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- Arcadia (8/10/22)
Arcadia (8/10/22)
Good morning, and happy Hump Day. Here's to a hopefully less busy hump day next week.
In today's newsletter:đ°ď¸ Meet Acadia đ Student telescopes đ¸ The term sheet
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Capella Lifts the Wraps on Acadia

Image: Capella Space
San Francisco-based Capella Space has announced Acadia, its next generation of synthetic aperture radar (SAR) satellites. Capellaâs SAR satellites can see through clouds and provide all-weather, 24/7 imaging. The startup primarily serves defense and intelligence customers.
Backstory: Capella launched Denali, a backpack-sized SAR satellite, in late 2018. Next came the 100-kg. Sequoia in Aug. 2020. More recently, Capella launched the Whitney subconstellation, consisting of satellites that are ~2x Denaliâs size. Acadia is set to start launching in 2023.
The generation after Acadia is named Bryce, Capella CEO Payam Banazadeh told Payload, but the startup isnât ready to share any details. Curious about the naming conventions? We were too. Capella uses national parks as sources of inspiration for constellation names, Banazadeh said.
Now, on to Acadiaâs specsâŚ
Better resolution + bandwidth: Acadia will boost radar bandwidth (500 MHz â 700 MHz), while also boosting resolution (slant range res @ 0.214m; ground range res @ 0.31m for standard look angles).
Higher quality: The company is augmenting power by 40+% in its new fleet. Paired with the bandwidth boosts, Acadia will enable Capellaâs customers to tap into more granular SAR imagery and see more details from space.
Speed: Capella has two nifty tricks up its sleeve here:
Its satellites already communicate overhead with Inmarsat GEO satellites to enable more rapid tasking of its equipment, rather than having to wait on ground stations to uplink new orders. Acadia will have upgraded antennas for speedier comms.
Acadia will also operate with optical inter-satellite links (OISL), which should significantly cut latency across the board.
Put it all together: âWe're already the best on resolution and quality,â Banazadeh said. âWe've found that putting all of our chips on those three variables: resolution, quality, and timeliness...is really the right bet.â
Capella designs, builds, tests, integrates, and operates its key components (like the radars). The startup clearly adheres to agile development doctrine and operates on 12â18 month development cycles for big component and satellite upgrades.
Reaching economies of scale brings unit production costs down, Banazadeh said, to the point that it can offset the costs of adding new bells and whistles.
Capella is also selectively building out specific software applications for its SAR datasets, like vessel, aircraft, car, and flood detection.
Runway? Doesnât seem to be a problem. The six-year-old startup has banked $190M to date, most recently raising $97M in April.
âWe actually have gotten so much interest from investors who want to put money in [just months later], because really, our business is just booming,â Banazadeh said. Demand and revenue are up and to the right and âmargins are healthy.â
Share this with someone who wants to go to all the national parks:
Coming Soon to a Classroom Near You: Space Telescopes

Image: TransAstra
Students across the globe could soon have the ability to identify near-Earth asteroids (NEAs) for a grade, thanks to a collaboration between TransAstra and Slooh.
Driving the news: The two companies announced a partnership on Tuesday that will ultimately let K-12 students book time on a telescope.
Getting the grade: Students will reserve observation time on a telescope equipped with TransAstraâs Sutter technology and search for NEAs via Sloohâs virtual classroom interface.
Slooh already operates a âvirtual telescopeâ for students, as well as a network of ground telescopes.
TransAstra opened its first Sutter telescope at the Winer Observatory in Arizona this past April and reports that the telescope is meeting expectations.
For the past few weeks, TransAstra has also been working out of the Sierra Remote Observatory (SRO) to ensure coverage during the summer monsoon season.
Through this partnership, the two companies plan to expand their combined network of telescopes globally to achieve full-sky, 24-hour, all-weather coverage. The technology can be used in many ways, but TransAstra CEO Joel Sercel told Payload that the companies are aiming to democratize access to space by bringing telescope tasking to students.
âIt shouldnât matter who you are or where youâre fromâeveryone should have access to space,â Sercel said.
Sutter: TransAstra equips its telescopes with Optimized Matched Filter Tracking (OMFT), which uses image tracking to improve the accuracy and computational efficiency of its observations.
OMFT allows telescopes to identify very faint, fast-moving NEAs for a far lower cost than heritage systems.
Existing telescopes can also be retrofitted with OMFT tech.
The ultimate goal, Sercel said, is to âfind enough asteroids to usher in a gold rush to space.â The company has longer-term asteroid mining projects in the works.
While the telescopes were designed for NEA hunting, theyâre incidentally also well-suited for orbital debris identification and space situational awareness. As the orbital environment gets busier, better sensors and tracking are needed sooner rather than later, opening up an immediate possible new revenue stream for the telescopes, per Sercel.
Taking to the skies: The collaboration doesnât end here. Next, the two companies plan to co-develop a space telescope that will help them gain a higher vantage point and observe small objects at lunar distances.
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In Other News
SpaceX led Q2 with launch cadence (16 missions total vs. Chinaâs 12) and upmass (158,666kg vs. Chinaâs 38,822kg), per BryceTechâs quarterly briefing. Roscosmos finished in a distant third on both metrics (four total launches and 17,189kg total upmass).
AlsoâŚSpaceX flew its 35th mission of 2022 last night. The company has now launched 2,920 Starlink satellites to date.
Viasat ($VSAT) CEO Mark Danberg penned an FT op-ed calling for more regulation of debris in LEO.
POTUS signed the Chips + Science bill (and NASA Authorization Act) into law Tuesday.
The FAA issued a TFR (temporary flight restriction) around the Kodiak spaceport (where ABLâs RS1 is currently located).
NASAâs inspector general announced an audit of the Artemis programâs supply chain.
AST SpaceMobile's ($ASTS) all-important BlueWalker 3 test satellite has arrived at Cape Canaveral.
The Term Sheet
We got a packed one this week!!!
SpaceX raised $250M in July, bringing total 2022 fundraising to ~$2B.
Xona nabbed ~$15M in a fresh round of financing (via Payload).
LiveEO, a Berlin satellite analytics startup, scored âŹ19M ($19.5M) in a new funding round.
Muon Space raised $25M to build turnkey satellite systems.
SES and Intelsat are in merger talks (via Payload).
Slingshot scooped up Numericaâs SDA division and Seradata (via Payload).
Yunyao Aerospace, a Chinese startup developing a commercial meteorological constellation, raised nearly 100M Yuan (~$15M) in a âpre-A+â round (h/t Andrew Jones).
Antarctica Capital acquired a âcontrolling interestâ in Descartes Labs. Additional terms were not disclosed, though co-founder and former CEO Mark Johnson wrote that the startup âwas sold in a fire sale.â
TRM Equity, a Michigan-based PE fund, acquired Wellman Dynamics, an aerospace supplier that makes large-scale, complex magnesium and aluminum castings. The sale closed July 29; terms of the deal were not disclosed.
Australia awarded $1M AUD (~$700,000) apiece in grants to Ferretti International and Hydroil to start manufacturing projects for spaceport operator Southern Launch.
The View from Starbase

SpaceX completed a Raptor engine static fire test of Super Heavy Booster 7. Image: SpaceX
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