Venture Capital In Spaceflight
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Venture Capital In Spaceflight
Private spaceflight is spaceflight or the development of spaceflight technology that is conducted and paid for by an entity other than a government agency. In the early decades of the Space Age, the government space agencies of the Soviet Union and United States pioneered space technology in collaboration with affiliated design bureaus in the USSR and private companies in the US, entirely funding both the development of new spaceflight technologies and the operational costs of spaceflight. The European Space Agency was formed in 1975, largely following the same model of space technology development. However, Arianespace became the world's first commercial launch service provider in the early 1980s. Later on, large defense contractors began to develop and operate space launch systems, derived from government rockets. Private spaceflight in Earth orbit includes communications satellites, satellite television, satellite radio, astronaut transport and sub-orbital and orbital s ...
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New Product Development
In business and engineering, new product development (NPD) covers the complete process of bringing a new product (business), product to market, renewing an existing product or introducing a product in a new market. A central aspect of NPD is product design, along with various business considerations. New product development is described broadly as the transformation of a market opportunity into a product available for sale. The products developed by an organisation provide the means for it to generate income. For many technology-intensive firms their approach is based on exploiting technological innovation in a rapidly changing market. The product can be tangible (something physical which one can touch) or intangible (like a service or user experience, experience), though sometimes services and other processes are distinguished from "products". NPD requires an understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time, and qua ...
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Space Tourism
Space tourism is human space travel for recreational purposes. There are several different types of space tourism, including orbital, suborbital and lunar space tourism. During the period from 2001 to 2009, seven space tourists made eight space flights aboard a Russian Soyuz spacecraft to the International Space Station, brokered by Space Adventures in conjunction with Roscosmos and RSC Energia. The publicized price was in the range of US$20–25 million per trip. Some space tourists have signed contracts with third parties to conduct certain research activities while in orbit. By 2007, space tourism was thought to be one of the earliest markets that would emerge for commercial spaceflight. Russia halted orbital space tourism in 2010 due to the increase in the International Space Station crew size, using the seats for expedition crews that would previously have been sold to paying spaceflight participants. Orbital tourist flights were set to resume in 2015 but the planned ...
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Rocket
A rocket (from it, rocchetto, , bobbin/spool) is a vehicle that uses jet propulsion to accelerate without using the surrounding air. A rocket engine produces thrust by reaction to exhaust expelled at high speed. Rocket engines work entirely from propellant carried within the vehicle; therefore a rocket can fly in the vacuum of space. Rockets work more efficiently in a vacuum and incur a loss of thrust due to the opposing pressure of the atmosphere. Multistage rockets are capable of attaining escape velocity from Earth and therefore can achieve unlimited maximum altitude. Compared with airbreathing engines, rockets are lightweight and powerful and capable of generating large accelerations. To control their flight, rockets rely on momentum, airfoils, auxiliary reaction engines, gimballed thrust, momentum wheels, deflection of the exhaust stream, propellant flow, spin, or gravity. Rockets for military and recreational uses date back to at least 13th-century China. Signific ...
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Orbit
In celestial mechanics, an orbit is the curved trajectory of an object such as the trajectory of a planet around a star, or of a natural satellite around a planet, or of an artificial satellite around an object or position in space such as a planet, moon, asteroid, or Lagrange point. Normally, orbit refers to a regularly repeating trajectory, although it may also refer to a non-repeating trajectory. To a close approximation, planets and satellites follow elliptic orbits, with the center of mass being orbited at a focal point of the ellipse, as described by Kepler's laws of planetary motion. For most situations, orbital motion is adequately approximated by Newtonian mechanics, which explains gravity as a force obeying an inverse-square law. However, Albert Einstein's general theory of relativity, which accounts for gravity as due to curvature of spacetime, with orbits following geodesics, provides a more accurate calculation and understanding of the exact mechanics of orbi ...
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SpaceShipTwo
The Scaled Composites Model 339 SpaceShipTwo (SS2) is an air-launched suborbital spaceplane type designed for space tourism. It is manufactured by The Spaceship Company, a California-based company owned by Virgin Galactic. SpaceShipTwo is carried to its launch altitude by a Scaled Composites White Knight Two, before being released to fly on into the upper atmosphere powered by its rocket engine. It then glides back to Earth and performs a conventional runway landing. The spaceship was officially unveiled to the public on 7 December 2009 at the Mojave Air and Space Port in California. On 29 April 2013, after nearly three years of unpowered testing, the first one constructed successfully performed its first powered test flight. Virgin Galactic plans to operate a fleet of five SpaceShipTwo spaceplanes in a private passenger-carrying service and has been taking bookings for some time, with a suborbital flight carrying an updated ticket price of US$250,000. The spaceplane could a ...
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SpaceShipOne
SpaceShipOne is an experimental air-launched rocket-powered aircraft with sub-orbital spaceflight capability at speeds of up to 3,000 ft/s (900 m/s, 3240 km/h), using a hybrid rocket motor. The design features a unique "feathering" atmospheric reentry system where the rear half of the wing and the twin tail booms folds 70 degrees upward along a hinge running the length of the wing; this increases drag while retaining stability. SpaceShipOne completed the first crewed private spaceflight in 2004. That same year, it won the US$10 million Ansari X Prize and was immediately retired from active service. Its mother ship was named " White Knight". Both craft were developed and flown by Mojave Aerospace Ventures, which was a joint venture between Paul Allen and Scaled Composites, Burt Rutan's aviation company. Allen provided the funding of approximately US$25 million. Rutan has indicated that ideas about the project began as early as 1994 and the full-time development cycl ...
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Spaceplane
A spaceplane is a vehicle that can fly and glide like an aircraft in Earth's atmosphere and maneuver like a spacecraft in outer space. To do so, spaceplanes must incorporate features of both aircraft and spacecraft. Orbital spaceplanes tend to be more similar to conventional spacecraft, while sub-orbital spaceplanes tend to be more similar to fixed-wing aircraft. All spaceplanes to date have been rocket-powered but then landed as unpowered gliders. Four types of spaceplanes have successfully launched to orbit, reentered Earth's atmosphere, and landed: the U.S. Space Shuttle, Russian Buran, U.S. X-37, and the Chinese CSSHQ. Another, Dream Chaser, is under development in the U.S. As of 2019 all past, current, and planned orbital vehicles launch vertically on a separate rocket. Orbital spaceflight takes place at high velocities, with orbital kinetic energies typically at least 50 times greater than suborbital trajectories. Consequently, heavy heat shielding is required ...
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Suborbital
A sub-orbital spaceflight is a spaceflight in which the spacecraft reaches outer space, but its trajectory intersects the atmosphere or surface of the gravitating body from which it was launched, so that it will not complete one orbital revolution (it does not become an artificial satellite) or reach escape velocity. For example, the path of an object launched from Earth that reaches the Kármán line (at ) above sea level), and then falls back to Earth, is considered a sub-orbital spaceflight. Some sub-orbital flights have been undertaken to test spacecraft and launch vehicles later intended for orbital spaceflight. Other vehicles are specifically designed only for sub-orbital flight; examples include crewed vehicles, such as the X-15 and SpaceShipOne, and uncrewed ones, such as ICBMs and sounding rockets. Flights which attain sufficient velocity to go into low Earth orbit, and then de-orbit before completing their first full orbit, are not considered sub-orbital. Exam ...
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Supply (economics)
In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object. Supply is often plotted graphically as a supply curve, with the price per unit on the vertical axis and quantity supplied as a function of price on the horizontal axis. This reversal of the usual position of the dependent variable and the independent variable is an unfortunate but standard convention. The supply curve can be either for an individual seller or for the market as a whole, adding up the quantity supplied by all sellers. The quantity supplied is for a particular time period (e.g., the tons of steel a firm would supply in a year), but the units and time are often omitted in theoretical presentations. In the goods market, supply is the amount of a product per u ...
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Space Launch Market Competition
Space launch market competition is the manifestation of market forces in the launch service provider business. In particular it is the trend of competitive dynamics among payload transport capabilities at diverse prices having a greater influence on launch purchasing than the traditional political considerations of country of manufacture or the national entity using, regulating or licensing the launch service. Following the advent of spaceflight technology in the late 1950s, space launch services came into being, exclusively by national programs. Later in the 20th century commercial operators became significant customers of launch providers. International competition for the communications satellite payload subset of the launch market was increasingly influenced by commercial considerations. However, even during this period, for both commercial- and government-entity-launched commsats, the launch service providers for these payloads used launch vehicles built to government spe ...
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Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal, ...
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Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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