Tag: capitalism

ARCA issues statement after arrest of CEO

8:38 am

ARCA has issued a statement following the arrest last week of Dumitru Popescu for embezzlement and fraud.

ARCA Space Corporation will continue the development of its aerospace technology as scheduled. The company has full confidence in CEO Dumitru Popescu and expects him to lead the efforts. Mr. Popescu was charged in New Mexico state courts with alleged embezzlement and securities issues. However, Mr. Popescu maintains his innocence and expects to prevail in court proceedings.

Meanwhile the work of the company will proceed with a goal of presenting a successful aerospike rocket engine.

0 comments

Vector makes deal to launch from Vandenberg

11:06 pm

Capitalism in space: Smallsat rocket company Vector has made a deal with Harris Corporation to use its launch facilities at Vandenberg in California for future launches.

Vector now has arrangements to launch its rockets from Kennedy, from Wallops Island, from Alaska, from the new spaceport in Georgia, and now from Vandenberg. With the rocket designed small enough for easy transportation by truck around the country, this will give them the ability to reach a large variety of orbits while also maintaining a fast launch rate.

0 comments

Virgin Orbit’s LauncherOne wins Defense launch contract

10:53 pm

Capitalism in space: Virgin Orbit’s LauncherOne has won a contract to launch a Defense Department payload.

The details are vague, but the deal appears real. The article also suggests that Virgin Orbit is on schedule to complete its first launch next year.

Its carrier aircraft, a Boeing 747 that was formerly a passenger airliner for Virgin Atlantic, is currently in flight tests after undergoing modifications to accommodate the launch vehicle. A pathfinder version the rocket, meanwhile, has been shipped from the company’s factory in Long Beach, California to Mojave for testing, including static fire tests of both stages.

All evidence now suggests that my prediction one year ago that this Virgin company will make its first operational flight before Virgin Galactic’s SpaceShipTwo, despite being in development only six years, compared to the fourteen years SpaceShipTwo has been under development.

0 comments

Rocket Lab prepares for second test launch of Electron rocket

10:40 pm

Capitalism in space: Rocket Lab’s second test Electron rocket has arrived at the company’s New Zealand launch facility in preparation for the rocket’s second flight.

They hope after several weeks of check-out they will be able to announce a launch date. The launch, though intended entirely as a test, will still carry three commercial cubesats, which Rocket Lab hopes to place in orbit.

For the Google Lunar X-Prize contestant Moon Express this launch is critical. They must launch by the end of March to win the prize, and are dependent on Electron as their rocket.

0 comments

Launch by SpaceX of mysterious Zuma payload delayed indefinitely

10:30 pm

The expected Falcon 9 launch this past week of the mysterious Zuma government payload, built by Northrop Grumman but linked to no government agency, has been postponed indefinitely because of a fairing issue identified during testing for a different customer.

This delay also suggests that this may be an issue that will delay more than one launch, which could effect SpaceX’s effort to achieve 20 launches in 2017.

3 comments

India and China to reduce launch costs

9:31 am

Capitalism in space: In response to the announcement by Chinese officials that they aim to reduce their launch costs in order to attract more commercial business, Indian officials announced that they plan to do the same in order to compete.

Interestingly, the reduced price that China revealed, $5,000 per kilogram, remains about twice that of SpaceX’s estimate per kilogram price for a launch using a reused first stage.

1 comment

Japan to make second launch attempt of world’s smallest orbital rocket

9:44 am

JAXA, Japan’s space agency, has announced that it will make a second launch attempt in December of what would be the world’s smallest orbital rocket.

The rocket, measuring 10 meters long and 50 cm in diameter, will carry a “micro-mini” satellite weighing about 3 kg developed by the University of Tokyo to collect imagery of the Earth’s surface.

The launch scheduled for Dec. 25 will feature the fifth rocket in the SS-520 series. The Japan Aerospace Exploration Agency (JAXA) is hoping small rockets made with commercially available components at low cost will help fuel the growing global demand for micro-mini satellites. JAXA used components found in home electronics and smartphones for the rocket, which is about the size of a utility pole.

The previous launch failed when vibrations during liftoff caused a short-circuit that cut off communications, forcing them to terminate the flight.

2 comments

Billionaire Yuri Milner considering funding mission to Enceladus

9:21 pm

Capitalism in space: Billionaire Yuri Milner, who already funds several astronomy projects aimed at interstellar travel, is now considering funding a planetary probe to the Saturn moon Enceladus.

At the moment all he is doing is holding workshops with scientists and engineers to see if such a mission can be done for an amount he can afford. Considering that Elon Musk’s first concept to send a private probe to Mars, before SpaceX existed, was stopped because of high launch costs, thus becoming the inspiration for SpaceX itself in order to lower those costs, Milner’s private effort might actually be affordable now.

1 comment
1 … 426 427 428 429 430 … 677