Tag: commercial

Astra scrambling to find investors as its cash reserves dwindle

9:27 am

Despite a major reorganization, including laying off a quarter of its workforce, Astra now appears to be scrambling to find new investors even as its available cash reserves shrink.

The company’s financial runway is diminishing even as the company finds new sources of capital, such as a loan announced Aug. 4 that will provide Astra with $10.8 million and plans announced in July to sell up to $65 million in Astra stock in an “at-the-market” transaction. The company forecasted an adjusted EBITDA loss of $25 million to $29 million in the third quarter, ending the quarter with $15 million to $20 million of cash and equivalents on hand.

One analyst on the call expressed frustration with those projections, asking Astra executives for the “upside” of the company’s plans. Kemp emphasized the backlog of orders for its thrusters, which Astra said Aug. 4 was valued at $77 million, as well as orders from the U.S. Space Force and the Defense Innovation Unit for the Rocket 4.

However, he suggested the company’s efforts to focus on thruster production were intended to buy time for Astra as the company looks for new investors. The company said Aug. 4 it was working with PJT Partners, an investment bank, to identify “potential strategic investments in the Astra Spacecraft Engine business” that would bolster its finances. “We are actively focused on finding investors in these two businesses,” he said, noting that the company’s launch and spacecraft propulsion business lines are distinct and “in different phases of their development.”

Essentially the company is approaching a make-or-break moment. What I think is likely to happen is it will either go bankrupt, or be purchased outright by a new big-money investor who will take over the company entirely, replacing its present management with new people.

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Intuitive Machines sets mid-November launch date for its Nova-C lunar lander

9:16 am


Click for interactive map.

Intuitive Machines announced yesterday that the launch of its lunar lander, Nova-C, is now targeting a November 15-20, 2023 window, lifting off on a SpaceX Falcon 9 rocket.

The yellow dot on the map to the right indicates the landing site, Malapert A, in the southern latitudes of the Moon. The white cross indicates the south pole.

The lander had originally planned to launch in 2021, but delays in construction pushed the launch back two years. A second company, Astrobotics, has its own lander, Peregrine, that though also delayed two years, has been ready to launch since early this year. It won’t launch until the end of this year at the earliest, however, due to delays in readying its rocket, ULA’s Vulcan on its first flight.

Both India’s Chandrayaan-3 and Russia’s Luna-3 are right now on their way to the Moon, with each planning a landing next week.

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Busby Berkeley – Tap dance sequence from Lullaby of Broadway

6:01 pm

An evening pause: Time for another Berkeley extravaganza. This except is only a small part of the full thirteen-plus minute Lullaby of Broadway number in the movie Gold Diggers of 1935. This movie was made when the talking pictures were still new, and making films that highlighted “All Talking! All Singing! All Dancing!” was the rage. It was also a time when all Americans danced arm-in-arm as one of their main forms of entertainment, so interest in great dancing like this was at its height.

Hat top Judd Clark.

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Axiom signs deal with Poland and ESA to send Polish astronaut to Axiom’s future space station

9:22 am

Capitalism in space: Axiom last week signed an agreement jointly with Poland and the European Space Agency (ESA) to send Polish astronaut to Axiom’s space station, expected to launch sometime in 2026.

This was the second European astronaut Axiom has signed a deal to fly to space, with the ESA in both cases providing support.

In April 2023, Axiom Space and the Swedish National Space Agency signed a letter of intent to send an ESA astronaut to the ISS. Through this agreement, the upcoming Axiom Space mission, Ax-3 now targeting launch in January 2024, will be the first commercial mission to the ISS to include an ESA project astronaut.

The date for the flight of the Polish astronaut was not announced. Nor is it clear whether this astronaut will fly to Axiom’s first module, attached to ISS, or wait until Axiom’s completes its station and separates from ISS entirely.

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SpaceX launches another 22 Starlink satellites

10:27 pm

In what is turning into routine clockwork, SpaceX tonight completed its fourth launch in only the first ten days of August, placing 22 Starlink satellites into orbit using its Falcon 9 rocket lifting off from Cape Canaveral.

The first stage completed its ninth flight, landing safely on a drone ship in the Atlantic. The two fairings completed their tenth and eleventh flights respectively. At the time of posting the satellites themselves had not yet been deployed.

The leaders in the 2023 launch race:

55 SpaceX
33 China
11 Russia
6 Rocket Lab
6 India

American private enterprise now leads China in successful launches 63 to 33, and the entire world combined 63 to 55. SpaceX by itself is now tied with the entire world (excluding American companies) 55 to 55.

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Update on the development of a new first stage for Northrop Grumman’s Antares rocket

9:01 am

Link here. The first stage of the Antares rocket has previously relied on Russian engines in a Ukrainian-built body. The Ukraine War made getting both impossible, and thus Northrop Grumman hired Firefly to provide it a new first stage, presently targeting mid-2025 for its first flight. In the meantime in order to meet its contractual obligations with NASA, it has hired SpaceX’s Falcon 9 rocket to fly the next three Cygnus freighters to ISS.

The report at the link gets some interesting details about Firefly’s engines and first stage. Both will raise the payload capabilities of Antares, which as yet has failed to garner any commercial payloads outside of Northrop’s own Cygnus capsule. That increase in capability might make it more appealing to commercial satellite companies.

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Smothers Brothers – Hippie Chick Clip

6:01 pm

An evening pause: A wonderful moment from the 1960s, performed brilliantly by actress Leigh French and resulting in some wonderful and gentle satire of the hippie culture of the time. Context is also important, because the Smothers Brothers were constantly having problems with their television censors.

Hat tip Judd Clark.

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Ella Roberts – Wild Mountain Thyme

6:01 pm

An evening pause: I normally dislike music videos like this one, with their fake drama and stagey lip-synched performance, but this song is so beautiful and the visuals match so well that I gladly make an exception this time, especially because I have wanted to post this song as a pause for years, but never could find a version I liked.

Hat tip Alton Blevins.

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NOAA lifts many restrictions on the release of commercial Earth observation images

3:09 pm

As part of a 2020 revision by Commerce to reduce regulations on satellites that monitor the Earth, NOAA has now lifted many of the restrictions it placed on the release of high resolution commercial Earth observation images.

NOAA said it lifted 39 restrictions on an unspecified number of licenses. Those restrictions include a reduction of global imaging restrictions for certain imaging modes and removal of restrictions on non-Earth imaging and rapid revisit. It also removed all temporary conditions on X-band synthetic aperture radar (SAR) imagery.

One of the companies that benefits from the removal of the conditions is SAR imaging company Umbra. The company announced Aug. 7 that, with the removal of the conditions, it can now offer SAR images to customers at a resolution of 16 centimeters, compared to no better than 25 centimeters under the old license conditions. “This means that we are finally able to offer customers the highest resolution images that our satellites are capable of capturing, setting the stage for even further expansion of products to customers,” said Gabe Dominocielo, Umbra’s co-founder and president, in a company statement.

The revision to the regulations, put in place in 2020, had been instigated by the Trump administration, and has apparently been left untouched by the Biden administration, at least up until now.

For the satellite companies it means they are much freer to produce that best imagery, and thus compete more successfully. For customers, it means that they will now have access the best imagery, in open competition. For news outlets attempting to report on things like the Ukraine War, for example, this ability will make it possible to improve the accuracy of the coverage.

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Startup orbital tug company signs deal from startup solar panel company

9:26 am

The new orbital tug company Atomos has now signed a deal with the new solar panel company, Solestial, to use the latter company’s solar panels in its tugs.

Neither company has yet flown anything in space, though both have contracts and demo missions scheduled.

Atomos plans to test a small Solestial photovoltaic panel on an orbital transfer vehicle demonstration set to launch on a SpaceX Transporter rideshare flight in early 2024. Solestial also will supply large solar blankets for two Atomos’ solar-electric OTVs slated to begin flying in late 2024 or early 2025.

Once again, these two companies illustrate the growth in the satellite industry produced by the lowering of launch costs. With less capital required to get to orbit, there is a larger margin for profit, thus encouraging companies with new ideas.

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Japanese startup signs deal to provide its smallsat thrusters to South Korean university

9:20 am

Pale Blue, a Japanese startup which focuses on building water-vapor thrusters for cubesats, has signed a deal with Yonsei University in South Korea to provide that school smallsat thrusters for the satellites built by its students.

“Our mission aims for demonstrating cutting-edge laser communication, orbital maneuvering and formation-keeping,” Sang-Young Park, a Yonsei University astronomy professor, said in a statement. “These thrusters perfectly meet our requirements and offer the advantage of being not only environmentally friendly, but also free from regulatory constraints.”

Pale Blue proved its Resistojet thruster in orbit for the first time in March on a Sony Corp. Star Sphere satellite. Pale Blue plans to establish mass production of Resistojet thrusters to reduce the cost and lead time for potential customers in the United States, Europe and Asia, said Yuichi Nakagawa, Pale Blue co-founder and chief technology officer.

The company is also developing both an ion and hybrid thruster for satellites, and is another example of how the lowering of launch costs has encouraged the arrival of many new space companies doing many different things.

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Dish and Echostar to merge

9:15 am

The communications satellite company Echostar is now merging with the direct broadcast company Dish. From the press release:

The transaction combines DISH Network’s satellite technology, streaming services and nationwide 5G network with EchoStar’s premier satellite communications solutions, creating a global leader in terrestrial and non-terrestrial wireless connectivity. Both companies have strong momentum, highlighted by DISH’s 5G wireless network that now covers more than 70 percent of the U.S. with full commercialization underway and the successful launch of EchoStar’s JUPITER 3 satellite with significant available capacity for converged terrestrial and non-terrestrial services. The combined company will be well-positioned to deliver a broad set of communication and content distribution capabilities, accelerating the delivery of satellite and wireless connectivity solutions desired by customers.

This merger is I think part of the consolidation that is going on among the older players in the communications satellite industry as they struggle to deal with the competition from the new satellites constellations of Starlink and OneWeb.

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Momentus is now selling a version of its orbital tug simply as a service module for satellites

9:09 am

The orbital tug company Momentus has discovered that it can make money selling a version of its orbital tug simply as a service module, or bus, for commercial and military satellites.

The company announced Aug. 2 that it was now offering customers a bus called the M-1000. The bus is similar to the Vigoride orbital transfer vehicle that Momentus has flown three times so far, but without the water-based propulsion system it uses for changing orbits.

The bus emerged from limitations flying hosted payloads on Vigoride, which remain attached to the tug rather than deployed as satellites. Rob Schwarz, chief technology officer at Momentus, said in an interview that the company started gauging interest a year ago in hosted payloads on Vigoride, including from U.S. government agencies. “What we’re finding is that a lot of government customers don’t really want to borrow the bus and lease it, but instead they want to own it,” he said. “Also, in some cases, because of the sensitivity of the payloads they don’t want to share it with other users.”

That led Momentus to instead consider a version of Vigoride that would be a satellite bus sold to customers instead of provided as a service. It uses many of the same subsystems, like avionics and power, as Vigoride. Changes include improved pointing and options for third-party chemical and electric propulsion systems.

This is just good and smart business practice. Momentus has a product that doesn’t appeal to some customers, in its designed iteration. Rather than trying to deny reality, the company quickly accepted the situation and revised its product in a somewhat easy way so it can be sold to those customers.

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Rocket Factory Augsburg raises $33 million in private investment capital

8:59 am

The German startup Rocket Factory Augsburg revealed today that it has raised $32.9 million in private investment capital at the same time it has shifted the launch date for the first rocket launch of its RFA-1 rocket from this year into next.

That launch was scheduled to occur at the Shetland spaceport, Saxavord, and as recently as April 2023 officials there were saying that this launch would occur this year. In June however Rocket Factory signed a deal with France’s space agency to use its long abandoned launchpad in French Guiana. That same month I predicted the launch at Saxavord would not happen this year, possibly because of regulatory hurdles in the United Kingdom.

It appears those hurdles might have been part of the reason for Rocket Factory’s deal with France. It needs a place to launch, and it appears the UK’s government is not presently conducive to allowing such things to happen easily.

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SpaceX successfully launches another 15 Starlink satellites

9:07 pm

I hope this doesn’t bore you: SpaceX tonight successfully used its Falcon 9 rocket to place another 15 Starlink satellites into orbit, lifting off from Vandenberg Space Force Base in California.

The first stage completed its fifth flight, landing successfully on a drone ship in the Pacific. The two fairings each completed their sixth flight. As of posting the satellites have not yet deployed.

The leaders in the 2023 launch race:

54 SpaceX
31 China
10 Russia
6 Rocket Lab
6 India

American private enterprise still leads China in successful launches 62 to 31, and the entire world combined 62 to 52, while SpaceX by itself leads the world (excluding American companies) 54 to 52.

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REO Speedwagon – Roll With the Changes

6:01 pm

An evening pause: A 1978 music video.

Hat tip Blair Ivey, who notes “The lyrics suggest a man asking a woman to leave her current relationship,
but the metaphor could be extended to the nascent ‘What the heck are you doing to my country?!!'”

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Boeing delays first manned Starliner flight again, until March of 2024

4:21 pm

Because of both parachute and wiring issues in its Starliner capsule, Boeing revealed today that it is delaying the first manned Starliner flight again, until March of 2024, so that it has time to change and test the parachutes as well as remove the flammable tape inside the capsule.

The company had been hoping to finally fly that first manned flight last month, but was forced to cancel when in June it discovered two shocking problems. First the connections between the parachutes and the capsule were too weak, and second, for some reason engineers had used tape to protect the capsule’s wiring that was too flammable and had to be replaced or covered somehow.

Boeing is taking the tape off in places where it’s easy and safe to do so and considering other remediation techniques, such as protective barriers or coatings over it, in trickier spots, Nappi said.

The parachute work is multifaceted as well. For example, Boeing has modified the soft link design to make it stronger, and the new version is being manufactured now, Nappi said. The company also decided to swap out Starliner’s parachute system, putting a new version slated for the first operational mission on board for [the crew flight test]. The new soft links will be incorporated into the new chutes, which will get to strut their stuff during a drop test soon. “We expect that the drop test will occur in mid to late November,” Nappi said. “That’s what the planning indicates at this point, and we’ll watch that closely.”

The seemingly endless number of mistakes and bad engineering that we have seen during the development of Starliner speaks very badly of Boeing in almost every way possible. These last two problems are especially egregious. Neither should have ever happened, and if so should never had been unnoticed until a mere month before launch and years into the project.

It must also be noted that March ’24 is merely a target date. Don’t bet the house on it happening then.

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