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Orbital baguette (10/12/22)
Good morning. One year ago today, Payload sent out the first daily edition of this newsletter. Whether youāve been here since day 1 or youāre a new addition to the Payload fam, weāre grateful that you chose to come along for the ride.
In today's newsletter:š„ France funds spaceāļø Solestial seed raisešø The term sheet
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France Awards NewSpace Funding

Image: Bpifrance
Want to put a number on how seriously France is taking the future of its space sector?
If so, youāre in luck. As part of its ā¬54B ($52.5B) France 2030 Covid recovery package, the country earmarked 2.9% of fundsāor ā¬1.55B ($1.51B)āfor space initiatives.
Unpacking the news: During the first steering committee meeting for the space component of France 2030, the government announced a number of grants aimed at boosting the countryās newspace industry. Although exact grant numbers were not broken out, in the aggregate, this funding round awards ā¬65M+ ($63M+) to 15 projects.
What is France 2030?
France 2030 seeks to sustainably transform key national sectors through R&D and industrial investment. As far as space is concerned, France 2030 will provide funding for several different sectors through a number of open calls to industry. This initial announcement of awards was split into four categories:
microlaunchers
launchpad conversion
orbital tugs
new calls
Microlaunchers: France is funding a total of 12 projects from 11 companies. Some funds were set aside for specific projects, such as the development of a propulsion system, while other awards have a broader aim, such as developing an entire rocket.
The 11 companies receiving funding were:
OPUS Aerospace
Sirius Space Services
SpaceDreams
Nobrak
HyPrSpace (Fun side note: HyPrSpace got funding to develop its OB-1 launch vehicles. The āOBā in OB-1 stands for Orbital Baguette. Talk about proudly French!)
CMP Composites
The Exploration Company
Watt & Well
HALCYON
Latitude
Leanspace
Pad retrofits: The launchpad conversion funding was awarded to CNES. The French space agency will use the money to finish building a new commercial launch facility at the site of the Guiana Space Centreās old Diamant site.
The Diamant launch facility hosted the first orbital launch from the Guiana Space Centre in February 1967. It hosted its last launch in 1975. In December 2021, CNES announced that it would begin accepting applications from commercial operators of micro and mini-launchers to launch from the facility.
In August, CNES preselected Avio (Italy), HyImpulse (Germany), Isar Aerospace (Germany), MaiaSpace (France), PLD Space (Spain), Rocket Factory Augsburg (Germany), and Latitude (France) to launch from the facility. The first launch from the converted facility is expected to take place in 2024.
Tugs: Exotrail received the only space tug award. As part of the award, the company will launch an initial demo mission in 2024 to validate the ability of its spacevan orbital transfer vehicle to adjust a satelliteās altitude. A second mission will then be launched in 2025 that will carry the first institutional payload.
New calls: The final two elements of the announcement were a pair of new calls for tender proposals. The first, issued by CNES, seeks to promote the development of space data sources in the context of maritime surveillance. The second, issued by Bpifrance, a French public investment bank, seeks to support the development and industrialization of satellite constellations and their technologies.
What next? With a mere ā¬65M of 1.55B spent, this is just the start of what the French NewSpace industry can expect over the next eight years.
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Solestial Raises $10M Seed

Solestial, a startup spun out of Arizona State University aiming to be the go-to solar energy company for space, announced the close of a $10M seed round. The round was led by Airbus Ventures with participation from AEI HorizonX, GPVC, Stellar Ventures, and Industrious Ventures.
The Tempe, AZ-based startup takes a different tack on manufacturing solar panels for spaceā¦by building them more like terrestrial manufacturers.
āItās important to remember that [the] āindustry standardāāconventional āIII-Vā space solar technologyāwas designed for a different time, when launch was so expensive that every project was a billion dollars and payload cost was almost no object,ā Solestial CEO Stanislau Herasimenka told Payload via email.
āSolestial starts with silicon, like terrestrial manufacturers, so we can leverage the learning curve progress that has been made in that industry, but we upgrade the materials to survive the environmental rigors of space.ā
Wiping the damage away: The radiation environment of space would wreak havoc on solar panels that arenāt designed to withstand it. The type of silicon solar cells used on Earth would be quickly destroyed in space. Solestial uses a modified silicon material pressed into a very thin cellāonly 20 microns thick, as opposed to the ~160 micron cells used commercially on Earth.
āThe combination of these steps induce a self-curing behavior where radiation damage is annealed away when the cell is heated and exposed to sunlight,ā Herasimenka said.
Building the business: Herasimenka has three main priorities for the company now that itās raised its first round of funding:
Completing technical validation of its technology
Planning the transition to mass manufacturing
Converting over $100M in letters of intent to confirmed orders
Baked into these big-picture goals are loads of hiring and scaling. Solestial is looking to more than double its <20-person team over the next year, and itās currently hiring for about a dozen engineering positions.
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In Other News
Cosmic Girl touched down in Cornwall ahead of Virgin Orbitās ($VORB) first UK launch next month. The launcher has announced the full manifest for the mission, titled āStart Me Up.ā
DARTās impact shortened the asteroid Dimorphosā orbit around Didymos by 32 minutes, NASA Administrator Bill Nelson announced. A win for planetary defense!
Zero-G āobliteratedā its previous annual record for weightless flights in a modified Boeing 727. āWeāre talking about a triple-digit record here,ā Zero-G CEO Matt Gohd said in a press release.
Rocket Lab ($RKLB) created a $10,000 scholarship for women in STEM.
Separately, Rocket Lab announced that Electron has arrived in Virginia ahead of its first launch from Wallops.
Japanās Epsilon-6 rocket failed to reach orbit. After deviating from its intended flight path, engineers sent a self-destruct command. This is the first failure of the Epsilon line of rockets.
Vector Launch, a thought-to-be-dead rocket developer, is back? The company cryptically tweeted a photo of its Vector-R rocket, designed to take 50kg payloads to LEO, with the caption āFirst mission soon.ā
SpaceX announced Starshipās second private mission around the moon. Dennis Tito, the first person ever to pay for a flight to space, and his wife Akiko will take the trip, Arsā Eric Berger reports.
The Term Sheet
Benchmark Space Systems closed on its acquisition of Alameda Applied Sciences Coās metal plasma thruster system. Hereās more context on the deal, which Payload covered when it was announced in August.
Vyoma, a German space traffic management startup, extended its seed round. The latest financing was led by Happiness Capital and Atlantic Labs. (More on Vyoma here).
Neuraspace, another space traffic management startup based in Portugal, raised ā¬25M (~$24.3M).
Solestial raised a $10M seed led by Airbus Ventures (via Payload).
Delta took a 2% stake in air taxi developer Joby Aviation for $60M. Itās been a relatively quiet week for deal-making, so weāre bringing you some space-adjacent eVTOL news.
The View from Starbase

Starship 24 and Booster 7 fully stacked. Image: SpaceX
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