BROOMFIELD, Colo. — The battle over what – if any – government safety regulations will be formulated for people flying on Blue Origin and Virgin Galactic suborbital vehicles and the right of those passengers to sue in the event of an accident was on full display at the Next-generation Suborbital Researchers Conference (NSRC) in Colorado this week.
Intuitive Machines’ (NAS: LUNR) stock is now worth nearly four times what it was when it began trading on Nasdaq on Tuesday. The stock debuted at $10, then soared to a high of $47.02 on Friday. It’s currently trading at $38.49.
Resplendent in a blue Virgin Galactic flight suit, Richard Branson was in an exuberant mood as he sat at the New York Stock Exchange doing a TV interview on Oct. 28, 2019. His space tourism company had just gone public in a $774 million merger with billionaire Chamath Palihapitiya’s Social Capital Hedosophia special purpose acquisition company.
Virgin Galactic now had an estimated market value of more than $2.2 billion despite never having flown a single passenger or earned any serious revenue in 15 years. Virgin Galactic would have $450 million to complete its flight test program and begin commercial flights — if the company’s Securities and Exchange Commission filings were to be believed — in June 2020. Branson and the Mubadala Investment Company, an Abu Dhabi government sovereign wealth fund, would divide up $274 million to offset about $1 billion in investment made thus far.
The first half of 2022 saw more commercial travelers — 16 — launch into space than the 10 professional astronauts who work for government-run space agencies. However, those numbers come with an asterisk or two.
Four of the 14 astronauts who launched into orbit flew on Axiom Space’s privately funded and operated crew flight to the International Space Station (ISS). Blue Origin launched 12 individuals into space on two flights of the company’s New Shepard suborbital vehicle.
The other 10 astronauts who launched to ISS and the Tiangong space station worked fulltime for NASA, European Space Agency (ESA), China Manned Space Agency, or Russia’s Roscosmos State Space Corporation. SpaceX flew American and European astronauts to ISS on the company-owned Crew Dragon spacecraft under a NASA contract. The Russians and Chinese flew aboard government-owned and operated spacecraft.
Union Carbide Corporation (UCC) says there is no longer a deal to sell 4,000 acres to Georgia’s Camden County for a spaceport after voters overwhelming rejected the project. But, the county disagrees. The Associated Press reports: “As a result, there is no longer an Option Agreement in existence between the County and UCC, and UCC does not intend to convey the property to the County pursuant to the prior Option […]
Virgin Galactic has seen the departures of its director of safety and chief legal officer over the past month.
Chief Legal Officer and General Counsel Michelle Kley is leaving Virgin Galactic as of July 19 after two years and seven months with the company. She will become chief legal officer at Volta, a company that runs an electric vehicle charging network.
Her departure comes as Virgin Galactic battles lawsuits from unhappy shareholders who claim to have lost money since the company went public more than 2.5 years ago.
Kley joined Virgin Galactic as executive vice president, chief legal officer, general counsel and secretary in December 2019. She previously served as senior vice president, chief legal officer, general counsel and secretary at Maxar Technologies from July 2016 to March 2019.
WASHINGTON (FAA PR) — The U.S. Department of Transportation’s Federal Aviation Administration (FAA) will require SpaceX to take more than 75 actions to mitigate environmental impacts from its proposed plan to launch the Starship/Super Heavy vehicle from Boca Chica, Texas.
by Douglas MessierManaging Editor The FAA issued a mitigated Finding of No Significant Impact (FONSI) decision on Monday that will SpaceX to launch its massive Starship/Super Heavy booster combination from its Starbase facility at Boca Chica, Texas. In order to launch, however, SpaceX must take a series of more than 75 actions to mitigate the impact on a sensitive wildlife areas that adjoin the launch base and the endangered and […]
WASHINGTON (NASA PR) — While we are disappointed in the loss of the two TROPICS CubeSats, the mission is part of NASA’s Earth venture program, which provides opportunities for lower-cost, higher risk missions. Despite a loss of the first two of six satellites, the TROPICS constellation will still meet its science objectives with the four remaining CubeSats distributed in two orbits. With four satellites, TROPICS will still provide improved time-resolved observations of tropical cyclones compared to traditional observing methods.
CAPE CANAVERAL SPACE FORCE STATION, Fla. (NASA PR) — Astra Space Inc. is targeting no earlier than June 12, pending issuance of a launch license from the Federal Aviation Administration, for the first launch of NASA’s Time-Resolved Observations of Precipitation structure and storm Intensity with a Constellation of Smallsats (TROPICS), a constellation of six CubeSats. Two CubeSats, each about the size of a loaf of bread, will launch aboard Astra’s Rocket 3.3 from Space Launch Complex 46 at Cape Canaveral Space Force Station in Florida.