Tag: competition

SpaceX looking to raise more private investment capital

3:47 pm

According to a report yesterday by Bloomberg, SpaceX is now in talks to raise more private investment capital, based on a new and vastly increased valuation of the company, from $255 billion to $350 billion.

A so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in closely held companies such as SpaceX a way to generate liquidity.

The amount the company hopes to raise by this tender is at present not known. In the past decade the company has raised about $12 billion in private capital in order to fund development of both its Starship/Superheavy rocket as well as its Starlink internet constellation. The latter however is already generating about $9 billion in revenue annually in the past two years, more than enough to fund the projects.

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PLD obtains a new loan, this time for $11.6 million

11:45 am

The Spanish rocket startup PLD yesterday announced it has obtained a new $11.6 million loan that it plans to use to build its launch facility at the French-owned French Guiana spaceport.

The loan was issued by the Spanish governmment finance agency COFIDES, which comes on top of an earlier $43.8 million Spanish government grant. In addition, the company has gotten a $2.4 million grant from the European Commission, as well as a $1.37 million grant from the European Space Agency.

The company has also obtained a loan of $34 million from banks in Spain.

All told, the company has raised about $164 million, more than $58 million came from government agencies, with another $34 million from loans.

For whatever reason, PLD has found favor with the various governments in Europe, fueling its work. None of the other European rocket startups from Germany or Great Britain have been as lucky.

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Varda wins $48 million Air Force contract

9:29 am

Varda's space capsule, on the ground in Utah
Varda’s first capsule on the ground in Utah.

The U.S. Air Force last week awarded the reusable orbiting capsule company Varda a four-year $48 million contract for placing experimental hypersonic payloads on the capsule for testing during its re-entry through the atmosphere.

The four-year deal with AFRL [Air Force Research Laboratory], announced on Nov. 26, leverages Varda’s W-Series reentry capsules as platforms to test payloads at hypersonic speeds. The spacecraft are built on Rocket Lab’s Photon satellite bus,

…Varda’s next mission, W-2, is scheduled for early 2025. This mission is designed to showcase the Varda Hypersonic Testbed vehicle. The capsule will carry an AFRL-developed spectrometer payload named OSPREE (Optical Sensing of Plasmas in the Reentry Environment) to collect critical data during atmospheric descent.

Up until now Varda’s customers have been entirely focused on using the capsule to produce pharmaceuticals in weightlessness for sale back on Earth. This new contract provides it another and initially unexpected way to make money on the capsule’s capabilities.

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China launches communications test satellite

9:19 am

China today successfully launched a communications satellite designed according to its state-run press to test new communication technologies, its Long March 3B rocket lifting off from its Xichang spaceport in southwest China.

No word on where the rocket’s lower stages and four strap-on boosters, all using toxic hypergolic fuels, crashed inside China.

The leaders in the 2024 launch race:

124 SpaceX
57 China
15 Russia
13 Rocket Lab

American private enterprise still leads the rest of the world combined in successful launches 143 to 85, while SpaceX by itself leads the entire world, including American companies, 124 to 104.

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China completes first launch of its Long March 12 rocket

9:19 pm

China today successfully launched for the first time its new Long March 12 rocket, lifting off from its coastal Wenchang spaceport and placing “two technology test satellites” into orbit.

The two-stage rocket, powered by burning kerosene and liquid oxygen, is notable as the first 3.8-metre-wide rocket launched so far by China, said Wu Jialin, an engineer with the Shanghai Academy of Spaceflight Technology under CASC, which developed the spacecraft.

Most Chinese rockets have a diameter of 3.35 meters, Wu told a press conference on site shortly after the launch was announced successful. “A wider body means the rocket can hold about 30 per cent more propellant, giving it much enhanced carrying capacity,” he said.

For comparison, the Falcon 9 has a diameter of 3.7 meters, though its payload fairing is wider. China intends to use this new rocket to launch its own large satellite constellations to compete with SpaceX.

The leaders in the 2024 launch race:

124 SpaceX
56 China
15 Russia
13 Rocket Lab

American private enterprise still leads the rest of the world combined in successful launches 143 to 84, while SpaceX by itself leads the entire world, including American companies, 124 to 103.

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Construction begins for 3rd spaceport in Scotland

8:04 am

Map of spaceports surrounding Norwegian Sea

Construction of a third spaceport in Scotland has now begun, its location on the northwest coast of the island of North Uist (as shown on the map to the right), with its plans to serve suborbital launches initially.

The Highlands and Islands Enterprise, a Scottish government agency focused on regional development, has allocated £947,000 for the construction of the site’s enabling infrastructure. Additionally, the Comhairle is contributing £675,000 from its 2023-2028 capital programme. The total cost of the enabling works project is estimated to be £2.6 million.

After the construction of the enabling infrastructure is complete, which is expected to occur by Spring 2025, a private sector operator will take over to complete the second phase of construction and manage the spaceport.

According to the Wikipedia page for this area on North Uist, the project was first proposed in 2019, and was then hoping to attract orbital launches. Subsequent opposition by activists slowed development and likely reduced the project from orbital to suborbital, at least for now.

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SpaceX launches 24 Starlink satellites

12:35 am

SpaceX tonight successfully placed another 24 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

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

The leaders in the 2024 launch race:

123 SpaceX
55 China
15 Russia
13 Rocket Lab

American private enterprise now leads the rest of the world combined in successful launches 142 to 83, while SpaceX by itself leads the entire world, including American companies, 123 to 102.

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Russia launches radar satellite

3:36 pm

Russia today successfully launched a new radar Earth-observation satellite, its Soyuz-2 rocket lifting off from its Vostochny spaceport in the far east.

The leaders in the 2024 launch race:

122 SpaceX
55 China
15 Russia
13 Rocket Lab

American private enterprise still leads the rest of the world combined in successful launches 141 to 83, while SpaceX by itself leads the entire world, including American companies, 122 to 102.

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Update on Astroscale’s mission to de-orbit a OneWeb satellite

9:34 am

Link here. Lots of details. The project is now targeting a ’26 launch, and if successful would be the first to capture a spacecraft in orbit and de-orbit it commercially — assuming some other orbital tug company doesn’t do it first.

One tidbit from the article that I had not known:

While the UK Space Agency and European Space Agency have provided around $35 million in funds, … Astroscale is financing “well over 50%” of the mission.

In other words, both the UK and ESA are following the capitalism model. They have left ownership and control of the de-orbit tug to Astroscale, which means they require it to obtain outside private investment capital on its own.

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American spaceplane startup signs deal with Australian spaceport startup

10:17 am

Australian commercial spaceports
Australia’s commercial spaceports. Click for original map.

The American spaceplane startup Titans Space, which hopes to develop a reusuable space plane based on designs developed in the 1970s by Rockwell, has now signed a deal with the Australian spaceport startup Space Port Australia to work together to find an Australian location for both building the spaceplane and launching it.

Titans Space, a company that is taking an innovative approach to the space industry, has ambitious plans to become the largest low-earth orbit and lunar space tourism company in the world, as well as the largest “real estate owner in space and the Moon”.

Space Port Australia, which is headquartered in the NSW regional town of Moree, is committed to creating an integrated space facility which fosters innovation, industry, education and helps grow Australia’s place in the space sector.

Though Titans has raised some investment capital, this project is right now in its aspirational phase. It is very possible none of this will happen. This announcement is mostly an attempt to generate interest in both projects.

As for Space Port Australia, if it finds a location for this project it would be the fourth spaceport in Australia, joining the three spaceports that already have completed or have planned launches, as shown on the map to the right.

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FCC approves use of Starlink for direct cell-to-satellite T-Mobile service

10:02 am

Despite objections from all of SpaceX’s competitors, the FCC has now approved the use of its Starlink constellation for direct cell-to-satellite service as part of T-Mobile’s cellular network.

The decision noted that many technical issues still must be cleared.

There are a few limitations on how this type of service (which the FCC calls “supplemental coverage from space,” or SCS) can work. Right now it officially has to operate as an extension of an existing terrestrial provider, in this case T-Mobile. That’s because the regulations on how you broadcast stuff in space are different from those for how you broadcast stuff to and from a phone (as opposed to a base station antenna). AT&T, for its part, is partnering with AST SpaceMobile.

SpaceX must also be sure that its service does not interfere with other services on the ground, while the ground services do not have to worry about whether they might interfere with the satellite signals.

Nonetheless, this approval likely means that soon users of T-Mobile (as well as AT&T) will no longer have any dead zones. When there are no cell towers available, their phones will simply access the orbiting constellations of either Starlink or AST SpaceMobile.

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ESA flies suborbital rocket from Swedish spaceport

9:55 am

Proposed spaceports surrounding Norwegian Sea
Proposed spaceports surrounding Norwegian Sea

The European Space Agency (ESA) yesterday successfully flew a small suborbital rocket from the Esrange spaceport in Sweden, completing the sixteenth such flight since 1987.

The rocket reached an altitude of 256 km before falling back to Earth and providing approximately six minutes of microgravity to six scientific experiments onboard.

…All systems performed well during the flight and the valuable payloads were recovered by helicopter soon after landing. Flight samples of the experiments will now be returned for further analysis to science teams from Sweden, Germany and Finland, after more than two years of preparations.

This suborbital launch is only a preliminary of much bigger things to come. The rocket startup Firefly is building a launchpad at Esrange for orbital launches. Furthermore, the European startup MaiaSpace, a subsidary of ArianeGroup, plans to do tests of its partly reusable Maia rocket there in 2025.

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