Space Real Estate: Sierra Space, Blue Origin & Boeing

The Emerging Landscape of Commercial Space Stations

It is a remarkable moment in history to witness companies actively formulating strategies for the development of commercial space stations. This signifies a substantial shift in the space industry.

Orbital Reef and Key Players

Several prominent organizations, including Sierra Space, Blue Origin, and Boeing, are currently outlining their visions for a station known as Orbital Reef. These plans represent a significant investment in the future of off-Earth infrastructure.

The development of Orbital Reef aims to create a versatile platform for research, manufacturing, and tourism in low Earth orbit.

Recent Developments and Industry Trends

Beyond the progress surrounding Orbital Reef, other noteworthy events are shaping the space sector. This week has seen activity involving space-focused Special Purpose Acquisition Companies (SPACs).

These financial maneuvers indicate continued investor interest and a dynamic market environment within the commercial space domain.

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Orbital Reef: Securing a Foothold in Low Earth Orbit

A significant development is unfolding in the realm of space exploration. Sierra Space, Blue Origin, and Boeing are collaborating to establish a spacecraft in orbit, anticipated to be operational in the latter part of this decade.

This ambitious project, designated “Orbital Reef,” will integrate technologies and services provided by Redwire Space, Genesis Engineering, and Arizona State University.

Competition in Commercial Space Stations

This announcement arrives shortly after Voyager Space, Nanoracks, and Lockheed Martin unveiled their own strategy for a commercial space station, slated for launch in 2027. Furthermore, Axiom Space is actively developing plans for a commercial station of its own.

The emergence of multiple contenders signals a growing interest in commercializing access to Low Earth Orbit (LEO).

Key Challenges and Uncertainties

Crucial questions surrounding these ventures remain unanswered, particularly concerning the overall financial investment required. Executives involved have not yet disclosed cost estimates.

Another vital factor is the successful orbital deployment of Blue Origin’s New Glenn, Boeing’s Starliner, and Sierra Space’s Dream Chaser spaceplane. Currently, none of these launch systems have achieved orbital flight, yet the consortium aims to have its commercial station operational within the decade.

The timely development and launch of these vehicles are essential for realizing the Orbital Reef vision.

• The project relies on the success of New Glenn.
• Starliner’s operational status is critical.
• Dream Chaser’s orbital capabilities are also necessary.

Terran Orbital to Become Publicly Traded Through SPAC Merger

The surge in space-focused companies accessing public markets through Special Purpose Acquisition Companies (SPACs) continues. Terran Orbital, a prominent small satellite manufacturer, is set to go public by merging with Tailwind Two Acquisition Corp, a SPAC.

This transaction establishes a post-merger enterprise value of $1.58 billion for Terran Orbital and will provide the company with approximately $470 million in capital.

Focus on Government Contracts and Expansion

Terran Orbital primarily functions as a satellite contract manufacturer, serving largely governmental clients. The company is currently preparing to inaugurate a new, expansive spacecraft manufacturing facility located in Florida, poised to be the largest of its kind globally.

Beyond manufacturing, Terran Orbital intends to both launch and manage its own satellite network. Furthermore, the company plans to offer satellite imagery as a commercial service.

A New Service Model: "Satellites-as-a-Service"

CEO Marc Bell articulated the company’s vision as a novel service paradigm. He described it as “Satellites-as-a-Service,” drawing a parallel to the established Software-as-a-Service (SaaS) model.

This approach signifies a shift towards providing access to satellite capabilities rather than solely focusing on hardware production. It represents a key component of Terran Orbital’s long-term growth strategy.

Recent Developments from TechCrunch

A significant achievement has been reached by Gitai Japan with the successful demonstration of their robotic arm technology on the International Space Station. This marks a crucial step forward for the Tokyo-based company in its ambition to make space robotics commercially viable.

Gitai envisions a future where robots form the core workforce for establishing and maintaining off-world settlements, specifically on the Moon and Mars.

New Space-Focused Investment

Promus Ventures, a venture capital firm headquartered in Chicago, has finalized a €120 million ($139 million) fund dedicated to space-related investments, known as Orbital Ventures.

Operating from Luxembourg, the fund will concentrate on providing capital to space companies in their early stages of development.

Key Takeaways: These developments highlight growing investment and technological advancement in the space sector.

• Gitai’s robotic arm demo showcases progress in space robotics.
• Orbital Ventures provides crucial funding for early-stage space companies.

The successful demonstration by Gitai and the launch of Orbital Ventures signal continued momentum in the commercialization of space and the pursuit of off-world colonization.

Recent Developments in the Space Industry

ABL Space experienced a significant week, successfully securing $200 million in funding from current investors, notably Fidelity Management and Lockheed Martin Ventures.

This financial injection has elevated the company’s valuation to $2.4 billion.

ABL Space is preparing for the inaugural launch of its RS1 rocket from Alaska before the end of the current year.

Amazon and Verizon Collaboration

A new agreement has been established between Amazon and Verizon, focusing on Amazon’s Project Kuiper internet satellite initiative.

Verizon intends to enhance wireless internet connectivity in underserved rural regions of the U.S. through the expansion of its LTE and 5G networks.

Space Debris Removal Efforts

Astroscale and ClearSpace have jointly been granted £700,000 ($1 million) by the U.K. Space Agency.

These funds will be utilized for conducting feasibility studies related to the de-orbiting of defunct satellites, effectively addressing the growing issue of space junk.

Firefly Aerospace's Lunar Mission

Firefly Aerospace remains on schedule to launch its Blue Ghost lunar lander to the moon in September 2023.

The company has successfully completed a critical design review with NASA, enabling the commencement of spacecraft construction.

Firefly’s long-term objective is to establish regular annual missions to the lunar surface.

Isar Aerospace and EnduroSat Partnership

Isar Aerospace has formalized a launch services agreement with satellite operator EnduroSat.

This agreement outlines the launch of multiple satellites into orbit from Isar Aerospace’s facility in Andøya, Norway, between 2022 and 2025.

ispace Secures Additional Investment

ispace has received a new investment from Airbus Ventures, as part of a Series C extension.

This brings the company’s total funding raised to approximately $200 million.

ispace currently has three planned lunar lander missions scheduled through 2024.

TC Sessions: Space Returns This December

Following the success of our inaugural space-focused event last year, we are pleased to announce its return in 2021. This year’s conference, TC Sessions: Space, will be held on December 14th and 15th.

The event will again be conducted entirely online, ensuring global accessibility for attendees worldwide. Participation is open to everyone interested in the space industry.

What to Expect at TC Sessions: Space

This virtual conference provides a unique platform for engaging with leading figures in the space technology sector. Attendees will have the opportunity to learn about the latest advancements and trends.

• Expect insightful discussions on the future of space exploration.
• Networking opportunities with industry professionals will be available.
• Gain valuable knowledge regarding emerging space technologies.

TC Sessions: Space aims to foster collaboration and innovation within the rapidly evolving space ecosystem. It’s a chance to connect with the brightest minds shaping the future of space travel and technology.

Don't miss this opportunity to be part of a pivotal event in the space industry. Register now to secure your virtual spot!

The image depicts a scene from TC Sessions: Space 2021, an event focused on the space industry.

Event Overview

TC Sessions: Space 2021 was a conference dedicated to exploring the latest advancements and future trends within the space technology sector. It brought together industry leaders, investors, and innovators.

Visual Details

The photograph captures a moment during the event, likely a presentation or panel discussion. Attendees are visible, suggesting a well-attended gathering.

Context and Significance

Events like TC Sessions: Space play a crucial role in fostering collaboration and driving innovation in the rapidly evolving space industry. They provide a platform for sharing knowledge and securing funding.

Key Takeaways

The image serves as a visual representation of the growing interest and investment in space exploration and commercialization. It highlights the dynamism of this technological frontier.

Further Information

More details about TC Sessions: Space 2021, including speakers and topics covered, can be found on TechCrunch’s website. This event is a key indicator of the direction of the space sector.

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