Italy’s biggest bank will invest in SpaceX

Italy’s largest bank, Intesa Sanpaolo, announced today that is joining in SpaceX as a private investment partner.

No details of the investment deal were released, but it likely adds a significant amount to the almost $11 billion in investment capital SpaceX has already gotten from the private sector, most of which is being used to develop Starship, Superheavy, and Starlink.

Very clearly, the investment community sees value and large future profits from SpaceX and Elon Musk, and wants to support it. Contrast this with the attitude of the Biden administration and the left, which apparently prefers to squelch this progress for the sake of power.

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India’s government confirms its policy to transition to private enterprise in space

Capitalism in space: In a presentation at the International Astronautical Congress in Baku yesterday, one high official from India confirmed the Modi’s government’s new policy to shift is space industry from government-controlled to privately-run.

โ€œA transition is happening in India. We are moving from ISRO [India’s space agency] being the sole player in the space sector to the private sector taking on a more meaningful role,โ€ Pawan Goenka, chairman of the Indian National Space Promotion Authorization Center (IN-SPACe), said at a forum at the 74th International Astronautical Congress in Baku, Oct. 5.

The Indian government approved the Indian Space Policy 2023 in April this year, which follows a number of developments in recent years. โ€œWhat the Indian Space Policy did was take everything to do with space โ€” satellite communication, remote sensing, space operations, transportation, navigation, everything โ€” and put it into one comprehensive document only 12 pages long,โ€ Goenka said. [emphasis mine]

The highlighted words will sound very familiar to regular readers of this webpage. It describes what NASA has been doing for the past decade, and sums up precisely the recommendations put forth in my 2017 policy paper, Capitalism in Space.

IN-SPACe, the agency Goenka heads, has been tasked with fulfilling this task, and is thus in a direct turf war with ISRO, the space agency that has controlled all of India’s space effort for a half century. How that turf war will play out remains uncertain, though at present IN-SPACe and the Modi government appear to be winning.

It would likely help India’s private industry if the Modi government would make public that 12-page policy statement. So far it has either not released the text, or if it has it has made it impossible for me to find it.

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Stoke Space raises $100 million in private investment capital

The rocket startup Stoke Space, which is developing a radically new engine concept for its rockets, has now successfully raised $100 million in private investment capital.

This investment more than doubles the company’s total funding, which now sits at $175 million. The company also announced the official name of its first rocket: Nova.

The funding round was led by Industrious Ventures with participation from the University of Michigan, Sparta Group, Long Journey, and others. Existing investors Breakthrough Energy, YCombinator, Point72 Ventures, NFX, MaC Ventures, Toyota Ventures, and In-Q-Tel also participated. This latest funding round is evidence of strong demand for Stoke’s services, its growing success, and the confidence of investors in its future. As part of this round of fundraising Steve Angel, Chairman of the Board, Linde plc, will join Stoke’s Board of Directors. Angel is also the former CEO of Linde and a member of the Board of Directors of GE.

The company says it will use this money to develop the rocket’s first stage engines, which will follow the same ring nozzle design of its upper stage, a prototype of which it successfully test flew on a short hop last month. Under that design, the engine doesn’t have one central nozzle, but instead the thrust is funnelled out of a ring of tiny nozzles that circle the stage’s outer perimeter. The company believes this design will allow it to return its upper stage safely from orbit for re-use.

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October 5, 2023 Quick space links

Courtesy of BtB’s stringer Jay.

 

 

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Northrop Grumman abandons its own proposed space station; partners with Voyager’s Starlab

Northrop Grumman today officially confirmed rumors from earlier this week: It is abandoning construction of its own proposed space station and will instead join Voyager Space’s Starlab station project, using an upgraded version of its Cygnus freighter to be the station’s cargo ferry.

As part of this new partnership, Northrop will provide cargo services to Starlab for up to five years. The upgrades will allow Cygnus to dock directly to a station port, rather than rendezvous and get berthed using a robot arm. This upgrade will also make Cygnus a more saleable product for providing cargo to other stations as well, as they come on line.

Northrop Grumman was one of four proposed private space stations projects that won NASA contracts, Axiom in 2020 and the other three in December 2021, with its award fixed at $125.6 million, of which $36.6 million has been paid to the company for meeting specific development milestones. NASA is now going to distribute the rest of that award among the remaining projects after some renegotiations.

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SpaceX successfully launches 22 Starlink satellites

SpaceX tonight successfully launched another 22 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral.

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

The leaders in the 2023 launch race:

70 SpaceX
45 China
13 Russia
7 Rocket Lab
7 India

American private enterprise now leads China in successful launches 81 to 45, and the entire world combined 81 to 72. SpaceX by itself trails the rest of the world (excluding American companies) by only 70 to 72.

SpaceX this year has now matched the record number of launches set by the U.S. in a single year that lasted from 1966 until last year. And it has done this with the year only 3/4s complete. Its goal of hundred launches this year is still well within reach.

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Axiom partners with clothing fashion company Prada on its spacesuit design

Capitalism in space: The commercial space station company Axiom is now partnering with the Italian fashion company Prada to create its lunar spacesuits, being developed under a $228.5 million NASA contract.

Prada will assist Axiom in working on the outer layer of its spacesuit, which has to protect the suitโ€™s inner layers from the space environment, including lunar dust, without hindering its mobility. โ€œWhen it comes to the design side of that piece of it makes a lot of sense because Prada has a lot of experience in the design, the look and feel,โ€ Suffredini said. โ€œMore importantly, thereโ€™s these technological challenges to try to overcome as well.โ€

The article at the first link emphasizes Prada’s experience with high tech fabrics, including composites, but this deal is inspired as much by good public relations. Both companies get some good publicity by this deal.

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NASA awards small study contract to orbital tug company Starfish Space

Capitalism in space: NASA has awarded a small three-month study contract to the U.S. orbital tug company Starfish Space, to consider using its Otter orbital tug to rendezvous and inspect defunct orbital debris.

The award amount was not released, suggesting this is a very small contract designed simply to see if the company’s technology warrants a larger contract.

Some of those features โ€” including Starfishโ€™s Cetacean relative navigation software and its Cephalopod autonomous guidance software โ€” could be tested sometime in the next few months on the companyโ€™s Otter Pup prototype spacecraft, which was sent into orbit in June but was forced into an unfortunate spin during deployment. Starfish stabilized the spin in August and is currently making sure that all of Otter Pupโ€™s systems are in working order for future tests.

NASAโ€™s follow-up contract, awarded through the space agencyโ€™s Small Business Innovation Research program, or SBIR, calls for Starfish to assess the feasibility of using its full-scale Otter satellite servicing vehicle to rendezvous with large pieces of space debris and inspect them.

This contract is comparable in goals to the one NASA issued to Astroscale earlier this week, though much smaller.

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Nova-C ready for launch in mid-November

The Moon's south pole, with Nova-C landing site indicated
Click for interactive map.

Capitalism in space: The commercial lunar lander company Intuitive Machines yesterday unveiled its now ready-for-launch Nova-C lander, set for launch on a Falcon 9 rocket during a six-day launch window beginning on November 16, 2023.

Steve Altemus, chief executive of Intuitive Machines, estimated the odds of success at โ€œupwards of 65% to 75%,โ€ higher than the historical average. Thatโ€™s based, he said, on the experience the company has built up with key technologies on the lander, such as precision landing and its propulsion system.

It is also based on lessons learned from those failed missions. โ€œEach one of those things that we witnessed in terms of anomalies that caused the failures of those missions, we have internalized,โ€ he said. โ€œTherefore, I think our odds are higher.โ€

If successful, Nova-C will land closer to the Moon’s south pole than any previous lander, as shown on the map to the right, and will function like India’s Pragyan rover for one lunar day, about two weeks. It will also land right next to a crater with a permanently shadowed interior, though it will have no way to travel into it. The company also two more lunar lander contracts with NASA, with the second Nova-C mission scheduled for 2024, and a third not yet scheduled.

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Armstrong and Miller – The Art Historian’s Most Clumsiest Moments

An evening pause: Ben Miller of the Armstrong and Miller show does a series of wonderful send-ups of the typical narrator/anchor of public television documentaries. This short skit appears to have been a regular running gag on their show. More funny routines here.

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