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	<title>NewSpace Journal &#187; General</title>
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	<link>http://www.newspacejournal.com</link>
	<description>Tracking the entrepreneurial space industry</description>
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		<title>Space Tourists: a second look</title>
		<link>http://www.newspacejournal.com/2010/06/25/space-tourists-a-second-look/</link>
		<comments>http://www.newspacejournal.com/2010/06/25/space-tourists-a-second-look/#comments</comments>
		<pubDate>Fri, 25 Jun 2010 11:09:39 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.newspacejournal.com/?p=1209</guid>
		<description><![CDATA[<p></p>
<p>Earlier this week I got to see the film Space Tourists during a screening as part of the AFI Silverdocs film festival in Silver Spring, Maryland.  This film has been out for some time but has been limited to the film festival circuit; it first appeared in the US at Sundance earlier this year and [...]]]></description>
			<content:encoded><![CDATA[<p><img alt="Space Tourists poster" src="http://www.thespacereview.com/archive/1551a.jpg" title="Space Tourists poster" class="aligncenter" width="300" height="420" /></p>
<p>Earlier this week I got to see the film <a href="http://www.space-tourists-film.com/en/home.php"><i>Space Tourists</i></a> during a screening as part of the AFI Silverdocs film festival in Silver Spring, Maryland.  This film has been out for some time but has been limited to the film festival circuit; it first appeared in the US at Sundance earlier this year and <a href="http://www.thespacereview.com/article/1551/1">Ryan Kobrick wrote a good review of the film for The Space Review</a>.</p>
<p>My own impressions of the film are mixed.  Part of the film is about the spaceflight experience, in particular the flight of Anousheh Ansari, but as much or more is about life in Kazkhastan, with imagery of abandoned apartment blocks and crumbling infrastructure.  The film follows a group of scavengers who travel out to where the first stages of the Soyuz rocket that launched Ansari fall back to Earth; they cut up the metal and sell it for scrap.  At times the film juxtaposes the two: we see the metal collectors immediately pull out of the rocket stage a small tank that looks like a cooking pot so they can use it exactly for that&#8212;a pot to cook their meals in over an open fire.  We then see Ansari and her crewmates on the ISS prepare their own prepackaged meals on the station.</p>
<p>Another portion of the film steps away from the ISS and Kazakhstan to look at the effort by one Romanian group, <a href="http://www.arcaspace.ro/">ARCA</a>, led by Dumitru Popescu, to develop their own vehicles.  ARCA competed in the Ansari X PRIZE and is a team in the Google Lunar X PRIZE; the film shows their efforts to loft a subscale rocket on a solar-heated balloon.  It&#8217;s an odd choice for a film supposedly about space tourism: this particular ARCA effort isn&#8217;t directly about space tourism, while a number of other ventures are focused on space tourism and arguably making faster progress than ARCA.</p>
<p>The film is neither blatantly pro- or anti-tourism.  In a brief Q&#038;A session after the screening, director Christian Frei said he was drawn to the topic after reading a short newspaper article about Daisuke Enomoto, who had planned to fly to the ISS on a Soyuz flight.  Enomoto was rejected for health reasons and Ansari, who had been training as his backup, took his place.  Ansari provided him with the footage she shot while on the station for his documentary without any conditions, he said.  That was a relief to hm, he said, since dealing with &#8220;billionaires&#8221;, as he put it, &#8220;was a challenge&#8221;.  (Ansari is not quite a billionaire.)</p>
<p>One comment by Frei struck me late in the Q&#038;A session. Asked about the inclusion of ARCA in the film, he said that he wanted to feature someone in the film who wants to go to space &#8220;with his own tools&#8221; instead of simply buying a ticket. &#8220;I love this guy and his dream of going and flying to the Moon as a Romanian,&#8221; he said.  &#8220;This is the most expensive thing that you can imagine.  And of course he won&#8217;t get there, but, you know, theoretically it would work.&#8221;  In some sense he&#8217;s right: it is unlikely that the small, undercapitalized ARCA team will be able to land a spacecraft on the Moon as required for the GLXP; after all, the team was never able to develop a suborbital rocket for the original X PRIZE competition.  But, unlike Frei, I&#8217;d be cautious about completely writing off ARCA or anyone else striving to turn a dream into reality.</p>
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		<title>A thrilling and terrifying time for NewSpace</title>
		<link>http://www.newspacejournal.com/2010/04/11/a-thrilling-and-terrifying-time-for-newspace/</link>
		<comments>http://www.newspacejournal.com/2010/04/11/a-thrilling-and-terrifying-time-for-newspace/#comments</comments>
		<pubDate>Sun, 11 Apr 2010 17:51:19 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[XCOR Aerospace]]></category>

		<guid isPermaLink="false">http://www.newspacejournal.com/?p=1160</guid>
		<description><![CDATA[<p class="wp-caption-text">Jeff Greason speaking at Space Access '10 on Friday</p>
<p>&#8220;In some ways, the most dangerous thing that can happen to true believers is to give them everything that they&#8217;re asking for and watch them fail.&#8221;  So said Jeff Greason, president of XCOR Aerospace, in his talk Friday at the Space Access &#8217;10 conference in Phoenix. [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_1161" class="wp-caption aligncenter" style="width: 410px"><img src="http://www.newspacejournal.com/wp-content/uploads/2010/04/sa10-greason.jpg" alt="Jeff Greason speaking at Space Access &#039;10 on Friday" title="sa10-greason" width="400" height="352" class="size-full wp-image-1161" /><p class="wp-caption-text">Jeff Greason speaking at Space Access '10 on Friday</p></div>
<p>&#8220;In some ways, the most dangerous thing that can happen to true believers is to give them everything that they&#8217;re asking for and watch them fail.&#8221;  So said Jeff Greason, president of XCOR Aerospace, in his talk Friday at the <a href="http://www.space-access.org/">Space Access &#8217;10</a> conference in Phoenix.  While supporters of NewSpace might argue that they haven&#8217;t gotten everything they&#8217;ve wanted yet, clearly there is more interest in, and scrutiny of, the commercial space industry in general and entrepreneurial space ventures in particular.  &#8220;I am both thrilled and terrified at the magnitude of the opportunity that is now facing our industry,&#8221; he said.</p>
<p>Greason, in a panel on key technologies the previous night at the conference, had expressed concerns about the decline of the American space industrial base, which he reiterated in his longer speech.  &#8220;The dinosaurs are dying off faster than we can evolve to fill their niches,&#8221; he said, referencing an old analogy that likens the old space industry to dinosaurs and NewSpace to mammals.</p>
<p>That is putting pressure on the industry to step up, something that he worries it might not be ready to handle.  &#8220;I&#8217;m not sure we&#8217;re ready to do all the things the United States government is depending on this industry to be able to do,&#8221; he said.  &#8220;That&#8217;s just too bad, because we&#8217;re going to have to do it anyway.&#8221;</p>
<p>That means, he said, that it&#8217;s time for the commercial space industry to mature.  &#8220;It is time to grow up,&#8221; he said, saying that it needs to adopt the characteristics of more mature industries: &#8220;They are much more interested in growing the pie than they are in fighting over the scraps.  They sell pieces to each other.  They do not tear each others&#8217; efforts down.&#8221;  That extends to not just NewSpace companies but also established companies like Boeing and Lockheed Martin.  &#8220;Like it or not, we are all now on the same team.&#8221;</p>
<p>Greason cited one example&#8212;without naming names&#8212;that demonstrated that NewSpace in particular wasn&#8217;t yet mature.  &#8220;In a rational universe, what would happen is, if you have a program that has a vehicle and no engine, and you have other companies that are building vehicles and have engines, you would go and buy engines, because you would then have a vehicle and could make money,&#8221; he said.  &#8220;For whatever reason that&#8217;s not happening.  I would be glad to sell people engines, but they don&#8217;t want to buy them.&#8221;</p>
<p>Greason said one could argue that if a vehicle developer bought an engine from another vehicle developer, each would be enabling a competitor, but both would be making money as a result, &#8220;so who cares?&#8221;  Greason said there will come a time when the industry will reach a tipping point and shift from vertical integration to horizontal integration.  &#8220;That&#8217;s part of how we&#8217;ll know we&#8217;ve crossed an irrevocable threshold as an industry,&#8221; he said.  &#8220;We&#8217;re not there yet.&#8221;</p>
<p>&#8220;So it&#8217;s a hard road, it&#8217;s a long road, but we&#8217;re getting there, and the size of the opportunity that we&#8217;re faced with is terrifying and wonderful,&#8221; he said.  However, he also said that might be the last chance for the commercial space industry in the US to demonstrate its capabilities. &#8220;If we blow it this time, I don&#8217;t know that we&#8217;re going to get another chance, because I&#8217;m not sure there&#8217;s going to be a United States space industry for us to work for.&#8221;</p>
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		<title>Is &#8220;space tour guide&#8221; in your professional future?</title>
		<link>http://www.newspacejournal.com/2010/01/17/is-space-tour-guide-in-your-professional-future/</link>
		<comments>http://www.newspacejournal.com/2010/01/17/is-space-tour-guide-in-your-professional-future/#comments</comments>
		<pubDate>Sun, 17 Jan 2010 20:22:17 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.newspacejournal.com/?p=1103</guid>
		<description><![CDATA[<p>Last week the British consultancy Fast Future released a government-commission report titled &#8220;The shape of jobs to come&#8221;.  The purpose of the report was to identify potential new careers enabled by advances in science and technology.  The report featured 20 such future careers (summarized in a separate fact sheet), ranging from &#8220;memory augmentation surgeon&#8221; [...]]]></description>
			<content:encoded><![CDATA[<p>Last week the British consultancy Fast Future released a government-commission report titled <a href="http://fastfuture.com/wp-content/uploads/2010/01/FastFuture_Shapeofjobstocome_FullReport1.pdf">&#8220;The shape of jobs to come&#8221;</a>.  The purpose of the report was to identify potential new careers enabled by advances in science and technology.  The report featured 20 such future careers (summarized in <a href="http://fastfuture.com/wp-content/uploads/2010/01/future_jobs_sheet.pdf">a separate fact sheet</a>), ranging from &#8220;memory augmentation surgeon&#8221; to &#8220;weather modification police&#8221;.  Included in that list is &#8220;space pilots, tour guides, and architects&#8221;:</p>
<blockquote><p>
With companies already promising space tourism, we will need space pilots and tour guides, as well as architects to design where they will live and work. Current projects at SICSA (University of Houston) include a greenhouse on Mars, lunar outposts and space exploration vehicles.
</p></blockquote>
<p>&#8220;Space pilot&#8221; is pretty easy to understand, as is &#8220;space architect&#8221;, even if that might seem a little too forward leaning.  But what exactly would a &#8220;space tour guide&#8221; do?  Here&#8217;s how the report explains it:</p>
<blockquote><p>
Space tour guides will draw on cosmology, astronomy, space science, geography, history and geology to help passengers get the most out of their journey. While the factual side of the tour is important, space guides also need to be excellent storytellers and imaginers to help inspire their charges and encourage them to experience the true awe of space travel. Regular tour guides will need to undergo a similar level of physical and mental preparation and testing as pilots before each trip.
</p></blockquote>
<p>That seems a little much, at least for suborbital flights when customers will only be spending minutes in space and weightlessness.  However, there may be the need for the equivalent of flight attendants to guide customers, particularly on flights where people are able to float around the cabin during weightless portion of their flights.  (Interestingly, the animations of Virgin Galactic&#8217;s SpaceShipTwo flight experiment don&#8217;t include this, although ZERO-G does have flight attendants for their parabolic airplane flights.)  Once there are regular orbital tourist flights and facilities to host customers in orbit, then we may see the need for such guides, although as much for safety reasons as for enhancing the tourist experience.</p>
<p>One other interesting aspect of the study is that the job category is the space jobs category is relatively interesting to the public.  Asked to name their three most popular job categories in a poll, 19% of UK respondents and 24% of Europeans picked the category, good enough for fifth-highest among Europeans.  The job category also ranked in the top five among both Britons and Europeans in terms of having the greatest impact on innovation and economic growth, as well as being the best paid (presumably the former justifying the latter).  Finally, the category ranked first among &#8220;most aspirational&#8221; jobs; the report didn&#8217;t explicitly define what it meant to be &#8220;aspirational&#8221;.</p>
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		<title>Space tourism as &#8220;the final undiscovered frontier&#8221;?</title>
		<link>http://www.newspacejournal.com/2009/12/16/space-tourism-as-the-final-undiscovered-frontier/</link>
		<comments>http://www.newspacejournal.com/2009/12/16/space-tourism-as-the-final-undiscovered-frontier/#comments</comments>
		<pubDate>Wed, 16 Dec 2009 11:23:35 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Suborbital]]></category>

		<guid isPermaLink="false">http://www.newspacejournal.com/?p=1059</guid>
		<description><![CDATA[<p>A survey released yesterday by World Travel Market, a UK-based travel industry event organization, offers a somewhat pessimistic take on the space tourism market.  The study, based on a poll of 1,030 Britons who took a summer vacation in 2009, found that only 27% said they would be interested in traveling into space; 50% said [...]]]></description>
			<content:encoded><![CDATA[<p>A survey released yesterday by World Travel Market, a UK-based travel industry event organization, <a href="http://www.wtmlondon.com/page.cfm/T=m/Action=Press/PressID=930">offers a somewhat pessimistic take on the space tourism market</a>.  The study, based on a poll of 1,030 Britons who took a summer vacation in 2009, found that only 27% said they would be interested in traveling into space; 50% said they were not and 23% said they might be interested.  In addition, 74% said &#8220;they feared space travel would remain too expensive and exclusively for the super rich&#8221;, and only 4% thought it would became an &#8220;affordable mass-market travel product&#8221; within 30 years.</p>
<p>The numbers at first glance don&#8217;t sound promising: the press release leads off  by claiming that &#8220;price concerns are turning holidaymakers off from becoming space tourists&#8221;.  However, the numbers aren&#8217;t that surprising.  First of all, the poll doesn&#8217;t appear to have limited their polling to people with the means to pay for a spaceflight at currently-planned prices.  Second, the numbers aren&#8217;t that different from previous polls that did put such limits on respondents: for example, the <a href="http://www.futron.com/pdf/resource_center/white_papers/SpaceTourismMarketStudy.pdf">2002 Futron/Zogby poll</a> found that 19% of people with the means to pay for a space tourism flight were either &#8220;definitely&#8221; or &#8220;very&#8221; likely to take a suborbital spaceflight (a number that rose to 28% when given a more rosy description of such a flight).  Even that more pessimistic number resulted in a forecast of thousands of potential tourists a year after just a few years of operation.</p>
<p>&#8220;It’s disappointing holidaymakers fear they will be priced out of becoming space tourists,&#8221; Fiona Jeffery, chairman of World Travel Market, said in the release. &#8220;However, I&#8217;m confident the price will drop dramatically the more space tourism takes off.&#8221;  Even if there isn&#8217;t a dramatic drop in prices, though, there&#8217;s still a potentially lucrative market to be tapped.</p>
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		<title>Welcome to the NewSpace Journal</title>
		<link>http://www.newspacejournal.com/2009/12/07/welcome-to-the-newspace-journal/</link>
		<comments>http://www.newspacejournal.com/2009/12/07/welcome-to-the-newspace-journal/#comments</comments>
		<pubDate>Mon, 07 Dec 2009 16:30:35 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.newspacejournal.com/?p=1024</guid>
		<description><![CDATA[<p>As you&#8217;ve noticed, Personal Spaceflight has undergone a dramatic redesign, including a new name.  The new design was long overdue &#8211; the site has been using the same design since its inception in 2006 &#8211; but the focus of the site is changing slightly.  Back in 2006 NewSpace was almost synonymous with space tourism [...]]]></description>
			<content:encoded><![CDATA[<p>As you&#8217;ve noticed, Personal Spaceflight has undergone a dramatic redesign, including a new name.  The new design was long overdue &#8211; the site has been using the same design since its inception in 2006 &#8211; but the focus of the site is changing slightly.  Back in 2006 NewSpace was almost synonymous with space tourism (or personal spaceflight), and that&#8217;s where the bulk of the attention was focused.  Today space tourism is still important, but other entrepreneurial efforts, and new markets, are emerging, from smallsat launches to orbital spaceflight to serve the ISS and more.</p>
<p>It&#8217;s a bit ironic that the site is relaunching today, given that today&#8217;s the day Virgin Galactic is unveiling SpaceShipTwo in Mojave.  (I&#8217;ll be there, and reporting on it here over the next day.)  Virgin Galactic has been closely tied to space tourism, but <a href="http://www.thespacereview.com/article/1304/1">even they have recognized the emergence of other markets</a> besides space tourism.  Moreover, that <a href="http://www.thespacereview.com/article/1525/1">suborbital research market is gaining momentum</a>, as I report in today&#8217;s issue of The Space Review.  So this is a major milestone, but also part of an interesting time for the entrepreneurial NewSpace field.</p>
<p>If you have any questions or comments about the new design or content, please email me at jeff [at] thespacereview.com, or leave a comment here.  I&#8217;ll be tweaking the site over the coming days and weeks based on this feedback and more.</p>
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		<title>Weightless wedding</title>
		<link>http://www.newspacejournal.com/2009/06/02/weightless-wedding/</link>
		<comments>http://www.newspacejournal.com/2009/06/02/weightless-wedding/#comments</comments>
		<pubDate>Tue, 02 Jun 2009 17:20:58 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[People]]></category>

		<guid isPermaLink="false">http://www.personalspaceflight.info/?p=924</guid>
		<description><![CDATA[<p>While there&#8217;s been talk for years about the first wedding or honeymoon in space using suborbital vehicles from Virgin Galactic or Rocketplane Global, one couple is going for a related first: the first wedding in zero-g. Noah Fulmor and Erin Finnegan are planning to hold a press conference this evening in New York to discuss their [...]]]></description>
			<content:encoded><![CDATA[<p>While there&#8217;s been talk for years about <a href="http://www.personalspaceflight.info/2006/07/19/getting-hitched-in-space/">the first wedding or honeymoon in space</a> using suborbital vehicles from Virgin Galactic or Rocketplane Global, one couple is going for a related first: the first wedding in zero-g. Noah Fulmor and Erin Finnegan are planning to hold a press conference this evening in New York to discuss their plans to get married on June 20th while in weightlessness, although not in space: they&#8217;ll be on a ZERO-G Corporation aircraft. &#8220;For this very special day, the bride will be wearing a zero-gravity wedding dress designed by Eri Matsui, a Japanese haute couture designer,&#8221; according to the media alert emailed earlier today. &#8220;The groom will be fitted with a specially-designed tuxedo courtesy of J. Lucas Clothiers, with tails crafted specially to take advantage of zero gravity conditions.&#8221; No pictures yet of the unique clothing, although presumably the wedding gown will be similar to <a href="http://www.nytimes.com/2006/05/16/science/16find.html?_r=2&#038;oref=slogin">what Matsui unveiled a few years ago</a>.</p>
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		<title>Florida&#8217;s inspector general finds problems with Project Odyssey</title>
		<link>http://www.newspacejournal.com/2009/04/11/floridas-inspector-general-finds-problems-with-project-odyssey/</link>
		<comments>http://www.newspacejournal.com/2009/04/11/floridas-inspector-general-finds-problems-with-project-odyssey/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 12:26:57 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[People]]></category>

		<guid isPermaLink="false">http://www.personalspaceflight.info/?p=869</guid>
		<description><![CDATA[<p>Back in January the Orlando Sentinel reported that the Florida governor&#8217;s office was directing an investigation of Project Odyssey, a space tourism training program in Pensacola funded with state money that was announced in December, after it appeared that the project&#8217;s director was heavily involved in its formation and funding while a state employee.  Now [...]]]></description>
			<content:encoded><![CDATA[<p>Back in January the <i>Orlando Sentinel</i> reported that <a href="http://www.personalspaceflight.info/2009/01/24/controversy-for-new-space-tourism-training-program/">the Florida governor&#8217;s office was directing an investigation of Project Odyssey</a>, a space tourism training program in Pensacola funded with state money that was announced in December, after it appeared that the project&#8217;s director was heavily involved in its formation and funding while a state employee.  Now that initial investigation is done, and the news isn&#8217;t good for Project Odyssey or its director, Brice Harris.</p>
<p>As the <i>Sentinel</i> reports today, <a href="http://www.orlandosentinel.com/news/local/orl-asecspacefla11041109apr11,0,6046656.story">the state&#8217;s inspector general has found that Harris &#8220;likely violated&#8221; state law</a> by helping arrange $500,000 in state grants for the project and then going to work for the Andrews Institute, the Pensacola medical center where Project Odyssey is located.  During a review of 5,000 emails by the office, &#8220;it appeared the Project Odyssey consumed most of Harris&#8217; e-mail communications and work time while he was employed with OTTED,&#8221; <a href="http://blogs.orlandosentinel.com/files/report-of-inquiry---cig-case-200901220004.pdf">the inspector general&#8217;s report</a> states, referring the Office of Trade, Tourism and Economic Development, where Harris worked prior to joining the Andrews Institute. OTTED provided half of the $500,000 for Project Odyssey, with Space Florida contributing the other half. &#8220;The emails indicate that Harris&#8217; involvement in Project Odyssey was disproportionate to his time expended on his various other OTTED related duties.&#8221;</p>
<p>The inspector general&#8217;s report recommended that the case be referred to the state&#8217;s ethics commission &#8220;for further evaluation and determination of ethics law violations.&#8221;  The entire project is now in jeopardy, regardless of any technical or economic merits it may have, because of this controversy. &#8220;There&#8217;s no reason to be spending state dollars to subsidize rich people who will be flying on future flights into space,&#8221; Barney Bishop, a member of the Space Coast&#8217;s Economic Development Commission, tells the <i>Sentinel</i>.  &#8220;I would hope they&#8217;re going to cancel this contract, because it makes no sense on the face of it, and now there are questions about how it was set up in the first place.&#8221;</p>
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		<title>The wide world of space tourism</title>
		<link>http://www.newspacejournal.com/2009/01/30/the-wide-world-of-space-tourism-2/</link>
		<comments>http://www.newspacejournal.com/2009/01/30/the-wide-world-of-space-tourism-2/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 11:17:51 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Space Adventures]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Virgin Galactic]]></category>

		<guid isPermaLink="false">http://www.personalspaceflight.info/?p=779</guid>
		<description><![CDATA[<p>A roundup of space tourism news from across the globe:</p>
<p>Our first stop is Davos, Switzerland, where Space Adventures&#8217; Eric Anderson says &#8220;business is good&#8221; for the space tourism company.  Anderson, attending the World Economic Forum, said he&#8217;s looking for additional customers, but potential clients &#8220;should not expect any bargains because of the global financial turmoil.&#8221;</p>
<p>While [...]]]></description>
			<content:encoded><![CDATA[<p>A roundup of space tourism news from across the globe:</p>
<p>Our first stop is Davos, Switzerland, where <a href="http://www.reuters.com/article/scienceNews/idUSTRE50R48420090128">Space Adventures&#8217; Eric Anderson says &#8220;business is good&#8221;</a> for the space tourism company.  Anderson, attending the World Economic Forum, said he&#8217;s looking for additional customers, but potential clients &#8220;should not expect any bargains because of the global financial turmoil.&#8221;</p>
<p>While we&#8217;re in Europe, check out <a href="http://www.flightglobal.com/articles/2009/01/28/321749/europe-aims-for-2015-spaceshiptwo-competitor.html">a <i>Flight International</i> report on new European vehicle studies</a> funded by the EU&#8217;s Future High-Altitude High-Speed Transport (FAST) 20XX program, to the tune of nearly $10 million.  The effort is looking at two concepts: a relatively near-term (circa 2015) suborbital vehicle and a long-term hypersonic point-to-point transport. (How long term? Try 2075.)  The funding is only for early-stage technology studies; where the money would come from for further development, even of the suborbital vehicle, is unclear.</p>
<p>The prospects for space tourism in China is <a href="http://www.atimes.com/atimes/China/KA29Ad01.html">examined in an <i>Asia Times</i> article</a> this week.  Industry officials agree that there&#8217;s tremendous potential in the Chinese market given its size, but for US companies export control restrictions would make it difficult to do business there.  Also, the lack of a commercial space regulatory framework in China would hinder any effort for a domestic space tourism industry to develop.</p>
<p>There is, though, interest in space tourism in Mexico.  The English-language <i>Guadalajara Reporter</i> said that <a href="http://guadalajarareporter.com/content/view/23719/95/">an anonymous local businessman has signed up to fly with Virgin Galactic</a>, becoming the first person from Mexico&#8217;s second-largest city to reserve a flight to space.  Viajes Capistrano, the tourist agency who is one of five in the country that sells Virgin Galactic trips, is planning to make a bigger push for clients in the city in coming weeks.</p>
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		<title>NewSpace and the financial crisis</title>
		<link>http://www.newspacejournal.com/2008/10/11/newspace-and-the-financial-crisis/</link>
		<comments>http://www.newspacejournal.com/2008/10/11/newspace-and-the-financial-crisis/#comments</comments>
		<pubDate>Sat, 11 Oct 2008 17:28:08 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.personalspaceflight.info/?p=701</guid>
		<description><![CDATA[<p>It has been impossible in recent days to avoid the news about the current financial crisis gripping markets in the US and around the world, from bank failures to government bailouts to stock market plunges.  Some have called this the worst financial crisis since the Great Depression or even &#8220;the end of American capitalism&#8221;. That [...]]]></description>
			<content:encoded><![CDATA[<p>It has been impossible in recent days to avoid the news about the current financial crisis gripping markets in the US and around the world, from bank failures to government bailouts to stock market plunges.  Some have called this the worst financial crisis since the Great Depression or even <a href="http://www.washingtonpost.com/wp-dyn/content/article/2008/10/09/AR2008100903425.html?hpid=topnews">&#8220;the end of American capitalism&#8221;</a>. That may just be hyperbole&#8212;a near-term overreaction to the crisis&#8212;but it is clear that the economic situation is going to be rough for at least the next several months, if not longer.</p>
<p>So what does this mean for NewSpace?  With credit tightening and portfolios taking a beating, it seems unlikely that personal spaceflight and other entrepreneurial space sectors will be able to completely escape the current financial turmoil.  A quick examination suggests that companies are going to feel it in two ways, involving a somewhat overlapping group of people.</p>
<p><strong>Investors:</strong> Earlier this week one of Silicon Valley&#8217;s leading VC firms, Sequoia, <a href="http://gigaom.com/2008/10/09/what-startups-can-learn-from-sequoias-doomsday-warning/">sounded the alarm about the current situation</a> in a meeting with the CEOs of its portfolio companies. Sequoia&#8217;s message: if you&#8217;re not cash-flow positive, you need to get there as soon as possible if you want to have any hope of raising additional funding for the foreseeable future. Getting there may require some drastic cutbacks, but acting now, and quickly, is better than delaying and finding themselves in a &#8220;death spiral&#8221; where no cutbacks can save the company.</p>
<p>Given that NewSpace companies have, to date, had very limited luck in raising rounds of funding from VCs, this suggests that raising money will be all the more difficult in the near future, especially for those companies developing vehicles or other hardware that require years of work before reaching positive cash flow. Getting money from angel investors, more frequently used by NewSpace companies, may also be more difficult, as these investors, like so many others, have suffered big losses in their investment portfolios in the last several weeks. This could even affect so-called &#8220;mega-angels&#8221; who put very large sums into ventures, including their own. According to <i>Forbes</i> magazine, <a href="http://www.latimes.com/business/la-fi-forbes10-2008oct10,0,7014536.story">Jeff Bezos lost over $1 billion in September</a> as stock market declines devalued his holdings. It&#8217;s too soon to say whether this will affect Bezos&#8217;s investment in his Blue Origin suborbital vehicle venture, but you could sure do a lot in space with $1.1 billion&#8230;</p>
<p><strong>Customers:</strong> During Monday&#8217;s press conference by Space Adventures to discuss Charles Simonyi&#8217;s return trip to the ISS next year, the first question posed to him, from the <i>New York Times</i>, went like this: &#8220;Are you the last guy in America with money? Has anything happened in  the past, say, two weeks to your assets that makes you think you might want to hold on to cash?&#8221;  Simonyi responded that &#8220;the timing worked out the way it worked out&#8221; and that &#8220;either we do it now or we don&#8217;t do it&#8221;.</p>
<p>While Simonyi may still be forging ahead, it&#8217;s possible others considering purchasing tickets, a group that includes some angel investors, may have second thoughts now, especially if they&#8217;ve lost a significant fraction of their wealth in the stock market&#8217;s recent fall. In a healthy economy, spending $200,000 on a suborbital spaceflight might seem like money well spent to realize a dream of going into space; in today&#8217;s uncertain economy, the same trip might seem like an unnecessary extravagance. That mindset could be damaging for some space tourism ventures, especially if the downtown lasts for an extended period or if the recovery is slow.</p>
<p>This situation is certainly not catastrophic for NewSpace in general, particularly for those firms that are well-funded, have good balance sheets, and/or can diversify beyond personal spaceflight: think SpaceX, Virgin Galactic, and perhaps a few others. However, for other companies, especially those who need to raise significant funds to develop vehicles that will be years away from entering revenue service, it&#8217;s going to be much more difficult to make those plans become reality in the near future.</p>
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		<title>X Prize plus four years</title>
		<link>http://www.newspacejournal.com/2008/10/04/x-prize-plus-four-years/</link>
		<comments>http://www.newspacejournal.com/2008/10/04/x-prize-plus-four-years/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 22:49:56 +0000</pubDate>
		<dc:creator>Jeff Foust</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Scaled Composites]]></category>
		<category><![CDATA[SpaceX]]></category>
		<category><![CDATA[X Prize Foundation]]></category>

		<guid isPermaLink="false">http://www.personalspaceflight.info/?p=697</guid>
		<description><![CDATA[<p>Saturday is, of course, the 51st anniversary of the launch of Sputnik, the canonical beginning of the Space Age. It&#8217;s also the fourth anniversary of the winning of the $10-million Ansari X Prize by Mojave Aerospace Ventures, the Paul Allen-funded effort by Scaled Composites that resulted in SpaceShipOne and White Knight. This has been a relatively [...]]]></description>
			<content:encoded><![CDATA[<p>Saturday is, of course, the 51st anniversary of the launch of Sputnik, the canonical beginning of the Space Age. It&#8217;s also the fourth anniversary of the winning of the $10-million <a href="http://space.xprize.org/ansari-x-prize">Ansari X Prize</a> by Mojave Aerospace Ventures, the Paul Allen-funded effort by Scaled Composites that resulted in SpaceShipOne and White Knight. This has been a relatively low-key anniversary for both; for the former because last year was the milestone 50th anniversary, and for the latter&#8230; well, it&#8217;s tough to get excited by the fourth anniversary of most anything. Case in point: there&#8217;s no callout of the anniversary on the X Prize Foundation web site, and when I drilled down into the section on the Ansari X Prize to <a href="http://space.xprize.org/ansari-x-prize/video-archive">this video</a>, I got the error message &#8220;We&#8217;re sorry, this video is no longer available.&#8221;</p>
<p>One reason this anniversary has slipped by is there there has been little activity in the suborbital spaceflight arena of the same high profile in the four years since SpaceShipOne&#8217;s prize-winning flight. In fact, there have been no FAA-licensed piloted suborbital spaceflights in the last four years; there have been a number of low-level test flights since then, but these have been remotely piloted and under experimental permits. That&#8217;s not to say that there hasn&#8217;t been progress, just not at the scale, or the rate, that we might have anticipated on that glorious morning four years ago.</p>
<p>As I noted in <a href="http://www.thespacereview.com/article/1222/1">an article at the beginning of this week in The Space Review</a>, Sunday night&#8217;s successful launch of the Falcon 1 might be the biggest milestone for the NewSpace industry, or at least the portion of it focused on space transportation, since SpaceShipOne&#8217;s final flight. Just as SpaceShipOne&#8217;s flights demonstrated that a private venture could develop a piloted vehicle capable of flying into space (albeit suborbitally) for a fraction of the cost of what a large aerospace company or government agency would have spent, the Falcon 1 launch demonstrated what entrepreneurial space companies can do in the realm of orbital space flight. As with SpaceShipOne, though, the issue will be how well both SpaceX and the rest of the industry can follow up on that initial success, so that future anniversaries have greater relevance.</p>
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