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…)
With Richard Branson once again predicting that Virgin Galactic will fly SpaeShipTwo into space before the end of the year, it seems like a good time to take a look at the history of suborbital spaceflight.
The number of manned suborbital flights varies depending upon the definition you use. The internationally recognized boundary is 100 km (62.1 miles), which is also known as the Karman line. The U.S. Air Force awarded astronaut wings to any pilot who exceeded 80.5 km (50 miles).
At some point in the next six months, the Mojave Air and Space Port could experience something that not happened here in 13 long years: an actual spaceflight.
Richard Branson is predicting that Virgin Galactic’s SpaceShipTwo Unity could reach space on a flight test from Mojave by December. For once, his prediction does not appear to be based on unrealistic hopes, the need to reassure customers about delays, or a complete misunderstanding of what is happening on the ground here.
In other words, it’s actually plausible. Whether it will happen on that schedule…that’s another question. Flight test is notoriously unpredictable and very tough on timetables.
Now that the second SpaceShipTwo Unity has five glide flights under its belt, the “we’ll fly when we’re ready, we don’t make predictions” era appears to be officially over at Virgin Galactic.
“I certainly would be very disappointed if I don’t go up next year. And I would hope it’s earlier than later in the year,” Richard Branson told British GQ. “The programme says that we should be [testing] in space by December, as long as we don’t have any setbacks between now and then.”
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.
Virgin Galactic completed a successful feathered glide flight of SpaceShipTwo Unity this morning. This was Unity’s fourth glide flight and first feather test for Richard Branson’s space line.
Ken Brown and I got some good pictures of the takeoff. Waiting to see if Ken got some good ones of the drop. For this flight, we didn’t have the best vantage point for that, so we’ll have to see what he captured. He’s busy with some other work right now, so maybe later today. I’ll post some Virgin Galactic photos when they release them.
Virgin Galactic was using a drone that was operating at the Mojave Air and Space Port. If it worked as advertised, we can look forward to interesting video of the takeoff and landing.
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Word has it that Virgin Galactic has scheduled the fourth glide flight of SpaceShipTwo Unity this morning in Mojave. The test will be the first for Richard Branson’s suborbital space plane in more than two months.
On the test card for today is deployment of the new spaceship’s redesigned feather system, which re-configures the ship when it returns from space. Unity will be hauled aloft to an altitude of about 50,000 feet by the WhiteKnightTwo carrier aircraft Eve.
The premature deployment of the feather system during powered ascent led to the destruction of the first SpaceShipTwo Enterprise during a flight test on Oct. 31, 2014. Scaled Composites pilot Mike Alsbury died in the accident. Virgin Galactic has added a mechanism to the feather system to prevent premature deployment of the feather.
The weather forecast looks good for the flight, with sunny skies and low surface wind speeds.
There’s a NOTAM (Notice to Airmen) for the operation of an unmanned aerial system (UAS) at the spaceport from 6 a.m. to noon. It’s not clear who will be operating the system, but it wouldn’t surprise me if Virgin Galactic is aiming to capture video of the flight from the air.
The six-hour period for UAS operations overlaps with the likely window for a SpaceShipTwo flight test. So, it is unlikely that this is a coincidence.
The Virgin Galactic Show Rolls on Through Season 13 with a Very Special Guest Star
By Douglas Messier Managing Editor
Richard Branson was back in Mojave last month for the latest episode of The Virgin Galactic Show, the world’s longest-running reality program about space travel.
Accompanying the billionaire were his son, Sam, and celebrity scientist and television presenter Brian Cox. GeekWire called the trio a “star studded cast,” a label that was probably more accurate than the writer realized.
The script for this visit was virtually identical to the one used when Richard Branson was here back in early December for the first glide flight of SpaceShipTwo No. 2, Unity.
Virgin Galactic Founder Richard Branson was interviewed for the Jan. 30 edition of NPR’s “How I Built This” podcast. Beginning at 25:44, there’s a brief discussion of the October 2014 crash that destroyed the first SpaceShipTwo and killed co-pilot Mike Alsbury.
Branson recalls that for the first 12 hours after the accident he wasn’t sure if the SpaceShipTwo program would continue. “But, once we realized it was a pilot error and not a technical error, I was able to tell all the engineers it was nothing to do with them. And that the basic craft was sound.”
A source tells us that Richard Branson is scheduled to return to Mojave next week to lead a tour for some of Virgin Galactic’s roughly 700 ticket holders. Virgin does these trips for ticket holders periodically, but the boss doesn’t always participate, so this is a BFD.
Along for the trip will be Brian Cox, a British physicist and well-known television presenter, the source tells us. We here at ParacolicArc weren’t sure exactly what that was at first. We initially envisioned someone who shows up at the house along with your new TV to explain its features of your new flast screen, program the remote, hook up the satellite receiver, and do all the rest of it.
That was wrong. It turns out a television presenter is what we Americans call a host. Cox appears to be their version of Neil deGrasse Tyson and/or Bill Nye.
Cox was very vocal in supporting Virgin Galactic after the Oct. 31, 2014 fatal accident that destroyed the first SpaceShipTwo and killed Scaled Composites test pilot Mike Alsbury.
Readers of this blog will recall Branson was here on Dec. 1 to witness the second SpaceShipTwo’s first glide flight. SpaceShipTwo flew again on Dec. 22, but has not done a glide flight since.
With Branson showing up with the ticket holders and Cox in tow, it’s a good bet another glide flight is coming soon. The boss won’t want to explain a two-month gap in flights to folks who have been waiting years for their trip to space.
Update: It’s occurred to me that Virgin Galactic rolled out SpaceShipTwo No. 2 on Feb. 19, 2016. So, the visit next week is coming a year later.
That’s good timing from a PR perspective. There have been only two glide flights to date. A visit by Branson with Brian Cox and ticket holders in tow is a good distraction for anyone (press, public or customers) who might question the pace of the flight test program.
The timing fits a pattern. WhiteKnightTwo was rolled out a year and two days after the fatal nitrous oxide explosion that killed three engineers. Virgin attempted the first drop test of the second SpaceShipTwo two years and a day after the first spacecraft was destroyed. (It was scrubbed by weather, and the first flight was not completed until a month later.)
A project to improve a 24-mile dirt road to Spaceport America is moving forward, the Las Cruces Sun-News reports.
Doña Ana County commissioners in mid-December OK’d an agreement with several government entities involved in the southern-road project that spells out its parameters and how historical and cultural sites will be protected during construction. (more…)