It seems that nothing so becomes a politician’s public life like the announcement that he or she is leaving it.
George Washington’s decision in 1796 to not seek a third term as president is widely hailed as the ultimate example of a small-r republican virtue of restraint the general demonstrated throughout his public life. Americans trusted Washington with power because they knew he would exercise it wisely and, that when the time came, he would walk away. Voluntarily.
In an age when many kings claimed a hereditary right to rule for life with absolute authority, relinquishing power was an astounding act. But Washington, a master of exits in war and peace, knew it was time to go. In so doing, he set a two-term precedent for the presidency that would stand for 144 years.
More recently, we’ve seen another result of what happens when politicians decide they’ve had enough: candor. Sens. Bob Corker (R-TN) and Jeff Flake (R-AZ) both launched fiery broadsides at the current occupant of Washington’s old office — and a member of their own party, no less — upon announcing they would not seek re-election next year.
During this past week –his first full week as the richest person in the world — Amazon CEO Jeff Bezos sold one million of the company’s shares, worth $1.1 billion, according to a filing with the Securities and Exchange Commission on Friday.
After accounting for the stock sale and capital gains taxes, Bezos ended the day Friday with a net worth of $93.7 billion, $4.1 billion higher than Microsoft cofounder Bill Gates, now the second richest person in the world….
At a space conference in April, Bezos explained that he was selling $1 billion of Amazon stock a year to finance his rocket company, Blue Origin. Bezos has now sold more than $2 billion pre-tax in Amazon stock this year. Last year, he sold Amazon stock worth $1.4 billion (pre-tax), while in 2015 and 2014 he sold $534 million and $351 million of stock, respectively. He is still by far Amazon’s largest shareholder, with a 16.4% stake.
The morning of Dec. 3, 2016, began like so many others in Mojave. The first rays of dawn gave way to a brilliant sunrise that revealed a cloudless, clear blue sky over California’s High Desert.
This was hardly newsworthy. For most of the year, Mojave doesn’t really have weather, just temperatures and wind speeds. It had been literally freezing overnight; the mercury was at a nippy 28º F (-2.2º C) at 4 a.m. As for Mojave’s famous winds – an enemy of roofs, trees and big rigs, but the lifeblood of thousands of wind turbines that cover the landscape west of town – there really weren’t any. It was basically a flat calm.
The Sunday Times of London has an update on Virgin Galactic that seems to be based around an upcoming Brian Cox documentary on space tourism, which is set to air early next month in Britain.
Branson could be first in the mass tourism market despite a disastrous 2014 test flight in which a pilot died. Unity is to start rocket tests this autumn, and two more craft are under construction.
“We are hoping to be into space by the end of the year,” said Branson, who has spent £450m on the project. “The cost has been a lot more than we thought . . . but we can see the price falling and we could have 20 spaceships operating so that . . . enormous numbers of people could go into space.”
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.
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. (more…)
Back in February, Professor Brian Cox traveled here to Mojave with his friends Richard and Sam Branson to watch the third glide flight of Virgin Galactic’s SpaceShipTwo Unity.
Bowled over by what he saw even before the suborbital tourism vehicle glided overhead, Cox gave what amounted to a rousing endorsement of Virgin Galactic and SpaceShipTwo to a gathering of company employees.
“People ask me a lot because I’m a space geek and I’m obviously an evangelist for space, ‘Would you fly to space?” Cox said with Richard Branson seated beside him. “And I’ve always said, ‘Well yes and no, because in some sense it’s a dangerous thing to do.’ However, the moment I walked in this hangar and saw that aircraft, I thought, I want to get on that aircraft. So the answer is now is 100 percent yes.”
What was not widely known at the time was that Cox was filming a BBC-commissioned documentary about commercial space. And the company the corporation commissioned to co-produce it, Sundog Pictures, is owned and run by none other than Cox’s good friend, Sam Branson.
Let’s face it: by any rational measure so-called space tourism is a preposterously frivolous idea. Nonetheless, hundreds of thrill-seekers were willing to pay around $2,300 a minute for the ride as soon as Sir Richard Branson’s Virgin Galactic venture was launched in 2005. The first passenger-carrying flight was supposed to happen 10 years ago, in 2007. It slipped to 2009, 2010, 2011, 2012, 2013…now…maybe… next year.
But if once it seemed like an idea whose time would never come (leaving aside for the moment the issue of whether it ever should) Jeff Bezos and his Blue Origin team—not Branson—now seems more than ever likely to be the first to deliver….
Whereas Branson over the years staged numerous junkets for the media in which success was claimed to be imminent, this April Bezos staged his first preview of the ride on Blue Shepard at the annual Space Symposium in Colorado Springs with the warning that, “It’s a mistake to race to a deadline when you’re talking about a flying vehicle, especially one that you’re going to put people on.”
In less than a year of testing, Bezos has been able to do something that Branson has failed to do in more than a decade: demonstrate proof of concept….
Technically, New Shepard is the precursor of the much more ambitious New Glenn, Blue Origin’s multi-stage rocket program that will launch astronauts and satellites into orbit. (The Virgin Galactic design is an evolutionary dead end – it cannot be scaled up for orbital flight.) As he did with Amazon, Bezos has always had a very clear-eyed idea of what it would cost to get into the business, of the technical challenges, and of the time needed to master them.
It’s a good story that’s worth a read. I did notice one factual error: the tail stall and inverted spin that SpaceShipTwo experienced during a flight test occurred in 2011, not 2013.
In what is likely a surprise to no one, United Launch Alliance’s CEO said this week the company is leaning toward selecting Blue Origin’s BE-4 engine in the first stage of its new Vulcan rocket — providing upcoming engine tests go well.
That would leave rival Aerojet Rocketdyne and its AR1 engine without a booster to fly on.
In an interview during the 33rd Space Symposium here, Tory Bruno said that tests of the BE-4 engine, scheduled to begin “very soon” at Blue Origin’s test site in West Texas, are the last major hurdle the engine must clear before ULA decides to use it on Vulcan. (more…)
WASHINGTON, DC (NAA PR) — The National Aeronautic Association (NAA) announced last evening at their Spring Awards Dinner that the Blue Origin New Shepard has been named as the recipient of the 2016 Robert J. Collier Trophy “… for successfully demonstrating rocket booster reusability with the New Shepard human spaceflight vehicle through five successful test flights of a single booster and engine, all of which performed powered vertical landings on Earth.”
Our New Shepard flight test program is focused on demonstrating the performance and robustness of the system. In parallel, we’ve been designing the capsule interior with an eye toward precision engineering, safety, and comfort. Here’s a sneak peek.
If you happen to be attending the 33rd Space Symposium in Colorado Springs April 3-6, come see this for yourself. The high-fidelity capsule mockup will be on display alongside the New Shepard reusable booster that flew to space and returned five times.
Although the BE-4 turbopump is smaller than your refrigerator, it generates 70,000 horsepower from a turbine running at nearly 19,000 revolutions per minute that pumps cryogenic propellants to pressures just under 5,000 pounds per square inch. To react the forces generated by the rotating turbine and impellers inside the pump, production rocket turbopumps to date have used traditional ball and roller bearings. For BE-4, we’re doing something different – we’re using hydrostatic bearings. (more…)
Blue Origin’s Jeff Bezos is expected to announce something on Tuesday in a speech at the Satellite 2017 conference in Washington, DC.
I’m guessing it will be an elaboration on the company’s plansfor establishing a base at the south pole of the moon. He also will likely provide updates on the testing schedule for the BE-4 engines (pictured above), development of the New Glenn booster, and construction of the company’s manufacturing facility in Florida.
Jeff Bezos has submitted a plan for developing a moon base to NASA and the Trump Administration.
The latest to offer a proposal is Jeffrey P. Bezos, whose space company Blue Origin has been circulating a seven-page white paper to NASA leadership and President Trump’s transition team about the company’s interest in developing a lunar spacecraft with a lander that would touch down near a crater at the south pole where there is water and nearly continuous sunlight for solar energy. The memo urges the space agency to back an Amazon-like shipment service for the moon that would deliver gear for experiments, cargo and habitats by mid-2020, helping to enable “future human settlement” of the moon. (Bezos, the founder of Amazon.com, owns The Washington Post.)
“It is time for America to return to the Moon — this time to stay,” Bezos said in response to emailed questions from The Post. “A permanently inhabited lunar settlement is a difficult and worthy objective. I sense a lot of people are excited about this.”
Blue Origin’s proposal, dated Jan. 4, doesn’t involve flying humans, but rather is focused on a series of cargo missions. Those could deliver the equipment necessary to help establish a human colony on the moon — unlike the Apollo missions, in which the astronauts left “flags and footprints” and then came home.
The prospect of a lunar mission has several companies lining up to provide not just transportation, but also habitats, science experiments and even the ability to mine the moon for resources.
The governor’s office said the budget for the 2017-18 fiscal year starting July 1 includes $34 million for launch complex improvements that “will help attract more commercial activity to the area.”
Space Florida confirmed the total includes $17 million from the Florida Department of Transportation to help prepare Launch Complex 36, a state-run pad last used in 2005, into a site for Blue Origin’s giant New Glenn orbital rockets. The company also plans to build an engine test stand, incorporating the adjacent Launch Complex 11.
Blue Origin, the private space firm started by Amazon.com’s billionaire founder and CEO Jeff Bezos, will match the state’s investment, resulting in the $34 million budget figure cited by the state.
Bezos and Scott in September 2015 visited Launch Complex 36 to announce Blue Origin’s plans to build and launch rockets locally.
“The pad has stood silent for more than 10 years — too long,” Bezos said then. “We can’t wait to fix that.”