How Private Space Companies Make Money Exploring The Final Frontier

Thursday, October 2, 2014

How Private Space Companies Make Money Exploring The Final Frontier

How Private Space Companies Make Money Exploring The Final Frontier:

Virgin Galactic’s SpaceShipTwo soars in a powered flight test on Sept. 5, 2013. Credit: MarsScientific.com and Clay Center Observatory

TORONTO, CANADA – There’s a big difference in thinking between governments and the private companies that participate in space. While entities such as NASA can work on understanding basic human health or exploring the universe for the sake of a greater understanding, companies have a limitation: they need to eventually make a profit.

This was brought up in a human spaceflight discussion at the International Astronautical Congress today (Oct. 1), which included participants from agencies and companies alike. Below are some concepts for how private companies in the space world today are making their money.

“We have in space a movement towards more privatization … and also for more use of space activities in general and human space activity in the future by individual private persons,” said Johann Dietrich Worner, chairman of the executive board of DLR (Germany’s space agency), in the panel.

“You can imagine that even for the upcoming 10 to 20 to 30 years, the public funding is the basic funding for [space] activities while in other areas, we are already seeing that private money is doing its work if you look to communication and if you look to other activities, like for instance, research in space.”

But commercial spaceflight is already taking place, as some of these examples show.

Commercial crew

Would you ‘Enter the Dragon’?
First look inside SpaceX Dragon V2 next generation astronaut spacecraft unveiled by CEO Elon Musk on May 29, 2014. Credit: Robert Fisher/AmericaSpace

The two successful companies in NASA’s latest round of commercial contracts — SpaceX (Dragon) and Boeing (CST-100) — are each receiving government money to develop their private space taxis. The companies are responsible for meeting certain milestones to receive funds. There is quite the element of risk involved because the commercial contracts are only given out in stages; you could be partway through developing the spacecraft and then discover you will not be awarded one for the next round. This is what happened to Sierra Nevada Corp., whose Dream Chaser concept did not receive more money in the announcement last month. The company has filed a legal challenge in response.

Private space travel

Sir Richard Branson hugs designer Burt Rutan as they are surrounded by employee's of Virgin Galactic, The SpaceShip Company and Scaled Composites watch as Virgin Galactic's SpaceShip2 streaks across the sky under rocket power, its first ever since the program began in 2005. Burt's wife Tonya Rutan is at right taking their photo. The spacecraft was dropped from its "mothership", WhiteKnight2 over the Mojave, CA area, April 29, 2013 at high altitude before firing its hybrid power motor. Virgin Galactic hopes to become the first commercial space venture to bring multiple passengers into space on a regular basis.

Sir Richard Branson hugs designer Burt Rutan, surrounded by employees of Virgin Galactic, The SpaceShip Company, and Scaled Composites, and watch as Virgin Galactic’s SpaceShip2 streaks across the sky under rocket power, its first ever since the program began in 2005. Burt’s wife Tonya Rutan is at right taking their photo. The spacecraft was dropped from its “mothership,” WhiteKnight2, over the Mojave CA area on April 29, 2013, at high altitude before firing its hybrid power motor. Virgin Galactic hopes to become the first commercial space venture to bring multiple passengers into space on a regular basis.

Virgin Galactic and its founder, Richard Branson, are perhaps the most visible of the companies that are looking to bring private citizens into space — as long as they can pay $250,000 for a ride. The first flight of Virgin into space is expected in the next year. Customers must pay a deposit upfront upon registering and then the balance before they head into suborbit. In the case of Virgin, Branson has a portfolio of companies that can take on the financial risk during the startup phase, but eventually the company will look to turn a profit through the customer payments.

Asteroid mining

Artist concept of the ARKYD spacecraft by an asteroid. Credit: Planetary Resources.

The business case for Planetary Resources and Deep Space Industries, the two self-proclaimed asteroid mining companies, hasn’t fully been released yet. We assume that the companies would look to make a profit through selling whatever resources they manage to dig up on asteroids, but bear in mind it would cost quite a bit of money to get a spacecraft there and back. Meanwhile, Planetary Resources is diversifying its income somewhat by initiatives such as the Arkyd-100 telescope, which will look for asteroids from Earth orbit. They raised money for the project through crowdsourcing.

Space station research

The International Space Station in March 2009 as seen from the departing STS-119 space shuttle Discovery crew. Credit: NASA/ESA

NanoRacks is a company that has research slots available on the International Space Station that it sells to entities looking to do research in microgravity. The company has places inside the station and can also deploy small satellites through a Japanese system. While the company’s website makes it clear that they are focused on ISS utilization, officials also express an interest in doing research in geocentric orbit, the moon or even Mars.

About Elizabeth Howell

Elizabeth Howell is the senior writer at Universe Today. She also works for Space.com, Space Exploration Network, the NASA Lunar Science Institute, NASA Astrobiology Magazine and LiveScience, among others. Career highlights include watching three shuttle launches, and going on a two-week simulated Mars expedition in rural Utah. You can follow her on Twitter @howellspace or contact her at her website.

Tagged as: asteroid mining, boeing CST 100, commercial crew program, deep space industries, Dragon, NanoRacks, Planetary Resources, Sierra Nevada

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The National Aeronautics and Space Administration (NASA) is the United States government agency responsible for the civilian space program as well as aeronautics and aerospace research. President Dwight D. Eisenhower established the National Aeronautics and Space Administration (NASA) in 1958 with a distinctly civilian (rather than military) orientation encouraging peaceful applications in space science. The National Aeronautics and Space Act was passed on July 29, 1958, disestablishing NASA's predecessor, the National Advisory Committee for Aeronautics (NACA). The new agency became operational on October 1, 1958.

UFO SIGHTINGS PHOTO PHOTOGRAPHY

The Oxford English Dictionary defines a UFO as "An unidentified flying object; a 'flying saucer'." The first published book to use the word was authored by Donald E. Keyhoe. The acronym "UFO" was coined by Captain Edward J. Ruppelt, who headed Project Blue Book, then the USAF's official investigation of UFOs. He wrote, "Obviously the term 'flying saucer' is misleading when applied to objects of every conceivable shape and performance. For this reason the military prefers the more general, if less colorful, name: unidentified flying objects. UFO (pronounced Yoo-foe) for short." Other phrases that were used officially and that predate the UFO acronym include "flying flapjack", "flying disc", "unexplained flying discs", "unidentifiable object", and "flying saucer". The phrase "flying saucer" had gained widespread attention after the summer of 1947. On June 24, a civilian pilot named Kenneth Arnold reported seeing nine objects flying in formation near Mount Rainier. Arnold timed the sighting and estimated the speed of discs to be over 1,200 mph (1,931 km/h). At the time, he described the objects' shape as being somewhat disc-like or saucer-like, leading to newspaper accounts of "flying saucers" and "flying discs". In popular usage the term UFO came to be used to refer to claims of alien spacecraft. and because of the public and media ridicule associated with the topic, some investigators prefer to use such terms as unidentified aerial phenomenon (or UAP) or anomalous phenomena, as in the title of the National Aviation Reporting Center on Anomalous Phenomena (NARCAP).

UFO PHOTO PHOTOGRAPHY

UFO - Unidentified Flying Object An unidentified flying object, or UFO, in its most general definition, is any apparent anomaly in the sky that is not identifiable as a known object or phenomenon. Culturally, UFOs are associated with claims of visitation by extraterrestrial life or government-related conspiracy theories, and have become popular subjects in fiction. While UFOs are often later identified, sometimes identification may not be possible owing to the usually low quality of evidence related to UFO sightings (generally anecdotal evidence and eyewitness accounts). Stories of fantastical celestial apparitions have been told since antiquity, but the term "UFO" (or "UFOB") was officially created in 1953 by the United States Air Force (USAF) to serve as a catch-all for all such reports. In its initial definition, the USAF stated that a "UFOB" was "any airborne object which by performance, aerodynamic characteristics, or unusual features, does not conform to any presently known aircraft or missile type, or which cannot be positively identified as a familiar object." Accordingly, the term was initially restricted to that fraction of cases which remained unidentified after investigation, as the USAF was interested in potential national security reasons and/or "technical aspects" (see Air Force Regulation 200-2). During the late 1940s and through the 1950s, UFOs were often referred to popularly as "flying saucers" or "flying discs". The term UFO became more widespread during the 1950s, at first in technical literature, but later in popular use. UFOs garnered considerable interest during the Cold War, an era associated with a heightened concern for national security. Various studies have concluded that the phenomenon does not represent a threat to national security nor does it contain anything worthy of scientific pursuit (e.g., 1951 Flying Saucer Working Party, 1953 CIA Robertson Panel, USAF Project Blue Book, Condon Committee).

Photos of Nature | Nature Photography What is The Universe

Photos of Nature | Nature Photography What is The Universe

Thursday, October 2, 2014