The Year in Commercial Space 2014 (Part II)

Dream Chaser shuttle. (Credit: NASA)
Dream Chaser shuttle. (Credit: NASA)

Second of 2 Stories

It was a busy year for a number of commercial space companies. While most of them made considerable progress, the news wasn’t all good.

A Dream Deferred

Sierra Nevada Corporation (SNC) had a pretty rough year, losing out on two major contracts and laying off more than 100 employees.

On a Friday in May, just as everyone was preparing for the long Memorial Day weekend, Virgin Galactic announced it was dumping the hybrid rubber motor SNC developed for SpaceShipTwo in favor of a hybrid nylon one produced by Scaled Composites.

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Report: Google in Talks with Virgin Galactic on Equity Share, Satellite Launcher Deal

Google_logo_newAs I reported here exclusively back on May 11, Google has been in talks with Virgin Galactic for acquisition of its LauncherOne satellite technology and an equity stake in Richard Branson’s space tourism company. Sky News reports:

The talks are likely to lead to a deal with two main elements, according to insiders.

The first will see Google inject hundreds of millions of dollars into a joint venture, with Virgin Galactic folding in the technology it has developed as part of its efforts to build the world’s first space tourism business.

The second component will involve Google spending roughly $30m (£17.8m) in return for a small stake in the Virgin Galactic holding company.

The terms of the alliance have not yet been finalised and could yet be altered before a deal is struck.

A person close to Google said, though, that its £17.8m investment could value Virgin Galactic at as much as £1.2bn, equating to a shareholding of approximately 1.5%.

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