Voyager announces first public stock offering, valued at $1.6 billion

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The space station startup Voyager Technologies yesterday announced its first public stock offering, with the hope of raising almost $400 million in investment capital.

Underwriters have a 30-day option to purchase up to 1.65 million additional Class A shares, on top of the 11 million initially offered, which are expected to be priced between $26 and $29 each. If fully subscribed at the top end of the range, the IPO could raise as much as $367 million in gross proceeds.

Voyager plans to build the Starlab space station, launched as a single large module by SpaceX’s Starship/Superheavy rocket, but so far has cut no metal, focusing its work entirely on designs. It has also signed deals with several foreign companies in Europe and Japan as well as the European Space Agency, positioning itself as providing the international community a station to replace ISS when it is gone.

At the moment however I rank Starlab fourth among the four commercial space stations under development, mostly because it has built nothing. Hopefully the funds raised by this stock offering will allow it to start some construction work.

  • Haven-1, being built by Vast, with no NASA funds. The company is moving fast, with Haven-1 to launch and be occupied in 2026 for an estimated 30 days total. It hopes this actual hardware and manned mission will put it in the lead to win NASA’s phase 2 contract, from which it will build its much larger mult-module Haven-2 station..
  • Axiom, being built by Axiom, has launched three tourist flights to ISS, with a fourth scheduled for early June, carrying passengers from India, Hungary, and Poland. Though there have been rumors it has cash flow issues, development of its first module has been proceeding more or less as planned.
  • Orbital Reef, being built by a consortium led by Blue Origin and Sierra Space. Overall, Blue Origin has built almost nothing, while Sierra Space has successfully tested its inflatable modules, including a full scale version, and appears ready to start building its module for launch.
  • Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with an extensive partnership agreement with the European Space Agency. It recently had its station design approved by NASA, but it has built nothing. This might change once it obtains several hundred million dollars from its initial public offering of stock.
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Proposed commercial spaceport in Nova Scotia gets launch customer

The proposed commercial spaceport in Nova Scotia, operated by Maritime Launch Services, announced this week that it has signed a contract with a Netherlands rocket startup, T-Minus, whereby the latter will do two suborbital launches of its new Barracuda sounding rocket.

On 3 June 2023, Maritime Launch Services, a Canadian commercial launch facility operator, announced that it had signed an agreement with T-Minus Engineering for the launch of two Barracuda rockets. According to the press release, the two launches will carry various scientific and educational payloads for several customers, whose names were not disclosed. The launches are expected to take place from Spaceport Nova Scotia in October 2025.

The viability of both the rocket startup and spaceport are open to question. T-Minus was founded in 2011, and has apparently done little in that time period. It claims it is flown this rocket many times, but if so there is little solid information confirming this fact. Most of its business appears to have been flying very small sounding rockets for European defense agencies.

Maritime Launch Services first proposed this spaceport in 2017, but has seen only one student suborbital launch in that time. Its original plan was to offer both the launchpad and rocket to satellite manufacturers. The rocket however was Ukrainian-built, and when Russia invaded the Ukraine that rocket was no longer available. Furthermore, red tape in Canada stalled launch approvals for years.

Recently the spaceport has been marketing itself to multiple rocket companies, announced a number of deals with unnamed startups or named startups that haven’t flown anything yet. It has also signed a partnership deal with the space station company (Voyager), apparently to bring some real technical expertise to the operation.

Nothing real at this spaceport however has actually yet occurred. Whether this new deal is real will have to wait for something to happen.

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June 3, 2025 Quick space links

Courtesy of BtB’s stringer Jay. This post is also an open thread. I welcome my readers to post any comments or additional links relating to any space issues, even if unrelated to the links below.

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New ground-based images of the Sun’s surface

The Sun's surface, as seen by Inouye Solar Telescope
Click for original image.

Cool image time! The picture to the right, cropped, reduced, and sharpened to post here, was taken using the Inouye Solar Telescope in Hawaii. It shows the granule surface of the Sun at very high resolution, resolving objects as small as 12 miles across.

The team used the Inouye’s Visible Broadband Imager (VBI) instrument operating in the G-band, a specific range of visible light especially useful for studying the Sun because it highlights areas with strong magnetic activity, making features like sunspots and fine-scale structures like the ones in the study easier to see. The setup allows researchers to observe the solar photosphere at an impressive spatial resolution better than 0.03 arcseconds (i.e., about 20 kilometers on the Sun). This is the sharpest ever achieved in solar astronomy.

The scientists then used computer simulations to confirm that the smallest features, curtains of plasma raising along the walls of the granules, are linked to fluctuations in the Sun’s magnetic field.

As interesting and cutting edge this research is, the language of the press release seems more aimed at touting this telescope then describing new science. Practically every sentence uses words like “unmatched,” “unparalleled,” “unique,” and “unprecedented” (multiple times), and then ended with this quote:

“This is just one of many firsts for the Inouye, demonstrating how it continues to push the of solar research,” says NSO [National Solar Observatory] Associate Director for the NSF [National Science Foundation’s] Inouye Solar Telescope, Dr. David Boboltz. “It also underscores Inouye’s vital role in understanding the small-scale physics that drive space weather events that impact our increasingly technological society here on Earth.”

I have noticed this phenomenon recently in many government press releases. It appears that the releases issued in the past month have become less about real research and are more designed to lobby the public against any possible budget cuts proposed by the Trump administration.

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Two launches today by American companies

The beat goes on: Two different American rocket companies today completed successful launches.

First, Rocket Lab placed a BlackSky high resolution Earth imaging satellite into orbit, its Electron rocket lifting off from one of its two launchpads in New Zealand. This was the second of four launches that BlackSky has purchased from Rocket Lab.

Next, SpaceX continued its unrelenting launch pace, placing 23 Starlink satellites into orbit (with 13 having phone-to-satellite capabilities), its Falcon 9 rocket lifting off from Cape Canaveral. The first stage completed its 21st flight, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

68 SpaceX
32 China
7 Rocket Lab
6 Russia

SpaceX now leads the rest of the world in successful launches, 68 to 52.

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June 2, 2025 Quick space links

Courtesy of BtB’s stringer Jay. This post is also an open thread. I welcome my readers to post any comments or additional links relating to any space issues, even if unrelated to the links below.

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Texas legislature gives Starbase power to close Boca Chica beaches

The Texas legislature this week approved language that now gives the new government of Starbase the power to close the road to Boca Chica’s beaches, taking that power from the local county.

House Bill 5246 revises the power and duties of the Texas Space Commission and the Texas Aerospace Research and Space Economy Consortium. A conference committee report of the bill added a section that allows the Space Commission to coordinate with a city to temporarily close a highway or venue for public safety purposes.

In South Texas, that will give the Starbase city commissioners the authority to approve those closures which would affect State Highway 4, a road that runs through Starbase and leads to the beach, as well as the beach itself.

As is usual for the particular news outlet at the link, it magnifies the opposition to SpaceX, amplifying the size of the several tiny leftist activist organizations that have been trying to shut down SpaceX at Boca Chica since the day Elon Musk announced he was now voting Republican. In reality, that opposition is nil. The region is thrilled by the wealth and jobs that SpaceX is bringing to the area, and is willing do help it grow in all ways. This action by the state legislature only reflects that support.

I must also note that the opposition in the legislature came entirely from the Democratic Party, once again taking the 20% side of an 80-20 issue.

Hat tip to radio host Robert Pratt of Pratt on Texas.

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Proposed Australian spaceport changes name

Proposed Australian spaceports
Proposed Australian spaceports.
Click for original image.

A proposed Australian spaceport company that was previously called Equatorial Launch Australia and was forced to shift its location because of red tape has apparently changed its name to Space Centre Australia and named its proposed spaceport the Atakani Space Centre.

It is also possible there was a major shake-up in management, but this is unclear from available sources.

The map to the right shows the location where Atakani is planned, on Cape York in Queensland. Previously this company hoped to build the spaceport to the west in the Northern Territory, but local bureaucracy made that impossible.

Right now the company hopes to open for launches by 2029.

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New calculations suggest Andromeda might not collide with Milky Way

The uncertainty of science: Scientists using new data from the Hubble Space Telescope as well as Europe’s Gaia space telescope, combined with many computer models, have determined that the 2012 prediction that the Andromeda galaxy would collide with Milky Way in five billion years was much more uncertain. From the abstract of the paper:

[W]e consider the latest and most accurate observations by the Gaia and Hubble space telescopes, along with recent consensus mass estimates, to derive possible future scenarios and identify the main sources of uncertainty in the evolution of the Local Group over the next 10 billion years. We found that the next most massive Local Group member galaxies — namely, M33 and the Large Magellanic Cloud—distinctly and radically affect the Milky Way — Andromeda orbit. Although including M33 increases the merger probability, the orbit of the Large Magellanic Cloud runs perpendicular to the Milky Way–Andromeda orbit and makes their merger less probable.

In the full system, we found that uncertainties in the present positions, motions and masses of all galaxies leave room for drastically different outcomes and a probability of close to 50% that there will be no Milky Way–Andromeda merger during the next 10 billion years. Based on the best available data, the fate of our Galaxy is still completely open.

The press release at the first link above makes it sounds as the previous prediction of a collision had been fully accepted as certain by the entire astronomical community, and that is balder-dash. It was simply the best guess at the time, highly uncertain. This new prediction — that we really don’t know what will happen based on the data available — is simply the newest best guess.

This new analysis however is certainly more robust and honest.

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Trump is withdrawing Jared Isaacman’s nomination for NASA administrator

Jared Isaacman
Jared Isaacman

According to numerous reports in various news outlets today and first revealed at Semafor, President Trump has informed Jared Isaacman that he is withdrawing his nomination for NASA administrator.

The White House is pulling the nomination of Jared Isaacman to be the next NASA administrator, just days before he was set to receive a confirmation vote in the Senate, according to three people familiar with the matter and confirmed by the administration.

It must be emphasized that many of these stories speculate absurdly about the reasons for this decision, such as the Washington Post suggestion, underlined by conservative reporter Laura Loomer, that it was Isaacman’s links with Elon Musk that caused this decision, implying that Trump as problems with Musk, something that seems blatantly wrong based on Trump’s positive and many public expressions of support for Musk.

The Semafor story however indicated the most likely reason for this decision, by quoting one White House spokeswoman:

“It’s essential that the next leader of NASA is in complete alignment with President Trump’s America First agenda and a replacement will be announced directly by President Trump soon,” said Liz Huston, a spokesperson for the White House.

This statement confirms something I sensed in March, before anyone else. I noted Isaacman’s past support for Democratic Party candidates and his apparent support in his companies for DEI, and wondered if the delay in getting him confirmed was due to headwinds in the White House and Republican Party over these issues. As I noted then:

These facts suggest to me that within both the Trump administration and among Republican in the Senate there are now second thoughts about Isaacman. Trump’s experience in his first administration, with federal appointees constantly sabotaging his efforts behind his back, has made him very determined to only bring people into his second administration he is certain to trust. Isaacman’s long support for the Democratic Party as well as DEI could be the reason the administration is delaying his confirmation.

More recently Isaacman has publicly expressed some concerns about the budget cuts at NASA proposed by the White House. Those tweets could have been the final blow to his nomination.

For Isaacman, this simply means that he can resume his own private Polaris space program, and align it with Musk’s parallel private Starship program to send humans to Mars, with both entirely without any government funding.

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Trump budget proposes putting a final end to the delayed and blocked Thirty Meter Telescope

There is a lot more to report, and I will do so in a day or so, but I thought it worthwhile to quickly note the the proposed science cuts in the proposed Trump budget for 2026 includes the elimination of all funds for Thirty Meter Telescope (TMT) in Hawaii.

In the budget request, NSF [National Science Foundation]… says it will back only one of the two $3 billion optical telescopes that the astrophysics community wants to build. That honor goes to the Giant Magellan Telescope already under construction in Chile. Its competitor, the Thirty Meter Telescope (TMT), “will not advance to the Final Design Phase and will not receive additional commitment of funds from NSF,” according to the budget request.

The NSF has never had enough money to finance both telescopes. The fact that TMT has been blocked for more than a decade by DEI protesters in Hawaii, with the aid of the state government (controlled entirely by Democrats), makes funding it pointless, and a waste of the taxpayers’ money. It long past time to pull the plug.

As I say, there is a lot more details to report in this budget proposal, including its effort to slash a lot of science government spending, but that will have to wait for later essays. I can promise you one thing, however: I will not do what the rest of the press does, and write a knee-jerk propaganda piece in support of that spending. The science mafia at NASA and the NSF and other agencies has funded a lot of junk in the last few decades. It is time for a reckoning.

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