Tag: competition

Canadian rocket startup with balloon for 1st stage wins launch contract

10:02 am

SpaceRyde, a Canadian smallsat rocket startup company that intends to use a stratospheric balloon to act as its first stage before releasing its orbital rocket, has won a contract for four launches from ISILaunch, a Netherlands satellite company.

Customers will pay $250,000 to launch 25-kilogram payloads on SpaceRyde’s Ryder rocket and Flying Spider balloon. The flights are scheduled to begin in 2024. For the SpaceRyde flights, ISILaunch will offer customization including scheduling weeks prior to launch, access to custom orbits and various fairing configurations.

…Stratospheric balloons will serve as the first stage, lifting Ryder rockets through Earth’s atmosphere before rocket engines fire. Ryder’s upper stage, called Black Bay, is designed to remain in orbit, maneuvering and refueling as needed to provide in-orbit servicing and in-space transportation.

The first test flights are scheduled in ’23, with commercial flights starting in ’24. The company apparently is targeting the smallest smallsat market, aiming to win customers with very very low launch prices.

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UK awards launch license to Cornwall airport

9:31 am

After several months delay, the Civil Aviation Authority (CAA) in the United Kingdom yesterday issued a license to a Cornwall airport, dubbed Spaceport Cornwall, allowing Virgin Orbit to begin final preparations for the first orbital launch from within the British Isles.

The red tape however is not done.

The licence means that Virgin Orbit, which is behind the launch (named Start Me Up after the Rolling Stones song), is clear to begin to carry out mission-readiness tasks. But further licences are needed relating to this specific mission before blast-off can happen.

Melissa Thorpe, the head of Spaceport Cornwall, said: “To be the first spaceport in the UK with a licence to operate is a historic moment. Cornwall is now ready to open up the use of space for good.” She added: “The CAA continues to work on several licence applications, including being in very advanced stages with Virgin Orbit on its applications for launch and range licences, as well as the satellite operators, ahead of a proposed first UK launch.

I am reminded of the meme showing a crowd of officials surrounding one ditch digger, with the only one doing any real work that digger. It appears right now that the bureaucrats in the CAA might outnumber the staffing at both Virgin Orbit and Cornwall, and all they have to do is issue a piece of paper.

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NASA awards Starship a second manned lunar landing contract

9:20 am

Capitalism in space: NASA yesterday modified its manned lunar lander contract with SpaceX to award Starship a second manned lunar landing for $1.15 billion.

Known as Option B, the modification follows an award to SpaceX in July 2021 under the Next Space Technologies for Exploration Partnerships-2 (NextSTEP-2) Appendix H Option A contract. NASA previously announced plans to pursue this Option B with SpaceX. The contract modification has a value of about $1.15 billion.

…The aim of this new work under Option B is to develop and demonstrate a Starship lunar lander that meets NASA’s sustaining requirements for missions beyond Artemis III, including docking with Gateway, accommodating four crew members, and delivering more mass to the surface.

NASA is also accepting bids for a competitive second manned lunar lander, but has awarded nothing as yet.

Combined with earlier investments and contracts, SpaceX now had garnered about $13 billion for developing Starship and Starlink, about $9 billion from private investment capital and about $4 billion from NASA, with most of the cash used for Starship. In addition, the company plans another investment funding round that will raise its valuation to $150 billion.

SLS might have flown once, but it appears both NASA and the investment community is increasingly putting its eggs in the Starship basket.

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Chinese pseudo-company Galactic Energy launches five satellites into orbit

9:09 am

The Chinese pseudo-company Galactic Energy today used its Ceres-1 rocket to put five Earth observations satellites into orbit.

According to China’s state run press, Ceres-1 is a “small-scale solid-propellant carrier rocket capable of sending micro-satellites into low-Earth orbit.” In other words, it was developed initially by the military for missile use, and the government has allowed it to be upgraded for civilian use.

The leaders in the 2022 launch race:

52 SpaceX
52 China
19 Russia
9 Rocket Lab
8 ULA

The U.S. still leads China 76 to 52 in the national rankings, but trails the rest of the world combined 80 to 76.

The 52 launches by China ties its yearly record, set last year, for the most successful launches in a single year. Like the U.S. China appears set to smash its launch record in 2022.

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Superheavy prototype #7 undergoes 14 engine static fire test

9:16 am

SpaceX’s seventh prototype of its Superheavy first stage booster — intended to launch its Starship orbital craft on the first orbital flight — successfully completed a 10-second static fire test of 14 of its 33 engines yesterday.

I have embedded video of the test below the fold. It shows the burn repeatedly from different angles. It appears the engine test went exactly as planned, with no subsequent fires near the launch pad.

According to the article at the link, this test fire, even with only 14 engines, made this Superheavy booster the most powerful rocket on Earth, at least until tonight when NASA’s SLS launches. Once this booster fires all of its 33 Raptor-2 engines however it will then exceed SLS in power. That it hasn’t launched however makes this claim a little overstated.

Regardless, SpaceX continues to move quite smoothly towards that first orbital launch of Starship, which the company hopes to do before the end of the year.
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ABL scrubs first launch attempt

9:02 am

The rocket startup ABL yesterday scrubbed its first attempt to launch its new RS1 smallsat rocket from Alaska, due to “off-nominal data on the first stage during propellant loading.”

This test launch carries two cubesats for a customer, but its prime mission is to demonstrate the rocket’s ability to put those smallsats into orbit.

The company is trying again today, but is providing no live stream of the countdown or launch. We can only wait for updates.

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Several major rocket companies to the FCC: stay out!

8:58 am

In response to the proposal by managers at the Federal Communications Commission (FCC) that it regulate satellite operations despite having no actual legal authority to do so, a cohort of major rocket companies as well as others have responded in firm opposition.

Major space companies, including SpaceX and Relativity, are urging the U.S. Federal Communications Commission (FCC) to stick to its purview — spectrum usage — as it looks to potentially update its rules for in-space servicing, assembly and manufacturing (ISAM) missions.

There is plenty that the FCC could — and should do — to support ISAM missions that sit squarely within its regulatory bounds, the companies said. SpaceX and others, as well as startups like Orbit Fab, which wants to build refueling depots in space, and Starfish Space, which is developing a satellite servicing vehicle, submitted recommendations related to spectrum and ISAM. The commission also heard from Blue Origin, Lockheed Martin, United Launch Alliance and other space companies and industry groups.

…Relativity Space and the industry association Commercial Spaceflight Federation separately argued that the FCC’s involvement in issues outside of those related to spectrum could result in duplicative approvals processes. These could be especially challenging for smaller startups and newer space entrants to navigate.

It is likely that if the FCC tries to impose regulations outside of its legal authority, one or more of these companies are going to sue to nullify those regulations, and will likely win. In the process nothing will be gained, and much lost. Thus, this advice from the industry makes great sense, and the FCC and the Biden administration should stop playing empire-building games and focus on what it is legally supposed to do.

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CAPSTONE successfully enters lunar orbit

10:17 pm

CAPSTONE successfully entered orbit around the Moon today, putting it into the planned Lunar Gateway halo orbit to test operations in that location.

CAPSTONE is now in a near-rectilinear halo orbit, or NRHO. This particular NRHO is the same orbit that will be used by Gateway, the Moon-orbiting space station that will support NASA’s Artemis missions. CAPSTONE is the first spacecraft to fly an NRHO, and the first CubeSat to operate at the Moon.

Mission engineers plan two more engine burns over the next five days to refine the orbit more precisely.

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China launches environmental satellite

7:08 pm

Using its Long March 6 rocket, China early today launched what China’s state-run press claimed was an environmental satellite for “atmospheric and marine environment surveys, space environment surveys, disaster prevention and reduction, and scientific experiments.” Whether that is true is anybody’s guess.

The leaders in the 2022 launch race:

52 SpaceX
50 China
19 Russia
9 Rocket Lab
8 ULA

American private enterprise now leads China 75 to 50 in the national rankings, and trails the rest of the world combined 78 to 75.

FYI, posting is late today because today Diane and I were out hiking, having fun.

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China launches Tianzhou freighter to Tiangong-3 space station

9:32 am

Earlier today China successfully used its Long March 7 rocket to launch the fifth Tianzhou freighter to its Tiangong-3 space station.

At 12:10 p.m., Tianzhou-5 conducted a fast automated rendezvous and docking at the rear docking port of the space station’s core module Tianhe. This is the first time that China’s cargo craft has completed a fast automated rendezvous and docking in about two hours, setting a world record, according to Pan Weizhen, a designer of the cargo craft system from the China Academy of Space Technology.

The leaders in the 2022 launch race:

52 SpaceX
49 China
19 Russia
9 Rocket Lab
8 ULA

American private enterprise now leads China 75 to 49 in the national rankings, and trails the rest of the world combined 77 to 75.

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SpaceX launches two Intelsat communications satellites

9:17 am

Using its Falcon 9 rocket SpaceX today successfully launched two Intelsat geosynchronous communications satellites into orbit.

The first stage completed its 14th flight, but was not recovered. This was not a failure, but intended because the rocket needed the fuel to instead get the satellite into its proper geosynchronous orbit.

The leaders in the 2022 launch race:

52 SpaceX
48 China
19 Russia
9 Rocket Lab
8 ULA

American private enterprise now leads China 75 to 48 in the national rankings, and only trails the rest of the world combined 76 to 75.

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November 11, 2022 Quick space links

4:01 pm

Courtesy of BtB’s stringer Jay.

 

 

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China: We like dumping out-of-control rockets on your head!

3:49 pm

China has now signaled that it intends to ramp up the launch rate of its Long March 5B rocket, its most powerful rocket but also a rocket with a core stage that falls to Earth out-of-control after each launch, risking injury and damage to others.

Liu Bing, director of the general design department at the China Academy of Launch Vehicle Technology (CALT), told Chinese media that the the Long March 5B, designed for launches to low Earth orbit, would be used together with the Yuanzheng upper stage series to launch multiple satellites for constellations.

Though not clearly stated, the launcher and YZ-2 combination could be used to help deliver high numbers of satellites into orbit for the planned national “guowang” satellite internet megaconstellation.

It is very possible that with the addition of an upper stage, engineers could reconfigure the rocket so that the first stage is shut down and separated earlier so that it immediately falls into an ocean drop zone following launch. At the same time, making sure that drop zone is always over the ocean might be difficult for some polar launches.

What China really has to do is to upgrade the engines on the core stage so that they can be restarted. At present these engines can only be started once, and once shut down they are dead. If the stage reaches orbit — which it has done on all previous launches — there is then no way to control it, and since that orbit is unstable the stage crashes to Earth, who knows where, shortly thereafter. With restartable engines the stage could easily be de-orbited properly.

China has expressed utter contempt for the complaints of other nations about these out-of-control crashes, claiming the risk is infinitesimal. While quite small, it still exists.

Ted Muelhaupt of the Aerospace Corporation said in July that the odds of debris from the reentry following the launch of the Wentian module ranged from one in 230 to one in 1,000. This was more than an order of magnitude greater than internationally accepted casualty risk threshold for the uncontrolled reentry of rockets of one in 10,000, stated in a 2019 report issued by the U.S. Government Orbital Debris Mitigation Standard Practices.

Small or not, China is a signatory to the Outer Space Treaty, and every out-of-control crash has been a violation of that treaty. This behavior clearly makes China a rogue nation, not to be trusted.

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Advanced Space wins lunar orbiter contract with Air Force

9:21 am

Advanced Space, the company that is presently running the CAPSTONE mission that will arrive in lunar orbit on November 13th, has won a $72 million contract with the Air Force Research Laboratory to build and operate a new experimental lunar orbiter.

The mission, dubbed Oracle, is targeting a 2025 launch and will operate in lunar orbit for two years.

“Our primary goals for the program are to advance techniques to detect previously unknown objects through search and discovery, to detect small or distant objects, and to study spacecraft positioning and navigation in the XGEO realm,” said James Frith, the principal investigator. XGEO refers to the space beyond geosynchronous orbit out to the moon. Oracle will operate in the vicinity of Earth-moon Lagrange Point 1, about 200,000 miles from Earth. The GEO belt, by comparison, is about 22,000 miles above Earth.

An additional goal of Oracle is to help mature AFRL’s green propellant technology. “While there are no specific plans yet to refuel Oracle, AFRL wants to encourage civil and commercial development of on-orbit refueling services,” said Frith.

The federal government’s transition from the building rockets, spacecraft, and satellites to simply buying them from the private sector continues. In the past, when the Air Force attempted to design and build everything, a project like this would have cost at least five times more and taken two to five times longer to get launched. Now, it hires Advanced Space to do it, and gets what it wants quickly for lower cost.

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UK govt requests public comment on Shetland spaceport

9:11 am

The Civil Aviation Authority (CAA) of the United Kingdom, tasked with regulating space operations, has requested public comment on the environmental impact of the proposed Shetland spaceport, dubbed SaxaVord and presently under construction.

Shetland Islands Council granted planning permission in February, with Lockheed Martin and Skyrora among the companies looking at launching satellites, as early as next year.

One of the environmental considerations is for no launches or tests between mid-May and the end of June to avoid disturbing breeding birds. U nst’s 135 bird species include red-throated divers, merlins, puffins and Arctic terns.

The spaceport has said it expects to conduct at least 30 launches a year, once operational. That number is probably optimistic.

Meanwhile, it is beginning to appear that — at least in these early stages — the CAA is not going to be helpful to Great Britain’s effort to develop a space industry. Not only does this action suggest it is not enthused about this spaceport and is putting up barriers to it, it has slow-walked the licensing of the Virgin Orbit launch from Cornwall, costing that company so much money because of the delay that its liquidity was threatened.

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Rocket Lab sets date for 1st launch from Wallops

9:38 am

On the same day it won a contract to build a control center for Globalstar’s satellite constellation, Rocket Lab also set December 7, 2022 as the target date for its first Electron launch from Wallops Island in Virginia.

The company had originally hoped to launch from Wallops two years ago, but delays caused by NASA’s bureaucracy in approving the flight termination software made that impossible.

With two operating launchpads, one in New Zealand and one in the U.S., Rocket Lab should now be able to ramp up its launch pace, assuming it has the customers. So far this year the company has done about one launch per month.

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Atlas-5 completes last launch at Vandenberg

8:58 am

ULA’s Atlas-5 rocket early this morning successfully launched a NOAA weather satellite, completing this soon-to-be-retired rocket’s last launch from Vandenberg Space Force Base.

The company also successfully tested an inflatable heat shield it wants to use to safely recover and reuse the first stage engines on its new Vulcan rocket.

The leaders in the 2022 launch race:

51 SpaceX
48 China
19 Russia
9 Rocket Lab
8 ULA

American private enterprise now leads China 74 to 48 in the national rankings, but trails the rest of the world combined 76 to 74.

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China switches heavy-lift Long March 9 from expendable to reusable

3:34 pm

China has abandoned its original plans to build its Long March 9 heavy lift rocket — intended to be comparable to NASA’s SLS — as an expendable rocket with side boosters and instead design it with a reusable first stage.

A new model of a Long March 9 rocket featuring grid fins and no side boosters recently went on display at the ongoing Zhuhai Airshow in southern China, prompting speculation that the long-standing plan of an expendable rocket had been dropped.

Liu Bing, director of the general design department at the China Academy of Launch Vehicle Technology (CALT), later confirmed the new direction in an interview with China Central Television Nov. 7. The new, current plan for the rocket will be a three-stage, 108-meter-high, 10-meter-diameter and 4,180 metric ton rocket capable of delivering 150 tons to low Earth orbit (LEO), 50 tons to lunar transfer orbit (LTO), or 35 tons to Mars transfer orbit. The rocket is scheduled to be ready for test flight around 2030.

The design however has not been finalized.

It appears that China has been watching NASA’s attempts to launch SLS, and decided copying that rocket is likely a mistake. So instead, they have decided to copy Falcon 9 instead, though make Long March 9 a much bigger rocket.

All of this however is really nothing more than engineering by PowerPoint. Nothing so far really exists, and any plans for a rocket whose first test launch is eight years away are plans that no one should take very seriously.

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Rocket Lab leases engine test facility at Stennis

3:27 pm

Rocket Lab has finalized a 10-year lease for using one of the engine test facilities at NASA’s Stennis Space Center in Mississippi for developing the Archimedes rocket engine for its new Neutron rocket.

With the new agreement, the A-3 Test Stand and about 24 surrounding acres at Stennis will be incorporated into the Archimedes Test Complex. Archimedes is Rocket Lab’s new liquid oxygen and liquid methane rocket engine that will power its large, reusable Neutron rocket.

Rocket Lab will have exclusive access to use and develop the A-3 Test Stand area, including associated propellant barge docks and buildings. The initial 10-year agreement includes an option to extend an additional 10 years.

The Mississippi Development Authority is providing assistance for Rocket Lab to develop the new site and to relocate and install needed equipment.

With this agreement Rocket Lab is clearly moving forward aggressively in its project to build a new rocket that can complete head-to-head with SpaceX’s Falcon 9.

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Arizona court kills local government’s real estate deal for World View

10:19 am

The Arizona court of appeals last month ruled that a land deal between Pima County and the high altitude balloon company World View was unconstitutional, and could not go forward.

Per the agreement, the county would fund the construction of facilities, including a 135,000-square-foot manufacturing facility, with office spaces and a launch pad, on property it already owned. World View would then lease the property from the county for 20 years. In return, the company would hire more than 400 employees, with an average salary of over $55,000, and spend $32.3 million on equipment.

Twenty years of lease payments were expected to total around $14 million, estimated to be the property’s value at that time. World View would then have the option to buy the facility for $10.

Six years ago the Goldwater Institute sued, saying this deal was illegal according to the state’s constitution. Last month the court agreed, killing the deal.

Since World View remains in operation in these facilities, Pima County will have to renegotiate at market rates. How that will effect the company itself, which now hopes to begin flying near-space tourist flights by 2024, charging $50K per person, remains unknown.

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Another Indian rocket startup tests engine

10:09 am

According to India’s space agency ISRO, it recently provided the facilities for the Indian rocket startup company Agnikul Cosmos to complete a static fire engine test of its second-stage rocket engine.

The agency fired Agnikul’s fully 3D-printed second-stage rocket engine Agnilet for a duration of 15 seconds. Agnilet is a regeneratively cooled 1.4 kN semi-cryogenic engine that uses Liquid oxygen and Aviation Turbine Fuel (ATF) as propellants. According to Agnikul, the engine is capable of generating 3kN of thrust at sea level and would propel the upper stage of Agnibaan, the company’s under-development launch vehicle.

The company had said it hoped to complete its first launch this year, but that appears highly unlikely. Nonetheless, it has raised at least $14.1 million in investment capital.

Thus, it appears India now has two private rocket companies gearing up for launch in ’23, Agnikul Cosmos and Skyroot.

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Astra to lay off 16% of its workforce

9:59 am

Astra, having abandoned its Rocket-3.3 in order to develop its larger Rocket-4 smallsat launcher, announced yesterday that is laying off 16% of its workforce as part of this change in direction.

The decision to abandon Rocket-3.3 has at this time removed the company as an operational rocket company, and has thus put it behind several other competitors which are now gearing up for launch. Its third quarter report also showed a $41 million loss this year, 26% larger than the same quarter last year.

As a result, the company’s stock value has declined 94%, and is now selling for 58 cents per share. If that price does not rise above $1 before April of next year, NASDAQ has said it would delist it.

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German rocket startup unveils 2nd stage

9:52 am

The German rocket startup Rocket Factory Augsburg this week unveiled the second stage of its planned rocket, with its Helix engine attached.

This second stage will be used for engine tests in Sweden.

“The campaign will feature three main tests: The first test will last a few seconds, followed by one for around 10 seconds, then the full flight duration. Every engine is acceptance tested. Then each engine is fired a second time during stage acceptance and then started a third time for flight. We have already proven that we can fire the same engine 3x without switching out components with our long-duration hot-fire campaign. Now we want to repeat that achievement with a full upper stage.”

The company hopes to use this stage in the first orbital test flight of its RFA-1 rocket, targeting a launch late next year. That rocket will use nine more Helix engines in its first stage, and will thus be able to put into orbit slightly more mass than Firefly’s Alpha rocket or payload.

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Tianzhou-4 freighter undocks from Tiangong-3, while Tianzhou-5 prepares for launch

9:42 am

Chinese engineers have undocked the Tianzhou-4 unmanned freighter from their Tiangong-3 space station, even as other engineers complete the stacking of Tianzhou-5 on its rocket and move it to its launch site.

Tianzhou-4 remains in orbit. At some point it will be de-orbited to burn up over the ocean, but China’s state-run press has not said when. In the past engineers have kept these cargo freighters in orbit after undocking for long periods in order to test their capabilities.

Though the launch date for Tianzhou-5 on its Long March 7 rocket was also not revealed by today’s press report, earlier reports suggest the launch is targeting November 12th.

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Virgin Orbit’s first launch from UK delayed by red tape

9:35 am

We’re here to help you: The first launch of a satellite from the United Kingdom, launched by Virgin Orbit by taking off from a runway in Cornwall, is experiencing prolonged delays getting its license approved by the British bureaucracy.

While the company says there are no specific issues holding up approval, the permit remains unapproved. Virgin Orbit had hoped initially to launch in the summer, but could not, and this delay has also delayed its later launches and thus reduced its profits in 2022, forcing it to obtain extra investment capital from Richard Branson’s Virgin Group in order to pay the bills.

Meanwhile, the British bureaucracy struggles to issue the licenses.

The delays have attracted the attention of a House of Commons committee, which released a report Nov. 4 criticizing those delays and calling for more personnel to be assigned to reviewing license applications. “For this initial set of licence applications, the Department for Transport must provide additional resource to the CAA [Civil Aviation Authority] to ensure that the licensing process does not impede the feasibility of a launch this year,” the report stated.

A source familiar with the CAA’s licensing activities, speaking on background, noted that the CAA now had about 50 people working on license applications, up from the 35 mentioned in the report. That included one person seconded to the CAA from the U.S. Federation Aviation Administration’s Office of Commercial Space Transportation.

As always, private enterprise gets it done, while government requires dozens of people and months to simply fill out forms. Worse, we all know the CAA is going to say yes. The delay is simply a game to justify its existence, not to really accomplish anything.

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Cygnus successfully berthed at ISS

9:06 am

Cygnus approaching ISS on November 9, 2022

Despite on of its two solar panels only partly deployed, astronaut Nicole Mann was able to use the robot arm on ISS to grab Northrop Grumman’s Cygnus freighter and bring it into its port, where ground engineers successfully berthed it.

The image to the right is a screen capture from NASA TV as Cygnus approached. You can see the problematic panel at the bottom. Though it has folded out from its initial stored position, it has not opened up fully.

The freighter will stay docked to ISS until late January, during which the crew will unload about four tons of cargo and then fill it with garbage before sending it to burn up over the ocean. We should expect NASA and Northrop Grumman to also plan a spacewalk to not only inspect the panel to figure out what failed, but to see if it can still be deployed.

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Cygnus freighter continues to target ISS rendezvous tomorrow

5:19 pm

Though one of its two solar panels remains undeployed, engineers and Northrop Grumman and NASA have proceeded with four engine burns so as to rendezvous with ISS tomorrow, November 9th, with arrival in the early morning hours.

Expedition 68 NASA astronaut Nicole Mann will capture Cygnus with the station’s robotic arm, with NASA astronaut Josh Cassada acting as backup. After Cygnus capture, ground commands will be sent from mission control at NASA’s Johnson Space Center in Houston for the station’s arm to rotate and install it on the station’s Unity module Earth-facing port.

According to this NASA update, it appears that NASA managers are confident that the stuck solar panel is not blocking the grapple point, preventing the arm from grabbing the capsule. At the same time, the wording in the update is just a bit vague, and also suggests that before this capture occurs they will be inspecting Cygnus very carefully.

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Japan issues license allowing Ispace to do private business on Moon

9:51 am

With the launch of Ispace’s first lunar lander, Hakuto-R, only two weeks away, the private company has obtained a license from the Japanese government to conduct private transactions on the Moon.

The license allows Ispace to complete a contract awarded by NASA in December 2020, to acquire regolith from the lunar surface to sell to the space agency. During M1, Ispace is expected to collect regolith that accumulates on the footpad of the landing gear during the touchdown on the surface, photograph the collected regolith and conduct an “in-place” transfer of ownership of the lunar regolith to NASA. After ownership transfer, the collected material becomes the property of NASA, under the Artemis program. Under the contract, the lunar regolith will not be returned to Earth.

Under a second contract awarded to Ispace’s subsidiary [Ispace EU] … Ispace EU will acquire the lunar material on its second mission scheduled for 2024 as part of the HAKUTO-R program. An application for Mission 2 will be submitted to obtain a separate authorization.

This mission will also land the UAE’s first lunar rover, Rashid.

According to the Outer Space Treaty, it is the responsibility of each nation to regulate the private operations of its citizens in space. This action thus follows the laws that Japan has passed to supervise commercial space companies.

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Bad news for Branson

9:43 am

Two stories today suggest that Richard Branson’s space empire continues to totter.

First, a judge ruled that the fraud lawsuit against Branson by other stockholders in the suborbital tourist company Virgin Galactic can go forward.

The suit claims Branson concealed safety problems while he sold off the bulk of his own stock at top dollar. Only after he had dumped his stock were those problems revealed, and the stock price plummeted, now trading at less than 10% of the peak in February 2021, when Branson sold.

Second, it appears that though Branson’s satellite orbital company Virgin Orbit is operational, it is not going to launch as many satellites this year as expected, and thus required an investment of $25 million on November 4th from Branson’s Virgin Group to stay liquid.

Branson clearly wanted to be a major player in space. In the end, he has mostly failed, though once again Virgin Orbit remains a viable launching company for smallsats.

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