Tag: commercial

Rocket Lab delays its private mission to Venus two years to ’25

8:51 am

In order to focus at this time on its commercial customers, Rocket Lab has decided to reschedule its private mission to Venus, delaying its two years to the next launch window in 2025.

The mission appeared to still be on in May, before Rocket Lab quietly put it on the back-burner last month. Spokesperson Morgan Bailey said it had decided to delay the mission so it could concentrate on its commercial launches. “The decision was a business one and we look forward to delivering the Venus mission in 2025,” she said.

It also appears that the mission could be pushed back further if customer demand requires it.

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Indian company Skyroot conducts rocket engine test

11:24 am

Capitalism in space: The Indian rocket startup Skyroot successfully conducted a ten-second static fire test of a new engine, using a test facility of India’s space agency ISRO.

The Modi government has established a policy that ISRO must provide its facilities for private companies to develop their rockets, and this test was another demonstration that this policy is taking hold. It also indicates that Skyroot is getting closer to launching its first orbital rocket, Vikram-1.

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Viking cemetery found at new Saxavord spaceport in Scotland

8:43 am

Archeologists have discovered a Viking “ritual cremation cemetery” about 4,000 years old near the launch site at the new Saxavord spaceport in Scotland.

The burnt bones were found inside an arc of large granite boulders set into pits in the ground. A small platform of white quartz pebbles was also discovered which may have once been linked to a burial. Quartz is often associated with burial tombs in the prehistoric, and covered the entire outside wall of Newgrange in Ireland.

Test launches at Saxavord are expected to begin in the fall, with the first orbital launch next year. This schedule of course assumes launch licenses can be obtained from the UK’s Civil Aviation Authority.

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NOAA pays smallsat company PlanetiQ $60 million for its weather data

9:12 am

Capitalism in space: NOAA today awarded the smallsat company PlanetiQ a $60 million contract to provide the agency weather data from the company’s planned constellation of 20 satellites.

At present two satellites are in orbit, with more scheduled for launch in 2024. The satellites use data obtained in orbit from the different GPS-type satellite constellations to determine the atmosphere’s temperature, pressure, humidity and electron density.

In 2018 NOAA had awarded PlanetiQ and two other commercial companies, Spire and GeoOptics, small developmental contracts. This appears to be the first full contract, and continues NOAA’s very slow shift from building its own weather satellites to buying data from commercial satellites built by private companies. The agency has resisted this change, but since it can’t get its own satellites built and launched on budget or on time, it is increasingly being forced to do so.

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SpaceX launches 15 more Starlink satellites into orbit

9:20 pm

SpaceX tonight successfully launched fifteen more Starlink satellites into orbit, lifting off from Vandenberg Space Force Base in California.

The first stage completed its tenth flight, landing successfully on a drone ship in the Pacific. Both fairings successfully completed their sixth flight.

The leaders in the 2023 launch race:

48 SpaceX
26 China (with a launch also planned for tonight)
9 Russia
6 Rocket Lab
5 India

American private enterprise now leads China in successful launches 55 to 26, and the entire world combined 55 to 45, with SpaceX by itself leading the entire world combined (excluding other American companies) 48 to 45.

An additional note: This was the 100th successful orbital launch in 2023. In the history of space rocketry, reaching 100 launches in a year was generally considered an indication of an active launch year. Now the global rocket industry accomplishes it in just over half the year. Last year set a record with 179 launches. There is now an outside chance of breaking that, topping 200 launches in 2023.

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SpaceX to raise another $750 million in stock sale; earnings rise to $8 billion in ’23

8:49 am

According to anonymous sources, a new stock sale at SpaceX is likely to raise another $750 million because of enthusiasm on Wall Street for the stock due to the company’s growing earnings, which are expected to double to $8 billion this year.

Last week, CNBC reported that Elon Musk’s SpaceX valuation reached nearly $150B following an announcement of a stock sale by existing investors. According to a copy of the purchase offer sent by CFO Bret Johnsen, which CNBC obtained, the company has entered into an agreement with new and existing investors to sell up to $750 million in stock at a price of $81 per share. This represents a 5% increase from the previous secondary sale at $77 per share, which valued the company at approximately $140B. SpaceX has not provided any comments regarding the purchase offer.

Though the article does not say, that revenue comes from two sources, SpaceX’s rocket launches and its Starlink constellation. In the first case the company dominates the launch industry, because its launch price is so much cheaper than everyone else. In the second case, Starlink is producing so much revenue because Elon Musk forced the company to move fast and get its satellites in orbit quickly. Though both SpaceX and Amazon announced their internet constellations at about the same time, Amazon has still not launched any satellites, while SpaceX has more than 4,000 in orbit. This active and operating constellation has allowed SpaceX to grab market share that Amazon is now likely never to get, even when it begins launching.

All this makes SpaceX very appealing to investors, which is why its private stock price has gone up. It is also why it has been able to raise now almost $11 billion in private investment capital for building both Starlink and its Starship/Superheavy rocket.

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