Tag: capitalism

Firefly’s stock value far exceeds the predicted price

August 8, 2025 9:41 am Robert Zimmerman

When Firefly announced it was going public at the end of July, it predicted the stock price would range from $35 to $39, with the initial public offering raising about $600 million in capital for the company. Less than a week later it revised these predictions upward to $45 and about $700 million.

When trading opened yesterday, these numbers were still too low, with the stock immediately trading at $70 per share> and raising almost $900 million.

The space and defense technology company reached a peak valuation of more than $9.84 billion during intraday trading, after its shares began trading at $70 — up more than 55% from the initial public offering price of $45. The stock climbed as high as $73.80 during the session before closing at $60.35.

Firefly sold more than 19 million shares in the offering, raising at least $868 million. By the end of trading Thursday, total volume had approached 30 million shares.

This confidence and enthusiasm by Wall Street reflects Firefly’s success this year in becoming the first private company to land an unmanned spacecraft softly on the Moon. It also suggests the market expects the company’s orbital tug and rockets to succeed. Though its Alpha rocket has had a mixed record of success, its new larger Eclipse rocket is being built in partnership with Northrop Grumman, which has invested $50 million into its development.

Rocket Lab to unveil its completed Neutron launchpad by end of August

August 8, 2025 9:27 am Robert Zimmerman

As part of a series of press releases in connection with the release of Rocket Lab’s second quarter financial report, the company announced that it is inviting shareholders to enter a sweepstakes for attending the official opening of its just completed launchpad at Wallops Island for its new Neutron rocket.

According to the announcement, the opening is scheduled for August 28, 2025.

Rocket Lab will randomly select ten (10) eligible entrants to win admission to the event. Eligible entrants are limited to U.S. citizens who are at least 18 years old and shareholders of Rocket Lab. Winners are responsible for their own travel and accommodation costs, and any other costs and expenses associated with traveling to and attending the event

The sweepstakes is a fun idea, but what is really significant is that the company appears to be continuing to meet its schedule for a first launch of Neutron before the end of 2025. If so it will be a major achievement, considering the company began work on this rocket in December 2021. To go from a blank sheet to launch in only four years is unprecedented. Normally it takes about twice as long to get a rocket to the launchpad.

Even if the launch date slips into the first quarter of 2026 the achievement will be spectacular.

Rocket Lab’s 2nd quarter financial report appears bright as well, noting a 36% increase in revenues from the previous year. While its rocket division continues to ramp up launches, the company has also done well diversifying into other space areas, from low Earth orbital constellations to deep space technology.

Azerbaijan officials hold cooperation talks with SpaceX

August 8, 2025 9:10 am Robert Zimmerman

In connection with the visit of Azerbaijan’s president to the United States, he and other officials held a meeting with SpaceX vice president Stephanie Bednarek to discuss possible areas of cooperation. From Azerbaijan’s state-run press:

At the meeting, we noted Azerbaijan’s economic potential, strategic development directions, and favorable investment climate. We discussed prospects for cooperation with SpaceX, including partnership opportunities in the application of innovative and space technologies, artificial intelligence solutions, and knowledge and experience transfer.

In plain language, Azerbaijan is considering buying services from SpaceX. That it is doing so underlines once again the negative consequences of Putin’s invasion of the Ukraine. Azerbaijan now fears Russia, and is looking elsewhere for aid. It also senses Russia’s increasing weakness, economically, technologically, and militarily, making it more willing to forge alliances with others.

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ULA’s CEO provides update on Vulcan and the company’s launch plans

August 8, 2025 9:03 am Robert Zimmerman

Link here. ULA’s CEO Tory Bruno outlined the overall state of the company’s launch plans, including its goal of ramping up the launch rate by the end of this year to what Bruno had hoped to achieve at this start of 2025.

ULA anticipates a robust schedule, aiming for about two launches per month across its Atlas and Vulcan fleets in 2025 and 2026, “unless something interesting happens.”Bruno expressed confidence in achieving nine launches this year, bolstered by the completion of a new Vertical Integration Facility (VIF) and Mobile Launch Platform (MLP), enabling parallel rocket assembly.

In December 2024 Bruno had predicted the company would complete 20 launches in 2025. Right now it has only completed two launches (one each for Vulcan and Atlas-5). Getting up to 9 launches by the end of this year will require it to go from one launch every four months to two launches per month, and do so immediately. In its entire history the company has never come close to achieving that launch pace. The best it ever did was 16 launches in 2009.

That pace will also rely on Blue Origin delivering enough BE-4 engines for Vulcan’s first stage. According to Bruno, Blue Origin is now getting it done, and “might be an engine or two ahead.”

Much more at the link>

Intuitive Machines buys long-established space navigation company Kinetx

August 7, 2025 3:06 pm Robert Zimmerman

The lunar lander startup Intuitive Machines has now acquired the long-established deep space navigation company Kinetx, based in Arizona.

With a heritage of supporting NASA and National Security Space missions, and as the only commercial company certified by NASA for deep space navigation, KinetX provides flight dynamics capabilities for both lunar and interplanetary missions. Its proprietary navigation software stack has supported both of Intuitive Machines’ lunar missions to date.

Despite the failure of two lunar landers, both of which tipped over upon landing, Intuitive Machines is still alive. It has more lunar landers in the pipeline, as well as a returnable capsule for space manufacturing.

Hat tip BtB’s stringer Jay. Because every single link he sent me today was newsworthy enough to become a full post, there won’t be a quick links to follow.

India’s Chandrayaan-2 lunar orbiter photographs Intuitive Machines’ Athena lander

August 7, 2025 2:27 pm Robert Zimmerman

Click for source.

India’s Chandrayaan-2 lunar orbiter has now produced a new high resolution image of Intuitive Machines’ Athena lander, sitting on its side inside a small crater near the Moon’s south pole.

The IM-2 ‘Athena’ lander attempted a soft touchdown near the Moon’s South Pole on 6 March, 2025. Although the lander remained intact, it failed to reach its intended landing spot and ended up tipping over on its side inside a crater.

In the … images taken by the OHRC instrument on board the Chandrayaan-2 Orbiter, the Athena lander can be clearly seen lying on its side inside a crater.

This image, posted to the right, compares very favorably with the photos taken by Lunar Reconnaissance Orbiter (LRO) in March 2025. The lander’s legs can clearly be seen sticking out toward the top of the picture.

Hat tip BtB’s stringer Jay.

Virgin Galactic delays first flight of its new suborbital craft while cutting workforce

August 7, 2025 10:50 am Robert Zimmerman

Virgin Galactic has trimmed its work force by 7% even as it announced a delay in the first flight of its new Delta suborbital spacecraft from this summer to the fall.

Virgin Galactic Holdings Inc. cut 7% of its workforce as it works to bring to market an upgraded spaceplane central to its plans to expand suborbital tourism and research operations.

The Richard Branson-founded company plans to resume private space tourism trips in the autumn of 2026 after its Delta spacecraft’s first commercial flight, a research mission that was delayed from summer 2026 to also occur in the fall.

It still remains to be seen whether the business model for suborbital hops is viable and profitable. Blue Origin’s New Shepard has been flying somewhat regularly, and appears to have a customer base, but whether it is making a profit remains unknown. Virgin Galactic is deep in the red, and has done no flights for several years as it builds a new spacecraft. Both face stiff competition from the orbital market, which offers a much better product though at a much higher price.

Italy to fly experiments on first Starship flights to Mars

August 7, 2025 10:31 am Robert Zimmerman

According to a tweet by SpaceX’s president and chief operating officer Gywnne Shotwell today, the Italian Space Agency (ASI) has signed an agreement to fly experiments on first Starship flights to Mars that will carrying customer payloads. She quoted a tweet by ASI’s president, Teodoro Valente:

ASI_Spazio and SpaceX have signed a first-of-its-kind agreement to carry Italian experiments on the first Starship flights to Mars with customers. The payloads will gather scientific data during the missions. Italy continues to lead in space exploration!

Little other information has yet been released, but expect more details in the coming days.

UPDATE: ASI’s press release on August 8th added this detail:

The payloads will include a plant growth experiment, a weather monitoring station and a radiation sensor. The goal is to collect scientific data in the approximately six-month interplanetary flight phase from Earth to Mars and then on the Martian surface.

Hat tip to reader Gary.

Acting NASA head Duffy reshapes NASA’s space station plans

August 7, 2025 9:36 am Robert Zimmerman

Sean Duffy, transportation secretary and interim
NASA administrator

Earlier this week NASA’s interim administrator Sean Duffy issued a new directive [pdf] that fundamentally reshaped the agency’s space station program in how it will fund and operate the private commercial space stations now under development.

Under the present plan, NASA had issued development contracts to three proposed commercial stations, with a major contract award expected next year to one of the four companies/consortiums that are bidding. Duffy instead wants NASA to fund all the stations in an open-ended manner.

Instead of moving forward in Phase 2 with a firm fixed price contract for [commercial station] certification and services, NASA will continue to support U.S industry’s design and demonstration of [commercial stations] with multiple funded SAAs [Space Act Agreements] for the next phase. NASA will shift the formal design acceptance and certification planning acceptance from this SAA phase to a follow-on certification phase.

Utilizing SAAs for the next phase better aligns with enabling development of US industry platforms. It provides greater resources for industry to align schedule with NASA’s needs. SAAs also provide more flexibility to deal with possible variations in funding levels without the need of potentially protracted and inefficient contract renegotiations.

SAAs are generally fixed price, but the structure Duffy is establishing appears to allow NASA to supplement these contracts endlessly, making them a kind of hybrid cost-plus deal. It also aims at supporting “a minimum of two, preferably three or more” of the private stations under development.

Duffy’s shift to SAAs will also give the private stations more design and operational freedom, as SAAs shift responsibility and ownership to the company, not NASA. The arrangement will also likely require a larger investment by the companies, though this is not clear in Duffy’s directive.
» Read more

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Firefly’s stock sells at price higher than expected

August 7, 2025 8:54 am Robert Zimmerman

Firefly began selling stock to the public today on the Nasdaq stock market, with the price per share immediately rising to $45 per share, above the expected range of $41-$43, suggesting it could raise as much as$868 million in investment capital.

The strong interest in the stock by investors suggests there is great confidence in the company’s future, following the successful landing of its Blue Ghost lunar lander earlier this year. It has won a total of four lander contracts from NASA. The company also has won both commercial and NASA contracts in connection with its Elytra orbital tug. It has had mixed results with its Alpha rocket, experiencing both launch failures as well as successes, but it is also developing a larger rocket in partnership with Northrop Grumman.

This enthusiasm is noteworthy in that the company is not yet in the black, though its revenues have been increasing.

For the quarter that ended in March, Firefly reported a net loss of about $60.1 million, widening from $52.8 million in the year-ago period. Revenue jumped sixfold to $55.9 million from $8.3 million. Its backlogged totaled about $1.1 billion.

Overall it appears Firefly’s future is solid, suggesting it will join SpaceX and Rocket Lab as a major new space player in the coming years.

Astroscale awarded patent for its space junk removal technology

August 6, 2025 9:03 am Robert Zimmerman

Astroscale’s patented design. Click for original.

The Japanese orbital tug and space junk removal startup Astroscale was awarded a U.S. patent in late July for its space junk removal technology.

Under this new patented method, the servicer docks with a debris object (the “client”) and transfers it to a reentry shepherd vehicle in a lower orbit. Once the client is docked with the shepherd, the servicer separates and proceeds to engage a new client, while the shepherd safely guides the initial client into Earth’s atmosphere for reentry. This process repeats, allowing the servicer to remove multiple large debris objects over the course of its mission.

Astroscale’s architecture also supports flexible mission profiles: the shepherd can remain docked through reentry, undocked after performing reentry insertion and returned to orbit, or in some cases, missions can proceed without a shepherd vehicle at all. This adaptability is essential in addressing the diverse size and risk profile of objects in orbit.

The company notes that this technology, which the image suggests will use robot arms to grab its targets, will allow its spacecraft to remove not only inactive satellites that were launched with docking equipment already attached but also rocket bodies and older satellites without that docking capability.

NASA awards small orbital tug study contracts to six companies

August 6, 2025 8:35 am Robert Zimmerman

NASA yesterday awarded six companies small study contracts in connection with orbital tug operations, with some to study using their rocket upper stage for this purpose while others to see how they can refine the use of their tugs.

The press release was not entirely clear on how much money was involved in each contract, though in each case the amounts are relatively small.

The firm-fixed-price awards comprise nine studies with a maximum total value of approximately $1.4 million. The awardees are:

Arrow Science and Technology LLC, Webster, Texas [tug study]
Blue Origin LLC, Merritt Island, Florida [both tug and upper stage studies]
Firefly Aerospace Inc., Cedar Park, Texas [tug study]
Impulse Space Inc., Redondo Beach, California [tug study]
Rocket Lab, Long Beach, California [both tug and upper stage studies]
United Launch Services LLC, Centennial, Colorado [upper stage study]

The studies are expected to be finished by September 2025, and will be used by NASA to determine how it will get some of its future spacecraft to their intended orbits.

Echostar issues contract to build satellites for direct-to-phone constellation

August 1, 2025 1:19 pm Robert Zimmerman

Echostar has awarded the satellite company MDA Space a $1.3 billion contract to build the first 100 satellites in its proposed direct-to-phone constellation that will compete directly with the constellations of SpaceX’s Starlink and AST SpaceMobile.

The initial contract, valued at approximately US$1.3 billion (approx. C$1.8 billion), includes the design, manufacturing and testing of over 100 software-defined MDA AURORA™ D2D satellites. With contract options, enabling a full initial configuration of a network of over 200 satellites, the value of the contract would increase to an approximate total value of US$2.5 billion (approx. C$3.5 billion). EchoStar envisions future growth to thousands of satellites, as demand requires, to provide global talk, text and broadband services directly to standard 5G handheld devices.

The constellation will be fully compliant with the newly created NTN and 3GPP standards, allowing EchoStar to provide messaging, voice, broadband data, and video services upon launch to all phones configured to this standard, without modifications. Additionally, the constellation will connect to an array of sensor and mobile vehicles.

All three constellations are designed to provide cell service in areas where there are no cell towers. The satellites themselves become the cell towers, in orbit.

Since most people today access the internet via their smartphones, I can see these direct-to-phone constellations eventually becoming the prime method for accessing the web. Why have a separate provider for your web services when these constellations can give you that as well as phone service. It is for this reason I suspect Echostar is jumping on the bandwagon.

This move also suggests the older Starlink and Kuiper constellations, that only provide web service, are going to eventually get superseded. For Starlink this isn’t really a threat, as it is already beginning the transition to this new technology and can likely shift its millions of customers to it easily when the time comes. For Amazon’s Kuiper constellation, however, it appears it might be arriving too late in the game.

More proof that in capitalism speed is essential. Amazon has simply moved too slowly in launching its constellation.

Hat tip Btb’s stringer Jay.

Endeavour launched successfully, carrying four astronauts to ISS

August 1, 2025 9:03 am Robert Zimmerman

SpaceX’s Endeavour Dragon capsule has been successfully placed in orbit carrying four astronauts to ISS, its Falcon 9 rocket lifting off from Kennedy in Florida.

This is Endeavour’s sixth flight. It will dock at ISS in the early hours tomorrow. The first stage completed third flight, landing back in Florida.

The leaders in the 2025 launch race:

96 SpaceX
41 China
10 Rocket Lab
9 Russia

SpaceX now leads the rest of the world in successful launches, 96 to 71.

SpaceX launches 19 more Starlink satellites

July 31, 2025 3:35 pm Robert Zimmerman

Only a few hours after it scrubbed the launch of its Endeavour capsule carrying four astronauts to ISS because of weather at Kennedy in Florida, SpaceX proceeded to successfully launch 19 more Starlink satellites, its Falcon 9 rocket lifting off from Vandenberg in California.

The relatively low number of Starlink satellites on this launch appears related to the higher orbit in which they were placed. The first stage completed its 27th flight, landing on a drone ship in the Pacific. SpaceX now has four boosters that have flown more than 25 times, respectively 29, 27, 26, and 26.

The leaders in the 2025 launch race:

95 SpaceX
41 China
10 Rocket Lab
9 Russia

SpaceX now leads the rest of the world in successful launches, 95 to 71. Meanwhile, the manned Endeavour launch has now been rescheduled for tomorrow morning.

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The word that best describes our present NASA lunar program is “delusional.”

July 31, 2025 12:16 pm Robert Zimmerman

Artemis, a program based on fantasy

Increasingly it appears everyone in Congress, the White House, and NASA, as well as our bankrupt mainstream press, has become utterly divorced from reality in talking about NASA’s Artemis lunar program. The claims are always absurd and never deal with the hard facts on the ground. Instead, it is always “Americans are piorneers! We are great at building things! We are going to beat China to the Moon!”

An interview of interim NASA administration (and Transportation secretary) Sean Duffy yesterday on the Sean Hannity Show made all these delusions very clear. First Hannity introduced Duffy by stating with bald-faced ignorance that “NASA has a brand-new program. It is called Artemis that aims to get astronauts back on the Moon in the next couple of years.”

I emphasize “brand-new” because anyone who has done even two seconds of research on the web will know that Artemis has existed now for more than a decade. Hannity illustrates his incompetence right off the bat.

Duffy then proceeds to insist that the next Artemis mission, dubbed Artemis-2, will fly in April 2026 and send four astronauts around the Moon, followed by the Artemis-3 manned landing one year later.

Being an incompetent member of the propaganda press, Hannity of course accepts these claims without question. He fails to question Duffy about the serious issues with the Orion heat shield, which experienced extensive unexpected damage that is still not understood during its return on the first Artemis mission in 2022.

Nor does either Duffy or Hannity mention the fact that for Artemis to land humans on the Moon SpaceX’s Starship not only has to become operational for human passengers, it needs an in-orbit refueling capability that does not yet exist. I have full confidence that SpaceX will eventually succeed in achieving these benchmarks, but I also doubt it will be able to do it by mid-2027, as claimed by Duffy.

Duffy and Hannity however are not alone in living in this dream world. » Read more

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California Coastal Commission to reconsider SpaceX’s Vandenberg launch proposal

July 31, 2025 10:12 am Robert Zimmerman

The California Coastal Commission has now scheduled a meeting on August 14, 2025 to reconsider SpaceX’s request to double its launch rate at Vandenberg Space Force Base from 50 to 100 launches per year.

Though it has no real authority over the base, and though the Space Force has indicated it has no objections to SpaceX’s proposal, the commission rejected that increase in a 6-4 vote in October 2024, but did so not because the commissioners thought it would harm California’s beaches, but because they did not like Elon Musk’s endorsement and campaigning for Donald Trump during the election campaign.

SpaceX has subsequently sued, with a judge ruling two weeks ago that the suit can go forward. Based on the statements made by commissioners in October, SpaceX has an excellent case, and will likely win in court.

It appears the commission is now acting to possibly stave off that suit. The article at the link also notes that the make-up of the commission has changed since that October meeting, with at least one of the commissioners who expressed the most hate against Elon Musk, Gretchen Newsom, is no longer a member.

At the same time, the hostility to Musk and SpaceX for environmental reasons appears to still exist within the commission. Either way, in the end SpaceX’s launch rate at Vandenberg is going to increase, since the military is agreeable to the change.

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Ontario cancels Starlink contract in retaliation to Trump’s tariffs

July 31, 2025 9:28 am Robert Zimmerman

Cutting off your nose to spite your face: The Ontario government yesterday canceled a $100 million Starlink contract it had with SpaceX to provide internet service to remote areas, doing so in retaliation to Trump’s tariffs.

Ontario Premier Doug Ford threatened to cancel the contract in February if U.S. tariffs on Canadian goods were imposed. He killed the deal in March when U.S. President Donald Trump moved ahead with tariffs. “It’s done, it’s gone,” Ford said at the time. “We won’t award contracts to people who enable and encourage economic attacks on our province … and our country.”

…Ford’s cancellation of the deal came as part of a suite of measures in retaliation to Trump’s tariffs. He pulled American booze off the shelves of LCBO stores in March and has said the U.S. booze ban will be kept in place until Trump removes his tariffs on Canada. Ford also banned American companies from bidding on $30 billion worth of procurement contracts the province awards each year. He also banned U.S. companies from bidding on contracts related to his $200-billion infrastructure plan to build highways, tunnels, transit, hospitals, and jails.

It appears the province had to pay SpaceX a penalty for canceling the contract, but the amount has not been revealed. The cancellation also leaves those rural areas stranded, as the government presently has no alternative service to offer.

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Launch of next manned mission to ISS on Falcon 9 and Endeavour capsule

July 31, 2025 9:00 am Robert Zimmerman

UPDATE: At T-minus one minute the launch was scrubbed due to weather.

I have embedded the live stream of the launch of today’s manned mission to ISS on Falcon 9 and Endeavour capsule. This will be the sixth flight of Endeavour, carrying four astronauts.

» Read more

Next Starship moves to launchpad for static fire testing

July 30, 2025 9:16 am Robert Zimmerman

SpaceX has now finished work adapting the Boca Chica launchpad for Starship and has installed the next Starship prototype there for static fire testing prior to the tenth orbital test flight expected in the next few weeks.

The pad is normally configured for Superheavy. SpaceX engineers have quickly jury-rigged it to fit Starship to it for static fire tests because the normal Massey test stand was badly damaged in an explosion during static fire tests of the previous prototype in June.

With this setup, SpaceX is going to be able to static fire a ship on Pad 1 (A). SpaceX will likely do some quick pressure and leak checks; however, no tanking tests appear to be planned. SpaceX seems confident enough in this setup that crews are aiming for a static fire on Wednesday, July 30, and a second static fire on Thursday, July 31. Both of these days have testing closures set for 7 am – 7 pm CDT.

If these go as planned and there are no issues, which, considering how makeshift this setup is, would be a massive achievement. Once its engine testing is completed, SpaceX will roll Ship 37 back to Mega Bay 2 for final work and return the pad to launch configuration; this process could take approximately two weeks.

The company will then do its standard static fire tests of Superheavy, stack Starship on top, and be ready for launch, hopefully by mid- to late August.

This Starship is one of the last two version-2 Starships being prepped for test flights. After they have flown, the company will move to version-3, which hopefully will have a better flight success record than version-2.

Thales Alenia ships the orbit insertion module for the Mars sample return mission

July 30, 2025 8:59 am Robert Zimmerman

Though the entire project remains in limbo at NASA and might be cancelled, the European aerospace company Thales Alenia this week completed construction of the orbit insertion module for the Mars sample return mission that will place the orbiter — also built by European companies — in Mars orbit and will eventually bring the samples back to Earth.

On 28 July, Thales Alenia Space announced that the module had passed its test campaign with “excellent results.” According to the update, the company had packed and shipped the Orbit Insertion Module from its Turin facilities to Airbus in Stevenage a few days earlier. The delivery marks a key milestone in the development of the Mars Return Orbiter.

The broader Earth Return Orbiter project passed a key milestone in July 2024 with the completion of the Platform Critical Design Review. This review confirmed the performance, quality, and reliability of the mission’s systems. With its successful conclusion, Airbus advanced to full spacecraft development, including the integration and testing of its various components, among them the Orbit Insertion Module.

Under the project’s present very complex design, NASA is supposed to provide the ascent rocket and capsule to bring the samples to Europe’s return orbiter. At the moment it is unclear who will build this, or even if it will ever get built. Thus, Europe might be building a very expensive Mars orbiter with no clear mission.

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Firefly wins new NASA lunar lander contract, worth $176.7 million

July 30, 2025 8:52 am Robert Zimmerman

NASA announced yesterday that it has awarded Firefly a $176.7 million contract to use the company’s Blue Ghost lunar lander to deliver two rovers and three other science instruments to the Moon’s south pole region.

Under the new CLPS task order, Firefly is tasked with delivering end-to-end payload services to the lunar surface, with a period of performance from Tuesday to March 29, 2030. The company’s lunar lander is targeted to land at the Moon’s South Pole region in 2029.

This is Firefly’s fifth task order award and fourth lunar mission through CLPS. Firefly’s first delivery successfully landed on the Moon’s near side in March 2025 with 10 NASA payloads. The company’s second mission, targeting a launch in 2026, includes a lunar orbit drop-off of a satellite combined with a delivery to the lunar surface on the far side. Firefly’s third lunar mission will target landing in the Gruithuisen Domes on the near side of the Moon in 2028, delivering six experiments to study that enigmatic lunar volcanic terrain.

One of the rovers is being built in partnership with Canada.

SpaceX launches 28 more Starlink satellites

July 29, 2025 9:08 pm Robert Zimmerman

SpaceX this evening successfully placed 28 more Starlink satellites in orbit, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

The first stage completed its 26th flight, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

94 SpaceX
39 China
10 Rocket Lab
9 Russia

SpaceX now leads the rest of the world in successful launches, 94 to 68.

Gilmour’s first launch a failure

July 29, 2025 4:55 pm Robert Zimmerman

Click for video, cued to just before launch.

The first launch of the Australian rocket startup Gilmour Space’s Eris rocket ended in failure today when the rocket started drifting sideways after rising about 150 feet and then crashing near the launchpad.

The picture to the right is a screen capture from an independent live steam of the launch posted on youtube by Aussienaut, captured about 20 seconds after liftoff. The red dot indicates the location of the launchpad where the rocket took off to make clear the rocket’s sideways motion. Ten seconds after this, the rocket fell to the ground and exploded.

This launch attempt was the first ever by a private commercial Australian rocket company, so the failure itself is not surprising. It was also the first orbital test launch from a privately owned Australian spaceport. Whether the company has the resources to recover remains to be seen, but I suspect it will try again.

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Starlab partners with the interior design company Journey

July 29, 2025 3:12 pm Robert Zimmerman

The Starlab design in 2025. Click
for original image.

The consortium designing the commercial Starlab space station has now signed a partnership deal with the interior design company Journey for the latter to design the station’s habitable interior.

Journey brings a deep portfolio of globally recognized projects, including the Sphere in Las Vegas, the Empire State Building observatory in New York City and the Sun Princess Dome for Princess Cruises. The agency will be working closely with Hilton, one of the original strategic partners in the Starlab program, designing the Starlab hospitality and crew experience. Journey’s role adds a vital layer of design and experiential innovation, shaping a space that reflects both function and humanity.

Much of the press release is similar blather. It is good that Starlab is thinking about making the living space in its station “both a cutting-edge research platform and a welcoming, livable habitat,” but this deal doesn’t include any actual design work. Apparently nothing concrete will be done until Starlab wins the big NASA construction project — assuming it does so. Thus, I still rank Starlab low in my rankings of the four commercials stations being built or proposed, but this deal has convinced me to raise its ranking above Orbital Reef. Both have built little, but Starlab is at least making a lot of partnership deals with others, strengthening the quality of its team.

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 four tourist flights to ISS, with the fourth carrying government 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.
Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with an extensive partnership agreements with the European Space Agency and others. It recently had its station design approved by NASA, but it has built nothing. The company however has now raised $383 million in a public stock offering, which in addition to the $217.5 million provided by NASA gives it the capital to begin some construction.
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.

Hat tip to BtB’s stringer Jay.

Firefly hopes to raise more than $600 million in initial stock offering

July 29, 2025 9:03 am Robert Zimmerman

The rocket startup and lunar lander company Firefly yesterday posted details about its initial public stock offering, designed to hopefully raise more than $600 million.

Firefly Aerospace, a market leading space and defense technology company, today announced that it has launched the roadshow for its proposed initial public offering of 16,200,000 shares of its common stock. In addition, Firefly intends to grant the underwriters a 30-day option to purchase an additional 2,430,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $35.00 and $39.00 per share.

The company stated it would use the money “to repay outstanding borrowings under its credit agreement, pay any accrued and unpaid dividends on certain series of its preferred stock, and for general corporate purposes.”

The company has not yet announced the date when this stock offering will become available for purchase.