Tag: commercial

Pushback: Paypal’s blacklisting causes it to lose significant business

1:15 pm

Paypal: hostile to freedom

It never pays to antagonize your customers: Paypal announced last week that it is laying off 2,500 workers, a reduction of its work force by about 9%, repeating a similar round of layoffs one year ago.

In other words, the company has shrunk by almost 20% since January 2023. The article notes the following financial issues:

Shares of the payments giant have plunged more than 20% over the past year as earnings faltered and the company lowered its full-year guidance for adjusted operating margin. PayPal named [Chief Executive Officer Alex Chriss] last year to replace Dan Schulman.

PayPal was an early disrupter in the payments industry, but rivals including Apple Inc. and Zelle have since crowded the space, leaving PayPal struggling to keep pace. At least four analysts downgraded the stock this month, citing a range of concerns from rising competition to pressure on profitability.

What the article ignores is the blackballing and censorship by Paypal under the leadership of Dan Schulman that directly antagonized its customer base.
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Status of ULA sale offer, as seen by bankers

12:31 pm

Link here. The article outlines the perspective of the banking community to the sale, relative to the three potential known purchasers, Blue Origin, Cerberus, and Textron.

[M]ost contended that a deal should have been finalized years ago, as SpaceX now dominates the global rocket launch market and has grabbed share from ULA’s best customer, the U.S. military. The sticky part of a sale, those bankers said, is the need for new ownership that can both streamline ULA and invest in further innovation.

The price is another sticking point: Bankers suggested ULA’s owners initially sought more than $4 billion for the company, but the consensus of a reasonable winning bid was in the range of $2 billion to $2.5 billion. As one banker emphasized to me, there’s more competition among heavy launch vehicles like Vulcan today than there was a decade ago, and the rocket’s only just getting going now.

First, it appears that Textron has already dropped out. Second, the reason the sale was delayed was solely the fault of Blue Origin, as delays in delivering its BE-4 rocket engine to ULA caused the first launch of the Vulcan rocket to be delayed years. The sale couldn’t happen until that rocket was proven flightworthy.

The analysis between Blue Origin and Cerberus makes it hard picking either as the likely winner. It suggests that while Blue Origin, as a rocket company, might be able to more quickly take advanage of the ULA’s assets, Cerberus would be a better managerial fit, more able to trim the fat and make ULA more competitive. For sure, Blue Origin shows no ability to trim fat or work fast.

The bankers also indicated a dark horse could still appear.

Hat tip to BtB’s stringer Jay.

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Axiom commercial manned mission to ISS splashes down safely

10:15 am

The four astronauts on Axiom’s third commercial manned mission to ISS successfully splashed down safely today in the Atlantic off the coast of Florida, with SpaceX recovery crews quickly picking them and the capsule Freedom up from the water.

The crew, made up of three European passengers and one Axiom employee, spent 21 days in space, about 17 on ISS. Axiom sold the tickets, and then purchased the ride from SpaceX and the time on ISS from NASA.

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SpaceX denies Russian claim that Starlink terminals sold illegally will work in the Ukraine

9:48 am

Russian media sources have recently claimed that Starlink terminals are being sold illegally to Russians for use in the Ukraine and in Russia near the Ukraine border, where they will supposedly work. SpaceX has now denied that claim.

[A]ccording to a report from Russian media outlet ComNews, vendors have been selling the equipment because it allegedly works near the country’s borders and in Ukraine, including the Russian-occupied regions of Donetsk and Luhansk, along with Crimea.

That’s contrary to the official Starlink map, which shows the internet access restricted in Russian-occupied areas. Still, as evidence, ComNews cites the online pages of several vendors, including one that notes the Starlink dish can be used in the “CBO,” a reference to Russian military operation in Ukraine. Although the Russian military has a ban on using Starlink equipment, some volunteer military troops have been buying it up.

The terminals are supposedly obtained secretly through Dubai. The SpaceX denial on X noted that they would deactivate any unauthorized terminal and that…

Starlink also does not operate in Dubai. Starlink cannot be purchased in Dubai nor does SpaceX ship there. Additionally, Starlink has not authorized any third-party intermediaries, resellers or distributors of any kind to sell Starlink in Dubai.

This story however does raise the long-standing question of how SpaceX can control the use and ownership of its terminals. Once shipped to a legal customer, what is to stop that customer from selling that terminal to anyone who can then ship it and sell it to some third party in a blocked region? SpaceX can probably identify the location of its terminals, and if one is found not to be where it should be, deactivate it. But could smugglers eventually block SpaceX from getting this location data?

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India to do 19 launches through March 2025

9:41 am

India's planned launches through March 2025

According to India’s space bureaucracy IN-SPACe, that nation has planned as many as 19 launches through March 2025.

The image to the right shows the manifest that IN-SPACe released. That agency is tasked with encouraging India’s private and independnt space industry, and it claims that 30 missions in total are planned, with half by commercial companies. This number however includes payloads and suborbital test missions, not just orbital launches. Based on the manifest to the right it appears that 19 of these missions are launches, with six being entirely private launches. One of those private launches, the first of Agnikul’s commercial Agnibaan rocket, will be suborbital.

It thus appears that in 2024 India hopes to complete 14 orbital launches. If so, this would double that nation’s previous record of seven launches in a single year. This schedule is very aspirational, with those six entirely commercial launches likely not all happening as planned.

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Vibration testing of Sierra Space’s Tenacity mini-shuttle completed

9:01 am

NASA engineers have now completed vibration testing of Sierra Space’s Tenacity mini-shuttle, set to launch on a Vulcan rocket later this year.

Reading between the blather in the NASA press release at the link, it appears that testing was successful, proving that the Dream Chaser spacecraft can survive the vibrations of launch. This conclusion by me however remains unconfirmed. Engineers are now preparing the mini-shuttle for environmental testing.

Next up, Dream Chaser will move to a huge, in-ground vacuum chamber that will continue to simulate the space environment Dream Chaser will encounter on its mission. The spaceplane will be put through its paces, experiencing low ambient pressures, low-background temperatures, and dynamic solar heating.

Previously the launch date had been targeting April 2024, according to ULA officials. It now appears, from the vagueness of recent reports, as well as the actual testing now in progress, that the launch date has slipped. They appear to be targeting the first half of 2024, but are as yet unwilling to commit to a date.

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Freedom capsule undocks from ISS with AX-3 commercial crew

10:06 am

SpaceX’s Freedom capsule today undocked from ISS at 9:20 am (Eastern), carrying three European passengers and one commander, with a planned splashdown in the Atlantic off the coast of Florida at 8:30 am (Eastern) on February 9, 2024.

Ax-3 astronauts Michael López-Alegría, Walter Villadei, Marcus Wandt, and Alper Gezeravci will complete 18 days aboard the orbiting laboratory at the conclusion of their mission. The SpaceX Dragon will return to Earth with more than 550 pounds of science and supplies, including NASA experiments and hardware.

Live stream for that splashdown can be found here. The mission is a private one. Axiom sold the tickets, and purchased from SpaceX the Falcon 9 launch and use of its Freedom capsule. It also rented time on ISS from NASA for its crew and passengers.

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SpaceX’s revenue estimate for 2024 is $13.3 billion

10:56 am

According to an independent analysis of SpaceX’s announced launch plans for 2024, the company’s revenue in 2024 is predicted to be somewhere around $13.3 billion, including earnings from Starlink subscribers.

This independent estimate is less than SpaceX’s own projection of $15 billion, but what is important is that the revenue in 2024 equals approximately the total amount of investment capital that SpaceX has raised for Starship/Superheavy and Starlink. Add to this the estimated revenues from 2023, $8 billion, and it appears SpaceX is in a very healthy position to complete the construction of Starship and begin flying it regularly for profit.

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A pin falls off Virgin Galactic’s mother ship during most recent passenger flight

9:14 am

Virgin Galactic has notified the FAA that a pin fell off its Eve mother ship, carrying its SpaceShipTwo Unity suborbital spacecraft, during most recent passenger flight on January 26, 2024.

Virgin Galactic said the alignment pin fell from its VMS Eve mothership aircraft, the plane that carries VSS Unity aloft. The pin is used to ensure Unity is aligned to Eve when mated during preflight preparations. After takeoff, the pin helps transfer drag loads from Unity into the pylon and center wing section of the aircraft. The alignment pin detached after Unity separated from Eve, although the company did not state how long afterwards the pin came off. The pin, along with a separate shear pin fitting assembly, do not play a role in flight activities after the release of the spaceplane.

The FAA states it will do an investigation before permitting more flights, but we know from a recent GAO report that it does no such thing. It simply observes the investigation by the company involved, and then rubber stamps it afterward. Nor is this wrong, as no one at the FAA is qualified to do such investigations, unlike the engineers at the company.

The investigation however might impact the next flight. The company has said it intends to end flights using Unity after then next three, and then stand down as it replaces it with its next generation spacecraft. This incident might force that stand-down to occur sooner.

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Weather stops everything by SpaceX in the last 24 hours

9:00 am

SpaceX found itself stymied in the past 24 hours due to poor weather conditions on both coasts, with two launches and the return of a Dragon capsule from space all scrubbed.

First a Falcon 9 launch from Vandenberg of 22 Starlink satellites was scrubbed, the launch pushed back from yesterday to tonight at 5.39 pm (Pacific).

Then a launch of a NASA climate satellite on a Falcon 9 rocket from Cape Canaveral was scrubbed shortly thereafter, the launch rescheduled for 1:33 am (Eastern) tonight.

Finally, the return of Axiom’s Ax-3 commercial passenger flight to ISS was scrubbed today because of poor weather conditions.

NASA, Axiom Space, and SpaceX are standing down from the Tuesday, Feb. 6, undocking opportunity of Axiom Mission 3 from the International Space Station. Mission teams will continue to review weather conditions off the coast of Florida, which currently are not favorable for return, and set a new target opportunity for space station departure and splashdown of the Dragon spacecraft and Axiom crew members.

The undocking is now tentatively set for tomorrow morning, but this remains unconfirmed. The three passengers and the Axiom commander have so far spent 18 days in orbit. The original plan was for a 14 day mission, most of which to be spent on ISS, but weather can always extend such plans.

The launch scrubs illustrate the challenge SpaceX faces in reaching its stated goal of 150 launches in 2024. It appears the company is now capable of technically meeting that goal. To do it however it needs to launch almost every other day, and weather simply might not allow a pace like this during some parts of the year in both Florida and California. Whether the company can make-up for these delays with multiple daily launches at other times remains unknown. If it does, it will be another feather in the cap for SpaceX.

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Collins Aerospace tests its new spacesuit on the Zero Gravity airplane

9:37 am

On January 30, 2024 Collins Aerospace, one of two companies that NASA has contracted to design and build new spacesuits for its future missions, successfully tested its new spacesuit on the Zero Gravity airplane, where it was able to have a person use the suit in short but weightless conditions.

Collins is designing its suit in collaboration with ILC Dover and Oceaneering. Former NASA astronauts, John “Danny” Olivas and Dan Burbank, each donned the suit and performed a series of test objectives while onboard a Zero Gravity plane that’s able to perform parabolic maneuvers to simulate microgravity for short bursts. They were surrounded by several support personnel who were gathering data about the suit performance.

In total, they performed 40 parabolas during the flight. Collins said the primary goals included “evaluation of the suit’s pressure garment system fit and functionality, use of International Space Station tools and interfaces, and reviewed performance of the new Extravehicular Mobility Unit, or EMU, against the current design.”

The two spacesuit contracts (the second is with Axiom) are costing NASA about $335 million total to get the suits designed, built, and certified for use in spacewalks and ground operations on the Moon. Both companies appear on schedule to deliver those suits in less than three years.

Previously, NASA had tried to build new spacesuits on its own, and had spent a billion dollars over fourteen years while building nothing. The contrast in this story between the government and private enterprise should be clarifying to everyone.

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Texas state court rules in favor of activist lawsuit against SpaceX

9:00 am

The activists who sued SpaceX and local authorities, claiming the beach closures required during tests and launches at Boca Chica violate the Texas constitution, have had their lawsuit reinstated by a higher state court after a lower court had dismissed it.

Texas’ 13th district court of appeals ruled in favor of SaveRGV, the Sierra Club and the Carrizo/Comecrudo Nation of Texas in suits alleging that a 2013 state law allowing beach closures for space flight activities goes against the Open Beaches Amendment to the Texas Constitution.

In July 2022, Cameron County’s 445th District Court dismissed the coalition’s lawsuit, saying the organizations lacked standing in their complaint against Texas Land Commissioner Dr. Dawn Buckingham, the Texas Land Office, Cameron County and Texas Attorney General Ken Paxton.

The appeals court reversed that decision Thursday, allowing the lawsuit to proceed.

The lawsuit still must be litigated, so these activists have not yet won their case. However, this decision might prevent further beach closures while the case plays out in the courts, which would essentially shut down any further tests or launches at Boca Chica. If so, it will not matter if the FAA finally finishes its paperwork and approves a third test launch of Starship/Superheavy later this month. The launch will not be possible.

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Update on Jared Isaacman’s upcoming Polaris Dawn manned mission

9:37 am

Link here. Bottom line is that they still hope to launch on a five day orbital mission in SpaceX’s Resilience Dragon capsule later this year, during which they will do the first privately funded non-government spacewalk.

Developing new spacworthy spacesuits remains the biggest task before the mission can fly.

In a series of social media updates on Friday and Saturday, Isaacman answered some questions from the public about the progression of the suit development and the mission overall. He stated that over the past week, they “spent a lot of time pressurized in the EVA suits working contingencies.”

Isaacman clarified as well that, unlike missions to the International Space Station chartered by either NASA or Axiom Space, the crew members of the Polaris Dawn mission won’t launch and land while wearing IVA suits. He said because they are limited with space on this flight, they will only have their EVA suits.

No launch date has yet been set.

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Voyager signs SpaceX’s Starship to launch its Starlab space station

3:23 pm

Voyager Space, one of three commercial space stations being built in partnership with NASA, has awarded SpaceX the launch contract for putting its Starlab space station into orbit, using that company’s Superheavy/Starship rocket.

The companies did not disclose terms of the agreement or a projected launch date, although a spokesperson for Starlab Space said the company was confident that Starlab would be launched before the decommissioning of the International Space Station, currently scheduled for 2030.

Voyager is building Starlab in a joint partnership with Airbus and Northrop Grumman. The design is relatively simple though large (one main module and a service module), which makes Starship an excellent method for getting it into orbit.

SpaceX now has deals to launch two different space stations using Starship. The second is with the private company Vast, which is building its station completely independent from NASA. Starship also has won launch contracts from two different private citizens, as well as NASA.

It appears that Musk’s instincts were right on the money when he decided to build this rocket, even though when he proposed it there did not seem to be any customers for it.

Hat tip to BtB’s stringer Jay.

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Pentagon in discussions with SpaceX about buying a Starship outright for military missions

9:49 am

The Pentagon is negotiating with SpaceX the idea that in certain cases where it deems it legally necessary it will buy outright full ownership of a SpaceX Starship/Superheavy launch rocket in order to fly some military missions.

The idea is similar to how the Air Force moves cargo. At times, the service contracts with private carriers to deliver cargo, but for certain critical missions it uses service “gray tail” aircraft. In this hypothetical case, the military could take a Starship off the line for a specific mission and return it to SpaceX after it is complete.

I suspect such situations involve very risky wartime missions that carry liabilities that a private company cannot accept. The military takes over ownership, relieving the company of risk, and then returns ownership afterward. Such a plan requires the company to agree to it, and the military to pay extra for these temporary rights. According to the article at the link, SpaceX is presently exploring its options.

That the Pentagon is discussing this with SpaceX at all tells us that it sees Starship/Superheavy as having a lot of value. It wants to buy its services, one way or the other.

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Private company in India aims to build its own manned capsule and astronaut training facility

9:27 am

A private company in India, Astroborne Aerospace, is now developing its own commercial manned capsule as well as a commercial astronaut training facility, targeting as customers Earth-based tourists as well as those hoping to fly in space.

The capsule, dubbed Airawat, will seat six, and will be designed for suborbital flights, similar to Blue Origin’s New Shepard capsule. The training facility will be on a four-acre site the company is presently negotiating either a lease or purchase from the local government.

The company says it has obtained investment capital, but also says that money will arrive next month.

Whether this deal is real or not is actually irrelevant. Its existence illustrates the underlying enthusiasm in India for private commercial space, now that the Modi government has ended the monopoly on all space activities by its space agency ISRO.

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Rocket Lab launches four commercial satellites

12:15 am

Electron 1st stage floating in the water

Rocket Lab today successuflly launched four satellites as part of a commercial constellation designed to track all objects in orbit, its Electron rocket lifting off from one of its two New Zealand launchpads.

The company also successfully recovered the first stage using a parachute system to slow it down for a soft splashdown in the Pacific where a ship picked it up. The image to the right is a screen capture shortly after the recovery ship reached the stage, which can be seen floating in the water on the left. As of posting the ship was in the process of pulling the stage from the water. Once completed, the stage will be returned to Rocket Lab’s rocket factory for refurbishment and tests to see if it can fly again.

The 2024 launch race:

10 SpaceX
6 China
2 Iran
1 India
1 ULA
1 Japan
1 Rocket Lab

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Spain awards rocket startup PLD $43.8 million grant

12:53 pm

Capitalism in space: The Spanish rocket startup PLD has won a $43.8 million grant from the Spanish government to develop its Miura-5 orbital launch rocket.

The company won the funding after completing the preliminary design review (PDR) its Miura 5 small launch vehicle, a review that was then examined by an independent committee. The award is technically a loan, which will be paid off over 10 years once Miura 5 begins commercial operations, currently scheduled for 2026.

The rocket will compete directly with Rocket Lab’s Electron rocket, with a bigger payload capacity. PLD also plans to recover and reuse its first stages after splashdown in the ocean, as Rocket Lab is now attempting to do with Electron.

The significance of this deal is multifold. It shows us that Spain is now a player in space, with its own rocket company, though still only a startup. It also provides further evidence that the nations of Europe are beginning to go their own way in space, rather than rely on their partnership in the European Space Agency and its rocket division, Arianespace. Arianespace has failed to do the job, so Spain like Germany is now looking to the private sector to get its satellite payloads in orbit.

Finally and most important, this deal illustrates the shift in Europe from being the designer and owner of rockets to being a mere customer. Rather than depend on a governnment-built and owned Arianespace rocket, Spain is buying the service from a private company, PLD. That company owns it entirely and can sell its services to others as well.

This trend away from government-owned rockets bodes well for the future of space exploration in Europe. It will produce a vibrant competitive industry with many different companies coming up with different ideas that will increase innovation while reducing cost.

It also signals the coming death of Arianespace, ESA’s commercial division which despite dominating the commercial launch market for almost two decades, was never able to make a profit ever. Instead, it produced rockets that were too expensive and required subsidies on a yearly basis. The nations of Europe are no longer willing to tolerate that bad performance, and have basically told Arianespace it either must compete with these new private companies, or die. I expect it to die. If it does survive, it will only do so if it changes radically.

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SpaceX launches Northrop Grumman’s Cygnus capsule to ISS

10:22 am

SpaceX today for the first time launched a Northrop Grumman Cygnus cargo freighter to ISS, its Falcon 9 rocket lifting off from Cape Canaveral.

The first stage completed its 10th flight, landing back at Cape Canaveral. Cygnus will rendezvous with ISS in two days, where it will be berthed to the station using a robot arm. It will then stay docked for six months as astronauts unload about 8,200 pounds of cargo.

SpaceX was used as a launch provider because Northrop Grumman’s own rocket Antares is presently unavailable because the engines for the first stage as well as the stage itself were previously built by Russia and the Ukraine respectively, both of which the company cannot no longer buy due to the Ukraine War. SpaceX has a contract for three flights, with today’s launch the first. Firefly has a contract from Northrop Grumman to built a new first stage for Antares, with a first launch targeting mid-2025.

The launch was SpaceX’s 10th in January. With a goal of 150 launches in 2024, this puts the company slightly behind the pace required to meet that goal.

The 2024 launch race:

10 SpaceX
6 China
2 Iran
1 India
1 ULA
1 Japan

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India and France sign deal to partner selling flights on their rockets

9:21 am

India and France have apparently signed a deal to not compete in selling flights on their biggest rockets, but instead work together to keep prices under their control.

Under the terms of the MoU [memorandum of understanding], NSIL’s [the commercial space division of India’s government] heavy-lift launch vehicle, LVM-3, and Arianespace’s Ariane-6 will be at the forefront of this joint endeavor.

The article at the link provides no information at all about the specifics of this deal. I am simply guessing that is it designed to control prices, especially because France by itself does not own the Ariane-6 and thus can not award launch contracts for it. All it can do is convince India to not charge less for its comparable LVM rocket (a variation of its GSLV rocket). If so, it is a bad deal for India, which can easily undercut any price that Arianespace can charge for the expensive Ariane-6. It will drive business from India, since other companies (such as SpaceX, ULA, and hopefully Blue Origin in the near future) will be under no obligation to match Ariane-6’s high cost.

It is also possible that the deal is simply an empty political gesture, timed during the visit to India by France’s President Emmanuel Macron. Its vague language suggests this. It gives Macron a photo op, but as an MOU it leaves India under no long term obligation.

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The Pentagon picks Northrop Grumman’s orbital refueling port as its standard

9:05 am

Having reviewed the designs of several orbital refueling ports, the Space Force has chosen Northrop Grumman’s port as the standard it wishes future military satellites to use.

In a move that could shape the in-orbit satellite servicing market, the U.S. Space Force’s Space Systems Command designated Northrop Grumman’s Passive Refueling Module (PRM) as a favored interface to enable future in-space refueling of military satellites. The PRM has a docking mechanism to allow a refueling vehicle in orbit to transfer propellant to another satellite to extend its useful life.

Northrop Grumman said the Space Systems Command, which oversees in-space logistics and services programs, also will support the company’s development of an orbital fuel tanker for geosynchronous orbit missions that would carry up to 1,000 kilograms of hydrazine fuel and deliver it to client satellites on demand.

Lauren Smith, program manager for in-space refueling at Northrop Grumman, said the selection of the PRM was based on the maturity and technical viability of the design, as well as the company’s experience servicing satellites in orbit. Northrop Grumman’s SpaceLogistics subsidiary remains the only commercial firm to have successfully serviced satellites in geostationary orbit, having docked twice with client Intelsat satellites some 22,000 miles above Earth to extend spacecraft life.

Note that even though Northrop Grumman’s MEV spacecraft has twice docked with defunct Intelsat satellites to return them to service, the spacecraft did no refueling. Instead, it brought its own fuel and engine, and used that to control the satellite.

Other companies developing refueling services with ports they had hoped would become the standard include Astroscale and Orbit Fab. Both have launched demo missions, but neither has yet completed a refueling mission as well. Though this Space Force decision is not exclusive, and leaves open the possibility of further awards to these other commercial refueling port designs, it will likely force everyone to move towards the Northrop Grumman design.

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