Tag: commercial
Wall Street financial firm condemns Astra as bad investment
Capitalism in space: In a blunt critique announcing its decision to short sell Astra stocks, the Wall Street financial firm Kerrisdale Capital condemned the startup rocket company as a poor investment.
Kerrisdale’s analysis focuses on two issues, Astra’s under-powered rocket and the company’s prediction that it will launch as many as 300 rockets a year by 2025.
Astra’s rocket launch projections are nonsense. No market analysis supports Astra’s planned 300+ launches by 2025. Excluding satellites from SpaceX and China from industry-wide forecasts, there is insufficient demand to support even a fraction of Astra’s aggressive forecast.
Large launch vehicles are a more efficient and cost-effective solution to deploying whole orbital planes versus piecemealing coverage through a series of small launches and will dominate the market for mega-constellations (which are widely expected to comprise the bulk of all satellites deployed over the next decade). Only scraps will remain for Astra and all the other smaller launchers—far less than Astra needs to turn a profit.
Astra is falling behind its competitors. Multiple industry executives we interviewed, who routinely secure launch services for small satellite manufacturers on a global basis, agree that Astra’s rocket dimensions and payload capacity are well below the “sweet spot” of customer needs.
The publication of this report caused an immediate 10% drop in Astra’s stock, though it then recovered somewhat.
The report has some validity, though it assumes that the market for rocket launches will remain the same as it has for decades, an assumption that is simply false. Things always change. What happened before is no guarantee it will happen that way in the future.
Moreover Astra’s strategy is to built a small rocket that is very very cheap. It hopes that low price will bring it cubesat customers who want a launch on schedule and sent to their chosen orbit, something they do not get when they are secondary payloads on larger rockets. There is a strong possibility that this strategy will work, based on the fast growth in the satellite industry in the past decade when SpaceX and Rocket Lab forced launch costs to drop from $100 to $500 million to $6 to $60 million.
Kerrisdale’s report however is a valid wake-up call, and suggests that Wall Street’s recent passion to pour money into many new startup rocket companies (estimated by some to exceed a hundred) might finally be easing.
Capitalism in space: In a blunt critique announcing its decision to short sell Astra stocks, the Wall Street financial firm Kerrisdale Capital condemned the startup rocket company as a poor investment.
Kerrisdale’s analysis focuses on two issues, Astra’s under-powered rocket and the company’s prediction that it will launch as many as 300 rockets a year by 2025.
Astra’s rocket launch projections are nonsense. No market analysis supports Astra’s planned 300+ launches by 2025. Excluding satellites from SpaceX and China from industry-wide forecasts, there is insufficient demand to support even a fraction of Astra’s aggressive forecast.
Large launch vehicles are a more efficient and cost-effective solution to deploying whole orbital planes versus piecemealing coverage through a series of small launches and will dominate the market for mega-constellations (which are widely expected to comprise the bulk of all satellites deployed over the next decade). Only scraps will remain for Astra and all the other smaller launchers—far less than Astra needs to turn a profit.
Astra is falling behind its competitors. Multiple industry executives we interviewed, who routinely secure launch services for small satellite manufacturers on a global basis, agree that Astra’s rocket dimensions and payload capacity are well below the “sweet spot” of customer needs.
The publication of this report caused an immediate 10% drop in Astra’s stock, though it then recovered somewhat.
The report has some validity, though it assumes that the market for rocket launches will remain the same as it has for decades, an assumption that is simply false. Things always change. What happened before is no guarantee it will happen that way in the future.
Moreover Astra’s strategy is to built a small rocket that is very very cheap. It hopes that low price will bring it cubesat customers who want a launch on schedule and sent to their chosen orbit, something they do not get when they are secondary payloads on larger rockets. There is a strong possibility that this strategy will work, based on the fast growth in the satellite industry in the past decade when SpaceX and Rocket Lab forced launch costs to drop from $100 to $500 million to $6 to $60 million.
Kerrisdale’s report however is a valid wake-up call, and suggests that Wall Street’s recent passion to pour money into many new startup rocket companies (estimated by some to exceed a hundred) might finally be easing.
SpaceX raises another $337 million in investment capital
Capitalism in space: In an SEC filing yesterday SpaceX revealed that it has raised another $337 million in investment capital.
The company raised in 2021 a total of $1.85 billion, and over the last six years has raised close to $7 billion total. While some of that capital is being used to finance its Starlink internet constellation of satellites, most is being funneled into the development of its totally reusable heavy lift Starship/Superheavy rocket.
The eagerness of investors to put money behind SpaceX is a strong vote of confidence in the company, coming from totally independent sources.
Adding in the $2.9 billion dollar contract from NASA for building a lunar lander version of Starship, SpaceX has raised about $10 billion total for building this rocket.
Whether that will be enough of course is not yet known. Based on SpaceX’s past work it should be. That however assumes the federal government’s bureaucracy doesn’t throw a serious wrench in the process, something it right now appears to be doing by stalling the orbital test flight of Starship/Superheavy.
Capitalism in space: In an SEC filing yesterday SpaceX revealed that it has raised another $337 million in investment capital.
The company raised in 2021 a total of $1.85 billion, and over the last six years has raised close to $7 billion total. While some of that capital is being used to finance its Starlink internet constellation of satellites, most is being funneled into the development of its totally reusable heavy lift Starship/Superheavy rocket.
The eagerness of investors to put money behind SpaceX is a strong vote of confidence in the company, coming from totally independent sources.
Adding in the $2.9 billion dollar contract from NASA for building a lunar lander version of Starship, SpaceX has raised about $10 billion total for building this rocket.
Whether that will be enough of course is not yet known. Based on SpaceX’s past work it should be. That however assumes the federal government’s bureaucracy doesn’t throw a serious wrench in the process, something it right now appears to be doing by stalling the orbital test flight of Starship/Superheavy.
Ray Stevens – Everything is Beautiful
An evening pause: Performed live 1970. Seems fitting as this bad year rolls to an end, since it looks forward with optimism and hope. And what other choice do we have?
Hat tip Dan Morris.
Firefly forced to postpone next launch because of security issues
Capitalism in space: Firefly has been forced to postpone its next launch of its Alpha rocket, tentative scheduled for late January, because the federal government wants the Ukranian investor — who essentially saved the company when it went bankrupt — to completely divest himself of any ownership.
Noosphere Venture Partners, a fund run by Ukrainian-born investor Max Polyakov, said Dec. 29 that it will retain an investment banking firm to sell its interest in Firefly. That sale comes at the request of the Committee on Foreign Investment in the United States (CFIUS), the company said.
Polyakov invested $200 million to bring the company from the ashes when it was about to be liquidated in bankruptcy proceedings. He left its board of directors last year and reduced his share in the company last year in an effort to ease these same concerns. Apparently that wasn’t good enough, even though his ownership was not a problem when the company obtained a lease for a launch site at Vandenberg Space Force Base.
Though there might be a real security issue, we must not dismiss the possibility that this is a corrupt power play by people in Washington to use Polyakov’s foreign roots to push him out so that they can replace him, now that the company is healthy and moving forward after Polyakov saved it.
I know this is a cynical suspicion, but based on the behavior of our Washington bureaucracy and legislators in the past decade, it is far from an unreasonable one.
Capitalism in space: Firefly has been forced to postpone its next launch of its Alpha rocket, tentative scheduled for late January, because the federal government wants the Ukranian investor — who essentially saved the company when it went bankrupt — to completely divest himself of any ownership.
Noosphere Venture Partners, a fund run by Ukrainian-born investor Max Polyakov, said Dec. 29 that it will retain an investment banking firm to sell its interest in Firefly. That sale comes at the request of the Committee on Foreign Investment in the United States (CFIUS), the company said.
Polyakov invested $200 million to bring the company from the ashes when it was about to be liquidated in bankruptcy proceedings. He left its board of directors last year and reduced his share in the company last year in an effort to ease these same concerns. Apparently that wasn’t good enough, even though his ownership was not a problem when the company obtained a lease for a launch site at Vandenberg Space Force Base.
Though there might be a real security issue, we must not dismiss the possibility that this is a corrupt power play by people in Washington to use Polyakov’s foreign roots to push him out so that they can replace him, now that the company is healthy and moving forward after Polyakov saved it.
I know this is a cynical suspicion, but based on the behavior of our Washington bureaucracy and legislators in the past decade, it is far from an unreasonable one.
Finalists announced in the ’21 Illusion of the Year contest
The top ten finalists, including the first place winner, in the 2021 best optical illusion of the year contest have now been announced.
The annual illusion contest is run by the Neural Correlate Society, an organization devoted to promoting awareness of the science behind perception and cognition. For 17 years the annual contest has consistently delivered an assortment of compelling illusions, frequently underpinned by fascinating scientific principles.
This year’s winner, from UK scientist and magician Matt Pritchard, is a unique example of an anamorphic illusion. These are illusions that present a viewer with an image that appears distorted until it is looked at from a specific perspective.
I have embedded below a video showing Pritchard’s illusion, dubbed the Phantom Queen. If you go to the contest’s website you can see videos of all ten finalists, all of which are fun and quite remarkable in their ability to fool the eye.
» Read more
The top ten finalists, including the first place winner, in the 2021 best optical illusion of the year contest have now been announced.
The annual illusion contest is run by the Neural Correlate Society, an organization devoted to promoting awareness of the science behind perception and cognition. For 17 years the annual contest has consistently delivered an assortment of compelling illusions, frequently underpinned by fascinating scientific principles.
This year’s winner, from UK scientist and magician Matt Pritchard, is a unique example of an anamorphic illusion. These are illusions that present a viewer with an image that appears distorted until it is looked at from a specific perspective.
I have embedded below a video showing Pritchard’s illusion, dubbed the Phantom Queen. If you go to the contest’s website you can see videos of all ten finalists, all of which are fun and quite remarkable in their ability to fool the eye.
» Read more
U.S. military adds Blue Origin to its point-to-point space cargo development program
Capitalism in space: The U.S. military on December 17th signed an agreement with Blue Origin to add it to its point-to-point space cargo development program.
The command last year signed similar agreements with SpaceX and with Exploration Architecture Corp. (XArc). Blue Origin is the third company to ink a CRADA [as these development contracts are called] for the rocket cargo program.
Under CRADAs, companies agree to share information about their products and capabilities but the government does not commit to buying anything. U.S. TRANSCOM’s analysis of industry data will inform the newly created “rocket cargo” program led by the Air Force Research Laboratory and the U.S. Space Force. The Air Force in its budget proposal for fiscal year 2022 is seeking $47.9 million to conduct studies and rocket cargo demonstrations. [emphasis mine]
I highlight the total budget of this program to show that this is a very small government program. The cash it provides these three companies is nice, but it is chicken feed when compared with the total cost of development. It certainly will not result in a faster pace at Blue Origin in developing its New Glenn rocket, which is presently two years behind schedule with further delays almost certain because its BE-4 rocket engine is not yet ready for mass production.
Whether the program itself is a good thing, or merely another example of government crony capitalism, is open to question. The practicality of using either Starship or New Glenn for cargo transport remains very unproven, especially for New Glenn, which was not designed with such a purpose in mind and cannot land its upper stage on Earth as Starship can.
Capitalism in space: The U.S. military on December 17th signed an agreement with Blue Origin to add it to its point-to-point space cargo development program.
The command last year signed similar agreements with SpaceX and with Exploration Architecture Corp. (XArc). Blue Origin is the third company to ink a CRADA [as these development contracts are called] for the rocket cargo program.
Under CRADAs, companies agree to share information about their products and capabilities but the government does not commit to buying anything. U.S. TRANSCOM’s analysis of industry data will inform the newly created “rocket cargo” program led by the Air Force Research Laboratory and the U.S. Space Force. The Air Force in its budget proposal for fiscal year 2022 is seeking $47.9 million to conduct studies and rocket cargo demonstrations. [emphasis mine]
I highlight the total budget of this program to show that this is a very small government program. The cash it provides these three companies is nice, but it is chicken feed when compared with the total cost of development. It certainly will not result in a faster pace at Blue Origin in developing its New Glenn rocket, which is presently two years behind schedule with further delays almost certain because its BE-4 rocket engine is not yet ready for mass production.
Whether the program itself is a good thing, or merely another example of government crony capitalism, is open to question. The practicality of using either Starship or New Glenn for cargo transport remains very unproven, especially for New Glenn, which was not designed with such a purpose in mind and cannot land its upper stage on Earth as Starship can.
Starship prototype #20 completes another static fire launchpad test
Capitalism in space: Despite being blocked by the federal government bureauceacy from launching its Starship/Superheavy rocket on its first orbital flight, SpaceX yesterday successfully completed another static fire launchpad test of the 20th prototype of Starship.
It appears that this was the second static fire test that used all six of prototypes’s Raptor engines.
Meanwhile, Superheavy prototype #4 sits on the orbital launchpad, where similar static fire tests were expected but have not yet occurred. Either SpaceX engineers found they needed to additional revisions of the prototype before attempted such a test, which could fire as many as 29 Raptor engines at once, or the company has decided to hold back its testing because the FAA has not yet approved the environmental reassessment for the Boca Chica launch site. Firing the engines on Superheavy before that approval could be used by SpaceX’s environmental enemies as a public relations weapon to help kill the approval entirely.
Personally I think the answer is the former. It is not Elon Musk’s way to cower in fear of others. In fact, he is more likely to push forward, knowing that the publicity from a successful Superheavy static fire test will almost certainly be mostly positive and enthusiastic, thus helping to force politicians to force the bureaucracy to sign off its approval.
Capitalism in space: Despite being blocked by the federal government bureauceacy from launching its Starship/Superheavy rocket on its first orbital flight, SpaceX yesterday successfully completed another static fire launchpad test of the 20th prototype of Starship.
It appears that this was the second static fire test that used all six of prototypes’s Raptor engines.
Meanwhile, Superheavy prototype #4 sits on the orbital launchpad, where similar static fire tests were expected but have not yet occurred. Either SpaceX engineers found they needed to additional revisions of the prototype before attempted such a test, which could fire as many as 29 Raptor engines at once, or the company has decided to hold back its testing because the FAA has not yet approved the environmental reassessment for the Boca Chica launch site. Firing the engines on Superheavy before that approval could be used by SpaceX’s environmental enemies as a public relations weapon to help kill the approval entirely.
Personally I think the answer is the former. It is not Elon Musk’s way to cower in fear of others. In fact, he is more likely to push forward, knowing that the publicity from a successful Superheavy static fire test will almost certainly be mostly positive and enthusiastic, thus helping to force politicians to force the bureaucracy to sign off its approval.
Virgin Orbit merger produces only half the investment capital expected
Capitalism in space: It appears that the merger of Virgin Orbit with the special purpose acquisition company (SPAC) NextGen Acquisition II has produced only half the investment capital that had been expected.
The merger had expected to produce $483 million in investment capital for the rocket company. Instead it has produced only $228 million because many shareholders of NextGen cashed out before the merger occurred. Apparently, these shareholders did not have confidence in the Virgin Orbit, and feared their stock value would drop once the merger was completed.
It appears that Virgin Orbit has been stained by the failure of another Richard Branson space company, Virgin Galactic, to deliver on its promises. Virgin Orbit has successfully completed two orbital flights, and is expected to complete a third shortly. Unlike Virgin Galactic, it has done what it said it would, though it took longer than predicted (delays that were not unreasonable considering it was a startup rocket company). Investors have looked at the collapse of Virgin Galactic stocks, and have decided they do not wish to gamble their money on another Branson space company, no matter how successful.
Capitalism in space: It appears that the merger of Virgin Orbit with the special purpose acquisition company (SPAC) NextGen Acquisition II has produced only half the investment capital that had been expected.
The merger had expected to produce $483 million in investment capital for the rocket company. Instead it has produced only $228 million because many shareholders of NextGen cashed out before the merger occurred. Apparently, these shareholders did not have confidence in the Virgin Orbit, and feared their stock value would drop once the merger was completed.
It appears that Virgin Orbit has been stained by the failure of another Richard Branson space company, Virgin Galactic, to deliver on its promises. Virgin Orbit has successfully completed two orbital flights, and is expected to complete a third shortly. Unlike Virgin Galactic, it has done what it said it would, though it took longer than predicted (delays that were not unreasonable considering it was a startup rocket company). Investors have looked at the collapse of Virgin Galactic stocks, and have decided they do not wish to gamble their money on another Branson space company, no matter how successful.
Kings Return Music – Ave Maria
An evening pause: I like how they describe themselves on their YouTube page: “We sing in stairwells.”
Hat tip Cotour, who actually sent me a different performance by these guys. I had seen this performance elsewhere, and decided to use it instead.
Natalie Merchant – Kind and Generous
FAA delays final approval of Starship environmental reassessment till Feb 28th
The FAA has now made it official and announced that the final approval of Starship environmental reassessment will not occur before the end of February, thus preventing any Starship orbital test flights until the spring, at the earliest.
As previously announced, the FAA had planned to release the Final PEA in on December 31, 2021. However, due to the high volume of comments submitted on the Draft PEA, discussions and consultation efforts with consulting parties, the FAA is announcing an update to the schedule. The FAA now plans to release the Final PEA on February 28, 2022.
When the rumors of a delay were first noted last week, I predicted that “Starship’s first orbital flight will not happen until the latter half of ’22, if then.” That prediction is now almost certainly confirmed.
Nor I am not confident the FAA’s environmental reassessment of SpaceX’s launch facility in Boca Chica will be ready even in February. The problem appears to be that the FAA needs to also get the approval of both NOAA and the U.S. Fish & Wildlife agencies, and both appear to be very hostile to SpaceX’s efforts.
In fact, this is beginning to look like the situation in Hawaii with the Thirty Meter Telescope. There protesters blocked the start of construction, and the government, controlled by Democrats, worked with those protesters to step by step keep that obstruction active and working. If so, SpaceX faces a very dangerous situation, as it appears the Biden administration is about to do the same thing to it.
The FAA has now made it official and announced that the final approval of Starship environmental reassessment will not occur before the end of February, thus preventing any Starship orbital test flights until the spring, at the earliest.
As previously announced, the FAA had planned to release the Final PEA in on December 31, 2021. However, due to the high volume of comments submitted on the Draft PEA, discussions and consultation efforts with consulting parties, the FAA is announcing an update to the schedule. The FAA now plans to release the Final PEA on February 28, 2022.
When the rumors of a delay were first noted last week, I predicted that “Starship’s first orbital flight will not happen until the latter half of ’22, if then.” That prediction is now almost certainly confirmed.
Nor I am not confident the FAA’s environmental reassessment of SpaceX’s launch facility in Boca Chica will be ready even in February. The problem appears to be that the FAA needs to also get the approval of both NOAA and the U.S. Fish & Wildlife agencies, and both appear to be very hostile to SpaceX’s efforts.
In fact, this is beginning to look like the situation in Hawaii with the Thirty Meter Telescope. There protesters blocked the start of construction, and the government, controlled by Democrats, worked with those protesters to step by step keep that obstruction active and working. If so, SpaceX faces a very dangerous situation, as it appears the Biden administration is about to do the same thing to it.
The Hatterine – Swinging by the Christmas tree
An evening pause: An “electro swing dance” to the song “What will Santa Claus say.” This somehow seems appropriate just after Christmas, after the presents are opened and the partying is done.
Hat tip Alton Blevins.
Russian Soyuz-2 rocket launches 36 OneWeb satellites
Capitalism in space: A Russian Soyuz-2 rocket today launched another 36 OneWeb satellites into orbit, lifting off from Russia’s Baikonur spaceport in Kazakhstan.
This year, a total of five OneWeb missions were launched from the Vostochny Cosmodrome in eastern Russia, and another two launched from Baikonur. Vostochny is the newest cosmodrome for Russia, while Baikonur is the oldest and originated from the Soviet era.
There was also one launch from French Guiana.
The leaders in the 2021 launch race:
50 China
31 SpaceX
23 Russia
7 Europe (Arianespace)
This was the 132nd successful launch this year, which now ties 2021 with 1975 as the most active year in rocketry since Sputnik. With a possible launches from China (Long March 3B) and Russia (a tentatively scheduled test launch of its Angara rocket today), there is a good chance 2021 will become the most active year ever.
Most important, this activity is only a precursor. Next year should see even more activity.
Capitalism in space: A Russian Soyuz-2 rocket today launched another 36 OneWeb satellites into orbit, lifting off from Russia’s Baikonur spaceport in Kazakhstan.
This year, a total of five OneWeb missions were launched from the Vostochny Cosmodrome in eastern Russia, and another two launched from Baikonur. Vostochny is the newest cosmodrome for Russia, while Baikonur is the oldest and originated from the Soviet era.
There was also one launch from French Guiana.
The leaders in the 2021 launch race:
50 China
31 SpaceX
23 Russia
7 Europe (Arianespace)
This was the 132nd successful launch this year, which now ties 2021 with 1975 as the most active year in rocketry since Sputnik. With a possible launches from China (Long March 3B) and Russia (a tentatively scheduled test launch of its Angara rocket today), there is a good chance 2021 will become the most active year ever.
Most important, this activity is only a precursor. Next year should see even more activity.
A Christmas Carol
The Brooklyn Tabernacle Choir – Psalm 34
An evening pause: Some Old Testament religious passion, sung from my home town, Brooklyn, and very fitting for Christmas Eve.
Hat tip Dan Morris.
Bobby Brown – Every Little Step
An evening pause: Performed live 2012. Hat tip to my wife Diane Zimmerman, who might have picked the song but I wanted to post it now as my own thank you to her. Every word Brown sings are words from me to you.
Identity of $28 million bidder for New Shepard flight revealed
Capitalism in space: The person who bid $28 million to win a seat on the first suborbital flight of Blue Origin’s New Shepard spacecraft has now revealed himself.
Justin Sun, the founder and CEO of the blockchain platform Tron, announced today (Dec. 22) that he’s the person who paid $28 million for a seat aboard Blue Origin’s first crewed spaceflight. That mission launched on July 20, carrying Blue Origin founder Jeff Bezos and three other people to suborbital space on the company’s New Shepard spacecraft. The then-unnamed auction winner was not among them, however, remaining groundbound due to scheduling conflicts, Blue Origin representatives said at the time.
But it turns out that Sun’s spaceflight dreams were just deferred, not dashed. The 31-year-old entrepreneur said today that he plans to fly on a New Shepard mission next year, along with five other “space warriors” that he will nominate.
Sun outlined what he’s looking for in a Twitter thread today. One crewmate nominee will be “a prominent figure in the crypto[currency] world,” he said. Another will be a Tron community member “with a strong passion for space,” and another will be a tech entrepreneur. The fourth and fifth nominees will be an artist and a celebrity, respectively.
It is unclear if Blue Origin is giving him six seats for his $28 million, or if Sun is paying additional money. At this time Bezos’ company has not revealed anywhere what it is actually charging for tickets.
Capitalism in space: The person who bid $28 million to win a seat on the first suborbital flight of Blue Origin’s New Shepard spacecraft has now revealed himself.
Justin Sun, the founder and CEO of the blockchain platform Tron, announced today (Dec. 22) that he’s the person who paid $28 million for a seat aboard Blue Origin’s first crewed spaceflight. That mission launched on July 20, carrying Blue Origin founder Jeff Bezos and three other people to suborbital space on the company’s New Shepard spacecraft. The then-unnamed auction winner was not among them, however, remaining groundbound due to scheduling conflicts, Blue Origin representatives said at the time.
But it turns out that Sun’s spaceflight dreams were just deferred, not dashed. The 31-year-old entrepreneur said today that he plans to fly on a New Shepard mission next year, along with five other “space warriors” that he will nominate.
Sun outlined what he’s looking for in a Twitter thread today. One crewmate nominee will be “a prominent figure in the crypto[currency] world,” he said. Another will be a Tron community member “with a strong passion for space,” and another will be a tech entrepreneur. The fourth and fifth nominees will be an artist and a celebrity, respectively.
It is unclear if Blue Origin is giving him six seats for his $28 million, or if Sun is paying additional money. At this time Bezos’ company has not revealed anywhere what it is actually charging for tickets.
Do You Hear What I Hear – Whitney Houston
SpaceX begins testing of launch procedures for Superheavy prototype #4
Capitalism in space: SpaceX began this week the testing of the fueling and launch procedures it will follow for launching the first orbital Superheavy, prototype #4, presently mounted on the orbital launchpad at Boca Chica.
On December 17th, SpaceX subjected Super Heavy B4 to a cryogenic proof test about twice as ambitious as B3’s, filling the booster maybe a sixth of the way with a few hundred tons of liquid nitrogen (LN2). What isn’t clear is if that test also raised the booster’s propellant tanks to flight pressures (6-8 bar or 90-115 psi). If Booster 4 did reach those pressures, the test is even more significant – partially proving that the rocket is ready for flight. On December 21st, SpaceX performed a similar series of cryogenic tests, again partially filling Booster 4 with about the same amount of liquid nitrogen but doing so two or three times in a row. Again, the Super Heavy survived the several-hour ordeal without any obvious issues. Still, a number of additional tests – some even more important – are still in front of SpaceX and Super Heavy B4.
The most obvious is simple enough: SpaceX needs to fully fill a Super Heavy booster for the first time. Depending on the storage situation, that process will likely begin by filling Booster 4 with about 2500 tons (5.5M lb) of liquid nitrogen (LN2) – about two-thirds full. If SpaceX also temporarily fills one of the orbital tank farm’s liquid oxygen (LOx) or methane (LCH4) tanks with nitrogen, it could fully load Booster 4 with around 3500 tons (7.7M lb) of nitrogen. At least according to SpaceX’s own website, that’s about the same weight as the propellant (3400t/7.5M lb) Super Heavy is designed to lift off with. If that full cryoproof goes well, SpaceX will then likely perform one or several wet dress rehearsals, ultimately filling Booster 4 with approximately 2900 tons (6.4M lb) of cryogenic oxygen and 500 tons (1.1M lb) of cryogenic methane.
At some point the company will need to not only fill the booster, it will need to do at least one static fire test of its 29 engines. If all goes well, SpaceX will then mount Starship on top, with the first orbital flight to follow. Musk has said they are aiming for a January launch, but no one should be surprised if it slips to February.
Capitalism in space: SpaceX began this week the testing of the fueling and launch procedures it will follow for launching the first orbital Superheavy, prototype #4, presently mounted on the orbital launchpad at Boca Chica.
On December 17th, SpaceX subjected Super Heavy B4 to a cryogenic proof test about twice as ambitious as B3’s, filling the booster maybe a sixth of the way with a few hundred tons of liquid nitrogen (LN2). What isn’t clear is if that test also raised the booster’s propellant tanks to flight pressures (6-8 bar or 90-115 psi). If Booster 4 did reach those pressures, the test is even more significant – partially proving that the rocket is ready for flight. On December 21st, SpaceX performed a similar series of cryogenic tests, again partially filling Booster 4 with about the same amount of liquid nitrogen but doing so two or three times in a row. Again, the Super Heavy survived the several-hour ordeal without any obvious issues. Still, a number of additional tests – some even more important – are still in front of SpaceX and Super Heavy B4.
The most obvious is simple enough: SpaceX needs to fully fill a Super Heavy booster for the first time. Depending on the storage situation, that process will likely begin by filling Booster 4 with about 2500 tons (5.5M lb) of liquid nitrogen (LN2) – about two-thirds full. If SpaceX also temporarily fills one of the orbital tank farm’s liquid oxygen (LOx) or methane (LCH4) tanks with nitrogen, it could fully load Booster 4 with around 3500 tons (7.7M lb) of nitrogen. At least according to SpaceX’s own website, that’s about the same weight as the propellant (3400t/7.5M lb) Super Heavy is designed to lift off with. If that full cryoproof goes well, SpaceX will then likely perform one or several wet dress rehearsals, ultimately filling Booster 4 with approximately 2900 tons (6.4M lb) of cryogenic oxygen and 500 tons (1.1M lb) of cryogenic methane.
At some point the company will need to not only fill the booster, it will need to do at least one static fire test of its 29 engines. If all goes well, SpaceX will then mount Starship on top, with the first orbital flight to follow. Musk has said they are aiming for a January launch, but no one should be surprised if it slips to February.
Scala & Kolacny Brothers – California Dreamin’
An evening pause: This choir cover of the classic Mamas & Papas song seems quite appropriate for the first day of winter.
Hat tip Mike Nelson.
FAA approves license for launchpad in Camden, Georgia
Capitalism in space: After years of review, FAA yesterday finally approved a license for building a space launchpad in Camden, Georgia.
The approval however does not mean rockets will begin launching, even in the near future. First, there is the opposition to the spaceport, an opposition based on the simple fact that the rockets have to fly over seven miles over land before reaching the Atlantic Ocean.
About 3,800 people have signed a petition calling for a referendum that would let voters decide whether the county can buy the property. “Virtually from the start, the FAA’s review of Spaceport Camden has been fraught with factual mistakes and legal errors,” Brian Gist, senior attorney for the Southern Environmental Law Center, said in a statement Monday. “We will carefully review the FAA’s decision to ensure that it fully complies with all applicable laws.”
The National Park Service and its parent agency, the U.S. Department of the Interior, also have expressed concerns.
In a July 22 letter to the FAA, the Interior Department said a chance of rockets exploding — with fiery debris raining down on wilderness land on Cumberland Island — creates an “unacceptable risk.” Cumberland Island, with its wild horses and nesting sea turtles, is a popular tourist area off the Georgia coast.
The threat to wildlife by the rocket launches is certainly bogus, as we have more than a half century of evidence at Cape Canaveral that space launches not only do no harm to wildlife, they actually help because they stop development.
The environmental opposition however is actually being used as a weapon by many local residents who really fear the launches because the spaceport seems to them too close to residential areas. They also fear it will also likely interfere with tourism to the coastal beaches and parks that the rockets will fly over, causing them to be shut down during launches.
Because the fears about the nearness of residential areas and the harm to tourism are somewhat legitimate, they illustrate a second reason why this spaceport will likely fail. Why should any rocket company choose this launch site, so close to residential areas and so opposed by many locals, especially when there are now so many other less risky and controversial spaceports to choose from? I suspect very few will do so, and this project will eventually die, even if it finally gets full approval and is built.
Capitalism in space: After years of review, FAA yesterday finally approved a license for building a space launchpad in Camden, Georgia.
The approval however does not mean rockets will begin launching, even in the near future. First, there is the opposition to the spaceport, an opposition based on the simple fact that the rockets have to fly over seven miles over land before reaching the Atlantic Ocean.
About 3,800 people have signed a petition calling for a referendum that would let voters decide whether the county can buy the property. “Virtually from the start, the FAA’s review of Spaceport Camden has been fraught with factual mistakes and legal errors,” Brian Gist, senior attorney for the Southern Environmental Law Center, said in a statement Monday. “We will carefully review the FAA’s decision to ensure that it fully complies with all applicable laws.”
The National Park Service and its parent agency, the U.S. Department of the Interior, also have expressed concerns.
In a July 22 letter to the FAA, the Interior Department said a chance of rockets exploding — with fiery debris raining down on wilderness land on Cumberland Island — creates an “unacceptable risk.” Cumberland Island, with its wild horses and nesting sea turtles, is a popular tourist area off the Georgia coast.
The threat to wildlife by the rocket launches is certainly bogus, as we have more than a half century of evidence at Cape Canaveral that space launches not only do no harm to wildlife, they actually help because they stop development.
The environmental opposition however is actually being used as a weapon by many local residents who really fear the launches because the spaceport seems to them too close to residential areas. They also fear it will also likely interfere with tourism to the coastal beaches and parks that the rockets will fly over, causing them to be shut down during launches.
Because the fears about the nearness of residential areas and the harm to tourism are somewhat legitimate, they illustrate a second reason why this spaceport will likely fail. Why should any rocket company choose this launch site, so close to residential areas and so opposed by many locals, especially when there are now so many other less risky and controversial spaceports to choose from? I suspect very few will do so, and this project will eventually die, even if it finally gets full approval and is built.
SpaceX launches cargo Dragon to ISS using new 1st stage
Capitalism in space: In what will likely be its last launch in 2021, SpaceX early this morning successfully launched a reused Dragon cargo capsule to ISS.
This was the company’s 31st launch in 2021, extending its record for the most launches in a single year by a private company. The launch’s big news however was that the company used a new first stage booster, only the second time in 2021 that it needed to do so (the first was in May). The first stage successfully landed on the drone ship in the Atlantic, completing SpaceX’s 100th successful recovery.
The first such vertical landing had occurred in December 2015, and now six years later and after a hundred vertical landings, SpaceX remains the only orbital rocket entity in the world with such a capability. A very small handful of companies have performed tests with smaller scale prototypes, but that so much time has passed and no one has pushed forward to meet SpaceX’s challenge with even some full scale preliminary test flights does not reflect well on the innovative culture of the world’s rocket industry.
As for SpaceX’s yearly record, 31 launches actually exceeds the number of launches the entire U.S. rocket industry generally managed each year from 1970 through 2017. During much of that time the launch industry was run by NASA in a Soviet-style top-down system that stifled competition and innovation. Beginning in 2008, when SpaceX won its first contract with NASA, that system was abandoned by NASA, switching instead to capitalism and competition, whereby NASA was merely a customer buying its launches from the open market. The positive results from that change have been breath-taking, proving once again that freedom, competition, and private enterprise will win every single time over government programs and communist/socialist ideology.
The leaders in the 2021 launch race:
48 China
31 SpaceX
22 Russia
6 Europe (Arianespace)
5 ULA
5 Rocket Lab
The U.S. and China are now tied 48 to 48 in the national rankings. This was the 127th launch in 2021, tying it with 1976 for the second most successful year in rocketry in the history of space exploration. With five more announced launches on the schedule, there is a chance that this year could tie the record year, 132 in 1975.
Capitalism in space: In what will likely be its last launch in 2021, SpaceX early this morning successfully launched a reused Dragon cargo capsule to ISS.
This was the company’s 31st launch in 2021, extending its record for the most launches in a single year by a private company. The launch’s big news however was that the company used a new first stage booster, only the second time in 2021 that it needed to do so (the first was in May). The first stage successfully landed on the drone ship in the Atlantic, completing SpaceX’s 100th successful recovery.
The first such vertical landing had occurred in December 2015, and now six years later and after a hundred vertical landings, SpaceX remains the only orbital rocket entity in the world with such a capability. A very small handful of companies have performed tests with smaller scale prototypes, but that so much time has passed and no one has pushed forward to meet SpaceX’s challenge with even some full scale preliminary test flights does not reflect well on the innovative culture of the world’s rocket industry.
As for SpaceX’s yearly record, 31 launches actually exceeds the number of launches the entire U.S. rocket industry generally managed each year from 1970 through 2017. During much of that time the launch industry was run by NASA in a Soviet-style top-down system that stifled competition and innovation. Beginning in 2008, when SpaceX won its first contract with NASA, that system was abandoned by NASA, switching instead to capitalism and competition, whereby NASA was merely a customer buying its launches from the open market. The positive results from that change have been breath-taking, proving once again that freedom, competition, and private enterprise will win every single time over government programs and communist/socialist ideology.
The leaders in the 2021 launch race:
48 China
31 SpaceX
22 Russia
6 Europe (Arianespace)
5 ULA
5 Rocket Lab
The U.S. and China are now tied 48 to 48 in the national rankings. This was the 127th launch in 2021, tying it with 1976 for the second most successful year in rocketry in the history of space exploration. With five more announced launches on the schedule, there is a chance that this year could tie the record year, 132 in 1975.
Queen – You’re My Best Friend
An evening pause: We must always appreciate our friends, especially the ones who are honest and can be depended on.
Hat tip Dan Morris.
Class action securities fraud lawsuit filed against Virgin Galactic
Capitalism in space: In what will likely be the first in a number of similar legal actions, a lawsuit was filed against Virgin Galactic earlier this month accusing the company and a number of upper management individuals of securities fraud.
A class action lawsuit was filed in New York on Dec. 7 alleging securities fraud by Virgin Galactic, which went public on the New York Stock Exchange (NYSE) in October 2019 after merging with Chamath Palihapitiya’s Social Capital Hedosophia (SCH).
Named in the lawsuit are Virgin Galactic Holdings, CEO Michael Colglazier, former CEO George Whitesides, former current chief financial officer Doug Ahrens, and former chief financial officer Jon Compagna.
The lawsuit was filed amid years-long delays in the start of commercial human suborbital flights that have caused a sharp decline in the value of the stock. Virgin Galactic began trading on the New York Stock Exchange at an opening price of $12.34 on Oct. 28, 2019. The stock is now trading at $14.46 having previously soared to a high of $62.80.
The article description of the condition of the company’s WhiteKnightTwo carrier plane and its suborbital craft VSS Unity suggests that the likelihood of further tourist flight could be low.
It is also interesting that Richard Branson is not named, as he clearly played a part in any such action. He also conveniently sold most of his stock in the company when its price was on the high end of its roller coaster. It could be the plaintiffs left him out in order to keep his substantial financial big guns from firing back at them.
More lawsuits are expected however, and we should not be surprised if both Branson and Palihapitiya get included at some point.
Capitalism in space: In what will likely be the first in a number of similar legal actions, a lawsuit was filed against Virgin Galactic earlier this month accusing the company and a number of upper management individuals of securities fraud.
A class action lawsuit was filed in New York on Dec. 7 alleging securities fraud by Virgin Galactic, which went public on the New York Stock Exchange (NYSE) in October 2019 after merging with Chamath Palihapitiya’s Social Capital Hedosophia (SCH).
Named in the lawsuit are Virgin Galactic Holdings, CEO Michael Colglazier, former CEO George Whitesides, former current chief financial officer Doug Ahrens, and former chief financial officer Jon Compagna.
The lawsuit was filed amid years-long delays in the start of commercial human suborbital flights that have caused a sharp decline in the value of the stock. Virgin Galactic began trading on the New York Stock Exchange at an opening price of $12.34 on Oct. 28, 2019. The stock is now trading at $14.46 having previously soared to a high of $62.80.
The article description of the condition of the company’s WhiteKnightTwo carrier plane and its suborbital craft VSS Unity suggests that the likelihood of further tourist flight could be low.
It is also interesting that Richard Branson is not named, as he clearly played a part in any such action. He also conveniently sold most of his stock in the company when its price was on the high end of its roller coaster. It could be the plaintiffs left him out in order to keep his substantial financial big guns from firing back at them.
More lawsuits are expected however, and we should not be surprised if both Branson and Palihapitiya get included at some point.
Japanese tourists return to Earth after 12 days in space
Capitalism in space: Japanese tourists billionaire Yusaku Maezawa and his assistant Yozo Hirano safely returned to Earth yesterday in their Russian Soyuz capsule after spending 12 days on the Russian half of ISS.
Maezawa’s and Hirano’s flight contracts were negotiated by Space Adventures, the only company to date to fly its clients to the International Space Station. Prior to Soyuz MS-20, Space Adventures organized eight flights for seven self-funded astronauts (one flew twice).
Maezawa, 46, is the CEO of Start Today and founder of ZOZO, an online retail clothing business, which he sold to Yahoo! Japan. In 2018, he paid an undisclosed but substantial amount to SpaceX for a circumlunar flight on the company’s still-in-development Starship spacecraft. Maezawa’s “dearMoon” mission, which will fly him and a crew of artists around the moon, is currently targeted for launch in 2023.
Hirano, 36, managed the photography team at ZOZO and is now a film producer at Start Today. In addition to filming Maezawa during the mission, Hirano also took part in human health and performance research on behalf of the Translational Research Institute for Space Health (TRISH) at the Baylor College of Medicine in Houston, Texas. The studies included collecting electrocardiogram readings and using a portable auto-refractor device to collect sight data.
The article also notes a minor record set during this tourist flight. On December 11th a total of 19 people were in space, the most ever, though only for a very short time. Ten were on ISS, three were on China’s space station, and then six were launched on a suborbital flight that day by Blue Origin.
The next commercial tourist flight on the schedule is February’s first Axiom flight to ISS, carrying three customers to ISS for eight days.
Capitalism in space: Japanese tourists billionaire Yusaku Maezawa and his assistant Yozo Hirano safely returned to Earth yesterday in their Russian Soyuz capsule after spending 12 days on the Russian half of ISS.
Maezawa’s and Hirano’s flight contracts were negotiated by Space Adventures, the only company to date to fly its clients to the International Space Station. Prior to Soyuz MS-20, Space Adventures organized eight flights for seven self-funded astronauts (one flew twice).
Maezawa, 46, is the CEO of Start Today and founder of ZOZO, an online retail clothing business, which he sold to Yahoo! Japan. In 2018, he paid an undisclosed but substantial amount to SpaceX for a circumlunar flight on the company’s still-in-development Starship spacecraft. Maezawa’s “dearMoon” mission, which will fly him and a crew of artists around the moon, is currently targeted for launch in 2023.
Hirano, 36, managed the photography team at ZOZO and is now a film producer at Start Today. In addition to filming Maezawa during the mission, Hirano also took part in human health and performance research on behalf of the Translational Research Institute for Space Health (TRISH) at the Baylor College of Medicine in Houston, Texas. The studies included collecting electrocardiogram readings and using a portable auto-refractor device to collect sight data.
The article also notes a minor record set during this tourist flight. On December 11th a total of 19 people were in space, the most ever, though only for a very short time. Ten were on ISS, three were on China’s space station, and then six were launched on a suborbital flight that day by Blue Origin.
The next commercial tourist flight on the schedule is February’s first Axiom flight to ISS, carrying three customers to ISS for eight days.
SpaceX completes 2nd launch in less than 16 hours
Capitalism in space: SpaceX tonight successfully completed its second Falcon 9 launch in less than 16 hours (the company’s shortest time between launches), putting the communications satellite Turksat-5B into orbit.
The first stage successfully landed on the drone ship, completing its third flight. Both fairings flew their second flight.
More important, this was the 30th successful launch for SpaceX in 2021, which not only continues to extend its record for the most launches ever in a single year by a private company, it also exceeds the company’s prediction of 29 launches for ’21.
The leaders in the 2021 launch race:
48 China
30 SpaceX
22 Russia
6 Europe (Arianespace)
5 ULA
5 Rocket Lab
China now leads the U.S. 48 to 47 in the national rankings. This was the 126th successful launch in 2021, putting it in a tie for the third best year in rocketry since Sputnik.
Capitalism in space: SpaceX tonight successfully completed its second Falcon 9 launch in less than 16 hours (the company’s shortest time between launches), putting the communications satellite Turksat-5B into orbit.
The first stage successfully landed on the drone ship, completing its third flight. Both fairings flew their second flight.
More important, this was the 30th successful launch for SpaceX in 2021, which not only continues to extend its record for the most launches ever in a single year by a private company, it also exceeds the company’s prediction of 29 launches for ’21.
The leaders in the 2021 launch race:
48 China
30 SpaceX
22 Russia
6 Europe (Arianespace)
5 ULA
5 Rocket Lab
China now leads the U.S. 48 to 47 in the national rankings. This was the 126th successful launch in 2021, putting it in a tie for the third best year in rocketry since Sputnik.
Space Perspectives to build new balloon manufacturing facility in Florida
Capitalism in space: Space Perspectives, the company aiming to fly tourists to the edge of space using high altitude balloons, announced yesterday that is building a balloon manufacturing facility in Titusville, Florida, near its launch facility in the Kennedy Space Center.
Space Perspective, which has already sent up a successful test flight in 2021 and aims to have its first passengers in 2024, announced it would make the $38 million investment that projects the creation of 240 full-time permanent jobs in Brevard County by the end of 2026. The company said the annual average wage would be $80,000, and hiring will continue through 2022.
…The campus and balloon manufacturing facility will be at the Space Coast Airport and Spaceport in Titusville, the updated name of Space Coast Regional Airport in Titusville after it was awarded spaceport status in 2020 by the Federal Aviation.
The company is targeting 2024 for its first commercial tourist flights, with tickets priced at $125K each.
Capitalism in space: Space Perspectives, the company aiming to fly tourists to the edge of space using high altitude balloons, announced yesterday that is building a balloon manufacturing facility in Titusville, Florida, near its launch facility in the Kennedy Space Center.
Space Perspective, which has already sent up a successful test flight in 2021 and aims to have its first passengers in 2024, announced it would make the $38 million investment that projects the creation of 240 full-time permanent jobs in Brevard County by the end of 2026. The company said the annual average wage would be $80,000, and hiring will continue through 2022.
…The campus and balloon manufacturing facility will be at the Space Coast Airport and Spaceport in Titusville, the updated name of Space Coast Regional Airport in Titusville after it was awarded spaceport status in 2020 by the Federal Aviation.
The company is targeting 2024 for its first commercial tourist flights, with tickets priced at $125K each.
SpaceX in launch of 52 Starlink satellites reuses a 1st stage for the 11th time
Capitalism in space: SpaceX early this morning successfully launched another 52 Starlink satellites into orbit, reusing a Falcon 9 first stage for a record-setting 11th time.
The booster landed successfully on a drone ship in the Pacific, and can now be used again. This success adds weight to the company’s claim a few years ago that the final iteration of the Falcon 9 first stages have the potential for as many as 100 launches. SpaceX has now proven that the stage can fly more than ten times, and still be reused.
This launch also extended SpaceX’s record for the most launches ever by a private company in a single year.
The leaders in the 2021 launch race:
48 China
29 SpaceX
22 Russia
6 Europe (Arianespace)
5 ULA
5 Rocket Lab
China now leads the U.S. 48 to 46 in the national rankings. However, the race to see which country will end up with the most launches is getting tighter. SpaceX has another two launches scheduled in the next three days, with a Virgin Orbit launch following the next day.
This launch was the 125th in 2021, making it the sixth most active year in rocketry since Sputnik. Should those four launches above all succeed, it will be the second most active year, with an outside chance of beating the record of 132 launches from 1975.
Capitalism in space: SpaceX early this morning successfully launched another 52 Starlink satellites into orbit, reusing a Falcon 9 first stage for a record-setting 11th time.
The booster landed successfully on a drone ship in the Pacific, and can now be used again. This success adds weight to the company’s claim a few years ago that the final iteration of the Falcon 9 first stages have the potential for as many as 100 launches. SpaceX has now proven that the stage can fly more than ten times, and still be reused.
This launch also extended SpaceX’s record for the most launches ever by a private company in a single year.
The leaders in the 2021 launch race:
48 China
29 SpaceX
22 Russia
6 Europe (Arianespace)
5 ULA
5 Rocket Lab
China now leads the U.S. 48 to 46 in the national rankings. However, the race to see which country will end up with the most launches is getting tighter. SpaceX has another two launches scheduled in the next three days, with a Virgin Orbit launch following the next day.
This launch was the 125th in 2021, making it the sixth most active year in rocketry since Sputnik. Should those four launches above all succeed, it will be the second most active year, with an outside chance of beating the record of 132 launches from 1975.
Foxes and Fossils – I Heard The Bells On Christmas Day
An evening pause: I’ve posted this group before. Their Patreon site is here. The key words: “Peace on Earth, good will to men.”
Hat tip Gary McDaniel.