Money for space

The competition heats up: Three stories today about investors putting money into different space related business ventures are worth consolidating into one post, as they all indicate the same thing.

The first story involves a takeover by SES of the O3b satellite constellation that provides internet service globally. They already have 12 satellites in orbit, and have plans to launch 8 more by 2019. A partial list of their customers (Digicel Pacific, Royal Caribbean Cruise Lines, American Samoa Telecom, Speedcast, Rignet, Bharti International (Airtel), Timor Telecom, CNT Ecuador, Entel Chile and NOAA) illustrates the solidity of the company’s success, which is also why SES is spending $20 million to own it.

In the second two stories we find investment capital being committed for two different and unusual space-tourism-related companies. World View plans to launch high altitude balloons with passengers, taking them up 20 to 30 miles for a several hour journey on the edge of space. That they have secured an additional $15 million in investment even as their deal with the city of Tucson is being challenged in court indicates the confidence the investors have in their business.

SpaceVR is even more interesting. They plan to launch smallsats with cameras providing a 360 degree view, and link them to virtual reality headsets here on Earth. Consumers will then be able to experience being in space, without actually going. Though the press release does not specific how the product will be sold, it suggests that they are aiming for the education and museum market.

All three stories prove that the modern investment community, normally very adverse to high risk endeavors, is increasingly finding that the financial benefits of space travel and anything related to it are worth the financial risks. This fact can only lead to good things for the eventual development and exploration of space.

Moreover, the third story once again demonstrates the value of reducing the cost to get into orbit. SpaceVR’s idea is a very good one, but it couldn’t have happened before SpaceX forced a reduction in launch prices. Beforehand, no one could have afforded to buy the product because of the high cost to launch the satellites. Now, because the launch price is affordable, it can be marketed at a realistic price.

In other words, lower the price, and you increase the number of customers able to buy your product. I expect the rocket business to boom in the coming years.

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SpaceX gets its first official Air Force contract

The competition heats up: On April 27 the Air Force made it official and announced that SpaceX has won its first military contract, breaking ULA’s launch monopoly.

This contract award really isn’t a surprise, as SpaceX had been certified by the Air Force as a qualified bidder, and ULA had declined to bid on this particular contract, leaving SpaceX as the Air Force’s only possible contractor.

Update: The Air Force has admitted that SpaceX’s $83 million price is 40% less than what ULA has typically charged for a comparable launch, confirming what Elon Musk and SpaceX (and many others, including myself back in 2005) have claimed all along, that the Air Force’s EELV bulk buy (giving ULA an Air Force launch monopoly) was a bad idea, discouraging innovation, forcing costs up, and guaranteed to force the government to spend a lot of unnecessary extra money.

I must add that it is definitely worthwhile reading my UPI column from 2005 again, now, more than a decade later. I predicted quite accurately what has subsequently happened following the merger of Lockheed Martin and Boeing to form ULA.

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Another successful launch for India

The competition heats up: India has successfully launched its seventh home-built GPS satellite, completing their GPS constellation.

The seven first-generation satellites have been launched over a three-year period, starting with the deployment of IRNSS-1A in July 2013. ISRO has launched all of the satellites itself using the PSLV rocket. The flight number for Thursday’s launch was PSLV C33, which saw the vehicle fly in its most powerful configuration, the PSLV-XL. This version of the PSLV was introduced in October 2008 with the launch of the Chandrayaan-1 lunar probe, and features more powerful solid rocket boosters than the standard PSLV, increasing the amount of payload it can carry into orbit.

Meanwhile, they are gearing up for the first test flight of the engineering prototype of their reusuable spaceplane.

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First launch from Vostochny a success

The competition heats up: After more than a decade of construction and more than $6 billion, the new Russian spaceport succeeded in its first rocket launch in the early morning hours of April 28, sending three satellites into Earth orbit.

Several news stories have said that Putin was not happy about the one day launch delay due to a computer issue, as well as the one day delay of a Soyuz launch in French Guiana earlier in the week.

Meanwhile, don’t expect any further launches at Vostochny for a long time. The spaceport really isn’t ready for regular operations. This launch was merely a face-saving gesture to disguise the fact that construction is really more than a year behind schedule, not three months.

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Tallest tunnel slide to open in London

A reason to go to London: The world’s tallest tunnel slide, almost 600 feet long and 250 feet high, is being built as part of a sculpture that was part of the 2012 Olympic games location.

Once complete, the slide will be 178-m (584-ft) long and 76-m (249-ft) high, making it, according to the ArcelorMittal Orbit, the “world’s tallest and longest tunnel slide.” Riders will experience 12 twists and turns, including a tight corkscrew section called the “bettfeder,” which is German for “bedspring.” The slide ends with a 50-m (164-ft) straight stretch to the ground.

It is estimated that it will take about 40 seconds for people to descend the slide, with riders expected to hit speeds of up to 15 mph (24 km/h). On the way down, there will be dark sections, as well as points where it will be possible for riders to see out of transparent polycarbonate windows, providing brief views out over the Olympic Park and surrounding areas.

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Dragon to go to Mars in 2018

The competition heats up: Though no details have yet been released, SpaceX has announced through its twitter feed that they plan to send a Dragon to Mars by 2018.

This is not really a surprise, as rumors have been circulating literally for years of Musk’s Martian goals. Nor am I doubtful they can do it. What is important about this announcement is that it suggests that they are now confident that the delays for the first Falcon Heavy launch are mostly over, and that it will happen in the fall as presently planned. With this rocket they will have the launch capability to do a test flight to Mars.

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April 25, 2016 Zimmerman Space Show appearance

My appearance on the Space Show yesterday is now available as a podcast. I strongly recommend people listen to it, especially the first hour. During that section I compared at length the cost and practicality of the Falcon Heavy with SLS/Orion, and noted how badly Congress and Presidents from both parties have served the American people these past twenty years in mismanaging our aerospace industry.

David Livingston called it a rant, and criticized me for it during the show, but I think the time has come for more Americans to rage in horror at the foolishness and possible corruption of our elected leaders in Washington.

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A close look at Falcon 9’s reusable cost savings

Link here.

The analysis is interesting and thoughtful, though some of the negative comments quoted from a former NASA engineer only illustrate why NASA was unable to do this very well. Moreover, these comments from Arianespace’s chief suggest that Arianespace doesn’t understand basic economics.

Arianespace Chief Executive Stephane Israel, in an April 23 briefing at Europe’s Guiana Space Center here on the northeast coast of South America, said Europe’s launch sector can only guess at how much SpaceX will need to spend to refurbish its Falcon 9 first stages. Israel said European assessments of reusability have concluded that, to reap the full cost benefits, a partially reusable rocket would need to launch 35-40 times per year to maintain a sizable production facility while introducing reused hardware into the manifest.

…Israel’s argument, which he has made before, is that even if first stages can be recovered and refurbished in a cost-effective way, the launch rate needed for maximum cost savings – and hence price reductions to customers – is beyond Europe’s reach. The only nations today whose governments are launching sufficiently often to reach those rates are the United States and China, and even these government markets may be insufficient, in and of themselves, to close the business case.

The customer base is not static. If you lower the price, the customer base grows, a fact that Elon Musk understands and which has been driving his effort from day one.

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