WASHINGTON (NASA PR) — Ten years ago, on August 18, 2006, NASA announced agreements with two private companies that dramatically changed the way NASA does business and the landscape for the commercial space industry.
The announcement was rooted in long term trends dating back to the 1980s, but the immediate cause of this change can be traced to the report of the President’s Commission on Implementation of United States Space Exploration Policy. In the wake of the Columbia accident in 2003, and the announcement of the Vision for Space Exploration by President Bush in early 2004, the Commission was tasked with coming up with recommendations about future space policy.
NASA’s new publication, “Economic Development of Low Earth Orbit,” consists of a series of papers that examines a number of important policy questions that will be of rising importance as NASA transitions human spaceflight in LEO to the private sector.
One of the papers, “Venture Capital Activity in the Low-Earth Orbit Sector,” has detailed information on what U.S. venture capitalists have invested in. Key excerpts from the paper follow. (more…)
Astrotech Corporation (NASDAQ:ASTC), a leading provider of commercial space services, today announced financial results for the third quarter ended March 31, 2009 of its fiscal year 2009. Third Quarter Results
The Company posted a third quarter fiscal year 2009 net income of $3.6 million, or $0.21 per diluted share on revenue of $11.8 million compared with a third quarter fiscal year 2008 net loss of $0.8 million, or $0.06 per diluted share, on revenue of $6.6 million.
Embattled Space Florida – stung by criticism from a legislative audit and negative press about its effectiveness – released a letter of support today from SPACEHAB, a company with which it has worked closely.
SPACEHAB posted a second quarter fiscal year 2009 (December 31, 2008) net loss of $1.6 million, or $0.09 per share, on revenue of $3.8 million compared with a second quarter fiscal year 2008 (December 31, 2007) net loss of $32.8 million, or $4.36 per share, on revenue of $4.3 million.
SPACEHAB Incorporated, a leading provider of commercial space services, reached an agreement in principal with RSC Energia, Russiaâ€™s largest manufacturer of aerospace and space equipment, to provide facilities and support services for its Mini Research Module (MRM1).
The MRM1 will be readied for its journey aboard the U.S. Space Shuttle at the SPACEHAB Cape Canaveral payload processing location. Manifested to fly on STS-132 during the Space Shuttleâ€™s final mission in April 2010, the MRM1 will act as a docking port extension for the Russian Soyuz and Progress vehicles that have transported astronauts and cosmonauts.
SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced financial results for the first quarter ended September 30, 2008 of its fiscal year 2009.
First Quarter Results SPACEHAB posted first quarter fiscal 2009 net income of $55,000, or $0.00 per share, on revenue of $6.0 million compared with first quarter fiscal year 2008 net loss of $856,000, or $.66 per share, on revenue of $8.6 million.
SPACEHAB, Incorporated, a leading provider of commercial space services, today announced its receipt of a NASDAQ Staff Determination letter on October 7, 2008 indicating that the Company has failed to regain compliance with NASDAQ Marketplace Rule 4310(c)(4), and that its securities are, therefore, subject to delisting from The NASDAQ Capital Market.
Marketplace Rule 4310(c)(4) requires that the Company maintain a $1.00 bid price for its common stock traded on the NASDAQ Capitol Market Exchange. Following earlier notices of non-compliance with the requirement, the Company was granted a grace period, which expired on October 6, 2008.
The Company plans to request a hearing before a NASDAQ Listing Qualifications Panel to present its plan of compliance and request continued listing pending the completion of the plan. However, there can be no assurance the Panel will grant the Company’s request for continued listing.
Spacehab and NASA announced an agreement on Friday to use the International Space Station for research and development aimed at creating commercial products on Earth.
â€œThe finalization of this agreement unlocks an entirely new market for us,â€ said Thomas Pickens III, chairman and CEO of the Webster, Tex.-based company. â€œThe ability to utilize the unique microgravity environment for industrial processing purposes is expected to revolutionize a myriad of industries. We believe the utilization of the ISS as a national lab will have a significant social and economic impact and shows great promise of saving lives and providing thousands of new jobs in the coming years.â€
The work will be done by Spacehab’s BioSpace Technologies subsidiary, which also has partnered with Space Florida to develop multiple vaccine models aboard ISS. The Space Shuttle Discovery will carry a salmonella model when it is launched to the orbiting laboratory. The experiment flew aboard the last shuttle flight in March.
â€œWeâ€™re establishing a space-based, biotech corridor that stretches from the International Space Station to the Space Life Sciences Lab at NASAâ€™s John F. Kennedy Space Center,â€ Steve Kohler, president of Space Florida, said in a press release.
â€œValidating a model for vaccine development on this mission opens the door to help people live healthier lives, build a new industry related to pharmaceutical development, and drive diversity in aerospace economic development,â€ Kohler said.
Houston, Texas, April 21, 2008 â€“ SPACEHAB Incorporated, a provider of commercial space services, along with Florida Governor Charlie Crist, recently announced the Company’s partnership with the state of Florida to establish a space-based, biotech corridor that stretches from the International Space Station (ISS) to Earth-based Florida facilities and resources such as the Space Life Sciences Lab at NASA’s John F. Kennedy Space Center (KSC).
The announcement was made at NASA’s Future Forum at the University of Miami Bank United Center on April 18, 2008, marking the establishment of a new “Space Age” industry to produce valuable products in space that show great promise to save and enhance lives on Earth.
“Florida is committed to fostering a thriving aerospace industry and is quickly becoming known as one of the nation’s top biotech centers,” said Governor Crist. “The partnership reinforces our dedication to the biotech industry. This is an exciting opportunity to stimulate progress in this new market and in Florida’s economy.”
Spacehab, a Texas company that soared into orbit building habitable modules for the space shuttle’s cargo bay, has seen its fortunes fall back to Earth in recent years. Its shares closed Wednesday at 48 cents on NASDAQ.
On Monday, NASDAQ notified Spacehab that it faces being delisted from the exchange for failure to maintain the minimum $1.00 per share closing bid over the preceding 30 trading days. The company has until October 6, 2008, to demonstrate compliance with the standard.
In an SEC filing dated April 8, Spacehab said it “has not yet determined what action, if any, it will take in response to this letter, although the Company intends to monitor the closing bid price of its common stock between now and October 6, 2008, and to consider available options if its common stock does not trade at a level likely to result in the Company regaining compliance with The NASDAQ Stock Market minimum closing bid price requirement.”
Spacehab had been hoping to sell 55,000 shares of stock to investors in February. However, that sale was contingent upon winning a contract under NASA’s Commercial Orbital Transportation Services program. That contract went to Orbital Science Corporation instead.
HOUSTON–(BUSINESS WIRE)–SPACEHAB, Incorporated (NASDAQ:SPAB), a provider of commercial space services, today issued a statement from SPACEHAB Chairman and Chief Executive Officer, Thomas B. Pickens, III, regarding NASAâ€™s Commercial Orbital Transportation Services (COTS) announcement on February 19, 2008.
â€œWhile we are disappointed that SPACEHAB was not selected as a winner of the COTS competition, we want to be certain to convey to our stockholders that the Company has been aggressively pursuing other valuable opportunities including growing our profitable Astrotech subsidiary, primarily through our expanded long term relationship with the U.S. Government Office of Space Launch and our announced end-to-end ALLSAT satellite service system. Also, by design, most of the costs and advanced engineering that were invested in the COTS ARCTUS Program are also being applied to advance our ALLSAT satellite system.