Space launch market competition
Space launch market competition is the manifestation of market forces in the launch service provider business. In particular it is the trend of competitive dynamics among payload transport capabilities at diverse prices having a greater influence on launch purchasing than the traditional political considerations of country of manufacture or the national entity using, regulating or licensing the launch service.
Following the advent of spaceflight technology by humans in the late 1950s, space launch services came into being, exclusively by national programs. Later in the 20th century commercial operators became significant customers of launch providers, and international competition for the communication satellite payload subset of the launch market was increasingly influenced by commercial considerations. However, even during this period, for both commercial- and government-entity-launched commsats, the launch service providers for these payloads were provided exclusively on launch vehicles that had been built to government specifications and with state-provided development funding.
In the early 2010s, with the emergence of privately-developed launch vehicle systems and space launch service offerings, by companies facing economic incentives rather than principally political incentives of the earlier decades, the space launch business experienced a dramatic lowering of per-unit prices along with the addition of entirely new capabilities, bringing about a new phase of competition in the space launch market.
- 1 History
- 2 2019 and beyond
- 3 Launch contract competitive results
- 4 Launch industry response
- 5 Effect on related industries
- 6 See also
- 7 References
- 8 External links
In the early decades of the Space Age—1950s–2000s—the government space agencies of the Soviet Union and United States pioneered space technology augmented by collaboration with affiliated design bureaus in the USSR and contracts with commercial companies in the US. All rocket designs were built explicitly for government purposes. The European Space Agency was formed in 1975, largely following the same model of space technology development, and other national space agencies—such as China's CNSA and India's ISRO— also financed the indigenous development of their own national designs.
Communications satellites were the principal non-government market. Although launch competition in the early years after 2010 occurred only in and amongst global commercial launch providers, the US market for military launches began to experience multi-provider competition in 2015, as the US government began to move away from their previous monopoly arrangement with United Launch Alliance (ULA) for military launches. By 2018, the ULA monopoly on US national security space launch had evaporated.
By mid-2017, the results of this multi-year competitive pressure on commercially-bid launch prices was being observed in the actual numbers of launches achieved. With frequent recovery of first-stage boosters by SpaceX, expendable missions had become a rare occurrence for them.
1970s and 1980s: Commercial satellites emerge
Non-military commercial satellites began to be launched in volume in the 1970s and 1980s, but launch services were supplied exclusively with launch vehicles that had been originally developed for the various Cold War military programs, with attendant cost structures.
SpaceNews journalist Peter B. De Selding has asserted that French government leadership, and the Arianespace consortium "all but invented the commercial launch business in the 1980s" principally "by ignoring U.S. government assurances that the reusable U.S. space shuttle would make expendable launch vehicles like Ariane obsolete."
Little market competition emerged inside any national market prior to approximately the late 2000s. Some global commercial competition arose between the national providers of various nation states for international commercial satellite launches. Within the US, as late as 2006, the high cost structures built in to government contractor's—Boeing's Delta IV and Lockheed Martin's Atlas V—launch vehicles left little commercial opportunity for US launch service providers but considerable opportunity for low-cost Russian boosters based on leftover Cold War military missile technology.
DARPA's Simon P. Worden and USAF's Jess Sponable analyzed the situation in 2006 and offered that "One bright point is the emerging private sector, which [was then] pursuing suborbital or small lift capabilities." They concluded "Although such vehicles support very limited US Department of Defense or National Aeronautics and Space Administration spaceflight needs, they do offer potential technology demonstration stepping stones to more capable systems needed in the future."; demonstrating capabilities that would grow in the next five years while supporting published list prices substantially below the rates on offer by the national providers.
2010s: Competition and pricing pressure
- Maiden flight of Vega was non-commercial
- Rocket grounded due to failure of Cygnus CRS Orb-3 in October 2014
- Atlas + Delta excluding military missions, PSLV, GSLV, Dnepr, Rokot, Zenit
In early December 2013, SpaceX flew its first launch to a geosynchronous orbit providing additional credibility to its low prices which had been published since at least 2009. The low launch prices offered by SpaceX, especially for communication satellites flying to geostationary (GTO) orbit, resulted in market pressure on its competitors to lower their own prices.
In years prior to 2013, the communications satellite launch market had been dominated by Europe's Arianespace, which flies the Ariane 5, and International Launch Services (ILS), which marketed Russia's Proton vehicle. In November 2013 Arianespace announced new pricing flexibility for the "lighter satellites" it carries to orbits aboard its Ariane 5 in response to SpaceX's growing presence in the worldwide launch market, and followed in early 2014 with a request to European governments for additional subsidies to face the competition from SpaceX.
By late 2013, with a published price of US$56.5 million per launch to low Earth orbit, "Falcon 9 rockets [were] already the cheapest in the industry. Reusable Falcon 9s could drop the price by an order of magnitude, sparking more space-based enterprise, which in turn would drop the cost of access to space still further through economies of scale." Falcon 9 GTO missions 2014 pricing was approximately US$15 million less than a launch on a Chinese Long March 3B. Despite SpaceX prices being somewhat lower than Long March prices, the Chinese Government and the Great Wall Industry company—which markets the Long March for commsat missions—made a policy decision to maintain commsat launch prices at approximately US$70 million.
Continuing to face "stiff competition on price," seven European satellite operator companies—including the four largest in the world by annual revenue—requested in April 2014 that the ESA "find immediate ways to reduce Ariane 5 rocket launch costs and, in the longer term, make the next-generation Ariane 6 vehicle more attractive for smaller telecommunications satellites. ... [C]onsiderable efforts to restore competitiveness in price of the existing European launcher need to be undertaken if Europe is [to] maintain its market situation. In the short term, a more favorable pricing policy for the small satellites currently being targeted by SpaceX seems indispensable to keeping the Ariane launch manifest strong and well-populated." In competitive bids during 2013 and early 2014, SpaceX was winning many launch customers that formerly "would have been all-but-certain clients of Europe's Arianespace launch consortium, with prices that are $60 million or less."
In June 2014, Arianespace CEO Stephane Israel announced that European efforts to remain competitive in response to SpaceX's recent success had begun in earnest, including the creation of a new joint venture company from Arianespace's two largest shareholders: the launch-vehicle producer Airbus and engine-producer Safran. No specific details to become more competitive were released at the time. In 2015, the European multinational space agency—the European Space Agency (ESA)—is endeavoring to reorganize in order to reduce bureaucracy and decrease inefficiencies in launcher and satellite spending which have been historically tied to the amount of tax funds that each country has provided to the ESA.
In August 2014, Eutelsat, the third-largest fixed satellite services operator worldwide by revenue, indicated that it plans to spend approximately €100 million less each year in the next three years, due to lower prices for launch services and by transitioning their commsats to electric propulsion. They indicated that they are using the lower prices they can get from SpaceX against Arianespace in negotiation for launch contracts. By November 2014, SpaceX had "already begun to take market share" from Arianespace. Eutelsat CEO Michel de Rosen said, in reference to ESA's program to develop the Ariane 6, "Each year that passes will see SpaceX advance, gain market share and further reduce its costs through economies of scale." European government research ministers approved the development of the new European rocket—Ariane 6—in December 2014, projecting the rocket would be "cheaper to construct and to operate" and that "more modern methods of production and a streamlined assembly to try to reduce unit costs" plus "the rocket's modular design can be tailored to a wide range of satellite and mission types [so it] should gain further economies from frequent use." In early 2016, Arianespace was projecting a launch price of €90–100 million, about one-half of the 2015 Ariane 5 per launch price.
Facing direct market competition from SpaceX, the large US launch provider United Launch Alliance (ULA) announced strategic changes in 2014 to restructure its launch business—replacing two launch vehicle families (Atlas V and Delta IV) with the new Vulcan architecture—while implementing an iterative and incremental development program to build a partially reusable and much lower-cost launch system over the next decade. In October 2014, ULA announced a major restructuring of processes and workforce in order to decrease launch costs by half. One of the reasons given for the restructuring and new cost reduction goals was competition from SpaceX. ULA has had less "success landing contracts to launch private, commercial communications and earth observation satellites" than it has had with launch US military payloads, but CEO Tory Bruno believes the new lower-cost launcher can be competitive and succeed in the commercial satellite sector. The US GAO calculated that the average cost of each ULA rocket launch for the US government has risen to approximately US$420 million in 2014. In May 2015, ULA stated that it would go out of business unless it won commercial and civil satellite launch orders to offset an expected slump in U.S. military and spy launches. By 2018, the monopoly ULA had held on US national security space launch was over.
As of 2015[update], SpaceX had remained "the low-cost supplier in the industry." However, in the market for launch of US military payloads, ULA faced no competition for the launches for nearly a decade, since the formation of the ULA joint venture from Lockheed Martin and Boeing in 2006. However, SpaceX is also upsetting the traditional military space launch arrangement in the US, which has been called a monopoly by space analyst Marco Caceres and criticized by some in the US Congress. As of May 2015, the SpaceX Falcon 9 v1.1 was certified by the USAF to compete to launch many of the expensive satellites which are considered essential to US national security. University of Southampton researcher Clemens Rumpf argued in 2015 that the global launch industry was developed in an "old world where space funding was provided by governments, resulting in a stable foundation for [global] space activities. The money for the space industry [had been] secure and did not encourage risk-taking in the development of new space technologies. ... the space landscape [had not changed much since the mid-1980s]." As a result, the emergence of SpaceX was a surprise to other launch providers "because the need to evolve launcher technology by a giant leap was not apparent to them. SpaceX shows that technology has advanced sufficiently in the last 30 years to enable new, game changing approaches to space access." The Washington Post has said that the changes occasioned from multiple competing service providers has resulted in a revolution in innovation.
By mid-2015, Arianespace was speaking publicly about job reductions as part of an attempt to remain competitive in the "European industry [which is being] restructured, consolidated, rationalised and streamlined" to respond to SpaceX price competition. Still, "Arianespace remained confident it could maintain its 50 per cent share of the space launch market despite SpaceX's slashing prices by building reliable rockets that are smaller and cheaper."
Following the first successful landing and recovery of a SpaceX Falcon 9 first stage in December 2015, equity analysts at investment bank Jefferies estimated that launch costs to satellite operators using Falcon 9 launch vehicles may decline by about 40 percent of SpaceX' typical US$61 million per launch, although SpaceX had only forecast an approximately 30 percent launch price reduction from the use of a reused first stage by early 2016.
In March 2017, SpaceX reflew an orbital booster stage that had been previously launched, landed and recovered, stating that the cost to the company of doing so "was substantially less than half the cost" of a new first stage. COO Gwynne Shotwell said that the cost savings "came even though SpaceX did extensive work to examine and refurbish the stage. We did way more on this one than [is planned for future recovered stages]."
A 2017 industry-wide view by SpaceNews reported: By 5 July 2017, SpaceX had launched 10 payloads during a bit over 6 months—"outperform[ing] its cadence from earlier years"—and "is well on track to hit the target it set last year of 18 launches in a single year." There were indeed 18 successful Falcon 9 launches in 2017. By comparison, "France-based Arianespace, SpaceX’s chief competitor for commercial telecommunications satellite launches, is launching 11 to 12 times a year using its fleet of three rockets — the heavy-lift Ariane 5, medium-lift Soyuz and light-lift Vega. Russia has the ability to launch a dozen or more times with Proton doing both government and commercial missions, but has operated at a slower cadence the past few years due to launch failures and this year’s discovery of an incorrect material used in some rocket engines. United Launch Alliance, SpaceX’s chief competitor for defense missions, regularly conducts around a dozen or more launches per year, but the Boeing-Lockheed Martin joint venture has only performed four missions" through mid-year 2017. By mid-2018, with Proton flying as few as two launches in an entire year, the Russian state corporation Roscosmos announced that they would retire the Proton launch vehicle, in part due to competition from lower-cost launch alternatives. In early 2018, SpaceNews reported that "[t]he rise of SpaceX has disrupted the launch industry at large."
Raising private capital
Private capital invested in the space launch industry prior to 2015 was modest. From 2000 through the end of 2015, a total of US$13.3 billion of investment finance has been invested in the space sector, with US$2.9 billion of that being venture capital financing. Of the US$2.9 billion private venture capital money invested from 2000 to 2015, $1.8 billion was invested in 2015 alone.
For the space launch sector, this began to change with the January 2015 Google and Fidelity Investments investment of US$1 billion in SpaceX. While private satellite manufacturing companies had previously raised large capital rounds, that was the largest investment to date in a launch service provider.
SpaceX developed the Falcon Heavy (first flight in February 2018), and are developing the BFR, launch vehicles with private capital. No government financing is being provided for either rocket.
After decades of reliance on government funding to develop the Atlas and Delta families of launch vehicles, the successor company—United Launch Alliance (ULA)—began, in October 2014, development of a rocket with, initially, private funds as one part of a solution for a problem of "skyrocketing launch costs" at ULA. However, by March 2016 it had become clear that the new Vulcan launch vehicle would be developed with funding via a public–private partnership with the US government. By early 2016, the US Air Force had committed US$201 million of funding for Vulcan development. ULA has not "put a firm price tag on [the total cost of Vulcan development but ULA CEO Tory Bruno has] said new rockets typically cost $2 billion, including $1 billion for the main engine," and ULA has asked the US government to provide a minimum of US$1.2 billion by 2020 to assist it in developing the new US launch vehicle. It is unclear how the change in development funding mechanisms might change ULA plans for pricing market-driven launch services. Vulcan is a large orbital launch vehicle with first flight planned no earlier than 2019. Since Vulcan development began in October 2014, the privately generated funding for Vulcan development has been approved only on a short term basis. The United Launch Alliance board of directors—composed entirely of executives from Boeing and Lockheed Martin—is approving development funding on a quarter-by-quarter basis.
Other launch service providers are developing new space launch systems with substantial government capital investment. For the new European Space Agency (ESA) launch vehicle—Ariane 6, aiming for flight in the 2020s—€400 million of development capital was requested to be "industry's share", ostensibly private capital, while €2.815 billion was slated to be provided by various European government sources at the time the early finance structure was made public in April 2015. In the event, France's Airbus Safran Launchers—the company building the Ariane 6—did agree to provide €400 million of development funding in June 2015, with expectation of formalizing the development contract in July 2015.
As of May 2015[update], the Japanese legislature was considering legislation to provide a legal framework for private company spaceflight initiatives in Japan. It was not clear whether the legislation would become law and, if so, whether significant private capital would subsequently enter the Japanese space launch industry as a result.[needs update]In the event, the legislation appears to have not become law, and little change in the funding mechanism for Japanese space vehicles are anticipated.
The economics of space launch are driven, in part, by business demand in the space economy. Morgan Stanley projected in 2017 that "revenue from the global industry will increase to at least US$1.1 trillion by 2040, more than triple the figure in 2016 [not including] "the more aspirational possibilities presented by space tourism or mining, nor by [NASA] megaprojects."
2019 and beyond
A number of market responses to the increase of lower-cost competition in the space launch market were begun in the 2010s. As rocket engine and rocket technologies have fairly long development cycles, most of the results of these moves will not be seen until the late-2010s and early 2020s.
United Launch Alliance (ULA) entered into a partnership with Blue Origin in September 2014 in order to develop the BE-4 LOX/methane engine to replace the RD-180 on a new lower-cost first stage booster rocket. At the time, the engine was already in its third year of development by Blue Origin, and ULA indicated then that they expect the new stage and engine to start flying no earlier than 2019 on a successor to the Atlas V. A month later, ULA announced a major restructuring of processes and workforce in order to decrease launch costs by half. One of the reasons given for the restructuring and new cost reduction goals was competition from SpaceX. ULA intended to have preliminary design ideas in place for a blending of the Atlas V and Delta IV technology by the end of 2014, but in the event, the high-level design was announced in April 2015. By early 2018, ULA had moved the first launch date for the Vulcan launch vehicle to no earlier than mid-2020.
Blue Origin is also planning to begin flying its own orbital launch vehicle—the New Glenn—in 2020, a rocket that will also use the Blue BE-4 engine on the first stage, same as the ULA Vulcan. Blue Origin initially said they did not plan to compete for the US military launch market, stating that the market is "a relatively small number of flights. It's very hard to do well and ULA is already great at it. I'm not sure where we would add any value." Bezos sees competition as a good thing, particularly as competition leads to his ultimate goal of getting "millions and millions of people living and working in space." This decision was reversed in 2017, with Blue Origin saying it did intend to compete for US national security launches.
In early 2015, the French space agency CNES began working with Germany and a few other governments to start a modest research effort with a hope to propose a LOX/methane reusable launch system, tentatively named Ariane NEXT, by mid-2015, with flight testing unlikely before approximately 2026. The stated design objective was to reduce both the cost and duration of reusable vehicle refurbishment, and was partially motivated by the pressure of lower-cost competitive options with newer technological capabilities not found in the Ariane 6. Responding to competitive pressures, one stated objective of Ariane NEXT is to reduce Ariane launch cost by a factor of 2 beyond improvements brought by Ariane 6.[needs update]
SpaceX stated in 2014 that if they were successful with developing the reusable technology, launch prices in the US$5 to 7 million range for the reusable Falcon 9 could be achieved in the longer term. In the event, SpaceX did not choose to develop the reusable second stage for the Falcon 9, but are doing so for their next-generation launch vehicle, the new fully reusable BFR. SpaceX indicated in 2017 that the single-launch marginal cost of BFR would be approximately US$7 million.
After the mid-2010s, prices for smallsat and cubesat launch services began to decline significantly. Both the addition of new small launch vehicles to the market (Rocket Lab Electron, Firefly, Vector, and several Chinese service providers) and the addition of new capacity of rideshare services, are putting price pressure on existing providers. “Cubesats that used to cost US$350,000–400,000 to launch are now US$250,000 and going down.”
Competition for the American heavy-lift market
As early as August 2014, media sources noted that the US launch market may have two competitive super-heavy launch vehicles available in the 2020s to launch payloads of 100 metric tons (220,000 lb) or more to low-Earth orbit. The US government is currently developing the Space Launch System (SLS), capable of lifting very large payloads of 70 to 130 tonnes (150,000 to 290,000 lb) from Earth. On the commercial side, SpaceX has been privately developing its next-generation BFR launch architecture (formerly known as the Mars Colonial Transporter or the Interplanetary Transport System), featuring fully reusable boosters and spacecraft, and targeting 150 tonnes (330,000 lb) of payload. Development of the methalox Raptor engine began in 2012, and the first flight tests are scheduled for 2019. By 2014, "SpaceX [had] never openly portrayed its BFR plans in competition with NASA’s SLS. ... However, should SpaceX make solid progress on the development of its BFR over the coming years, it is almost unavoidable that America’s two HLVs will attract comparisons and a healthy debate, potentially at the political level."
The BFR system is planned to replace the Falcon 9 and Falcon Heavy launch vehicles, as well as the Dragon spacecraft, initially aiming at the Earth-orbit launch market, but explicitly adding substantial capability to support long-duration spaceflight in the cislunar and Mars mission environments. SpaceX intends this approach to bring significant cost savings that will help the company justify the development expense of designing and building the BFR system.
Following the successful first launch of the SpaceX Falcon Heavy in February 2018, and with SpaceX advertising a US$90 million list price for transporting up to 63,800 kg (140,700 lb) to low-Earth orbit, U.S. President Donald Trump said: "If the government did it, the same thing would have cost probably 40 or 50 times that amount of money. I mean literally. When I heard $80 [sic] million, I'm so used to hearing different numbers with NASA." Space journalist Eric Berger reported: "Trump seems to be siding with commercial space advocates, who say that, while rockets like the Falcon Heavy may be slightly less capable than the SLS, they come at a drastically reduced price that will enable much quicker, broader exploration of the Solar System."
Launch contract competitive results
- 2010: 26 geostationary commercial satellites were ordered under long-term launch contracts.
- 2011: Only 17 geostationary commercial satellites went under contract during 2011 as an "historically large capital spending surge by the biggest satellite fleet operators" began to tail off, something that had been anticipated to follow the various satellite fleets being substantially upgraded.
- 2012: As of September 2012[update], the major launch providers globally were Arianespace (France), International Launch Services (United States) which markets the Russian Proton launch vehicle, and Sea Launch of Switzerland which markets the Russian-Ukrainian Zenit rocket. In late 2012, each of them had manifests that were "full or nearly so for both 2012 and 2013."
- 23 geostationary orbit communications satellites were placed under firm contract during 2013.
Arianespace and SpaceX each signed nine contracts for geostationary launches, while Mitsubishi Heavy Industries was awarded one. United Launch Alliance signed one commercial contract to launch an Orbital Sciences Corporation Cygnus spacecraft to the LEO-orbiting International Space Station following the destruction over the pad of an Orbital Antares vehicle in October 2014. This was the first year in some time that no commercial launches were booked on the Russian (Proton-M) and Russian-Ukrainian (Zenit) launch service providers.
Overall in 2015, Arianespace signed 14 commercial-order launch contracts for geosynchronous-orbit commsats, while SpaceX received only 9, with International Launch Services (Proton) and United Launch Alliance signing one contract each. In addition, Arianespace signed their largest launch contract ever—for 21 LEO launches for OneWeb using the Europeanized Russian Soyuz launch vehicle launching from the ESA spaceport—and two Vega smallsat launches.
In a 2015 US competition for a (no earlier than 2017 but possibly planned for 2018 as of November it costs 11 million US dollars 2015) US military launch to loft the first of the third-generation GPS III satellites into orbit, ULA—after having held a government-sanctioned monopoly on US military launches for the previous decade—declined to even submit a bid, thereby leaving the likely contract award winner to be SpaceX, the only other domestic US-provider of launch services to be certified as usable by the US military.
SpaceX's market share increased rapidly. In 2016, SpaceX had 30% global market share for newly awarded commercial launch contracts, in 2017 the market share reached 45%, the estimate for 2018 is about 65% as of July 2018.
Launch industry response
In addition to price reductions for proffered launch service contracts, launch service providers are restructuring to meet increased competitive pressures within the industry.
ULA has begun a major restructuring of processes and workforce in order to decrease launch costs by half. In May 2015, ULA announced it would decrease its executive ranks by 30 percent in December 2015, with the layoff of 12 executives. The management layoffs are the "beginning of a major reorganization and redesign" as ULA endeavours to "slash costs and hunt out new customers to ensure continued growth despite the rise of [SpaceX]".
According to one Arianespace managing director, "'It's quite clear there's a very significant challenge coming from SpaceX,' he said. 'Therefore, things have to change … and the whole European industry is being restructured, consolidated, rationalised and streamlined.' "
Airbus announced in 2015 that they would open a R&D center and venture capital fund in Silicon Valley. Airbus CEO Fabrice Bregier stated: "What is the weakness of a big group like Airbus when we talk about innovation? We believe that we have better ideas than the rest of the world. We believe that we know because we control the technologies and platforms. The world has shown us in the car industry, the space industry and the hi-tech industry that this is not true. And we need to be open to others' ideas and others' innovations,"
Airbus Group CEO Tom Enders stated that "The only way to do it for big companies is really to create spaces outside of the main business where we allow and where we incentivize experimentation...That is what we have started to do but there is no manual...It is a little bit of trial and error. We all feel challenged by what the Internet companies are doing."
Following a SpaceX launch vehicle failure in June 2015—due to the lower prices, increased flexibility for partial-payload launches of the Ariane heavy lifter, and decreased cost of operations of the ESA Guiana Space Center spaceport—Arianespace regained the competitive lead in commercial launch contracts signed in 2015. SpaceX successful recovery of a first stage rocket in December 2015 has not changed the Arianespace outlook. Arianespace CEO Israel stated that the "challenges of reusability ... have not disappeared. ... The stress on stage or engine structures of high-speed passage through the atmosphere, the performance penalty of reserving fuel for the return flight instead of maximizing rocket lift capacity, the need for many annual launches to make the economics work – all remain issues."
Despite ULA restructuring begun in 2014 to decrease launch costs by half, the cheapest ULA space launch in early 2018 remains the Atlas V 401 at a price of approximately US$109 million, more than US$40 million more than a SpaceX standard commercial launch, which the US military began to utilize for some US government missions flying in 2018.
By early 2018, two European space agencies—CNES and DLR—are to begin developing a new reusable engine aimed to be manufactured at one-tenth the cost of the Ariane 5's first-stage engine, Prometheus. Its first flight test (in a demonstration vehicle) is expected in 2020. The goal is to "establish a base of knowledge for future launch vehicles that could, maybe, be reusable".
In the market for launches of small satellites—including both rideshare launch services on medium-lift and heavy-lift launch vehicles, and the developing capacity from small launch vehicles—prices were falling by early 2018 as more launch capacity entered the market. Cubesat launches that had previously cost US$350–400 thousand had declined by March 2018 to US$250 thousand, and prices were continuing to decline. New capacity from Chinese Long March and Indian PSLV medium-lift vehicles and a number of new small launchers from Virgin Orbit, Rocket Lab, Firefly, and a number of new Chinese small launch vehicles are expected to put more downward pressure on prices, while also increasing the ability of smallsats to purchase custom launch dates and launch orbits and increasing overall responsiveness to launch purchasers.
As recently as 2013, nearly half of the world's commercial launch payloads were launched on Russian launch vehicles. By 2018 the Russian launch service market share is projected to shrink to about 10% of the world's commercial launch market. Russia only launched three commercial payloads in 2017. Technical problems with the Proton rocket and intense competition with SpaceX has been the prime drivers of this decline. SpaceX's share of the commercial market has grown from 0% in 2009 to a projected 50% for 2018.
By 2018, Russia has been indicating that it may reduce focus on the commercial launch market. On 17 April 2018 Russia's chief spaceflight official, Deputy Prime Minister Dmitry Rogozin stated in an interview "The share of launch vehicles is as small as four percent of the overall market of space services. The four percent stake isn’t worth the effort to try to elbow Musk and China aside. Payloads manufacturing is where good money can be made."
The global launch market revenue from the 33 commercial orbital launches in 2017 are estimated to be only just over US$3 billion. The global space economy, however is much larger at US$345 billion in 2016. The launch industry is becoming increasingly competitive; however, to date there has been no indication of a large increase of launch opportunities in response to decreasing prices. Russia may be the first launch provider to be a casualty of over supply of launch services.
By May 2018, as SpaceX prepared to launch the first Block 5 version of Falcon 9, Eric Berger reported in Ars Technica that, during the eight years since its maiden launch, Falcon 9 had become the dominant rocket globally, through SpaceX efforts to take risks and relentlessly innovate driving efficiency upwards. The first Block 5 booster flew successfully on 11 May 2018, and SpaceX then "lowered the standard price of a Falcon 9 launch from US$62 million to about US$50 million. This move further strengthens SpaceX’s competitiveness in the commercial launch market." In mid-2018, no fewer than three commercial launch vehicles—Ariane 6, Vulcan, and New Glenn—were being targeted for initial launch in 2020, two of them explicitly aimed at competitively responding to the offerings of SpaceX. (although journalists and industry experts were expressing doubts that these all these target dates would be met.)
In addition to building new launch vehicles and endeavoring to lower launch prices, competitive responses may include new product offerings, and now do include a more schedule-oriented launch cadence for dual-manifested payloads on offer from Blue Origin. Blue announced in 2018 that they intend to contract for launch services a bit differently than the contract options that have been traditionally offered in the commercial launch market. The company has stated they will support a regular launch cadence of up to eight launches per year. If one of the payload providers for a multi-payload launch is not ready on time, Blue will hold to the launch timeframe, and fly the remaining payloads on time at no increase in price. This is quite different from how dual-launch manifested contracts have been previously handled by Arianespace (Ariane V and Ariane 6) and Mitsubishi Heavy Industries (H-IIA and H3). SpaceX and International Launch Services offer only dedicated launch contracts.
Satellite design and manufacturing is beginning to take advantage of these lower-cost options for space launch services.
One such satellite system is the Boeing 702SP which can be launched as a pair on a lighter-weight dual-commsat stack—two satellites conjoined on a single launch—and which was specifically designed to take advantage of the lower-cost SpaceX Falcon 9 launch vehicle. The design was announced in 2012 and the first two commsats of this design were lofted in a paired launch in March 2015, for a record low launch price of approximately US$30 million per GSO commsat. Boeing CEO James McNerney has indicated that SpaceX's growing presence in the space industry is forcing Boeing "to be more competitive in some segments of the market."
Early information on a new constellation of 4000 satellites intended to provide global internet services, along with a new factory dedicated to manufacturing low-cost smallsat satellites, indicate that the satellite manufacturing industry may "experience a shock similar to what the launcher industry is experiencing" in the 2010s.
Venture capital investor Steve Jurvetson has indicated that it is not merely the lower launch prices, but the fact that the known prices act as a signal in conveying information to other entrepreneurs who then use that information to bring on new related ventures.
Sheehan, Michael (22 Dec 2010). "Rising Powers : Competition and Cooperation in the new Asian 'Space Race'". RUSI Journal: 44–50. Retrieved 2017-07-07.
Asia's rising powers are developing indigenous space programmes at a startling pace. Though some hedging behaviour is apparent, most are designed to bolster technological autonomy and augment national prestige. Nevertheless, China and India are both pursuing anti-satellite capabilities. Not yet a full-blown race, both competition and cooperation is possible between Asia's giants.
Nagappa, Rajaram (2 Dec 2016). "Development of Space Launch Vehicles in India". Astropolitics : The International Journal of Space Politics & Policy: 158–176. Retrieved 2017-07-07.
The Indian space program is a spacefaring success story with demonstrated capability in the design and building of application and scientific satellites, and the means to launch them into desired orbits. The end-to-end mission planning and execution capability comes with a high emphasis on self-reliance. Sounding rockets and small satellite launch vehicles provided the initial experience base for India. This experience was consolidated and applied to realize larger satellite launch vehicles. While many of the launch vehicle technologies were indigenously developed, the foreign acquisition of liquid propulsion technologies did help in catalyzing the development efforts. In this case, launch vehicle concept studies showed the inevitability of using a cryogenic upper stage for geosynchronous Earth orbit missions, which proved to be difficult technically and encountered substantial delays, given the geopolitical situation. However, launch capability matured from development to operational phases, and today, India’s Polar Satellite Launch Vehicle and Geosynchronous Satellite Launch Vehicle are in a position to meet both domestic and international market demands.
Davenport, Christian (2015-11-16). "ULA bows out of Pentagon launch competition, paving way for SpaceX". Washington Post. Retrieved 17 November 2015.
Faced with competition for the first time, the United Launch Alliance said Monday that it would not bid on the next contract to send Pentagon satellites into space, a stunning announcement for a company that held a monopoly on national security launches for a decade.
de Selding, Peter B. (2016-03-16). "ULA intends to lower its costs, and raise its cool, to compete with SpaceX". SpaceNews. Retrieved 2016-03-19.
A de facto monopoly was born with U.S. government blessing and with a series of lucrative U.S. government contracts whose principal goal was reliability and capability, not value for money.
Erwin, Sandra; Henry, Caleb (24 January 2018). "To stay competitive in the launch business, ULA courts commercial customers". SpaceNews. Retrieved 2018-06-28.
ULA no longer has a monopoly in national security space launches and near-term demand for such launches is expected to soften, so commercial payloads have become more important to the bottom line
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the first object in space built entirely by a private company was Telstar 1, a communications satellite launched into orbit by a NASA rocket in 1962. Telstar was followed by hundreds of other private satellites involved in communication and other fields. For decades, US government policy dictated that only NASA was allowed to put these satellites into space, but in 1984, as part of a broader move toward deregulation, Congress passed a law allowing private companies to conduct their own launch their own payloads [and further broadened that legal regime in 1990.]
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The United States (US) launch infrastructure is at a crisis point. Human access to space embodied in the Space Shuttle is due to be phased out by 2010. Currently, there are no heavy lift, 100 ton class launchers to support the US national vision for space exploration. Medium and large expendable launch providers, Boeing's Delta IV, and Lockheed-Martin's Atlas V Evolved Expendable Launch Vehicles are so expensive that the Delta no longer carries commercial payloads and the Atlas is unlikely to show significant growth without equally significant cost reductions and commercial traffic growth. This set of circumstances questions US dependence on these launch vehicles for national security purposes. High cost growth also exists with small launch vehicles, such as Pegasus, and the promising new field of small and microsatellites is little developed in the US, while foreign efforts, particularly European, are expanding largely on the availability of low-cost Russian boosters. One bright point is the emerging private sector, which is initially pursuing suborbital or small lift capabilities. Although such vehicles support very limited US Department of Defense or National Aeronautics and Space Administration spaceflight needs, they do offer potential technology demonstration stepping stones to more capable systems needed in the future of both agencies. This article outlines the issues and potential options for the US Government to address these serious shortcomings.
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the government’s monopoly on space travel is over
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The commercial market for launching telecoms spacecraft is tightly contested, but has become dominated by just a few companies - notably, Europe's Arianespace, which flies the Ariane 5, and International Launch Services (ILS), which markets Russia's Proton vehicle. SpaceX is promising to substantially undercut the existing players on price, and SES, the world's second-largest telecoms satellite operator, believes the incumbents had better take note of the California company's capability. 'The entry of SpaceX into the commercial market is a game-changer'
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The Tauri Group suggests that space startups turned a major corner in 2015, at least in the eyes of venture capital firms that are now piling money into young space companies with unprecedented gusto. ... he study also found that more than 50 venture capital firms invested in space companies in 2015, signaling that venture capital has warmed to a space industry it has long considered both too risky and too slow to yield returns.
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Companies that are developing small launch vehicles or who provide rideshare launch services say they expect new Chinese launch vehicles to drive down launch prices
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"We are going to do methane." Musk announced as he described his future plans for reusable launch vehicles including those designed to take astronauts to Mars within 15 years, "The energy cost of methane is the lowest and it has a slight Isp (Specific Impulse) advantage over Kerosene," said Musk adding, "And it does not have the pain in the ass factor that hydrogen has".
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Construction of the first prototype spaceship is in progress. 'We’re actually building that ship right now,' he said. 'I think we’ll probably be able to do short flights, short sort of up-and-down flights, probably sometime in the first half of next year.'
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Less than eight years after its maiden launch, the Falcon 9 booster has become the most dominant rocket in the world. Modern and efficient, no rocket launched more than the 70m Falcon 9 booster launched last year. Barring catastrophe, no rocket seems likely to launch more this year. In part, SpaceX has achieved this level of efficiency by bringing a Silicon Valley mindset to the aerospace industry. The company seeks to disrupt, take chances
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Due to the Block 5’s reusability, SpaceX has lowered the standard price of a Falcon 9 launch from $62 million to about $50 million. This move further strengthens SpaceX’s competitiveness in the commercial launch market. In fact, even at the $62 million price point, SpaceX was already starting to win contracts that would have previously gone to competitors such as Arianespace.
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a sense of urgency in Europe about the need to begin flying the Ariane 6 to become more competitive with the likes of SpaceX ... Like ArianeGroup, United Launch Alliance (ULA) has developed a new rocket with the intention to compete with SpaceX.
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Blue Origin’s McFarland said Blue Origin won’t let schedule disruptions with one payload impact the co-passenger in dual-launch missions, even if it means splitting the missions in two. “We are not going to [let this] hold back or delay a launch,” he said. “We are going for a cadence of up to eight times per year where we will launch. If we don’t have a second, we still go as a single. So that’s the plan, [with] the same price point for the launch service for the customer.”
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But the Falcon 9 is not just changing the way launch-vehicle providers do business; its reach has gone further, prompting satellite makers and commercial fleet operators to retool business plans in response to the low-cost rocket. In March 2012, Boeing announced the start of a new line of all-electric telecommunications spacecraft, the 702SP, which are designed to launch in pairs on a Falcon 9 v1.1. Anchor customers Asia Broadcast Satellite (ABS) of Hong Kong and Mexico's SatMex plan to loft the first two of four such spacecraft on a Falcon 9.... Using electric rather than chemical propulsion will mean the satellites take months, rather than weeks, to reach their final orbital destination. But because all-electric spacecraft are about 40% lighter than their conventional counterparts, the cost to launch them is considerably less than that for a chemically propelled satellite.
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But starting from SpaceX onward, it all became very different. What really changed, I think, is the cost of access. Prior to SpaceX, not only were launch vehicles expensive, but none of the prices were really known. So if you were an entrepreneur trying to focus, like Planet Labs or Spire, it was pretty daunting. There was no rule of thumb as to what it would cost you and what kind of schedule reliability you could expect.
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