RECEIVING TRANSMISSIONT007 · ARCHIVE
6 MIN READ23 FEB 2024
guest@trailblazers: ~/archive $ cat T007.txt | less6 MIN · FRANCOIS LAMBERT
T00723 FEB 20246 MIN READFRANCOIS LAMBERT

T007 // Don’t Burn Bridges in Space

Plus Tough Year for the Space Insurance Market and the Latest Deal Flows

FIG. 01 · T007 COVERREC ●TRANSMISSION T007

#LAUNCHPADIn today’s edition

G’day — and welcome to the 119 Trailblazers who have joined us since last time!

We’re Trailblazers, the Space Newsletter that's all about international collaboration—because you never know when you'll need a space-faring friend to pass you a wrench (or a satellite) in orbit.

  • #EVENTHORIZONInternational Collaboration in Space: Building Bridges
  • #STARGRAPHGartner Hype Cycle for the Space Economy
  • #PRODUCTIVITY5 Resources to Boost Your Workflows
  • #DEALFLOWDeal Flow: The Latest Deals in the Space Economy
  • #GHOSTINTHEMACHINEGalactic ambitions, launching without a hitch

#TOGETHERWITHManage Any Space Project, Your Way

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Archived sponsor message from 23 FEB 2024.

#NEWSSpace Economy Bites & Snaps

★ BITE

Space Insurance

The space insurance market faced a tough 2023 with losses totaling $1.2 billion, leading to premium hikes up to 160%. This shift affects stakeholders across the board.

★ BITE

Privacy Concerns

A startup called Albedo is developing satellites capable of zooming in on individuals from space, raising significant privacy and surveillance fears. This technology blurs the line between safety and privacy invasion, warranting public concern.

★ BITE

Historic Landing

 : Despite some tense moments, the Odysseus, a groundbreaking private moon lander, has achieved a historic milestone by safely landing on the lunar surface, marking the first commercial lunar landing and symbolizing the U.S.'s triumphant return to the moon since 1972. A small step for the Space Industry; a giant leap for the Space Economy?

  • SNAP · 01FAA Boost: FAA forms a new aerospace rulemaking committee (SpARC) to streamline license process for launches and reentries.
  • SNAP · 02SpaceBalloon Luxury: Space Perspective unveils luxurious, accessible voyages with its innovative capsule.
  • SNAP · 03Space Sustainability: ClearSpace snatches new UK deal aiming to develop satellite refueling, cutting debris and extending missions.
  • SNAP · 04Omnispace in Brazil: Omnispace receives regulatory approval to launch S-band satellite service in Brazil, targeting over 735 million.
  • SNAP · 05Blue Leap: Blue Origin's New Glenn rocket makes its debut, showcasing its readiness and marking a significant leap towards commercial space exploration.

#MARKETWATCHInvesting in the Universe

// Snapshot as publishedFebruary 22, 2024, 3:59 p.m. ET
FUNDPRICECHANGE
Procure Space ETF (UFO)$16.97▼ -0.6%
RK Space Exploration and Innovation (ARKX)$14.48▼ -0.5%
S&P Kensho Final Frontiers (ROKT)$43.78▲ +0.5%
As at February 22, 2024, 3:59 p.m. ET · Archived prices · Not financial advice.
// Live market todayNot the prices at publication, which are in the snapshot above.
MKTWATCH.LIVE Live market today · delayed
vs
// Movers · by group
Charts, quotes and data by TradingView; prices are delayed and shown in each listing's currency. Switch a group to load its companies into the chart's watchlist, and use the chart's own compare and scale tools for more. For information only, not investment advice.
FIG. · Space economy MarketWatchDATA · TradingView, delayed

#EVENTHORIZONTrends in Space, Tech, and AI

International Collaboration in Space: Building Bridges

Few countries can afford to do space alone. Missions are expensive, risky and long. Sharing the work spreads the cost and the risk across partners. It also brings in more ideas. And it keeps a project alive when one government changes its priorities.

A short paper by Yangming Cao, of Dalian University of Finance and Economics, looks at how this works in practice. Titled “Analyzing SpaceX’s International Collaborations: Conflicts and Coordination Mechanisms with Space Partners”, it uses SpaceX’s partnerships as its case study. These include NASA’s Commercial Crew Program, cargo flights to the International Space Station, and launches for the European Space Agency and other national agencies.

Cao starts from a simple point: partnerships create friction as well as value. The paper names five sources:

  • Commercial interests. Partners on one project can be competitors for the next contract.

  • Intellectual property. When teams share designs and know-how, it can be unclear who owns what they build together.

  • Technical standards. Systems built to different specifications do not always fit together. Adapting them takes time and money.

  • Law and policy. Each country sets its own rules, so partners on the same project carry different obligations.

  • Culture. Different working norms and expectations can lead to misunderstandings.

The legal point deserves a closer look. Under Article VI of the Outer Space Treaty, each state is responsible for the space activities of its companies and must supervise them. Cao notes that international space law says little else about private companies. In practice, commercial space activity is regulated country by country.

The paper then sets out the tools that keep partnerships on track:

  • cross-functional teams that bring different skills to one problem

  • detailed project plans, with schedules and milestones

  • regular, open communication between partners

  • sharing knowledge and technology where it helps both sides

  • a mix of partners, each bringing its own expertise

  • goals agreed together at the start

None of these tools belongs to one company. They apply to any organisation working across borders, from a start-up selling its first satellite service abroad to an agency joining a lunar mission. Cao’s conclusion is that shared goals, good communication and a willingness to adapt matter as much as the technology.

As orbit gets busier, the balance between competition and cooperation will matter more.

Read the full paper here.

A large part of my work has been market access: helping satellite operators get the licences they need to serve new countries. Cao looks at partnerships between agencies and companies. My work sits one step further along, where a satellite service meets a national regulator. The same lessons apply there.

Market access is a long game. A licence is not a one-off transaction. It starts a relationship with a regulator that can last decades, through renewals, spectrum decisions and new rules.

Every country is different. The Outer Space Treaty leaves licensing to each state, and each has built its own system. One country may cap foreign ownership. Another may require a gateway on its soil, or that some data stays in the country. An application that worked in one market rarely works unchanged in the next.

Engage early. Regulators prefer to hear about a new service before it launches. Early conversations give them time to raise concerns, and give you time to address them.

Local partners matter. A good local partner understands the rules, the institutions and the unwritten expectations. That knowledge is hard to build from the outside.

In my experience, the operators that do well across borders invest in these relationships early and keep investing in them.

#STARGRAPHGartner Hype Cycle for the Space Economy

HYPE.CYCLEannual mass launched · 1957-2022
~465 ta year at the 1970s peak (trend)
~170 tthe early-2000s trough (trend)
918 tlaunched in the record year
Phase 4 · Climbing the Slope
  • Second-generation products, some services
  • Methodologies and best practices developing
  • Third-generation products, out of the box, product suites
02004006008001K195019601970198019902000201020202030YearMass launched per year (tonnes)
The dashed line is the original's hand-drawn trend; the dots are the yearly totals read off its scatter (about ±3 t). The 1970s peak, the trough around 2000 and the climb since 2015 echo the hype cycle's phases.
FIG. · The hype cycle of the space economyDATA · Ed Tate (Virtus Solis); hype cycle after Olga Tarkovskiy (CC BY-SA 3.0), 1957-2022

#PRODUCTIVITY5 Resources to Boost Your Workflows

  • TOOL · 01Text Blaze → A Chrome extension that boosts productivity with pre-typed templates and grammar corrections, reducing repetitive typing and mistakes.
  • TOOL · 02Sourcely → Find reliable sources for your content.
  • TOOL · 03Monday.comPROMOTED → A collaboration platform that allows teams to focus on executing tasks, projects, and processes efficiently and achieve shared goals at scale.
  • TOOL · 04An Astronaut's Guide to Life on Earth → by Chris Hadfield, offers insights on life and work from a celebrated astronaut, sharing lessons on resilience, teamwork, and leadership applicable to various situations.
  • TOOL · 05Marketplace - "The new in-space economy" → Namrata Goswami talks about the space economy's growth to $1 trillion by 2030, its future potential, and updating space regulations.

#DEALFLOWThe Latest Investments in the Space Economy

// 4 DEALS LOGGEDAMOUNT · TYPE
  1. 01Gilmour Space secures $36M Series D for Australian rocket launches, aiming for first orbital test flight.$36MSERIES D
  2. 02Space Circling raises over $13.9M Series A to enhance rocket engine production, focusing on innovative propulsion technologies.$13.9MSERIES A
  3. 03Orienspace Raises $83.5M Series B for next-gen rocket development, eyes competitive space launch market.$83.5MSERIES B
  4. 04Trinity Capital commits $120M in equipment financing to Rocket Lab, bolstering U.S. manufacturing and innovation in space technology$120M

#GHOSTINTHEMACHINEGalactic ambitions, launching without a hitch

Galactic ambitions, launching without a hitch 101

“Galactic ambitions, launching without a hitch.”

Inspiration from the world of AI

EOFUntil Next Time

#MISSIONDEBRIEFGetting Better Together

I value your opinion, so if you have specific advice or anything interesting you’d like to share, please let me know on LinkedIn.

Thank you for reading and see you at the next orbit!

FrancoisFrancois Lambert // Editor, Trailblazers

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