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REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 15 (Reuters) - U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. Those struggles follow the April bankruptcy filing by satellite launch firm Virgin Orbit, which was owned by billionaire Richard Branson. "The focus for investors in this space is very different than what it was a couple years ago. The financial headwinds faced by rocket startups have triggered pain elsewhere as well. It shifted much of its focus to government defense programs as its commercial customers face tight capital markets, CEO Laurienti said.
Persons: Mike Blake, Jeff Bezos, Richard Branson, Joe Laurienti, Caleb Henry, Chris Kemp, Will Marshall, Quilty's Henry, Laurienti, Joey Roulette, Ben Klayman, Matthew Lewis Organizations: REUTERS, Elon, SpaceX, Astra, Labs, Ursa, Reuters, Planet Labs, Thomson Locations: Long Beach , California, U.S, Denver, Washington
SpaceX Starship launch: Was it really a 'success?'
  + stars: | 2023-04-21 | by ( Jackie Wattles | ) edition.cnn.com   time to read: +7 min
CNN —After the first test launch of a SpaceX Starship rocket — the most powerful launch vehicle ever constructed — ended in an eruption of flames over the Gulf of Mexico on Thursday, the company sought to frame the mission as a success. Within the space industry, Thursday’s Starship test mission wasn’t considered an outright failure, Caleb Henry, director of research at the space research firm Quilty Analytics, said. The SpaceX Starship exploded after launch for a flight test on April 20, 2023. There isn’t just one Starship vehicle that’s spent years in the development pipeline. The SpaceX rocket that flew on Thursday “was really just a bare bones,” Reisman added.
Virgin Orbit started as a program of Richard Branson's Virgin Galactic in 2012, before being spun off into a separate company five years later. But Virgin Orbit was dogged by delays. "Virgin Orbit did not have an anchor customer." In late March, Virgin Orbit said it was laying off the majority of its workforce and ceasing operations "for the foreseeable future" after failing to secure a funding lifeline. Watch the video to find out more about what led to Virgin Orbit's collapse.
Investing in Space: Picture day
  + stars: | 2023-02-02 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Recently the spotlight turned to an increasingly lucrative sector of the space industry — satellite imagery — thanks to space-focused research and investment firm Quilty Analytics. The market for space pictures matured in the past decade, with expanded use in conflict hot spots, infrastructure and supply chains, to name a few. I chatted this week with Quilty's Director of Research Caleb Henry, who authored a report for the firm on "Very High Resolution" imagery. Satellite imagery "struggled to prove itself for years" as a sector in the space industry, Henry said.
It's long been a dream of satellite communications visionaries, but bulky, specialized and typically expensive satellite phones fell short of mass appeal. While SpaceX has launched more than 3,000 first generation satellites so far, adding a direct-to-phone service will require thousands more. Private venture Lynk Global likewise aims to provide a cell tower in space from satellites, with plans for a constellation of several thousand in a few years. And while some build out satellite networks, other major players are eyeing Earth-bound innovations, with systems dependent on a specialized antenna in phones. In partnership with Globalstar , the feature allows users to send compressed text messages from iPhone 14s via satellites.
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