Tag: commercial

Virgin Galactic trims staff and spending

9:08 am

Despite having completed its fifth commercial suborbital flight on November 2, 2023, Virgin Galactic announced yesterday that it is laying off staff and cutting spending.

The number of people laid off was not revealed. Supposedly the company has done this as part of its effort to develop an upgraded version of SpaceShipTwo.

The company reported having $980 million of cash and equivalents on hand at the end of the second quarter this year, when it reported a net loss of $134.4 million. The company has not disclosed its estimated costs for development of the Delta vehicles, but said it expected those vehicles to enter service in 2026. The company expects only limited revenue from VSS Unity, which is able to fly monthly carrying up to four customers at a time.

I instead suspect that demand for suborbital flights is dwindling because of the competition from orbital operations. Had this company started flying a decade ago, as promised numerous times by Richard Branson, it would have been ahead of the curve. It didn’t and thus missed the boat.

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SpaceX launches 23 Starlink satellites

8:27 am

SpaceX last night successfully launched 23 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral.

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

The leaders in the 2023 launch race:

80 SpaceX
50 China
14 Russia
7 Rocket Lab
7 India

American private enterprise now leads China 92 to 50 in successful launches, and the entire world combined 92 to 79. SpaceX by itself once again leads the rest of the world (excluding American companies) 80 to 79.

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Three European nations sign deal with Arianegroup for use of Ariane-6

9:12 am

In a separate deal outside of the European Space Agency, Germany, France, and Italy have signed a deal with the private rocket company Arianegroup to use its still unlaunched Ariane-6, assuming the company can reduce costs.

The agreement will provide €340 million ($365 million) of financing a year for Arianespace’s Ariane 6 rocket in exchange for a commitment to an 11% cut in costs. The rocket will also be awarded at least four missions from public institutions a year, while the lighter Vega C launcher will get at least three.

Essentially the deal is intended to keep Ariane-6 afloat, as its high cost has made it difficult to attract customers. At the same time, the contract demands those costs be reduced, and adds pressure to that demand by noting that future and additional launches will be awarded on a purely competitive bidding process. It appears these three countries will open bidding not only to the new rocket startups being developed in Europe, but American rocket companies as well.

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Astra secures temporary investment funding to keep it afloat

8:44 am

Astra announced yesterday that it has secured temporary funding from private sources to cover its shortfall of cash and allow it to secure additional funds to keep it alive. From the second link:

In a statement issued after the close of trading, Astra said that JMCM Holdings LLC and Sherpa Venture Funds II, LLP, which it described as affiliates of two early investors in Astra, agreed to provide $13.4 million in “initial financing” as part of a non-binding term sheet Astra announced Oct. 23 that sought to raise $15 million to $25 million.

As part of the agreement, the investors will purchase the $8 million loan that Astra had from an unnamed institutional investor from August. Astra had defaulted on the terms of the loan agreement last week when its cash reserves dropped below $10.5 million, triggering a $3.1 million payment at a higher interest rate. The investors will also provide a $3.05 million bridge loan due Nov. 17, and purchase warrants for Astra stock.

The company is not out of the woods quite yet. It needs to obtain new investment capital by November 17th, when that bridge loan comes due.

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Sing with me!

6:01 pm

An evening pause: Reggie, the performer, simply sets up on the street and asks passersby to sing with him. This video includes a selection of some singers. From the youtube website:

As a musician, I’m all about creating musical experiences that have people feeling happy and free, and that’s why the “Sing With Me for Free” series exists. Since 2018, I have asked thousands of random people to sing with me on camera. A lot of people have said no, some have said no initially but changed their minds to yes, and some have said yes right away. I ask these people to sing with one purpose: to create a way for them to experience a sense of happiness and freedom they did not feel before. And much of the time, this actually works (and that makes ME happy).

Hat tip Diane Zimmerman

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Commercial hi-res Earth imaging satellite constellations limiting Gaza imagery to the public

9:16 am

Once Israel’s ground campaign into Gaza started the new American private commercial hi-res Earth imaging satellite constellation companies began restricting access to their imagery.

Planet, a San Francisco-based company launched in 2010 by former NASA scientists, has in recent days heavily restricted and obscured parts of images over the Gaza Strip for many users, including news organizations. Last week, some images of Gaza were removed from Planet’s web application for downloading imagery, and some have been distributed to interested media outlets through a Google Drive folder. The satellite company told some subscribers that during active conflicts, it may modify pictures published to the archive.

…Some commercial satellite companies appear to be releasing their detailed images — but with a time delay. Planet and a competitor, Maxar Technologies, have released images shared with the New York Times, Washington Post, and other news outlets on a significant time delay. Starting on Nov. 3, both papers shared exclusive images taken by Planet on Nov. 1. Airbus, another major commercial satellite image provider, has not shared images of Gaza.

It appears the companies have done so for two reasons: First, it appears these companies have actually decided they do not wish to reveal any information that might hurt Israel’s ground campaign. This approach differs significantly from the leftist mainstream American press, which either doesn’t care what harm it does, or is eager to sabotage Israel’s effort.

Second, it appears the companies have been reminded of a 1997 federal law, called the Kyl-Bingaman Amendment, that forbids the release of “imagery of Israel that’s at a higher resolution than what’s distributed by non-US companies.”

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Astra defaults on debt agreement

10:25 am

The rocket startup Astra revealed on Friday that it was unable to meet the requirements of one of its investors that it maintain at least $10.5 million in cash reserves, and thus defaulted on that debt agreement.

Astra twice last month failed to meet minimum cash reserve requirements associated with a $12.5 million note issuance to New Jersey investment group High Trail Capital.

The debt raise first required that Astra have “at least $15.0 million of cash and cash equivalents” on hand. That liquidity requirement was adjusted after Astra failed to prove compliance a first time, to require “at least $10.5 million of unrestricted, unencumbered cash and cash equivalents.” Having fallen out of compliance a second time, Astra now owes $8 million on the aggregate principal investment.

Sadly, it appears the end for this company is coming.

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SpaceX launches 23 Starlink with a 1st stage flying for a record-setting 18th time

5:46 pm

SpaceX today successfully launched 23 Starlink, its Falcon 9 rocket lifting off from Cape Canaveral and using a first stage flying for a record-setting 18th time.

The first stage landed successfully on its drone ship in the Atlantic.

The leaders in the 2023 launch race:

79 SpaceX
50 China
14 Russia
7 Rocket Lab
7 India

American private enterprise now leads China 91 to 50 in successful launches, and the entire world combined 91 to 79. SpaceX by itself is once again tied the rest of the world (excluding American companies) 79 to 79.

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Sierra Space: Tenacity is complete and ready for ground testing

9:50 am

Sierra Space announced yesterday that its reuseable Tenacity cargo freighter, the first of its Dream Chaser mini-shuttles, is now complete and ready shipment to NASA’s test facilities in Ohio for ground testing.

The spacecraft hopefully will fly next year. Though this is four years behind schedule, it signals an important milestone for the company, and suggests its operational pace will pick up afterward. Though its arrival comes very late in ISS’s lifespan, the coming arrival of many private space stations, including Sierra’s own, will likely provide it many customers.

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Musk: Starlink “has achieved breakeven cash flow”

9:45 am

In a tweet yesterday, Elon Musk revealed that Starlink “has achieved breakeven cash flow,” adding that “Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year.”

This means that SpaceX achieved this goal using only its Falcon 9 rocket. Originally the company thought it had to have Starship to get enough satellites into orbit to operate the constellation. Because of delays in developing Starship (right now mostly caused by red tape in the federal government), the company ramped up the launch pace using just Falcon 9, and apparently got the job done.

The profits from Starlink can now be used to further develop Starship and Superheavy, assuming the federal government ever gets out of the way.

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Norway inaugurates its Andoya spaceport

9:39 am

Map of Norway showing Andoya

Norway yesterday announced the opening its new Andoya spaceport in the far north of the country, where it hopes will become a hub for the emerging new commercial launch industry.

The location is indicated by the map to the right, in the Arctic and farther north than any other planned spaceport, making it excellent for satellites going into polar orbit.

The launch base, which eventually will have several launch pads, was built by Norwegian public company Andoya Space, on a site which until now has only been used for firing suborbital scientific experiment rockets.

Spectrum, a two-stage craft capable of carrying up to one tonne and developed by the German start-up Isar Aerospace, is scheduled to be the first rocket to be launched from island which is located near the idyllic Lofoten archipelago.

If Norway’s government works better than Great Britain’s in issuing launch permits, this spaceport will steal all business from the UK’s own two spaceports being built in Scotland.

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Iceland signs Artemis Accords

9:29 am

Though no press announcement was ever released, it appears that Iceland signed the Artemis Accords sometime in October, according to small mention in the the press release announcing the signing of the Netherlands.

The mention was so small I missed it. In fact, so apparently did NASA, as Iceland did not issue its own press release. The U.S. likely found out about the signing through private diplomatic communications.

This brings the total number of nations now part of this American space alliance to thirty-one, as follows: Argentina, Australia, Bahrain, Brazil, Canada, Columbia, Czech Republic, Ecuador, France, Germany, India, Iceland, Israel, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Nigeria, Poland, Romania, Rwanda, Saudi Arabia, Singapore, South Korea, Spain, the United Kingdom, the United Arab Emirates, the Ukraine, and the United States.

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Space Force awards SpaceX and ULA new launch contracts worth $2.5 billion

8:37 am

Space Force yesterday awarded both SpaceX and ULA new launch contracts worth $2.5 billion and totaling 21 launches over the next two to three years.

The final batch of assignments were split almost evenly, according to Col. Doug Pentecost, the deputy program executive officer of the Space Force’s Space Systems Command. ULA received 11 missions, valued at $1.3 billion, and SpaceX received 10 missions, valued at $1.23 billion.

Space Systems Command said the missions are scheduled to launch over the next two to three years. ULA, a joint venture of Boeing and Lockheed Martin, will use its soon-to-debut Vulcan rocket for the 11 missions, while SpaceX will fly seven missions with its Falcon 9 rocket and three missions with its Falcon Heavy rocket.

For SpaceX this award is no surprise. The ULA contract is more puzzling. Supposedly the Space Force was not going to award any launch contracts for ULA’s new Vulcan rocket until it successfully launched twice and was certified by the military as operational. Yet, it has now awarded ULA this contract for Vulcan launches. Has the military awarded the contract on a contingency basis? What happens if Vulcan has a failure on one of its first two launches?

The Space Force’s present arrangement limits bidding for launches to just these two companies. If Vulcan fails will it open bidding to other companies, or will it transfer launches to SpaceX?

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The Netherlands signs Artemis Accords

8:26 am

Confirming what it announced in early October, the Netherlands yesterday officially signed the Artemis Accords, becoming the thirtieth nations to join.

The full list of signatories to the Artemis Accords is now as follows: Argentina, Australia, Bahrain, Brazil, Canada, Columbia, Czech Republic, Ecuador, France, Germany, India, Israel, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Nigeria, Poland, Romania, Rwanda, Saudi Arabia, Singapore, South Korea, Spain, the United Kingdom, the United Arab Emirates, the Ukraine, and the United States.

We now have the rough outline of the national alliances that will compete with each other in space. On one hand are the nations above, generally from the west with a larger focus on private enterprise and ownership. On the other hand are the authoritarian nations, led by China and Russia with a few failed communist nations like Venezuela.

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