SpaceX might spin off Starlink with stock offering

Capitalism in space: Comments by SpaceX’s CEO suggest the company is considering spinning off its Starlink internet operation, with the additional possibility that spin-off would go public.

SpaceX President & COO Gwynne Shotwell told a group of investors that the company may spin off its Starlink internet satellite business, possibly as a public company. “Starlink is the right kind of business that we can go ahead and take public,” Shotwell said, according to a report from Bloomberg.

…There’s no time frame yet disclosed for a potential IPO of the Starlink side of SpaceX, and the company did not immediately respond to a request for comment. It’s unlikely the whole company would go public. Elon Musk has said for years that he wouldn’t take SpaceX public until the company has been regularly launching to Mars.

Don’t start counting your chickens. While there might be good reasons for SpaceX to do this, I suspect there are other good reasons for not doing it. They will likely make the decision once the Starlink constellation is operational and they have begun providing service to customers. At that point they will see what the demand will bring, and will have a better idea what’s the best course to take.

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SpaceX’s next Starship test flight will go almost eight miles high

Capitalism in space: In its licensing request to the FCC SpaceX has revealed that its next Starship test flight, set to take off sometime between March and September of this year, will take off and land in its space facility in Boca Chica, Texas, and go almost eight miles high.

The filing also indicates the test could possibly go as high as twelve miles.

In related news, the company has announced a job fair this week, aimed at hiring people to work on Starship at Boca Chica. Want to help build the first totally reusable rocket? Here’s your chance.

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SpaceX wins another NASA launch contract

Capitalism in space: NASA yesterday awarded SpaceX the launch contract, estimated to cost about $80 million, to launch its Plankton, Aerosol, Cloud, ocean Ecosystem (PACE) climate mission.

That cost number seems high for a SpaceX launch, especially because, according to this Space News article, the launch will be using a reused first stage. For such launches SpaceX has generally been charging less than its standard $67 million, usually about $50 million. The press release says the contract covers both the launch and “other mission related services” but I cannot see how those additional services could raise the price almost 40%.

Unless someone at NASA is willing to prove me wrong, I suspect this is merely the case of our vaunted federal government overpaying for a service, simply because it isn’t their money and they are willing to spend extra for no reason other than it makes their job easier. Or possibly they are now playing favorites, and throwing extra money SpaceX’s way to help the company in its other endeavors, a method of funding that is really inappropriate.

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SpaceX launches another 60 Starlink satellites

Capitalism in space: SpaceX today successfully launched another 60 Starlink satellites, bringing the size of the constellation to 240 satellites.

They also successfully recovered the first stage, which was making its third flight. They also caught one of the two fairing halves in the ship net, recovering the second half out of the ocean.

The leaders in the 2020 launch race:

3 China
2 SpaceX
1 Arianespace (Europe)

The launch replay is embedded below the fold.
» Read more

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SpaceX wins first new launch contract in 2020

Capitalism in space:The Egyptian communcications satellite company Nilsat this week announced that it has awarded SpaceX the launch contract for its next satellite.

This was SpaceX’s first contract award in 2020.

The article goes into great detail about SpaceX’s present launch manifest, which according to the company has contracts for future launches equaling $12 billion.

Based on public info, SpaceX has roughly 55 customer launches on its manifest. The company also intends to launch as many as 24 dedicated Starlink missions this year and will need at least another 40-50 on top of that to complete the first phase of the broadband internet satellite constellation (~4400 spacecraft). Meanwhile, SpaceX has won at least nine separate launch contracts – two Falcon Heavy missions and seven Falcon 9s – in the last 18 months, but has launched 22 customer payloads in the same period.

In fewer words, SpaceX is effectively launching its existing commercial missions much faster than it’s receiving new contracts. In 2019, for example, the company launched only 11 commercial missions – 13 total including two internal 60-satellite Starlink launches. SpaceX launched 21 times in 2018, a record the company initially hoped to equal or even beat last year, but – for the first time ever – the launch company was consistently ready before its customers were.

It appears SpaceX intends to pick up any slack in launch contracts with Starlink satellite launches, which once in orbit are another major income source for the company.

Overall, it seems to me that SpaceX is quite awash with capital, which reinforces their decision to not take government money to develop Starship. Using their own capital they are free to build as they see fit, with no one from the government who knows less than they do looking over their shoulder and kibitzing.

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Launch abort data suggests Dragon performed “flawlessly”

A preliminary review of the data gathered during SpaceX’s launch abort test on January 19, 2020 suggests the system performed “flawlessly”.

The Crew Dragon began its launch escape maneuver at 10:31:25 a.m. EST (1531:25 GMT) — initiated by a low setting of an on-board acceleration trigger — when the Falcon 9 was traveling at a velocity around 1,200 mph (536 meters per second), according to SpaceX.

Eight SuperDraco thrusters immediately pressurized and ignited as the Falcon 9 rocket’s first stage engines were commanded to shut down as part of the abort sequence. The escape engines on the Crew Dragon produced nearly 130,000 pounds of thrust at full power. The SuperDracos performed flawlessly, SpaceX said, accelerating the capsule away from the top of the Falcon 9 at a peak acceleration of 3.3Gs. The SuperDracos accelerated the spacecraft from about 1,200 mph up to more than 1,500 mph (about 675 meters per second) in approximately seven seconds, according to SpaceX.

At this point it appears the only reason the first manned launch might be delayed a bit is if NASA decides to turn it into a long duration mission, requiring new training for the crew.

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Trunk from Dragon recovered intact

Capitalism in space: In recovering various pieces, including the capsule, dropped in the Atlantic during its January 19 launch abort test, SpaceX (and Elon Musk) were surprised to retrieve the capsule’s trunk section, normally attached below the capsule, largely intact and undamaged.

The recovery does not mean SpaceX will recapture and reuse this component in the future, since on an orbital flight the trunk would go into orbit. What it does suggest strongly is that SpaceX’s engineering is remarkably robust. To quote the old Timex commercial, “Takes a licking, keeps on ticking!” Kudos to them.

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The long term ramifications of SpaceX’s crew Dragon on the future of the human race

Crew Dragon's parachutes deployed
Crew Dragon soon after its parachutes had deployed
during the launch abort test.

The successful unmanned launch abort test by SpaceX of its crew Dragon capsule today means that the first manned flight of American astronauts on an American rocket in an American spacecraft from American soil in almost a decade will happen in the very near future. According to Elon Musk during the press conference following the test, that manned mission should occur sometime in the second quarter of 2020.

The ramifications of this manned mission however far exceed its success in returning Americans to space on our own spacecraft. NASA administrator Jim Bridenstine touched upon this larger context with his own remarks during the press conference:

We are doing this differently. NASA is going to be customer, one of many customers. I want SpaceX to have lots of customers.

Bridenstine is underlining the real significance of the entire commercial program at NASA. Unlike every previous manned space project at the space agency, NASA is not doing the building. Instead, as Bridenstine notes (and I recommended in my 2017 policy paper Capitalism in Space), it is merely a customer, buying a product built entirely by a private company. And while NASA is involving itself very closely with that construction, it is doing so only as a customer, making sure it is satisfied with the product before putting its own astronauts on it.

NASA also does not own this product. As Bridenstine also notes (and I also recommended in Capitalism in Space), SpaceX owns the product, and once operational will be free to sell seats on crew Dragon to private citizens or other nations.

This different approach also means that NASA is not dependent on one product. From the beginning its commercial crew program has insisted on having at least two companies building capsules — Dragon by SpaceX and Starliner by Boeing — so that if there is a launch failure with one, the second will provide the agency with redundancy.

Bridenstine was very clear about these points. He wants multiple manned spacecraft built by competing American capsules, both to provide the government with redundancy but also to drive innovation and lower costs.

SpaceX of course is the quintessential example of how to lower costs.
» Read more

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Crew Dragon unmanned launch abort a success

Crew Dragon's parachutes deployed

Capitalism in space: SpaceX has successfully completed an unmanned launch abort test of its crew Dragon spacecraft.

Everything took place exactly as planned. The image to the right is a screen capture shortly after the main chutes had become fully deployed. The recovery of the capsule is still ongoing, and will take a bit more than an hour. A press conference has been scheduled at 11:30 eastern, viewable on NASA-TV.

Based on what was seen, it appears that SpaceX is ready to put astronauts on this capsule. It is time to do so.

I have embedded a replay of the entire test, below the fold.
» Read more

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NASA: first manned Dragon flight could occur in March 2020

A NASA official today finally admitted that, assuming the launch abort test tomorrow goes well, that first manned Dragon flight to ISS could occur as early as March 2020.

Kathy Lueders, head of NASA’s commercial crew program, told reporters Friday that the Crew Dragon capsule slated to carry Hurley and Behnken into orbit on the so-called “Demo-2” mission could be ready for for flight within a couple of months. “The vehicle will be all ready at the end of February,” Lueders said. “We’re kind of shooting for early March, right now, from a planning perspective. That would be the earliest.”

For years NASA has been reluctant to allow SpaceX to fly at the pace it wishes. Instead, NASA has consistently called for delays and further testing, almost ad infinitum. This admission by Lueders is the first by anyone at NASA that this launch can occur quickly, should tomorrow’s test flight succeed.

There are of course other considerations, such as scheduling the mission at ISS. Regardless, if tomorrow’s flight is a success there will be no justification for any long delays before the manned mission. It will be time to light that candle!

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Watching SpaceX’s Crew Dragon launch abort

The launch abort test flight of SpaceX’s crew Dragon capsule remains on schedule for launch at 8 am (eastern) on Saturday, January 18, 2020.

NASA has announced that it will provide live coverage. I would assume SpaceX will as well, but there is no indication of that at the NASA announcement or at SpaceX’s website.

I will admit that though I very much would like to watch this live, it will go off at 6 am in Tucson, a bit early for this night owl writer.

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SpaceX crew Dragon launch abort test delayed another week

NASA and SpaceX have delayed the launch abort test flight of the company’s crew Dragon capsule one week, to January 18, in order to allow “additional time for spacecraft processing.”

SpaceX has made it clear for the past month that their hardware is ready to go and that they could have launched by the end of December. That makes me suspect that the processing delay relates to NASA’s bureaucracy and paperwork requirements.

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Dragon returns to Earth with mice and cookies baked in space

After several months docked to ISS SpaceX’s cargo Dragon returned to Earth today, bringing back forty mice send up in December for research and some cookies that were baked in space.

Researchers want to inspect the handful of chocolate chip cookies baked by astronauts in a special Zero G oven just in time for Christmas. The oven launched to the space station in November, so astronauts could pop in pre-made cookie dough provided by DoubleTree. A spokesman for the hotel chain said five cookies were baked up there, one at a time. The company plans to share details of this first-of-its-kind experiment in the coming weeks. “We made space cookies and milk for Santa this year,” NASA astronaut Christina Koch tweeted late last month from the space station, posing with one of the individually wrapped cookies.

Scientists also are getting back 40 mice that flew up in early December, including eight genetically engineered to have twice the normal muscle mass. Some of the non-mighty mice bulked up in orbit for the muscle study; others will pack it on once they’re back in the lab.

At the moment the only way to get experiments like this back from ISS is with cargo Dragon. Hopefully that will change when Sierra Nevada’s Dream Chaser mini-shuttle finally flies in the next few years.

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Tonight’s SpaceX launch

Capitalism in space: Tonight SpaceX is hoping to launch another 60 Starlink smallsats as part of its planned huge constellation aimed at providing internet access worldwide.

The launch is scheduled for 9:19 pm Eastern, with a 20 minute launch window. I have embedded the live stream below the fold if you wish to watch, beginning fifteen minutes before launch. Or you can go to SpaceX’s own website instead.

The launch has some significance. First, with this launch SpaceX will leap-frog a number of other satellite companies attempting to accomplish the same thing. Though it only began pursuing this project about two years ago, with this launch SpaceX will have the largest satellite constellation of any company in orbit.

Second, the first stage will be flying for the fourth time, a record, and all flown since September 2018, a mere sixteen months. That’s once every four months, a pace that far exceeds anything the space shuttle ever accomplished. Moreover, SpaceX intends to land it and reuse it again. The launch savings from this reuse guarantees that they will be able to undercut those other satellite companies when they begin offering services on the Starlink constellation. [Note: My readers corrected me: SpaceX has already launched a first stage four times.]

The company will also make another attempt to recover one fairing half.

UPDATE: The launch appears successful, including a successful landing of the first stage.

SpaceX right now is the leader in the 2020 launch race, as they are the only one to have completed a launch in 2020.
» Read more

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The state of the global rocket industry in 2019

With 2019 ending, it is time once again (as I did for 2016, 2017, and 2018) to review the trends in the global launch industry for the past year.

Below is my updated graph, showing the launch numbers for 2019 as well as for every year going back to 1990, just before the fall of the Soviet Union. That range I think covers all recent trends, while also giving some perspective on what happened in 2019.

The graph is worth reviewing at length, as it not only gives a sense of recent trends, it also summarizes well the history of the entire global space industry during the past thirty years. For example, it shows the transition in the U.S. in the past two decades from government-owned launchers to private rockets, a change that has revitalized the American space industry in more ways than can be counted.
» Read more

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SpaceX successfully launches commercial satellite

Capitalism in space: Using a first stage for the third time, SpaceX today successfully launched a commercial communications satellite while recovering that first stage.

Fun fact: This first stage recovery today was the 47th time that SpaceX has successfully completed a vertical landing.

The leaders in the 2019 launch race:

30 China
20 Russia
13 SpaceX
7 Europe (Arianespace)

China now leads the U.S. in the national rankings 30 to 26.

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