Tag: capitalism

Starship gets its first communications satellite customer

9:38 am

Capitalism in space: Sky Perfect JSAT, a Japanese satellite communications company, today awarded SpaceX a launch contract using its giant Starship/Superheavy rocket to put its Superbird-9 communications satellite into orbit in 2024.

Superbird-9 will be launched by SpaceX’s Starship launch vehicle in 2024 to geosynchronous transfer orbit. SpaceX’s Starship is a fully reusable transportation system that will be the world’s most powerful launch vehicle. SKY Perfect JSAT and SpaceX will continue to work together ahead of the launch of Superbird-9 Satellite.

Sky Perfect is the first communications satellite company to choose Starship for a satellite launch. It is however the rocket’s fourth signed customer. Japanese billionaire Yusaku Maezawa made a deal in 2018 for a flight around the Moon, while NASA chose Starship in 2021 as the manned lunar lander in its Artemis program. UPDATE: SpaceX also has a second private manned customer, Jared Isaacman, whose present deal with SpaceX calls for two Dragon flights followed by a Starship flight.

Sky Perfect is not a new company, with sixteen satellites already in orbit providing communications, broadband, and entertainment to Japan and the Far East. It likely made this deal because it got a very good launch price, with options to back out if the rocket’s on-going development gets delayed by too much. It also made the deal because it helps to solidify Starship’s future, something Sky Perfect probably sees as a win considering the significant reduction of launch costs expected from Starship/Superheavy.

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A detailed description of Rocket Lab’s private Venus mission

10:00 am

Planned insertion of Rocket Lab's probe into Venus's atmosphere
Click for full figure.

Capitalism in space: In partnership with scientists at MIT, the Planetary Science Institute, and others, Rocket Lab engineers this week published a detailed description of the company’s planned privately funded mission to Venus, presently targeting a launch in May 2023.

From the paper’s abstract:

The Rocket Lab mission to Venus is a small direct entry probe planned for baseline launch in May 2023 with accommodation for a single ~1 kg instrument. A backup launch window is available in January 2025. The probe mission will spend about 5 min in the Venus cloud layers at 48–60 km altitude above the surface and collect in situ measurements. We have chosen a low-mass, low-cost autofluorescing nephelometer to search for organic molecules in the cloud particles and constrain the particle composition.

The figure above is figure 6 from the paper. It shows the probe’s planned path through Venus’s atmosphere. If the mission launches in May ’23 the probe would enter the atmosphere in October ’23.

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Astrobotic makes bid to buy assets of bankrupt Masten

9:02 am

Capitalism in space: Astrobotic, a startup focused on building lunar and planetary unmanned landers, has now made a formal bid to buy the remaining assets of Masten Space Systems, which had also been a startup focused on planetary missions but recently went bankrupt.

In a filing with the U.S. Bankruptcy Court for Delaware Aug. 14, Masten said it received a “stalking horse” bid of $4.2 million for Masten’s assets, including a SpaceX launch credit worth $14 million, from Astrobotic. The agreement, in effect, sets a minimum price for the sale of those assets but does not prevent Masten from seeking higher bids through an auction process that runs through early September.

The agreement appears to supersede an earlier agreement between Masten and a third lunar lander company, Intuitive Machines, included in Masten’s Chapter 11 filing July 28. That agreement covered the SpaceX launch credits alone and Masten did not disclose the value of it in its original filing.

Masten’s long term specialty has been vertical take-off and landing, something it has successfully done for the last several years on suborbital flights. This technology would be of great value to both Astrobotic and Intuitive Machines in developing their own first lunar landers.

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Merger deal between Italian orbital tug company D-Orbit and Breeze canceled

8:52 am

Capitalism in space: The merger deal between the Italian orbital tug company D-Orbit and the special purpose acquisition investment company (SPAC) Breeze has been canceled.

The Italian company had hoped to raise $185 million from the deal to expand staff and accelerate investments in ION Satellite Carrier, its orbital transfer vehicle (OTV) that completed its first commercial mission in late 2020.

However, “financial markets have changed substantially” since the deal was announced Jan. 27, Breeze CEO Douglas Ramsey said, amid rising interest rates, soaring inflation, and an ongoing war in Ukraine. “As we look ahead, we remain focused on identifying another value creating opportunity for Breeze shareholders,” Ramsey added.

A SPAC is a shell company designed solely to gather investment capital that is then used to either buy or merge with another company. In the process the company that is taken over goes public, its stock available on the stock market for trade. There have been a number of such takeovers in the space sector in the past few years, but most have turned out poorly for the investors in those SPACs, as noted in the article:

Of the nine space companies that went public through SPAC mergers in 2021, only Rocket Lab’s shares finished the year trading above their price when the merger closed. [Ed: both Virgin Galactic and Astra are examples of these failures.]

Demand for new SPAC deals has also been waning amid declining investor appetite for risk and increasing regulatory scrutiny over how these blank check firms operate. More than 40 SPAC mergers have been canceled so far this year, reported Bloomberg.

To put it more bluntly, investors have found these SPACs to be poor investments, and are bailing from them. This is likely what happened at Breeze, thus forcing the cancellation of the deal with D-Orbit.

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August 15, 2022 Quick space links

12:43 pm

From Jay, BtB’s stringer:

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August 14, 2022 Quick space links

1:06 pm

Some weekend news from BtB’s top stringer, Jay.

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Professional software hacker demonstrates how to hack Starlink terminals

10:49 am

A professional software hacker not only recently succeeded in hacking the terminals SpaceX sells customers to use its Starlink satellite internet service, he first got a bounty from SpaceX for doing so, then made his technique freely available on the web for everyone else.

[Lennert] Wouters is now making his hacking tool open source on GitHub, including some of the details needed to launch the attack. “As an attacker, let’s say you wanted to attack the satellite itself,” Wouters explains, “You could try to build your own system that allows you to talk to the satellite, but that’s quite difficult. So if you want to attack the satellites, you would like to go through the user terminal as that likely makes your life easier.”

The researcher notified Starlink of the flaws last year and the company paid Wouters through its bug bounty scheme for identifying the vulnerabilities. Wouters says that while SpaceX has issued an update to make the attack harder (he changed the modchip in response), the underlying issue can’t be fixed unless the company creates a new version of the main chip. All existing user terminals are vulnerable, Wouters says.

Starlink says it plans to release a “public update” following Wouters’ presentation at Black Hat this afternoon, but declined to share any details about that update with WIRED prior to publication.

Wouters is a researcher at the Belgian university KU Leuven.

While it can certainly help SpaceX to figure this out, by publishing the hack to the world Wouters looks like a blackmailer unsatisfied with his payoff who is now following through with his blackmail threat. One also wonders why SpaceX, as part of its bounty payment, did not require Wouters to sign a non-disclosure agreement.

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SpaceX launches 46 more Starlink satellites

2:49 pm

Capitalism in space: SpaceX today used its Falcon 9 rocket to launch another 46 Starlink satellites into orbit from Vandenberg Space Force Base in California.

The first stage completed its 10th flight, landing on a drone ship in the Pacific. It was also the fourth flight for both fairing halves. During the live stream the announcer also mentioned that because SpaceX has recently switched to using Starlink for transmitting its launch video feeds, the loss of picture signal that use to occur during the landing of the first stage on the drone ship has almost completely vanished.

The leaders in the 2022 launch race:

36 SpaceX
30 China
11 Russia
6 Rocket Lab
5 ULA

American private enterprise now leads China 51 to 30 in the national rankings, and the entire world combined 51 to 48.

I should also add that the United States has now matched the number of launches achieved in 1962, the nation’s fifth highest total of successful launches in a single year.

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Another and this time longer static fire tests for Superheavy prototype #7

9:02 am

Capitalism in space: SpaceX engineers yesterday conducted a second static fire engine test of the 7th prototype of its Superheavy first stage booster, firing a different engine for 20 seconds.

The action ramped up on Thursday (Aug. 11) for Booster 7, which conducted a much longer static fire on Starbase’s orbital launch mount. The burn, which occurred at 3:48 p.m. EDT (1948 GMT), lasted for 20 seconds, SpaceX said via Twitter (opens in new tab).

The long-duration burn aimed to “test autogenous pressurization,” according to a tweet posted by Musk (opens in new tab) shortly before Booster 7 fired up.

Expect these engine tests to occur on a regular basis over the next few weeks, as engineers ramp up their operations in preparation for the first orbital flight of both prototype #7 with Starship prototype #24 stacked on top.

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SpaceX gets FCC communications license for Starship orbital launch

8:47 am

Capitalism in space: The FCC yesterday approved SpaceX’s communications license for one or more Starship orbital launches, with a six month launch window beginning on September 1, 2022.

This FCC approval is not a launch license, which must be given by the FAA. It does tell us that SpaceX will not attempt the first orbital launch of Starship before the end of this month. It also tells us that the company likely plans on an aggressive test program from September ’22 through February ’23, assuming the FAA and the federal bureaucracy finally stops blocking that program.

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FCC cancels $900 million award to Starlink

3:07 pm

The FCC today canceled a $900 million subsidy it had awarded to SpaceX in December 2020 as part of a federal program to help establish broadband service in rural communities.

The reasoning for canceling the award given at the link is very unclear. However, since the award a lobbying effort by Starlink’s competitors — teamed up with Democrats in Congress — to cancel the award has been on going. It now seems to have succeeded.

Another clue to explaining this cancellation is timing. The award was announced at the end of the Trump administration, when his appointees controlled the FCC. The cancellation took place during the Biden administration, with the FCC now controlled by Democrats who are increasing revealing themselves to be very hostile to private commercial space in general and Musk and SpaceX in particular.

Nonetheless, it seems absurd to give SpaceX any such subsidy, regardless of the politics. As I said in February 2021:

No one, including SpaceX, should get these funds. SpaceX is proving they aren’t necessary to get the job done (bringing fast internet service to rural communities). Moreover, the federal government really doesn’t have the cash, deep in debt as it is.

Sadly, just because the FCC cancelled its award to SpaceX we should not expect as modern taxpayers that the money won’t be spent. Expect the Biden administration to instead dole it out to its preferred vendors.

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UK regulators to investigate Viasat-Inmarsat merger

9:03 am

The United Kingdom’s Competition and Markets Authority (CMA) yesterday opened an investigation into the purchase of InMarsat by Viasat, announced in November ’21, to see it that merger would “result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”

This investigation will clearly delay the merger. It also appears somewhat counter-productive, considering that Inmarsat has been having trouble making money in recent years due to the market’s shift from its big geosynchronous satellites to constellations of smallsats in low Earth orbit, such as SpaceX’s Starlink. Viasat meanwhile has been desperately trying to block Starlink because of that very competitive threat.

By merging, these two satellite companies might survive and compete with the new orbital constellations. Otherwise, they might both go out of business, thus reducing competition. It seems the CMA will be shooting itself in the foot if it blocks this merger.

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