SpaceX
Canvas Category OEM : Aerospace
Building on the achievements of Falcon 9 and Falcon Heavy, SpaceX is working on a next generation of fully reusable launch vehicles that will be the most powerful ever built, capable of carrying humans to Mars and other destinations in the solar system.
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Starlink’s rapid rise to free cash flow
According to the research firm Quilty Space, SpaceX’s Starlink satellite Internet business is now profitable. During a webinar, analysts from the firm outlined the reasons why they think SpaceX has been able to achieve a positive cash flow in its space Internet business just five years after the first batch of 60 satellites were launched.
Because Starlink is part of SpaceX’s portfolio, the company’s true financial situation is private. So Quilty built a model to assess the company’s profitability. First, the researchers assessed revenue. The firm estimates this will grow to $6.6 billion in 2024, up from essentially zero just four years ago.
Quilty estimates that Starlink will have an EBITDA of $3.8 billion this year. This value indicates how well a company is managing its day-to-day operations and stands for earnings before interest, taxes, depreciation, and amortization. Additionally, Quilty estimates that capital expenditures for Starlink will be $3.1 billion this year. This leaves an estimated free cash flow from the business of about $600 million. In other words, Starlink is making money for SpaceX. It is self-sustaining.
GITAI Autonomous Robotic Arm Arrives at Space Station to Conduct ISAM External Tech-Demo
GITAI USA Inc. (GITAI), the world’s leading space robotics startup, is pleased to announce that its 1.5-meter-long autonomous dual robotic arm system (S2) has successfully arrived at the International Space Station (ISS) aboard the SpaceX Falcon 9 rocket (NG-20) to conduct an external demonstration of in-space servicing, assembly, and manufacturing (ISAM) while onboard the ISS. The success of the S2 tech-demo will be a major milestone for GITAI, confirming the feasibility of this technology as a fully operational system in space.
John Deere, Meet Elon Musk: SpaceX Satellites to Link Farm Giant’s Equipment
Deere said it would tap SpaceX’s satellite fleet to propel the tractor maker’s digital farming push and help automate planting and harvesting in remote locations. The world’s largest farm machinery manufacturer signed a deal with SpaceX’s Starlink business to connect tractors, seed planters, crop sprayers and other equipment in areas that lack adequate internet service, allowing them to use Deere’s digital products.
🚀🏭 SpaceX successfully launches world’s first 'space factory'
In 2019, pharma giant Merck revealed that an experiment on the International Space Station had shown how to make its blockbuster cancer drug Keytruda more stable. That meant it could now be administered via a shot rather than through an IV infusion. The key to the discovery was the fact that particles behave differently when freed from the force of gravity — seeing how its drug crystalized in microgravity helped Merck figure out how to tweak its manufacturing process on Earth to produce the more stable version.
During the satellite’s first week in space, Varda will focus on testing its systems to make sure everything works as hoped. The second week will be dedicated to heating and cooling the old HIV-AIDS drug ritonavir repeatedly to study how its particles crystalize in microgravity. After about a month in space, Varda will attempt to bring its first space factory back to Earth, sending it through the atmosphere at hypersonic speeds and then using a parachute system to safely land at the Department of Defense’s Utah Test and Training Range.
“Pharmaceuticals are the most valuable chemicals per unit mass,” Bruey told CNN. “And they also have a large market on Earth.”
The SpaceX Effect - The Culture Behind SpaceX
Let’s start with the execution side. Over the years, Elon Musk has given some brief windows into how they operate. One of the best examples is an interview Musk gave in 2021 where he outlines the five-step design process: Make requirements less dumb, Delete the part or process, Simplify or optimize, Accelerate cycle time, Automate.
SpaceX is now building a Raptor engine a day, NASA says
NASA selected SpaceX and Starship for its Human Landing System in April 2021. In some ways, this was the riskiest choice of NASA’s options because Starship is a very large and technically advanced vehicle. However, because of the company’s self-investment of billions of dollars into the project, SpaceX submitted the lowest bid, and from its previous work with SpaceX, NASA had confidence that the company would ultimately deliver.
Two of NASA’s biggest technological development concerns were the new Raptor rocket engine and the transfer and storage of liquid oxygen and methane propellant in orbit, said Mark Kirasich, NASA’s deputy associate administrator who oversees the development of Artemis missions to the Moon. During a subcommittee meeting of NASA’s Advisory Council on Monday, however, Kirasich said SpaceX has made substantial progress in both areas.