Capitalism in space: SpaceX officials confirmed yesterday that they now expect the first Falcon Heavy launch to slip into 2018.
They still plan to do the initial but critical launchpad static fire tests in December.
Capitalism in space: In its current round of stock sales SpaceX had raised another $100 million in investment capital.
In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed. That amount has now risen to $449.9 million, a new filing showed on Monday, adding an extra $100 million onto the current fundraising effort.
The latest injection of cash values SpaceX at $21.5 billion, according to Equidate, a platform that facilitates the trading of shares in private technology firms. SpaceX was not immediately available for comment on the valuation when contacted by CNBC.
If I was a big money investor I too would be interested in buying some SpaceX stock. Meanwhile, Aviation Week is reporting that the first Falcon Heavy launch has slipped to 2018. I am not surprised, but I have also not seen any other news reports on this, so I am withholding judgement.
Capitalism in space: Faced with stiff and increasing competition from SpaceX, European governments are finally beginning to realize that their decades of poo-pooing the concept of rocket reusability might have been a big mistake.
In what was likely an unexpected question during a Nov. 19 interview with Europe 1 radio, French Economy and Finance Minister Bruno Le Maire was asked if SpaceX meant the death of Ariane.
“Death? I’m not sure I’d say that. But I am certain of the threat,” Le Maire said. “I am worried.” Le Maire cited figures that are far from proven — including a possible 80% reduction in the already low SpaceX Falcon 9 launch price once the benefits of reusability are realized. “We need to relfect on a reusable launcher in Europe, and we need to invest massively in innovation,” Le Maire said.
Then there was a report out of Germany that has concluded that SpaceX commitment to reusability is about to pay off.
The article also cites those in Europe and with the U.S. company ULA that remain convinced that they can compete with expendable rockets. In reading their analysis, however, I was struck by how much it appeared they were putting their heads in the sand to avoid facing the realities, one of which has been the obvious fact that SpaceX has been competitively running rings around them all. This is a company that did not even exist a decade ago. This year it very well could launch more satellites than Europe and ULA combined.
Capitalism in space: Budweiser’s goal to eventually brew beer on Mars will take its next step with the launch to ISS of a beer experiment in December.
To get the ball rolling, the famous beer brand is partnering with the Center for the Advancement of Science in Space, which manages the ISS U.S. National Laboratories, and Space Tango, a payload development company that operates two commercial research facilities within the National Laboratory.
Working with Budweiser’s innovation team, the group will send two barley-based experiments to the ISS as part of the next SpaceX cargo supply mission, scheduled for December 4. Budweiser’s barley seeds will stay in orbit for around a month before returning to Earth for analysis.
Seems right to me.
Capitalism in space: XCOR’s bankruptcy has revealed that the company owed $27.5 million to creditors, the largest of which are government agencies that gave the company money in the hope its operations would bring business to their regions.
Space Florida is the largest secured credit at $3.6 million. The state-run agency’s has a “blanket security interest in personal property.” XCOR had made a deal to manufacture and operate its Lynx suborbital space plane from Florida.
XCOR estimates it spent $25 to $30 million developing the unfinished Lynx. An additional $15 to $20 million would be required to complete the vehicle, according to the documents.
Midland Development Corporation (MDC) has $10 million in unsecured claims. The funding was provided to XCOR to move from its base in Mojave, Calif., to the West Texas city, a process the company did not complete before it filed for bankruptcy earlier this month.
In addition, a private spacesuit company, Orbital Outfitters, appears to have gone of business in connection with this bankruptcy.
The science fiction movie prop Robbie the Robot has sold at auction for $5.3 million, making it the second most expensive movie prop in history.
The complete Robby suit, control panel, his jeep, numerous spares, alternate original “claw” hands, and the original wooden stage shipping crates, were sold yesterday (November 21, 2017 ) by Bonhams in New York for US$5,375,000 including buyers premium.
The only purpose-built movie prop to have ever sold for more is Marilyn Monroe’s “subway dress” from The Seven Year Itch (1955) which was sold by Profiles in History for $5,520,000 (inc. buyers premium) in 2011.
Capitalism in space: According to SpaceX’s CEO, they plan to up their annual launch rate by 50% in 2018, and hope to average 30 to 40 launches per year thereafter.
They also hope to introduce their Big Falcon Rocket (BFR) by 2022, but will continue operations with both the Falcon 9 and Falcon Heavy, if that is what their customers prefer.
An evening pause: Everything about this gives me the creeps.
Hat tip Edward Thelen.
My hour-long appearance on Robert Pratt’s Pratt on Texas radio show is now available here.
We had a long discussion about the lack of thoughtful skepticism in today’s intellectual society.
Capitalism in space: Virgin Orbit’s LauncherOne has won a contract to launch a Defense Department payload.
The details are vague, but the deal appears real. The article also suggests that Virgin Orbit is on schedule to complete its first launch next year.
Its carrier aircraft, a Boeing 747 that was formerly a passenger airliner for Virgin Atlantic, is currently in flight tests after undergoing modifications to accommodate the launch vehicle. A pathfinder version the rocket, meanwhile, has been shipped from the company’s factory in Long Beach, California to Mojave for testing, including static fire tests of both stages.
All evidence now suggests that my prediction one year ago that this Virgin company will make its first operational flight before Virgin Galactic’s SpaceShipTwo, despite being in development only six years, compared to the fourteen years SpaceShipTwo has been under development.
Capitalism in space: Rocket Lab’s second test Electron rocket has arrived at the company’s New Zealand launch facility in preparation for the rocket’s second flight.
They hope after several weeks of check-out they will be able to announce a launch date. The launch, though intended entirely as a test, will still carry three commercial cubesats, which Rocket Lab hopes to place in orbit.
For the Google Lunar X-Prize contestant Moon Express this launch is critical. They must launch by the end of March to win the prize, and are dependent on Electron as their rocket.
The expected Falcon 9 launch this past week of the mysterious Zuma government payload, built by Northrop Grumman but linked to no government agency, has been postponed indefinitely because of a fairing issue identified during testing for a different customer.
This delay also suggests that this may be an issue that will delay more than one launch, which could effect SpaceX’s effort to achieve 20 launches in 2017.
