Tag: commercial

Inmarsat bought out and delisted from stock exchange

9:07 am

Capitalism in space: The long established communications satellite company Inmarsat has been bought out by a consortium called Connect Bidco and delisted from stock exchange.

Nor is Inmarsat alone:

Inmarsat is the third satellite operator to delist from public markets this year, following Hong Kong-based AsiaSat and London-based Avanti in September.

Inmarsat reported a loss of $89.1 million on $1.06 billion in revenue for the first nine months of the year. The company claimed $36.1 million in profits on $327.3 million in revenue for the months of July, August and September — it’s last public quarter before the buyout.

This story and the quote above explain what is happening. Established satellite companies, that traditionally have built big geosynchronous satellites, are having increased trouble making money as the industry shifts to smaller satellite and constellations in low Earth orbit.

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Successful Russia and Rocket Lab launches

8:52 am

Two launches successfully took place in the early morning hours today. First Rocket Lab launched seven small satellites into orbit, including one that will release an artificial meteor shower. During that launch they also obtained telemetry of their first stage as it fell to Earth.

Rocket Lab CEO Peter Beck just tweeted that the Electron’s first stage performed well during today’s re-entry experiment. “Electron made it through wall! Solid telemetry all the way to sea level with a healthy stage. A massive step for recovery!!” Beck tweeted.

Russia in turn launched a Progress cargo capsule to ISS.

The leaders in the 2019 launch race:

27 China
19 Russia
12 SpaceX
7 Europe (Arianespace)
6 Rocket Lab

China now leads the U.S. 27 to 25 in the national rankings.

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Lloyd’s introduces new insurance policy for smallsats

10:57 am

Capitalism in space: The insurance company Lloyd’s today introduced a new insurance policy expressly designed for the emerging smallsat launch industry.

The solution – called “Llift Space” – is only available in the Lloyd’s market and allows customers to cover their assets from the pre-launch phase, including transit and placement on the launch vehicle, through to the launch phase and in-orbit operation. It is designed for satellites that weigh less than 300 kilograms (661.4 pounds).

The policy is modular so customers can choose the elements within each phase that are most relevant to their coverage needs.

The product is backed by a consortium of 18 syndicates, led by Brit and Hiscox MGA, with $25 million capacity per risk, and is targeted at the NewSpace sector.

NewSpace is characterized by lower cost, easier routes to space, opening up the sector to private enterprise, wealthy entrepreneurs and innovative start-ups. This is increasing the need for space insurance.

This action is a strong endorsement by the investment business in the future of the new smallsat launch industry.

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SpaceX targets December for launch abort test, early 2020 for 1st manned Dragon mission

10:22 am

According to SpaceX officials, the company is aiming to perform its Dragon launch abort test before the end of this month, and then follow-up with the first manned Dragon mission to ISS in early 2020.

“We’re targeting December,” said [Jessica Jensen, director of Dragon Mission Management at SpaceX] today (Dec. 3) during a news conference discussing tomorrow’s (Dec. 4) planned launch of a robotic Dragon cargo mission to the International Space Station (ISS). “We’ll see if we can get there.”

SpaceX holds a multibillion-dollar NASA contract to ferry astronauts to and from the ISS using Crew Dragon and the Falcon 9. The capsule has already visited the orbiting lab once, on the landmark uncrewed Demo-1 mission this past March. If everything goes well with the [launch abort test], the company will be cleared for the first crewed mission — a test flight known as Demo-2 that will carry NASA astronauts Doug Hurley and Bob Behnken.

Demo-2 is targeted for early 2020, SpaceX founder and CEO Elon Musk has said. Contracted, operational ISS flights would follow shortly thereafter.

NASA officials have repeatedly said that early 2020 is too soon because of the paperwork that SpaceX has to complete prior to launch. It could be that Musk is gently applying pressure on them here to speed up this make-work so that the real business of spaceflight can proceed.

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SpaceX to test upper stage endurance as part of Dragon launch

12:52 pm

Capitalism in space: SpaceX plans to perform a six hour orbital coast test of its Falcon 9 upper stage following the release of the Dragon cargo capsule tomorrow (scrubbed today due to high winds).

This is why the first stage will land on a drone ship rather than at Kennedy.

According to SpaceX the test is at the request of “other customers”, unnamed. The article adds this speculation:

Jensen says that the coast test will be performed for unspecified “other” customers, presumably referring to the US Air Force (USAF) and other commercial customers interested in direct-to-geostationary (GEO) launch services. Direct GEO launches require rocket upper stages to perform extremely long coasts in orbit, all while fighting the hostile vacuum environment’s temperature swings and radiation belts and attempting to prevent cryogenic propellant from boiling off or freezing solid. In simple terms, it’s incredibly difficult to build a reliable, high-performance upper stage capable of remaining fully functional after 6-12+ hours in orbit.

Although SpaceX said that the test was for “other” customers, that may well have been a cryptic way to avoid indicating that one such customer might be NASA itself. NASA is in the midst of a political battle for the Europa Clipper spacecraft’s launch contract, which is currently legally obligated to launch on NASA’s SLS rocket. Said rocket will likely cost on the order of >$2 billion per launch, meaning that simply using Falcon Heavy or Delta IV Heavy could save no less than ~$1.5 billion. Incredibly, that means that simply using a commercial launch vehicle could save NASA enough money to fund an entire Curiosity-sized Mars rover or even a majority of the cost of building a dedicated Europa lander. Such a launch would demand every ounce of Falcon Heavy’s performance, including a very long orbital coast.

These speculations could all be true. SpaceX might merely be doing what it always does, testing new engineering upgrades during operational missions. It will then be able to sell its rocket’s enhanced capability to all these customers.

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A home-made plane

6:04 pm

An evening pause: Another example of someone who decides he wants to do something, and then goes out and does it. This STOL (short take-off and landing) home-built plane, dubbed Draco, was apparently a big hit in the small plane community. Sadly, in September the plane was totaled (no injuries) during a take-off with strong cross winds (video here).

Hat tip Cotour.

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Big budget boost for ESA

8:49 am

The European Space Agency (ESA) received its largest budget increase ever, 20%, from its 22 member nations at a high level meeting yesterday.

The meeting also included commitments to remain a partner in ISS to 2030 and increase participation in Lunar Gateway. From the press release:

With worldwide partners, Europe will take its place at the heart of space exploration going farther than we have ever gone before – we continue our commitment to the International Space Station until 2030 as well as contributing vital transportation and habitation modules for the Gateway, the first space station to orbit the Moon. ESA’s astronauts recruited in 2009 will continue to receive flight assignments until all of them have been to space for a second time, and we will also begin the process of recruiting a new class to continue European exploration in low Earth orbit and beyond. European astronauts will fly to the Moon for the first time. Member States have confirmed European support for a ground-breaking Mars Sample Return mission, in cooperation with NASA.

ESA will help develop the commercial benefits of space for innovators and governments across the Member States, boosting competitiveness in the NewSpace environment. We will develop the first fully flexible satellite systems to be integrated with 5G networks, as well as next-generation optical technology for a fibre-like ‘network in the sky’, marking a transformation in the satellite communication industry. Satellite communications will join forces with navigation to begin satnav for the Moon, while closer to home commercial companies can access funding for new applications of navigation technologies through the NAVISP programme. ESA Ministers have secured a smooth transition to the next generation of launchers: Ariane 6 and Vega-C, and have given the green light to Space Rider, ESA’s new reusable spaceship.

Isn’t competition wonderful? ESA’s budget has been stagnant for years. Then SpaceX comes along and threatens its commercial market share while generating a new political will in the U.S. to renew its own space effort, and suddenly the European nations that make up ESA decide they need to do the same.

Much of the proposed program for ESA is very likely to happen, especially the commitments to a variety of astronomical and planetary missions. The agency’s commercial effort is also likely to happen, but whether it can happen fast enough to be competitive is questionable. As a government agency ESA’s track record in its effort to compete in the launch market has not been impressive. It took them far too long to accept the idea of reuseable rockets or the need to cut their costs drastically.

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India successfully launches Earth observation satellite plus 12 cubesats

9:57 pm

India today successfully used its PSLV rocket to launch its own Cartosat-3 Earth observation satellite plus 12 cubesats for the commercial company Planet.

This was India’s fifth launch in 2019.

The leaders in the 2019 launch race remain unchanged:

26 China
18 Russia
11 SpaceX
7 Europe (Arianespace)

China leads the U.S. 26 to 23 in the national rankings.

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A house in the forest

6:01 pm

An evening pause: They call this an off-grid house, but that really isn’t true. Though he isn’t linked to either an electric or water utility, pay close attention to the amount of technology he uses to make the house and living there functional and practical.

Nonetheless, it is fascinating and educational to see some of the tricks that people will do to live as they wish.

Hat tip Cotour.

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SpaceX ‘s decision to slash prices/provide reliable launch schedule upends smallsat industry

9:20 am

Capitalism in space: Apparently SpaceX’s decision in August to further slash its launch prices for smallsats while also establishing a regular launch schedule is causing major shifts in that industry.

From the first link::

The revamped smallsat rideshare program, the company announced late Aug. 28, will provide launch opportunities at least once per month starting in March 2020, at a cost of $1 million for a 200-kilogram smallsat.

From the second link:

With the new SpaceX price list, the cost of reaching low Earth orbit falls so dramatically “you should select the cheapest launcher even if it does not go exactly where you need it and then use propulsion to go where you need to be,” Henri said. “From a total system cost standpoint, that will make the most sense.”

This situation is comparable to the shifts that occurred in the ship business when its technology changed from sails to engines. Sailing ships generally did not sail on a schedule. Instead, they sat at port until they filled their cargo holds, then waited for favorable weather before sailing. Customers could only wait.

Once ships were powered this all changed. Ship companies established firm schedules so customers knew exactly when their cargo would ship. This also led to a reduction in the price of shipping.

SpaceX’s ability to reuse its first stage often and quickly is now allowing them to treat the Falcon 9 rocket more like a powered ship rather than a sailing ship. Rather than only launching when they’ve filled their cargo capacity, they can afford to launch on a regular and reliable schedule, allowing customers to jump on board at their own convenience.

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