Scroll down to read this post.

 

Please consider supporting my work here at Behind the Black. I keep the website clean from pop-ups and annoying demands. Instead, I depend entirely on my readers to support me. Though this means I am sacrificing some income, it also means that I remain entirely independent from outside pressure. By depending solely on donations and subscriptions from my readers, no one can threaten me with censorship. You don't like what I write, you can simply go elsewhere.

 

You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:

 

1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.

 

2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
 

3. A Paypal Donation:

4. A Paypal subscription:


5. Donate by check, payable to Robert Zimmerman and mailed to
 
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652

 

You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.


SpaceX lands another Falcon Heavy contract; seeks big loan

Capitalism in space: SpaceX has signed another Falcon Heavy launch contract, this time with the satellite company Viasat.

What is interesting here is that Viasat had previously had a Falcon Heavy contract, but switched to the Ariane 5 because of the long delays leading to the rocket’s first launch. That they have returned indicates that there is a strong need for a rocket that can lift this kind of large payload, even as a large part of the satellite industry is also miniaturizing.

In related news, SpaceX is reported to be negotiating for a half billion dollar loan.

Elon Musk’s rocket company SpaceX is seeking to borrow $500 million in the leveraged loan market, according to three people familiar with the matter.

Goldman Sachs Group Inc. is leading the talks with potential investors this week, said the people, who asked not to be identified because plan is private. Spokesmen for Space Exploration Technologies Corp. and Goldman Sachs declined to comment.

This is especially interesting, based on the company’s philosophy to avoid taking government development money. While Blue Origin, Northrop Grumman, and ULA recently accepted Air Force rocket development subsidies ranging from half a billion to a billion dollars for future military launches, SpaceX did not. Some reports suggested this meant the Air Force was going to exclude SpaceX in future contract bidding, a suggestion that I think is patently false.

This loan probably relates to development of the BFR, and will allow SpaceX to build it according to its desires, not the Air Force’s.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

3 comments

  • wayne

    semi-related:

    Tesla actually showed a profit for the latest reporting Quarter.

  • pzatchok

    Think of cash as fuel for a company.

    With all the other guys getting “free” money from the government Space X has to keep up otherwise the rest have a chance of passing them in development and implementation.

    I think Space X is making the better choice, a loan instead of a slave collar to the government.

    If I had been granted my wish and won the Mega Millions lottery I would have taken the cash payout and then would have been able to finance the whole thing. (For a piece of the company)

  • Dick Eagleson

    pzatchok,

    SpaceX is in no danger of falling behind its competitors. The three companies that won USAF money in the recent Phase 1 LSA program are all going to use it to build rockets that won’t even enter testing for 2.5 years or more. None of the proposed rockets will be superior to what SpaceX has right now. New Glenn will be roughly a peer of Falcon Heavy. Vulcan and OmegA will be expendable and expensive. By the time these vehicles appear, SpaceX may already have begun orbital tests of BFR.

    Going the loan route is not only far better than angling for government development money, it is also an indication of SpaceX’s financial strength. Up to now, SpaceX has only raised large tranches of cash by selling off equity. Loans are preferable at this stage of the company’s life. So even if you’d walked into Elon’s office, Mega Millions lump sum check in hand, he probably would have politely shown you the door rather than surrender any additional equity.

Readers: the rules for commenting!

 

No registration is required. I welcome all opinions, even those that strongly criticize my commentary.

 

However, name-calling and obscenities will not be tolerated. First time offenders who are new to the site will be warned. Second time offenders or first time offenders who have been here awhile will be suspended for a week. After that, I will ban you. Period.

 

Note also that first time commenters as well as any comment with more than one link will be placed in moderation for my approval. Be patient, I will get to it.

Leave a Reply

Your email address will not be published. Required fields are marked *