to demand SpaceX be shut down.

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NASA to award SpaceX and Blue Origin contracts to deliver cargo to the Moon

Capitalism in space: NASA yesterday announced that is planning to award both SpaceX and Blue Origin contracts to use their manned lunar landers as cargo freighters to deliver supplies to its planned lunar base.

NASA expects to assign demonstration missions to current human landing system providers, SpaceX and Blue Origin, to mature designs of their large cargo landers following successful design certification reviews. The assignment of these missions builds on the 2023 request by NASA for the two companies to develop cargo versions of their crewed human landing systems, now in development for Artemis III, Artemis IV, and Artemis V.

…NASA plans for at least two delivery missions with large cargo. The agency intends for SpaceX’s Starship cargo lander to deliver a pressurized rover, currently in development by JAXA (Japan Aerospace Exploration Agency), to the lunar surface no earlier than fiscal year 2032 in support of Artemis VII and later missions. The agency expects Blue Origin to deliver a lunar surface habitat no earlier than fiscal year 2033.

The contracts however have not been issued. This is merely an announcement of NASA’s intent to do so, which suggests to me that NASA management has already recognized that the entire Artemis program is facing a major restructuring and wants to indicate it will support such a change. That does not mean these contracts won’t be issued — both rely on the privately owned rockets of both companies — but that NASA now realizes that its manned program — which now relies on SLS/Orion — will likely to be changed significantly, likely by the elimination of SLS/Orion and its replacement by private rockets and private manned spacecraft.

Because of this looming restructuring, NASA management probably intended this press announcement — which really announces little that is new — as a signal of its support for such a change, because the announcement focuses on these private companies rather than NASA’s government-built rocket.

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Flights into Brownsville sold out prior to SpaceX’s sixth test flight of Starship/Superheavy

If anyone thinks the anti-Musk activists groups that have been using lawfare to try to shut down SpaceX’s Boca Chica facility have any local support, this story should put a quash on that. According to the airport director for the Brownsville-South Padre Island Airport, all flights sold out leading up to the sixth test flight of Starship/Superheavy.

Airport director Angel Ramos told Channel 5 News he’s noticed traffic increases whenever SpaceX does a flight test. “People are excited,” Ramos said. “They’re wearing SpaceX hats and SpaceX shirts [when they come] in to the airport.”

Ramos said flights were sold out between Sunday and Tuesday, and 700 people have been arriving daily at the airport since Sunday. “There is no launch that happens that we don’t see lots of people coming in and out of the airport, and now that they continue to be more frequent and more successful, people are paying more interest and actually coming days before,” Ramos said.

The story was reported by the local ABC television affiliate, and reflects the very positive impact SpaceX is having on the local community that is recognized quite clearly by everyone who lives there. The Brownsville area had been economically depressed for decades. Now the economy is booming, all because of SpaceX.

The public wants SpaceX there. The nay-sayers represent practically no one. That many local news organizations not only don’t report these facts when they cover the lawfare of these activists but instead often frame their stories as if the opposition is general throughout the region is shameful and an indication of the bankrupt nature of these press outlets.

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