Transcript
Maria Varmazas (0:01)
You're listening to the N2K space network.
Strata Representative (0:10)
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Maria Varmazas (1:13)
Every few months we get to report on yet another new valuation for SpaceX. And exactly no one listening is ever going to be surprised that the number keeps going up. Just a few months ago, the per share price of SpaceX was $112. The new number three months later. Yeah, it's a lot higher. Why? Did something major happen in the last three months? T minus 20 seconds to Los T drift.
AJ Gemmer (1:39)
Go for deploy.
Maria Varmazas (1:40)
Roger roll. Today is December 11th, 2024. I'm Maria Varmazas and this is T. SpaceX is valued at $350 billion. Maxar and satellogic agree to partner on national security missions. Boryong invests in intuitive machines. And our guest today is AJ Gemmer, co founder and CTO at Lunar Outpost. Happy Wednesday, everybody. Here is your intel briefing. Bloomberg has an exclusive look at an insider share transaction over at SpaceX, with the company and its investors buying $1.25 billion of insider shares. That transaction puts the latest valuation of the per share price for SpaceX at $185 per share, making the company worth roughly $350 billion in all. And that is a big boost in just three months from the previous $112 per share valuation. Exhibit A in how Elon Musk owned businesses are getting a big boost from the results of the US presidential election. According to the Bloomberg exclusive, SpaceX is also looking to buy nearly half a billion dollars worth of its common stock. And of course, SpaceX is rarely out of global headlines for long, thanks to its increased launch cadence over the last few years. And in the last few months, was SpaceX Starship's flight number six. No chopstick catch for the booster, but there was a banana for scale. And over at Starbase, prep work is underway for test flight number seven, expected For January, we'll be keeping an eye out for testing on Ship 33, which will be the very first Block 2 version of Starship to be tested with a number of modifications made on the ship design. From what SpaceX has learned from all of the tests on the Block 1 version, Maxar Intelligence and Satellogic are teaming up to support US national security missions. The companies have announced a tasking data licensing and distribution agreement that enhances Maxar's ability to deliver monitoring and change detection insights in near real time for the US Government and the government's partners around the world. The agreement grants Maxar exclusive rights to task Satellogic's High Revisit constellation and use its cost effective satellite imagery to support national security missions. Matt Terman, president of Satelogic, added to the press release that this agreement with Maxar is a watershed moment in Earth observation, providing crucial capacity to war fighters and allies. Combining our Constellation with Maxar's expertise enables comprehensive monitoring and analytics to meet the demand for actionable intelligence. South Korean pharmaceutical company Boryung has invested $10 million in Intuitive Machines Boryung has shared in a press release that it'll participate in Intuitive Machines $65 million underwritten public offering through a concurrent private placement, acquiring over 950,000 shares of Class A common stock. And they're not the only ones looking to invest in the first private company to land on the moon. Other US and global institutional investors are expected to participate in the public offering under the same terms as Boryang. Boreong established a strategic partnership with Intuitive Machines in December last year to explore the possibility of building essential infrastructure for life science research on and around the moon. The two companies have also signed an MOU to develop a platform for space healthcare experiments using Intuitive Machines Lunar Lander and Lunar Terrain vehicle designed for NASA's Artemis program. Following its launch last week, ESA's Copernicus Sentinel 1C satellite shared its first radar images. The images of the Earth showcase some of the satellite's capabilities for environmental monitoring. The first images feature regions of interest and the first image was captured just 56 hours and 23 minutes after liftoff and features Svalbard, which is a remote Norwegian archipelago in the Arctic Ocean. The image demonstrates Sentinel 1C's ability to monitor ice coverage and environmental changes in harsh and isolated regions. ViaSat successfully demonstrated direct to device satellite connectivity for the first time in the United Arab Emirates. The communications giant used the Abu Dhabi Space Debate event to Send satellite enabled two way messages and SOS messages to attendees. It is the third successful demonstration of ViaSat's technology this quarter following similar tests in both India and Saudi Arabia. RF Communications company Gorilla RF has announced a 125% year over year growth in its satellite communications business. The company says the growth has been largely driven by the increasing demand for Gorilla RF products in direct to cellular satellite and we're sure that as demand grows, we'll be hearing more from companies like Gorilla RF. China conducted a static firing test of its XZY1 verification rocket, also known as Space Epoch, last week. The XZY1 rocket, developed by Beijing Jianyuan Technology, is China's first medium lift launch vehicle with a stainless steel rocket body. It's powered by liquid oxygen methane engines and is aiming to be recoverable after an ocean splashdown, according to Chinese media. The test involved full power static firing that lasted 20 seconds, during which its 70 ton class liquid oxygen methane engine was ignited and operated as planned and staying in China, the China Aerospace Science and Technology Corporation says it's preparing to launch a newly developed rocket, the Long March 8A Y1, in January. The vehicle was loaded onto a ship earlier this week to be transported to the Wenchang satellite launch site in south China's island province of Hainan. The Long March 8A is expected to become the main rocket type used for China's future space launches to the low Earth and medium Earth orbits, and satellite company Astranis says They have delivered four satellites to Cape Canaveral ahead of a dedicated SpaceX launch which is expected later this month. Astranis says that SpaceX is targeting December 17th for the Falcon 9 mission and and the four Astranis microgeo satellites will support a number of customers, including two satellites which will support in flight connectivity for a new vu. You'll find links to all the stories mentioned in the show in the Selected Reading section of our show notes or over at space.n2k.com hey t minus crew, if you find this podcast useful, please do us a favor and share a five star rating and short review in your favorite podcast app. It'll help other space professionals like you to find the show and join the T minus crew. Thank you so much everybody. We really appreciate it.
