Space Business: Failure to Launch

Dear readers, Welcome to Quartz’s newsletter on the economic possibilities of the extraterrestrial sphere. Please forward widely, and let me know what you think. This week : How to exit a launch vehicle company, SpaceX heads back to the ISS, and Europe’s new mega constellation. � � � The next new small launch vehicle is stepping up to the pad: Relativity Space says it has a license to debut its Terran 1 rocket at Cape Canaveral on March 8. If Relativity, built on the back of novel 3D printing tech, puts its first rocket in orbit, it will be an outlier after a difficult year for launch vehicle start-ups. In January, ABL Space Systems’ rocket got 700 ft off the ground before it fell back down and exploded, while Virgin Orbit (NASDAQ:VORB) saw a launch attempt fail during the same month that cast the company’s financial future in doubt . In October, Firefly managed to get its rocket into orbit, but one that was too low , so the satellites it launched quickly fell back to Earth. After a series of failures in 2022, Astra (NASDAQ: ASTR) has had to pivot to a new vehicle design. Indeed, of the […]

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