Start-up Space Blasts Off

Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.

Below is the executive summary. You can also download the full report.

Executive Summary

The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns.
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Video: Elon Musk Describes Vision for a Human Civilization


Video Caption:
Elon Musk has never been one to keep his long-term plans to himself. Beyond the development of reusable rockets, electric cars, and revolutionizing solar power, he has also been quite vocal about establishing a colony on Mars within his lifetime. The goal here is nothing less than ensuring the survival of the human race by creating a “backup location”, and calls for some serious planning and architecture.

These and other aspects of Musk’s proposed mission to Mars were outlined in an essay titled “Making Humans a Multi-Planetary Species“, which was published in the June 2017 issue of the journal New Space. The paper is a summary of the presentation he made at the 67th Annual Meeting of the International Astronautical Congress, which took place from September 26th–30th, 2016, in Guadalajara, Mexico.

The paper was produced by Scott Hubbard, a consulting professor at Stanford University and the Editor-in-Chief of NewSpace, and includes all the material and slides from Musk’s original presentation. Contained within are Musk’s thoughts on how the colonization of Mars could be accomplished in this century and what issues would need to be addressed.

Senate Appropriations Measure Requires FAA Report on SpaceX CRS-7 Failure

Dragon capsule separated from Falcon 9 launch vehicle.

A Senate Appropriations bill would require the FAA to produce a report on the catastrophic failure of a SpaceX Falcon 9 rocket that destroyed a Dragon resupply ship and $118 million worth of space station cargo in June 2015.

“The report must consolidate all relevant investigations by, or at the request of, the Federal Government that were conducted, including those completed by NASA as part of the FAA report, and must also include a summary suitable for public disclosure,” according to a committee report that accompanies the spending bill.

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SpaceX Raises $351 Million as Valuation Soars

The U.S. Air Force’s 45th Space Wing supported SpaceX’s successful launch of the EchoStar XXIII spacecraft aboard a Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center March 16 at 2 a.m. EDT. (Credit: SpaceX webcast)

SpaceX has raised an additional $351 million in a Series H funding round, increasing its valuation to $21.2 billion and share price to $135, the website Equidate reports.

The increase in valuation makes SpaceX one of the most valuable privately held companies in the world, according to The New York Times.

The company was previously valued at $14.9 billion with a share price of $96.42 in March 2016, Equidate reports.

In related news, Axios reports that Founders Fund co-founder Luke Nosek is leaving the venture capital company to create a new investment firm called Gigafund that will be focused on raising capital for SpaceX.

A source says that Nosek has been spending an increasing amount of time on SpaceX business, and the idea behind Gigafund is to ensure that the space exploration company won’t have debilitating capital constraints. An SEC filing suggests that it’s seeking to raise an initial $100 million, with former Founders Fund venture partner Stephen Oskoui also involved.

SpaceX statement, per spokesman John Taylor: “While we wish Luke well in his new endeavors, there is no guarantee of future investment allocations in SpaceX or any other companies associated with Elon.”

Founders Fund has invested $200 million into SpaceX. Nosek is the fund’s representative on the company’s board.

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Musk Hints Details on Scaled Down Interplanetary Transport System

Musk is talking about the scaled down version of the Interplanetary Transport System that he plans to unveil in Adelaide, Australia at the end of September. For comparison purposes, the vehicle he unveiled last year had a 12 meter diameter. Falcon 9 has a diameter of 3.7 meters. The diameter of the Saturn V was 10.1 meters.


UPDATE:
The above graphic shows the engine layout for the ITS. It would seem they would lose 21 outside engines by shrinking the diameter to 9 meters. That would leave the ITS with 21 Raptor engines on the first stage.

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All Hail The Singularity!

The Internet would have blown their minds, man!

Part of an Occasional Series on Silicon Valley Buzzwords & Ideas

Fifty years ago during the Summer of Love of 1967, young Americans turned on, tuned in, dropped out, dropped acid, blew their minds, chanted mantras, played Sgt. Pepper’s and followed gurus like Timothy Leary, Ken Kesey and the Maharishi Yogi in an effort to obtain a higher level of consciousness.

The changes wrought during that crazy year and the rest of the tumultuous decade changed America forever, making the nation at once more open and liberal, but also creating a counter revolutionary backlash that gave us Richard Nixon and Ronald Reagan.

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Elon Musk’s Bad Historical Analogy

Construction of the Transcontinental Railroad.

By Douglas Messier
Managing Editor

During his appearance at the International Space Station R&D Conference on Wednesday, Elon Musk recited an old argument to support his plans to colonize Mars.

Back in the day,California was an empty place where almost nobody lived. At least until some crazy visionaries built the Transcontinental Railroad to it even though everyone thought it was a completely crazy thing to do.

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Musk: Moon In, Red Dragon & Propulsive Landings Out

Elon Musk (Credit: SpaceX)

During an appearance at the International Space Station Research & Development Conference on Wednesday, SpaceX CEO Elon Musk said plans for propulsive crew Dragon landings and Red Dragon missions to Mars had been scrapped, downplayed the probability that the first Falcon Heavy launch will succeed, and even had a good word to say about the moon.

Here are notes from the talk.

State of Space Exploration

  • Entering a new era of space exploration
  • SpaceX and other companies developing new systems
  • NASA approaching things in new ways
  • Space station resupply program should be adapted across the government
  • Key to opening up space is “rapid and complete reusability”, but it is very difficult

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Has Mars Man Musk Pivoted to the Moon?

A view from martian orbit. (Credit: SpaceX)

By Douglas Messier
Parabolic Arc

Partway through an appearance at the International Space Station R&D Conference on Wednesday, SpaceX CEO Elon Musk dropped a bombshell into a conference room at the Omni Shoreham Hotel in Washington, DC.

“If you want to get the public real fired up, I think we’ve got to have a base on the moon,” he said. “That would be pretty cool. And then going beyond that, getting people to Mars.”

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NASA Will Not Release Public Report on SpaceX Falcon 9 Dragon Failure

Dragon capsule separated from Falcon 9 launch vehicle.

NASA will not publicly release the results of its own investigation into the catastrophic failure of a SpaceX Falcon 9 rocket that launched a Dragon resupply ship into the Atlantic Ocean in June 2015.

After saying it would release a summary of the agency’s investigation, NASA passed the buck to the FAA on an accident that destroyed $118 million worth of cargo the space agency was sending to the International Space Station (ISS).

“Since it was an FAA licensed flight, NASA is not required to complete a formal final report or public summary, and has deferred any additional products related to the matter at this time,” the agency’s Public Affairs Office (PAO) said in an email.

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Trump Administration’s NASA Policy Slowly Emerges

Vice President Mike Pence addresses NASA employees, Thursday, July 6, 2017, at the Vehicle Assembly Building at NASA’s Kennedy Space Center (KSC) in Cape Canaveral, Florida. (Credit: (NASA/Aubrey Gemignani)

By Douglas Messier
Managing Editor

Vice President Mike Pence’s speech at NASA’s Kennedy Space Center last week was long on rhetoric and short on details, but a few themes and priorities have already emerged in the Trump Administration’s slowly evolving approach to the nation’s civilian space program.

NASA Will Lead Again

In a speech in which he repeatedly praised President Donald Trump, Pence used some variation of the word “lead” a total of 33 times (“leadership” 18 times, “leader(s)” eight times,  “lead”  six times and “leading” once).
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SpaceX Could Launch Two Falcon 9s on Same Weekend

The SpaceX Falcon 9 rocket, with the Dragon spacecraft on board, (Credit: NASA/Bill Ingalls)

SpaceX has delayed the Falcon 9 launch of the BulgariaSat 1 communications satellite until no earlier than Friday, June 23, with June 24 as a backup date. The launch had been scheduled for Monday from NASA’s Kennedy Space Center in Florida.

CEO Elon Musk tweeted that engineers are replacing a fairing pneumatic value.

The delay sets up the possibility of the dual launch of Falcon 9’s for the East and West coasts.  SpaceX is scheduled to launch  the Iridium Next 11-20 satellites on Sunday, June 25, from Vandenberg Air Force Base in California.