14 months ago, SpaceX changed the face of space flight.
SpaceX announced the creation of a new Smallsat Rideshare program, and promised to provide “regularly scheduled dedicated Falcon 9 Falcon missions”, with “no more than 150 kg” of satellite space, at a price “as low as $2.25 million per flight”, and even more As low as $15,000 per kilo.
Just a month later, SpaceX expanded and simplified the procedure by adding the option of free-riding on its Starlink satellite launcher, at a price of only $1 million, or $5,000 per kilo.
So, how is SpaceX’s plan formulated?
Alice, go to the moon! (Or at least into orbit)
Very good, actually. SpaceX’s first Starlink/Rideshare took off in June 2020 and carried three Earth observation satellites for the US company Planet, and has since announced other rides. As we just learned from friends on SpaceNews.com, the new SpaceX service has also begun to gain popularity internationally.
Last week, German launch aggregator Exolaunch announced that it has signed an agreement to place at least 30 third-party satellites in the SpaceX ride-sharing mission in December 2020, and launch more satellites in mid-2021.
SpaceX is not the only company offering ride-sharing services. Spaceflight Inc., sometimes a competitor and sometimes a partner, is now owned by Japanese conglomerate Mitsui & Co. and industrial machinery manufacturer Yamasa Co.. rocket). But it now appears that Spaceflight Inc. is winning some European competition from local competitors-and SpaceX has found another partner.
As Jeanne Medvedeva, Vice President of Launch Services at Exolaunch, explained in a statement: “The SpaceX program is a game changer for the ride-hailing industry, providing new power to many small satellites,” which is both cost-effective and effective. “reliability”. “
This reliability record (SpaceX has not had a launch accident in more than four years), coupled with the ultra-low prices charged by SpaceX, seems to be driving the bundled ride-sharing launch market far beyond the US border. According to the SpaceNews story, Exolaunch’s customers for these ride-sharing missions come from all over the world-including Canada, France, Germany, Lithuania and the United Kingdom.
What it means for investors
Therefore, I feel bullied about Exolaunch-but Exolaunch does not trade on the American Stock Exchange. Exolaunch is not a public company Absolutely not, Then why is it so important to investors?
First of all, Exolaunch and SpaceX have entered into the passenger car market, which means that the latter’s passenger car business is growing. It is becoming more and more popular, and some people believe that part of this popularity is because SpaceX can charge a very low price-the price of launching a 200 kg satellite is only $1 million, while the price of a private launch is about 600 Ten thousand dollars, for example, the fees charged by Rocket Lab, or the 12 million dollars that Virgin Orbit reportedly asked for.
In my opinion, this poses a risk to both Rocket Lab and Virgin Orbit’s business models-especially since these two companies are located outside of the United States, and Exolaunch is targeting these markets. When one or both of these companies start IPOs, their potential market size may be greatly reduced.
Second, because SpaceX will carry most of its ride-sharing tasks on the launch of its own Starlink satellite, every paying customer who pays for a ride will spend a little more money to build SpaceX’s Starlink broadband satellite Internet service. Each ride-sharing makes Starlink cheaper and more profitable to build.
By the time SpaceX finally gets involved in IPO publisher Starlink (as it says), its value may even be higher than it looks.