Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?
by Douglas Messier Managing Editor
Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.
A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.
SEATTLE (Microsoft PR) — Microsoft is moving into the final frontier with Azure Space, a new initiative that will deliver innovation to serve the mission needs of the space industry, and collaborating with industry leaders to bring new and enhanced offerings to organizations across the public and private sector.
As barriers to space access fall, organizations across a multitude of industries are taking advantage of the opportunities that satellites and other space technologies can offer for endeavors such as earth observation and global satellite communications. This creates rich opportunities as well as challenges.
LUXEMBOURG, 22 September 2020 (SES PR) – SES today announced it has joined as the medium Earth orbit (MEO) connectivity partner for Microsoft Azure Orbital, Microsoft’s new managed service enabling network operators to communicate and control their satellite capacity, process data, and scale their operations directly within Azure.
The integration is part of a multi-year agreement between the two companies that accelerates and expands SES’s use of Azure to significantly advance the digital transformation of the company’s services and operations as part of its cloud-first strategy.
WASHINGTON (Trump Administration PR) — The White House announced the launch of the COVID-19 High Performance Computing Consortium to provide COVID-19 researchers worldwide with access to the world’s most powerful high performance computing resources that can significantly advance the pace of scientific discovery in the fight to stop the virus.
“America is coming together to fight COVID-19, and that means unleashing the full capacity of our world-class supercomputers to rapidly advance scientific research for treatments and a vaccine. We thank the private sector and academic leaders who are joining the federal government as part of the Trump Administration’s whole-of-America response,” said Michael Kratsios, U.S. Chief Technology Officer.
Today, Sept. 27, marks the 15th anniversary of Richard Branson announcing the launch of Virgin Galactic Airways. It’s been a long, winding road between that day and today, filled with many broken promises, missed deadlines, fatal accidents and a pair of spaceflights.
This year actually marks a double anniversary: it’s been 20 years since Branson registered the company and began searching for a vehicle the company could use to fly tourists into suborbital space.
Below is a timeline of the important events over that period.
BOULDER, Colo., Sept. 17, 2019 (Ball Aerospace PR) — Ball Aerospace and Microsoft were selected to demonstrate agile cloud processing capabilities in support of the U.S. Air Force’s Space and Missile Systems Center’s Commercially Augmented Space Inter Networked Operations (CASINO) project. The demonstration will show how simultaneous, worldwide data streams from large, distributed constellations of small satellites can be processed quickly using Microsoft’s Azure cloud and Ball Aerospace algorithms.
Additionally, the demonstration will include a single downlink directly into a Microsoft data center using a Ball Aerospace phased array antenna.
PASADENA, Calif. (NASA PR) — What might it look like if you were walking around on Mars? A group of researchers at NASA’s Jet Propulsion Laboratory, Pasadena, California, has been working on methods to take this question from the realm of imagination to the mind-bending domain of mixed reality.
HOUSTON (NASA PR) — Over the weekend, Expedition 46 commander Scott Kelly worked with ground controllers to successfully checkout the Sidekick device and internet connectivity. The project, which makes use of Microsoft’s HoloLens device, aims to enable station crews with assistance when and where they need it. This new capability could reduce crew training requirements and increase the efficiency at which astronauts can work in space.
WASHINGTON (NASA PR) — NASA and Microsoft are teaming up to develop Sidekick, a new project using commercial technology to empower astronauts aboard the International Space Station (ISS).
Sidekick uses Microsoft HoloLens to provide virtual aid to astronauts working off the Earth, for the Earth. A pair of the devices is scheduled to launch on SpaceX’s seventh commercial resupply mission to the station on June 28.
Forbes has published its annual list of the planet’s billionaires. A small but growing number of them are either directly supporting major space projects or doing so through the companies that they run.
2015 NET WORTH (BILLIONS)
SOURCE(S) OF WEALTH
Global satellite network
SpaceX, Planetary Resources, Planetary Ventures, Google Lunar X Prize, Skybox
SpaceX, Planetary Ventures, Google Lunar X Prize, Skybox
SpaceX, Google Lunar X Prize, Planetary Ventures, Skybox
Virgin Galactic, Planetary Resources, OneWeb
Kavitark Ram Shriram
Google, venture capital
H. Ross Perot, Jr.
Computer services, real estate
University of Phoenix
I’ve added Mark Zuckerberg of Facebook to the list this year. His company is reportedly working on a global broadband network that would involve satellites, although details of the plan have not been made public.
I’ve left off Cirque du Soleil’s Guy Laliberte, who came in at number 1006 with a net worth of $1.9 billion. Although he once took a trip to the International Space Station, he is not known to be funding any major space projects at the moment.
Update: I’ve added Charles Ergen and Peter Sperling to the list. Big shout out to Rex Ridenoure over at Ecliptic Enterprises.
PASADENA, Calif. (NASA PR) — NASA and Microsoft have teamed up to develop software called OnSight, a new technology that will enable scientists to work virtually on Mars using wearable technology called Microsoft HoloLens.
Developed by NASA’s Jet Propulsion Laboratory (JPL) in Pasadena, California, OnSight will give scientists a means to plan and, along with the Mars Curiosity rover, conduct science operations on the Red Planet.
Clark Lindsey over at New Space Watch reports on the following rumor from Silicon Valley:
NSG Analysts have heard from several usually reliable industry sources that a major company, possibly “Google or Facebook,” could be announcing the launch of a very large constellation of satellites in the near future.
“Very large constellation” is defined as up to 1,600 small satellites. Based on information Parabolic Arc has received, the story seems to be true. Google appears to be pursuing a plan to provide global broadband services that is similar to a failed attempt by a company called Teledesic.
Forbes has released its annual list of the world’s billionaires. There are a record 1,426 individuals with an aggregate net worth of $5.4 trillion in the world. The table below shows the tiny handful of this group — nine individuals — who are currently or have been previously involved in space projects.
Elon Musk has made his first appearance on the Forbes list of the world’s billionaires. The 40-year-old entrepreneur has landed at 634 on the list with an estimated net worth of $2 billion.
Musk has developed the Falcon 9 rocket and Dragon vehicle to send cargo and crew to the International Space Station. His company, SpaceX, has received money under NASA’s COTS (for cargo) and CCDev (crew) programs. He is also reported to have invested up to $100 million of his own funds into SpaceX.
In addition to his involvement with SpaceX, Musk is a trustee of the X PRIZE Foundation, whose space competitions include the Ansari X Prize, the Google Lunar X Prize and the Northrup Grumman Lunar Lander Challenge.
The South African-born entrepreneur also runs two other companies, the electric car producer Tesla Motors and SolarCity, which provides solar energy systems.