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Stranded no more? (1/18/23)

Good morning and happy Wednesday, Payload nation. Quick reminder that we'll be talking about the outlook for investors in 2023 with some top VCs later today. Read on for details on how to sign up.

In today's newsletter:🔧 Trading space hardware?🗣️ What you’re hyped about💸 The term sheet

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Roscosmos and Arianespace Consider a Deal

A Soyuz topped with OneWeb satellite is taken down from the pad on March 4, 2022. Image: Roscosmos

Roscosmos and Arianespace are in talks to swap a batch of OneWeb satellites for several Soyuz components that have each been stranded in each other’s territory since February of last year, RussianSpaceWeb reports.

The road to today: When Russia invaded Ukraine in Feb. 2022, collaboration between Russia and Europe came to an almost immediate halt. With the ISS as a notable exception, ESA and Roscosmos pulled the plug on all commercial arrangements and forward-looking space programs.

Prior to the invasion, OneWeb was launching its constellation with Soyuz rockets. The operator had already shipped a batch of 36 satellites to Kazakhstan for integration onto a Soyuz rocket scheduled to launch March 5, 2022. Roscosmos had also been preparing boosters at a facility in French Guiana.

OneWeb’s 36 satellites were stranded in Baikonur, Kazakhstan. Meanwhile, RussianSpaceWeb reports, in its rush to decamp from French Guiana, Roscosmos left “rocket stages, containers with propellant, support hardware, and documentation” at the European spaceport. Arianespace has retained custody of that equipment.

Former Roscosmos head Dmitry Rogozin originally ordered that the OneWeb satellites stay put in Baikonur. Current agency head Yuri Borisoz has apparently been more open to negotiations concerning their repatriation.

Keep the trains running: Since losing access to launch on Soyuz, OneWeb has partnered with LEO broadband frenemy SpaceX and the commercial arm of ISRO to finish deploying its V1 constellation. Still, the short lifespan of satellites in LEO translates to a short, capital-intensive replenishment cycle, not to mention keeping replacements and spares on deck.

So far, OneWeb has launched 544 satellites. Its complete constellation will consist of 588 operational birds (648 including ground and on-orbit spares).

OneWeb is already tight on funds, having gone through bankruptcy, a bail out, and now, a possible business merger with Eutelsat. Losing access to 36 satellites in Kazakhstan rather than lofting them to orbit didn’t help.

A possible complication? As Eric Berger wrote in his Rocket Report newsletter, the logistics of sending Soyuz hardware home are…complicated:

  • “Dozens of Russian specialists from the sanctioned RKTs Progress would have to obtain necessary visas and find a route to travel to French Guiana to support the preparation and loading of the Russian hardware on cargo ships for an 8,000-kilometer journey from the port of Cayenne to St. Petersburg.”

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What You’re Most Hyped for in the 2020s

Last Friday, we ran a poll asking which spaceflight story would be the most important for the rest of the 2020s. We took inspiration from Eric Berger's list and offered our own choices, with the option for you to write in an answer.

Here’s how you voted:

In-space manufacturing narrowly edged out Moon and Mars exploration with 27.9% of the vote. But...Rob Meyerson, Delalune Space founder and former president of Blue Origin, wrote in with quite the convincing case for Moon and Mars exploration:

“We’re going back to the Moon and, this time, NASA is doing it with a range of commercial partners. The next logical step is the private development of lunar infrastructure to extract resources, house tourists, conduct science, and do other things to build the in-space economy.”

As for the write-ins:

  • “Discovery of biosignatures of aliens in some far off solar system”

  • “Exomedicine”

  • “Definitely the cute astronaut Snoopy.”

Sponsored

Register For Today's Space Economy Webinar

Payload January 18 space economy webinar

What lies ahead for 2023? How will the ongoing economic uncertainty affect fundraising? What are the key trends that will shape the space industry this year? Hear panelists from a16z, Lux, and Prime Movers Lab address these issues in a one-hour discussion of 2023 and how space startups can navigate the year ahead.

In Other News

  • Canopée, ArianeGroup’s new sailing cargo ship, completed its maiden voyage across the Atlantic.

  • China plans to launch 70+ times in 2023 between government and commercial launchers.

  • Space Florida says 15 companies created ~6,000 jobs in the state last year, and that 150+ aerospace-related projects are underway in the state.

  • Anuvu rolled out a Starlink reselling service for maritime customers.

  • Rep. George Santos (R-NY), a recently elected representative who is facing pressure for making up stories about his past, was placed on the House Science, Space, and Technology committee, Politico reports.

  • Alabama’s tourism board will soon sunset a Saturn 1B that towers above a rest stop. The rocket has stood there for 44 years, but wear and tear has taken its toll.

The Term Sheet

  • The EIB, the EU’s investment arm, lent SES €300M (~$323M) to finance a trio of broadcasting satellites. (Via Payload.)

  • World View announced plans to conduct a reverse merger with Leo Holdings Corp. II, a SPAC traded on the New York Stock exchange. The transaction could provide up to $121M in gross proceeds for the combined entity (assuming no redemptions).

  • SpiderOak closed a $16.4M Series C round led by Empyrean Technology Solutions. The company is developing zero-trust cybersecurity for next-gen space systems.

  • Stell raised a $3.1M pre-seed led by Wischoff Ventures and Third Prime VC (via Payload.)

  • CesiumAstro acquired TXMission, a UK-based smallsat communications company, for an unspecified amount.

  • GapSat acquired QBX Limited, a satellite solutions and consulting firm.

The View from New Orleans

Image: Miss Universe

During the galactic pageant last week, Miss USA R'Bonney Gabriel was ultimately crowned the 71st Miss Universe Saturday. One of her outfits was a 30-pound, Moon-themed costume. That’s the kind of energy we need this decade for lunar exploration.

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