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.”
Pics of SpaceX spacesuit developed for NASA commercial crew program coming out next week. Undergoing ocean landing mobility/safety tests.
— Elon Musk (@elonmusk) August 20, 2017
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.
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.
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.
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.
A 9m diameter vehicle fits in our existing factories …
— Elon Musk (@elonmusk) July 22, 2017
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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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.
By Douglas Messier
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.
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
By Douglas Messier
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.”
Video Caption: On July 19, 2017, SpaceX founder Elon Musk was interviewed at the ISS R&D Conference in Washington, DC. He also took questions from the audience.
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.