Tag: competition

Sierra Space pops another inflatable test space station module

9:56 am

Proposed Orbital Reef space station
Proposed Orbital Reef space station

Sierra Space announced yesterday that it had successfully completed its fourth test to failure of a one-third scale prototype inflatable space station module, dubbed LIFE, with work on the full scale module expected to begin next year and leading to the launch of its private commercial space station sometime later this decade.

In February, Sierra Space performed a month-long Accelerated Systematic Creep (ASC) test on LIFE – the first milestone in its 2023 testing campaign. Engineers loaded a one-third-scale version of the inflatable habitat with a sustained amount of pressure over an extended period until it failed. Per NASA’s recommended guidelines for inflatable softgoods certification, the test reached its goal of generating an additional data point – pressure and time to burst – which can be used to estimate the life of the primary pressure shell structure.

“Our testing campaign has demonstrated that our LIFE habitat pressure shell design has a predicted life of far greater than 60 years – or 525,600 hours – based on Sierra Space’s 15-year on-orbit life requirement and the applied 4x safety factor,” said Sierra Space Chief Engineer for LIFE, Shawn Buckley. “We are obviously simulating pressures well in excess of the norm.”

You can view video of the test here. The failure was so intense that it also blew up the test shack.

Sierra Space is part of a partnership with Blue Origin and others to build the Orbital Reef space station, one of four such stations with contracts with NASA. Sierra Space is building the station’s modules, while Boeing is providing the Starliner capsule for transportation. Blue Origin is supposed be providing larger modules and the New Glenn rocket for transportation, but the development of both continues to lag.

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Starliner’s first manned mission to ISS delayed again

9:36 am

According to a tweet by a NASA official, the first manned mission to ISS of Boeing’s Starliner capsule, carrying two NASA astronauts, has been delayed again, from the planned late April launch to sometime during the summer.

No reasons for the delay were given, as yet. The second link notes however that a schedule conflict at ULA, which is launching Starliner on its Atlas-5 rocket, might be part of the reason.

A launch in late April [of Starliner on the Atlas-5] would have put it in conflict with the inaugural launch of United Launch Alliance’s Vulcan Centaur rocket, currently scheduled for as soon as May 4. Vulcan and Atlas use the same launch pad at Cape Canaveral Space Force Station, and ULA has been conducting tests of the Vulcan rocket on that pad. It has not shared updates on the status of the Atlas 5 used for Starliner.

This conflict might also explain why Starliner itself has not yet been fueled, since Boeing officials have said they want to do this within 60 days of launch to avoid the same kind of valve leaks that delayed the second unmanned demo mission for almost a year.

Starliner itself is years behind schedule, a long delay that has cost Boeing an enormous amount of income. First, the problems during the first unmanned demo flight in December 2019 forced the company to do a second unmanned demo flight, on its own dime costing about $400 million. That second flight was then delayed because of those valve issues. All the delays next cost Boeing income from NASA, as the agency was forced to purchase many manned flights from SpaceX that it had intended to buy from Boeing.

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Rocket Lab and SpaceX successfully launch

9:10 am

There were two launches since yesterday, both American, both launching commercial satellites.

First, Rocket Lab put two Black Sky commercial Earth observation smallsats into orbit, using its Electron rocket launching from New Zealand. This was Rocket Lab’s second launch in less than a week.

Next, SpaceX put 56 Starlink satellites into orbit, launching from Cape Canaveral. The Falcon 9 rocket’s first stage completed its 10th flight, landing successfully in a drone ship in the Atlantic.

The leaders in the 2023 launch race:

20 SpaceX
11 China
5 Russia
3 Rocket Lab

American private enterprise now leads China 23 to 11 in the national rankings, and the entire world combined 23 to 18. SpaceX in turn trails the entire world combined, including American companies, by only 20 to 21.

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SpaceX might get investment capital from Saudi and UAE investors

10:23 am

According to several reports in the business press, SpaceX is presently negotiating with investment companies in Saudi Arabia and the United Arab Emirates (UAE) to possibly provide additional investment capital to the company.

Citing two individuals reportedly familiar with the matter, The Information noted that Saudi Arabia’s Water and Electricity Holding Company, Badeel, and the United Arab Emirates’ Alpha Dhabi are participating in the funding round. Morgan Stanley is reportedly organizing the investment effort.

At present it is unknown how much would be invested. It is also unclear if this foreign investment in an American rocket company can pass muster with the U.S. State Department.

SpaceX has already raised about $10 billion in private investment capital as well as $4 billion from NASA for the development of Starship/Superheavy.

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Italy funds development by Avio of smallsat rocket and methane engine

10:13 am

In a move that might eventually separate Italy from the European Space Agency’s (ESA) Arianespace commercial division, the Italian government on March 13, 2023 announced that it has committed $308 million to the Italian company Avio to develop both a methane-fueled engine and the smallsat rocket to go with it.

The money will be used by Avio on two projects, one to develop an upgraded version of its M10 methane-fueled engine that has already completed two dozen static fire tests, and the other to develop the smallsat rocket, with a targeted first launch in 2026.

While the investment is officially in partnership with the ESA, its wholly-Italian nature suggests in the end it will not be part of Arianespace, but function as an independent competing rocket operated and owned by Avio, which is also the company that developed Arianespace’s Vega family of rockets.

If Italy allows Avio to pull free of ESA and operate as a separate competing rocket company, it will do Europe a favor. Right now the monopolistic nature of ESA is preventing it from competing successfully in the new commercial launch market. Having separately owned and competing private companies will only energize this European industry, which has generally been moribund for years.

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First set of SpaceX’s second generation Starlink satellites experiencing issues

9:57 am

According to a tweet from Elon Musk yesterday, the first set of 21 larger second generation Starlink satellites, launched on February 27, 2023 by a Falcon 9 rocket, have experiencing “some issues.”

Some sats will be deorbited, others will be tested thoroughly before raising altitude above Space Station.

More information here.

Starting around March 15, their orbital altitude started to decrease at varying rates: most gradually, but at least two more steeply, descending to about 365 kilometers. All 21 remain in orbit, but that unusual behavior prompted speculation of problems with the satellites.

The second set of new Starlink satellites is scheduled for launch no earlier than March 30, 2023, but expect that launch to be delayed in order for SpaceX engineers to troubleshoot these issues and then apply what they have learned on the new satellites.

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Second stage on Relativity’s first launch fails to fire

9:36 am

The first test launch of Relativity’s 3D rocket, Terran-1, achieved the mission’s minimum goals, with the first stage performing exactly as planned and the 3D-printed rocket successfully completing engine cut-off and stage separation.

At that point the second stage engine failed to fire, and the upper stage fell into the ocean.

I have embedded the live stream from last night below. The company had made it clear that their number one goal for this flight was getting that 3D-printed rocket through max-q, the time when the atmospheric pressures on the rocket are their greatest. In this area the launch was a success.

This was also the first American launch of a methane-fueled rocket, and it was fascinating seeing the difference in the rocket’s plumes from other fuel types. Terran-1’s engine plumes were a clear distinct blue, quite different from the white and smokey plumes produced by solid-fueled and kerosene-fueled rocket engines, and the almost invisible plume of space shuttle’s hydrogen-fueled engines.

As yet, no methane-fueled rocket has reached orbit, though two Chinese companies and Relativity have tried. SpaceX will try itself when it launches Superheavy/Starship.
» Read more

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Virgin Orbit resumes limited operations

10:12 am

In anticipation of a possibly deal to save the company, Virgin Orbit officials have resumed limited operations, bringing back a small number of employees to work on crucial issues required for its next launch.

“Our first step will begin Thursday of this week, when we plan to return a subset of our team to focus on critical areas for our next mission,” Virgin Orbit said in a statement. “We are looking forward to getting back to our mission and returning to orbit.”

…Reuters reported that Virgin Orbit is working on a $200 million infusion from Texas-based venture capital investor Matthew Brown via a private share placement, citing a term sheet. Following a meeting by Virgin Orbit’s board on Tuesday, the two sides plan to close the deal on Friday, according to the non-binding term sheet, Reuters said.

Should the company resume full operations and launch again, I am certain it will not launch from the United Kingdom, at least not until the UK has fixed its launch licensing bureau, the Civil Aviation Authority, which took so long to approve Virgin Orbit’s launch from Cornwall it practically bankrupted the company.

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Hakuto-R1 enters lunar orbit

10:05 am

Lunar map showing Hakuto-R1's landing spot
Hakuto-R1’s planned landing site is in Atlas Crater.

The lunar lander Hakuto-R1, privately-built by the Japanese company Ispace, has now successfully entered lunar orbit in anticipation of its landing sometime next month.

Tokyo-based ispace said that its HAKUTO-R Mission 1 lander entered orbit at 9:24 p.m. Eastern March 20 after a burn by its main engine lasting several minutes. The company did not disclose the parameters of the orbit but said that the maneuver was a success.

…Entering orbit is the seventh of 10 milestones ispace set for the mission that started with launch preparations. The final three milestones are completing “orbital control maneuvers,” the landing itself and going into a steady state of activities after landing.

The spacecraft carries several payloads, the most significant of which is the United Arab Emirates Rashid rover.

If Hakuto-R1 completes its 10 milestones successfully, it will lay the groundwork for Ispace’s second Hakuto-R mission to the Moon in 2024, and an even larger lander on a third mission to follow, this time built in partnership with the American company Draper and carrying NASA payloads.

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South Korean private rocket startup completes first suborbital rocket test

9:12 am

Innospace, a South Korean private rocket startup, on March 19, 2023 successfully completed the first test flight of a suborbital prototype, launching from Brazil’s Alcantara Launch Center.

The rocket flew for 4 minutes and 33 seconds before falling into the designated safety zone. The engine lasted for 106 seconds, which fell short of the previously planned 118 seconds, yet its performance was stable, according to Innospace. Hanbit-TLV, the test vehicle, is a 16.3-meter (53.5-foot) single-stage rocket designed to verify the performance of a 15-ton-thrust rocket engine developed by Innospace.

The company will now develop its full-scale orbital rocket, dubbed Hanbit-Nano, “capable of carrying 50-kilogram (110-pound) payload into space, equipped with a 15-ton-thrust hybrid engine powered by solid fuel and liquid oxidizer.” A 2024 launch is the goal, possibly from a new commercial spaceport in Norway.

More information here. The rocket also carried a payload for the Brazilian military, which is why by contract Innospace officials could not release the exact altitude reached by the rocket.

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SpaceX launches two SES communication satellites

5:50 pm

Only a few hours after SpaceX launched 52 Starlink satellites from California, the company successfully launched two communications satellites for the Luxembourg company SES, using its Falcon 9 rocket launching from Cape Canaveral.

The first stage completed its sixth flight, landing safely on a drone ship in the Atlantic. The rocket’s two fairings completed their third and seventh flights, respectively.

The leaders in the 2023 launch race:

19 SpaceX
11 China
4 Russia
2 Rocket Lab

American private enterprise now leads China 21 to 11 in the national rankings of this year’s launches, and the whole world combined 21 to 17. SpaceX by itself is tied with the rest of the world, including other American companies, 19 to 19.

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Starship launch still stalled by FAA

3:47 pm

According to a tweet by Elon Musk today, Starship will be ready for its first orbital test launch in a few weeks.

Musk also noted however that SpaceX is still awaiting the FAA’s launch license, and because of this he now expects the launch in the third week in April.

Why it is taking months for the FAA to issue this license is disturbing, and suggests that under the Biden administration the feds are behaving more and more like the incompetent Civil Aviation Authority in the UK, which stonewalled Virgin Orbit’s launch for months so that the company now sits on the verge of bankruptcy.

Hat tip to BtB’s stringer Jay for this story, who will be gone for the next two weeks on vacation. Have fun Jay.

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SpaceX launches another 52 Starlink satellites

2:58 pm

SpaceX today successfully put another 52 Starlink satellites into orbit using its Falcon 9 rocket launching from Vandenberg Space Force Base in California.

The first stage completed its 8th flight, landing on a drone ship in the Pacific.

A second SpaceX launch today, this time from Cape Canaveral, Florida, is set to launch very shortly, so the leader board for the 2023 launch race will also change as well:

18 SpaceX
11 China
4 Russia
2 Rocket Lab

American private enterprise now leads China 20 to 11 in the national rankings, and the entire globe combined 20 to 17. SpaceX now trails the entire world, including American companies. 18 to 19.

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Both India’s Chandrayaan-3 and Intuitive Machine’s Nova-C lunar landers pass vibration tests

9:21 am


Click for interactive map.

According to separate announcements just released, both India’s Chandrayaan-3 lander/rover and Intuitive Machine’s private Nova-C lunar lander have passed their last ground tests and are now ready for launch to the Moon later this year.

India’s space agency ISRO successfully completed testing of its Chandrayaan-3 lunar lander/rover in early March, completing vibration tests of the spacecraft and proving it will be able to survive the stresses during launch. The spacecraft successfully completed radiation testing in February.

ISRO is now targeting June 2023 for Chandrayaan-3’s launch.

Intuitive Machines meanwhile announced yesterday that its Nova-C lander has completed vibration testing, and is ready for launch later this year.

The map to the right shows the landing sites of these planned landers near the Moon’s south pole (indicated by the white cross), as well as Russia’s long-delayed lunar lander, Luna-25, which is now targeting a July launch.

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Astra asks for more time from Nasdaq before its stock is delisted

8:54 am

The rocket startup Astra has now asked Nasdaq to give it an extra six months beyond the early April deadline to get its stock price above $1 in order to avoid getting delisted from the stock market.

With its share price at $0.42 upon closing Thursday, Astra Chief Financial Officer Axel Martinez wrote in a blog post that the space company formally requested on Monday another six-month window to raise the share price above $1 for 10 consecutive business days as required to stave off a delisting.

It appears the company might be considering a reverse-stock split, whereby stocks are combined with the total number reduced, thus artificially raising the stock price. Nasdaq will consider this tactic an acceptable solution, though it is also considered a last-ditch approach.

Right now Astra is no longer an operational rocket company, having discontinued its Rocket-3 rocket. It says it is developing a new rocket, dubbed Rocket-4, but whether it can get this operational before it runs out of money or gets delisted remains unknown.

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Rocket Lab and China launch satellites successfully

8:40 am

Both the American company Rocket Lab and China have successfully placed satellites in orbit in the past day.

First, Rocket Lab successfully placed two Earth observation satellites for the company Capella yesterday. This was also its second launch from Wallops Island in Virginia. The company made no attempt to recover the first stage.

Next, China today used its Long March 3B rocket to place its own Earth observation satellite into orbit from its Xichang spaceport, located in the country’s northeast but far from the ocean. No word on whether the rocket’s first stage and four strap-on boosters crashed near habitable areas.

The leaders in the 2023 launch race:

17 SpaceX
11 China
4 Russia
2 Rocket Lab

For the rest of the year, I will only list the leaders with each launch update. At this moment, American private enterprise leads China 19 to 11 in the national rankings, and the entire world combined 19 to 17. SpaceX alone now trails the rest of the world combined, including American companies, 17 to 19.

These numbers will likely change later today, as SpaceX has two launches scheduled in just a few hours. One launch will place two communications satellites in orbit for the Luxembourg company SES. The other will launch another 52 Starlink satellites.

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Student cubesat demonstrates how to use a solar sail for satellite deorbit

10:04 am

Using cheap off-the-shelf parts students at Brown University have successfully tested a simple solar sail in space and shown how it can be used to de-orbit satellites efficiently and inexpensively.

They built a satellite on a shoestring budget and using off-the-shelf supplies available at most hardware stores. They even sent the satellite — which is powered by 48 Energizer AA batteries and a $20 microprocessor popular with robot hobbyists — into space about 10 months ago, hitching a ride on Elon Musk’s SpaceX rocket.

…The students added a 3D-printed drag sail made from Kapton polyimide film to the bread-loaf-sized cube satellite they built. Upon deployment at about 520 kilometers — well above the orbit of the International Space Station — the sail popped open like an umbrella and is helping to push the satellite back down to Earth sooner, according to initial data. In fact, the satellite is well below the other small devices that deployed with it. In early March, for instance, the satellite was at about 470 kilometers above the Earth while the other objects were still in orbit at about 500 kilometers or more.

Based on the data, it is expected the cubesat will burn up in the atmosphere in five years, not twenty-five or so predicted for the other cubesats launched to the same orbital elevation.

This experiment above all proves that most of the very expensive demo missions to test this kind of technology have been grossly over-budget. The entire cost of this student-built project was just $10,000, and it actually was more successful in proving this technology than a number of past solar sail projects that cost millions.

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Virgin Orbit pauses operations; seeks funding

9:15 am

Virgin Orbit today paused all operations for at least a week, putting almost its entire staff on furlough as it seeks new financing.

Chief Executive Dan Hart told staff that the furlough would buy Virgin Orbit time to finalise a new investment plan, a source who attended the event told Reuters news agency. It was not clear how long the furlough would last, but Mr Hart said employees would be given more information by the middle of next week.

If Virgin Orbit dies, its death will be because a British government agency killed it. The company had planned on launching from Cornwall in the early fall of 2022, at the latest, and then do several other launches in 2022, all of which would have earned it revenue. Instead, the UK’s Civil Aviation Authority (CAA) delayed issuing the launch license until January 2023, about a half a year later, preventing Virgin Orbit from launching for that time and literally cutting it off from any ability to make money. The result was that it ran out of funds.

Obviously the launch failure that followed the CAA’s approval did not help. Nor did the company’s decision to rely on only one 747 to launch its satellites. Nonetheless, the fault of this company’s death can mostly be attributed to a government bureaucracy that failed in its job so badly that it destroyed a private company.

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China’s Long March 11 rocket launches classified Earth observation satellite

9:06 am

China yesterday used its Long March 11 solid-fueled four-stage rocket to launch a classified Earth observation satellite into orbit.

The launch was from an interior spaceport, so the rocket’s lower stages crashed somewhere in China or Mongolia. No word on if they landed near habitable areas.

The 2023 launch race:

17 SpaceX
10 China
4 Russia
1 Rocket Lab
1 Japan
1 India

American private enterprise still leads China 18 to 10 in the national rankings, and the entire world combined 18 to 16. SpaceX alone is now tied with entire world, including the rest of the U.S., 17 to 17.

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Firefly wins its second NASA contract to land payloads on the Moon

8:59 am

Capitalism in space: Firefly announced today that it has won a $112 million NASA contract to use its Blue Ghost lunar lander to bring three instruments to the Moon, one into orbit and two on the ground on the far side of the Moon.

Before landing on the Moon, the company’s Blue Ghost transfer vehicle will deploy the European Space Agency’s Lunar Pathfinder satellite into lunar orbit to provide communications for future spacecraft, robots, and human explorers. After touching down on the far side of the Moon, the Blue Ghost lunar lander will deliver and operate NASA’s S-Band User Terminal, ensuring uninterrupted communications for lunar exploration, and a research-focused payload that measures radio emissions to provide insight into the origins of the universe.

The NASA press release provides more details about the three payloads.

This is Firefly’s second NASA lunar lander contract. The first is scheduled to land in 2024 and deliver ten NASA science instruments to Mare Crisium, the large mare region in the eastern side of the Moon’s visible hemisphere. This second flight is tentatively scheduled to launch in 2026.

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NASA agrees to Axiom’s third planned commercial passenger mission to ISS

8:45 am

NASA today announced that it has given Axiom the go-ahead for its third planned commercial passenger mission to ISS, now tentatively scheduled for November 2023.

Axiom Mission 3 (Ax-3) is expected to spend 14 days docked to the space station. A specific launch date is dependent on spacecraft traffic to the space station and in-orbit activity planning and constraints. NASA and Axiom Space mission planners will coordinate in-orbit activities for the private astronauts to conduct in coordination with space station crew members and flight controllers on the ground.

As NASA did in announcing its agreement to Axiom’s previous flight, the agency’s press release makes believe it “selected” Axiom for this flight, as if it had the power and right to do so. Hogwash. Axiom has purchased the flight from SpaceX, and wishes to rent space on ISS for two weeks for its customers. All NASA has done is agree to the deal, while also charging Axiom very large fees for that rental.

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SpaceX launches cargo Dragon to ISS

5:43 pm

Capitalism in space: SpaceX tonight successfully used its Falcon 9 rocket to put a cargo Dragon capsule into orbit and on its way to ISS.

The first stage successfully completed its seventh flight, landing on a drone ship in the Atlantic. The Dragon freighter is making its third flight, and will dock with ISS on the morning of March 16th.

The 2023 launch race:

17 SpaceX
9 China
4 Russia
1 Rocket Lab
1 Japan
1 India

American private enterprise now leads China 18 to 9 in the national rankings, and the entire world combined 18 to 15. SpaceX alone leads entire world, including the rest of the U.S., 17 to 16.

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LeoLabs to establish radar facility in Argentina

9:41 am

LeoLabs, a private commercial company aiming to provide orbital tracking of all space objects as small as two centimeters, has announced plans to establish its seventh global radar facility in Argentina.

The S-band radar, scheduled to be completed by the end of the year, will be located on the archipelago of Tierra del Fuego. “The Southern Hemisphere has not been well covered for space safety and space domain awareness,” LeoLabs CEO Dan Ceperley told SpaceNews. “There are a lot of conjunctions close to the North Pole and the South Pole. This radar will make a very meaningful improvement in the tracking of those conjunctions.”

Currently, LeoLabs tracks objects in low-Earth orbit with phased array radars in Alaska, Australia, Portugal’s Azores archipelago, New Zealand, Texas and Costa Rica.

The company essentially competes with the Space Force in tracking object in orbit, and has raised more than $100 million in private investment capital to build its ground stations.

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Space startups get their SVB assets back when Feds move in

9:34 am

Because of the decision of the federal government to guarantee all deposits at the failed Silcon Valley Bank (SVB), even those above the $250K limit set by the FDIC law, several space rocket startups are no longer threatened with failure, for now.

Astra for example is now seeking to move as quickly as it can its assets, equaling about 15% of the company, to other financial institutions.

I would expect this incident will cause every company to make sure their assets are distributed more widely, as a hedge against the failure of one bank.

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Chinese pseudo-commercial rocket industry gearing up to launch numerous times from interior spaceport

12:07 pm

China's spaceports

Even as China is presently building a commercial launch facility at its Wenchang spaceport on the coast, at least four of China’s pseudo-commercial rocket companies are gearing up to launch numerous times from the Jiuquan Satellite Launch Center in the interior of China.

The link above shows the launch sites being built at Jiuquan by pseudo-companies Landspace, Expace, CAS Space, and Space Pioneer. The map to the right illustrates what these interior launches will mean. Since none of these pseudo-companies will be vertically landing their first stages — at least not for several years — it means that numerous first stages will be coming down in many areas in China and Mongolia, most of which will be uncontrolled descents.

Eventually the Wenchang launch facility on the coast will become available, but based on past Chinese actions, do not expect these pseudo-companies to end their operations at Jiuquan at that time. All are controlled by the Chinese government, which has made it very clear it really doesn’t care if first stages crash near habitable areas.

Hat tip to BtB’s stringer Jay for this story.

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Russia and China launch satellites

9:20 am

Two launches today in Russia and China.

First China used its Long March 2C rocket to launch a “remote sensing satellite” into orbit. No other information about the satellite was released. Nor was any information about whether the rocket’s first stage landed near habitable areas.

Next Russia used its Proton rocket to launch a classified satellite, likely a military surveillance satellite, into orbit. Like China Russia launches from an interior spaceport, with its first stage falling “in Karaganda Region of Kazakhstan,” with the second stage landing in drop zones in Russia. Russia, which has been doing this regularly for more than a half century, has always done a good job either avoiding habitable areas with the first stage crash, or keeping such stories out of the international press.

The 2023 launch race:

16 SpaceX
9 China
4 Russia
1 Rocket Lab
1 Japan
1 India

American private enterprise still leads China 17 to 9 in the national rankings, and the entire world combined 17 to 15. SpaceX alone is now tied with the entire world, including all other American companies, 16 all.

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Relativity scrubs launch today again

2:06 pm

Relativity today was once again unable to complete the first launch of its Terran-1 prototype rocket.

The failure to launch was not for want of trying. The first countdown was first put on hold at T-1:10 when a boat entered the range. Once removed, the launch team picked up the count from that point without any recycle, but at T-0 the rocket’s internal computer sensed an issue and aborted the launch.

The launch team then reassessed, adjusted that issue, and tried again for a launch at the last second of the launch window, essentially duplicating the circumstances of an instantaneous launch window. The count this time got down to T-45 seconds when once again the rocket’s internal computer sensed an issue and aborted the launch.

No word yet on when the company will try again. If anything, Relativity’s launch team is getting a lot of practice and training with each launch attempt, critical knowledge needed for future launches.

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Some space startups threatened by Silicon Valley Bank failure

9:41 am

Link here. The companies mentioned in the article are Astra, BlackSky, Planet, Redwire, Rocket Lab, and Space Perspective.

Rocket Lab has about 8% of its cash assets now trapped by the closure. All the companies had loans from Silicon Valley Bank, some of which were paid off prior to the crash. This quote suggests the situation is critical for some space startups:

“It’s a very serious situation,” said a space sector entrepreneur who asked not to be identified. “Our balance is suddenly only $450. There has been no communication from SVB even after the event became known. Our primary SVB liaison, who has been very attentive in the past, is unreachable by any means. It’s appalling.”

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