Tag: capitalism

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

9:27 am

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.

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Azerbaijan officials hold cooperation talks with SpaceX

9:10 am

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

9:03 am

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.

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Intuitive Machines buys long-established space navigation company Kinetx

3:06 pm

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.

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

2:27 pm

Athena as seen by Chandrayaan-2
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.

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

10:50 am

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.

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Italy to fly experiments on first Starship flights to Mars

10:31 am

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.

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Acting NASA head Duffy reshapes NASA’s space station plans

9:36 am

Sean Duffy
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

8:54 am

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.

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Astroscale awarded patent for its space junk removal technology

9:03 am

Astroscale's patented design
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.

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NASA awards small orbital tug study contracts to six companies

8:35 am

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.

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

1:19 pm

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.

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