Capitalism in space: SpaceX officials confirmed yesterday that they now expect the first Falcon Heavy launch to slip into 2018.
They still plan to do the initial but critical launchpad static fire tests in December.
Capitalism in space: In its current round of stock sales SpaceX had raised another $100 million in investment capital.
In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed. That amount has now risen to $449.9 million, a new filing showed on Monday, adding an extra $100 million onto the current fundraising effort.
The latest injection of cash values SpaceX at $21.5 billion, according to Equidate, a platform that facilitates the trading of shares in private technology firms. SpaceX was not immediately available for comment on the valuation when contacted by CNBC.
If I was a big money investor I too would be interested in buying some SpaceX stock. Meanwhile, Aviation Week is reporting that the first Falcon Heavy launch has slipped to 2018. I am not surprised, but I have also not seen any other news reports on this, so I am withholding judgement.
Capitalism in space: Faced with stiff and increasing competition from SpaceX, European governments are finally beginning to realize that their decades of poo-pooing the concept of rocket reusability might have been a big mistake.
In what was likely an unexpected question during a Nov. 19 interview with Europe 1 radio, French Economy and Finance Minister Bruno Le Maire was asked if SpaceX meant the death of Ariane.
“Death? I’m not sure I’d say that. But I am certain of the threat,” Le Maire said. “I am worried.” Le Maire cited figures that are far from proven — including a possible 80% reduction in the already low SpaceX Falcon 9 launch price once the benefits of reusability are realized. “We need to relfect on a reusable launcher in Europe, and we need to invest massively in innovation,” Le Maire said.
Then there was a report out of Germany that has concluded that SpaceX commitment to reusability is about to pay off.
The article also cites those in Europe and with the U.S. company ULA that remain convinced that they can compete with expendable rockets. In reading their analysis, however, I was struck by how much it appeared they were putting their heads in the sand to avoid facing the realities, one of which has been the obvious fact that SpaceX has been competitively running rings around them all. This is a company that did not even exist a decade ago. This year it very well could launch more satellites than Europe and ULA combined.
China today launched three more military reconnaissance satellites with its Long March 2C rocket.
The race for the most launches in 2017 is tightening, with China coming up the rear.
17 Russia
16 SpaceX
13 China
The US itself has a comfortable lead with 27 total launches.
A private company and a volunteer group dedicated to promoting interstellar travel have written a paper [pdf] exploring the possibility of launching a mission to fly past the interstellar object Oumuamua, now speeding out of our solar system.
As they note in the paper’s abstract,
Can such objects be intercepted? The challenge of reaching the object within a reasonable timeframe is formidable due to its high heliocentric hyperbolic excess velocity of about 26 km/s; much faster than any vehicle yet launched. This paper presents a high-level analysis of potential near-term options for such a mission. Launching a spacecraft in a reasonable timeframe of 5-10 years requires a hyperbolic solar system excess velocity between 33 to 76 km/s for mission durations between 30 to 5 years. Different mission durations and their velocity requirements are explored with respect to the launch date, assuming direct impulsive transfer to the intercept trajectory. Several technology options are outlined, ranging from a close solar Oberth Maneuver using chemical propulsion, and the more advanced options of solar and laser sails. To maximize science return decelerating the spacecraft at ’Oumuamua is highly desirable, due to the minimal science return from a hyper-velocity encounter. It is concluded that although reaching the object is challenging, there seem to be viable options based on current and near-term technology.
The paper even considers the use of SLS or SpaceX’s Big Falcon Rocket.
Capitalism in space: Budweiser’s goal to eventually brew beer on Mars will take its next step with the launch to ISS of a beer experiment in December.
To get the ball rolling, the famous beer brand is partnering with the Center for the Advancement of Science in Space, which manages the ISS U.S. National Laboratories, and Space Tango, a payload development company that operates two commercial research facilities within the National Laboratory.
Working with Budweiser’s innovation team, the group will send two barley-based experiments to the ISS as part of the next SpaceX cargo supply mission, scheduled for December 4. Budweiser’s barley seeds will stay in orbit for around a month before returning to Earth for analysis.
Seems right to me.
Capitalism in space: XCOR’s bankruptcy has revealed that the company owed $27.5 million to creditors, the largest of which are government agencies that gave the company money in the hope its operations would bring business to their regions.
Space Florida is the largest secured credit at $3.6 million. The state-run agency’s has a “blanket security interest in personal property.” XCOR had made a deal to manufacture and operate its Lynx suborbital space plane from Florida.
XCOR estimates it spent $25 to $30 million developing the unfinished Lynx. An additional $15 to $20 million would be required to complete the vehicle, according to the documents.
Midland Development Corporation (MDC) has $10 million in unsecured claims. The funding was provided to XCOR to move from its base in Mojave, Calif., to the West Texas city, a process the company did not complete before it filed for bankruptcy earlier this month.
In addition, a private spacesuit company, Orbital Outfitters, appears to have gone of business in connection with this bankruptcy.
The science fiction movie prop Robbie the Robot has sold at auction for $5.3 million, making it the second most expensive movie prop in history.
The complete Robby suit, control panel, his jeep, numerous spares, alternate original “claw” hands, and the original wooden stage shipping crates, were sold yesterday (November 21, 2017 ) by Bonhams in New York for US$5,375,000 including buyers premium.
The only purpose-built movie prop to have ever sold for more is Marilyn Monroe’s “subway dress” from The Seven Year Itch (1955) which was sold by Profiles in History for $5,520,000 (inc. buyers premium) in 2011.
Capitalism in space: According to SpaceX’s CEO, they plan to up their annual launch rate by 50% in 2018, and hope to average 30 to 40 launches per year thereafter.
They also hope to introduce their Big Falcon Rocket (BFR) by 2022, but will continue operations with both the Falcon 9 and Falcon Heavy, if that is what their customers prefer.
An evening pause: Everything about this gives me the creeps.
Hat tip Edward Thelen.
In an auction of space memorabilia on Friday a solid gold replica of an Apollo Lunar Module sold for more than $149K.
It appears that the market for space memorabilia is hot right now.
The head of the the Air Force’s Strategic Command revealed this past weekend that he wants the military to quickly shift its focus to buying small satellite constellations.
As one of nine U.S. combatant commanders, Hyten has a say in how the Pentagon plans investments in new technology. With regard to military satellites, STRATCOM will advocate for a change away from “exquisite” costly systems that take years to develop in favor of “more resilient, more distributed capabilities.” This is the thinking of the new “space enterprise vision” adopted by the Air force and the National Reconnaissance Office, Hyten said. “That vision is about defending ourselves. In that vision you won’t find any of those big, exquisite, long-term satellites.”
“I’ve made a call at U.S. Strategic Command that we’ll embrace that as a vision of the future because I think it’s the correct one,” he added. STRATCOM will “drive requirements,” Hyten noted, “And, as a combatant commander, I won’t support the development any further of large, big, fat, juicy targets. I won’t support that,” he insisted. “We are going to go down a different path. And we have to go down that path quickly.”
Makes sense to me. Not only will the Air Force save money, but their satellite assets will be harder to attack and easier to sustain and replace should they be attacked.
For the satellite industry this shift will accelerate the growth of the smallsat industry, and provide a lot more business for the new smallsat rocket industry that is now emerging.
