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In today's newsletter:⌛ FY23 preview 🚀 ULA, SES launch 💸 The term sheet
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Looking Ahead to FY23

Image: Rene DeAnda
Happy Fiscal New Year, Payload readers.
On Oct. 1, fiscal year 2023 (FY23) officially began. As is tradition in recent years, Congress has yet to pass any of the 12 appropriations bills necessary to keep the government running for the next fiscal year.
President Biden signed a continuing resolution (CR) into law on Friday, avoiding a government shutdown and keeping federal programs funded through Dec. 16. While the CR will keep the lights on until Congress gets its ducks in a row, the resolution has the unfortunate effect of keeping government agencies from starting new programs.
The Senate has now adjourned until after the midterm elections in November, scrapping a planned two-week session this month. As a result, it’ll be a while before anything is set in stone.
But with all 12 appropriations bills drafted, we have a sense of what’s to come in FY23.
Keeping up with SBIR: The CR wasn’t the only major bill signed into law Friday. The president also signed the reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs until Sep. 30, 2025. These programs are widely used across federal agencies, and they’re especially valuable to NASA and DoD to prime space markets and tap emerging technologies more rapidly.
The program is seeing a few changes in its new iteration:
Agencies with SBIR/STTR programs must establish a more robust foreign risk assessment.
These agencies will be required to report on potential national security risks.
The program raises performance standards for repeat grant recipients.
As for federal space funding in FY23, the specifics are still up in the air. Here’s what we know so far.
The National Defense Authorization Act
The National Defense Authorization Act (NDAA) provides a year’s worth of funding to the DoD. Space is a priority in this year’s bill, as pointed out in the chairman’s summary of the Senate Armed Services Committee (SASC) NDAA markup.
The House passed its version of the FY23 NDAA in July, which included a recommendation of $840.2B in national defense spending.
The SASC markup of the bill would provide $792.1B for the Pentagon, or $63.6B more than the FY22 enacted level.
Though the Senate has been dismissed through the midterms, it will still meet to begin debating the act on Oct. 11, likely with a dramatically pared down set of participants.
The Senate will (hopefully) vote on the FY23 NDAA when it’s back in session in November.
DoD reshuffling: The transition of space programs from USAF to USSF is underway. As part of a strategy outlined in the NDAA, the Space Development Agency (SDA) officially transferred to the USSF on Saturday. The office will remain heads-down, building out the National Defense Space Architecture, a multi-layer constellation for military communications.
NASA’s piece
The White House released its funding request for NASA back in May. The request included $26B for the agency, which was a 4.7% increase over the request for FY22 and an 8% increase over FY22 enacted levels.
The Senate released its draft NASA appropriations bill in July. The draft bill met the funding request from the White House, but suggested a few changes regarding where that money should be spent. The SASC borrowed funds from space technology and applied it to science and exploration programs.
SES twins head to space

Image: ULA
On Tuesday evening, a United Launch Alliance Atlas V rocket lifted off from Cape Canaveral with precious cargo: SES-20 and -21. The American launch provider successfully deployed the satellites for SES, their owner and operator, roughly six hours later into a near-geosynchronous orbit.
SES bought the two birds from Boeing in 2020. The all-electric satellites use Boeing’s 702SP bus, which has a 15-year mission life and 565 kg max payload mass.
SES-20 and -21 are the first two commercial satellites Boeing has delivered since the pandemic started.
The twin satellites, fitted with C-band payloads, will provide broadcast TV to North American customers for the next decade and a half.
C-band, you say? The US forced SES and its competitors to vacate a contentious chunk of spectrum for 5G (more on that here).
The satellite operators are being compensated for spectrum-clearing, as they launch new satellites and migrate TV services to separate frequency bands. The deployment timetable for SES’s new C-band satellites appears to be inversely correlated with their tail numbers:
SES-22, which SpaceX launched in June, is in service.
SES-20 and -21 are performing on-orbit checkouts and are expected to start operations next month.
Up next are SES-18 and -19, set to launch on a Falcon 9 in Q4.
Friends? Frenemies? SES, based in Luxembourg, is said to be in merger talks with the US’s Intelsat. Just this week, SES lost a suit against Intelsat to recover a $421M chunk of spectrum-clearing payouts.
And…the countdown begins: ULA has 20 Atlas Vs in its inventory. Once they’re flown out, the rocket will be retired. After that, the launcher aims to transition to its next-generation Vulcan Centaur rocket, which will be powered by Blue Origin BE-4 engines.
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In Other News
The UK committed to a ban on direct-ascent ASAT weapon testing.
SpaceX is bidding against…SpaceX…for NASA science missions, Ars reports.
ABL and Relativity are by all appearances closing in on their first flights.
Russia says it’s in talks to stay in the ISS partnership past 2024.
Crew-5 is set to launch at noon Eastern today.
Iran says it conducted a successful sub-orbital test flight of its space tug.
Rocket Lab ($RKLB) will set a new company record of eight annual launches on Friday’s mission.
The Term Sheet
L3Harris Technologies ($LHX) agreed to buy Viasat’s ($VSAT) tactical data links division for ~$1.96B.
Leonardo DRS nixed plans for a $670M IPO. The US defense electronics developer will instead go through a reverse merger with RADA Electronic Industries ($RADA).
AEI, aided by BlackRock’s PE arm, will buy a majority stake in York Space Systems. Terms of the deal were not disclosed, but CNBC reported that the transaction values York at ~$1.13B.
Momentus Inc ($MNTS) launched a three-year, $50M at-the-market (ATM) equity program.
Astroscale raised JPY 5B (~$35M) from MUFG Bank through a three-year term loan agreement.
Redwire ($RDW) agreed to acquire the Belgian space subsidiary of British defense firm QinetiQ for $31.4M. The unit, QinetiQ Space NV, booked €49M of revenue and €3M of profit from Q1 ‘21 to Q1 ‘22.
Marlink, a smart networking solutions provider, acquired the satcom unit of Hellenic Radio Services to strengthen its position in the Greek market.
4iG, a Hungarian IT and communications firm, intends to acquire a majority stake in Israeli satellite operator Spacecom “in stages,” SpaceNews reports, “following a yearlong resistance from Israel’s government.”
The View from Space

Image: NOIRLab
Following DART’s bulls-eye collision with the asteroid Dimorphos, astronomers used the Chilean SOAR telescope operated by the NSF’s NOIRLab to capture images of a trail of debris and dust over 10,000 km long.
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