Rocket Report: NASA delays Artemis again; SpinLaunch spins a little cash

Anne Thompson

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Welcome to Edition 7.22 of the Rocket Report! The big news is the Trump administration's announcement that commercial astronaut Jared Isaacman would be put forward as the nominee to serve as the next NASA Administrator. Isaacman has flown to space twice, and demonstrated that he takes spaceflight seriously. More background on Isaacman, and possible changes, can be found here. As always, we welcome reader submissions, and if you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar.

Orbex pauses launch site work in Sutherland, Scotland. Small-launch vehicle developer Orbex will halt work on its own launch site in northern Scotland and instead use a rival facility in the Shetland Islands, Space News reports. Orbex announced December 4 that it would "pause" construction of Sutherland Spaceport in Scotland and instead use the SaxaVord Spaceport on the island of Unst in the Shetlands for its Prime launch vehicle. Orbex had been linked to Spaceport Sutherland since the UK Space Agency announced in 2018 it selected the site for a vertical launch complex. Pivoting to medium lift? ... The move, Orbex said, will free up resources to allow the company to focus on launch vehicle development, including both Prime and a new medium-class vehicle called Proxima. "This decision will help us to reach first launch in 2025 and provides SaxaVord with another customer to further strengthen its commercial proposition. It’s a win-win for UK and Scottish space," Phil Chambers, chief executive of Orbex, said. If you're reading the tea leaves here, one might guess that the smaller Prime rocket will never launch, and the medium-lift design is a hail mary. We'll see. (submitted by Ken the Bin) SpinLaunch raises a little cash. Space startup SpinLaunch is fundraising again, though TechCrunch reports that it was exploring raising a significantly more ambitious sum earlier this year. The company has closed an $11.5 million round out of a planned $25 million, according to a filing with the US Securities and Exchange Commission. SpinLaunch confirmed funding to TechCrunch but did not comment on the amount raised. It last raised $71 million in a Series B funding round in 2022. SpinLaunch, as the name implies, plans to build a kinetic launch system as a low-cost, high-cadence alternative to rockets. Putting the spin into SpinLaunch ... A person familiar with the company’s plans told TechCrunch that the startup had talked to investors around nine months ago, hoping they would pile into a $350 million round at a $2 billion valuation. In response to a question about this fundraising target, SpinLaunch CEO David Wrenn said the figures were "highly inaccurate and misleading" and that he was "pleased with our recently closed financing." Someone is spinning something, clearly. (submitted by Ken the Bin) Vega C successfully returns to flight. After originally targeting November 29 for the return-to-flight mission of the Vega C rocket, Arianespace successfully launched the vehicle on Thursday, December 5, Space News reports. The three solid-fuel lower stages of the Vega C performed as expected, followed by three burns by the liquid-propellant AVUM+ upper stage. That upper stage deployed its payload, the Sentinel-1C satellite, about one hour and 45 minutes after liftoff. The launch was the first for the Vega C since a December 2022 launch failure on the rocket’s second flight that destroyed two Pléiades Neo imaging satellites. Eyes in the sky ... The payload, Sentinel-1C, is a radar imaging satellite built by Thales Alenia Space for the Copernicus program of Earth observation missions run by ESA and the European Commission. It replaces the Sentinel-1B spacecraft that malfunctioned in orbit nearly three years ago. It joins the existing, but aging, Sentinel-1A satellite and includes new capabilities to monitor maritime traffic with an Automatic Identification System receiver. PLD Space secures loan for Miura 5 rocket. The Spanish launch company said this week that it had secured an 11 million euro loan ($11.6 million) from COFIDES, a state-owned development fund, to support the development of the launch site for its Miura 5 rocket in Kourou, French Guiana. The company said the funding bolsters its mission to ensure autonomous and competitive European access to space while strengthening Europe's space infrastructure. A public-private partnership ... "This initiative exemplifies the critical role of public-private collaboration in supporting strategic and innovative projects, which rely on institutional backing as an anchor investor during the early stages of technological development," added Spanish Secretary of State for Trade Amparo López Senovilla. The Miura 5 rocket will have an estimated payload capacity of 1 metric ton to low-Earth orbit and may make its debut in 2026. (submitted by Ken the Bin)

SpaceX value may soar higher. SpaceX is in talks to sell insider shares in a transaction valuing the rocket and satellite maker at about $350 billion, according to people familiar with the matter, Bloomberg reports. That would be a significant premium to a previously mulled valuation of $255 billion as reported by Bloomberg News and other media outlets just last month. SpaceX was last valued at about $210 billion in a tender offer earlier this year. A big post-election bump ... The current conversations are ongoing, and the details could change depending on interest from insider sellers and buyers, sources told the publication. The potential transaction would cement SpaceX’s status as the most valuable private startup in the world and rival the market capitalizations of some of the largest public companies. SpaceX has established itself as the industry’s preeminent rocket launch provider, lofting satellites, cargo, and people to space for NASA, the Pentagon, and commercial partners, and is building out a large network of Starlink satellites providing Internet service. (submitted by Ken the Bin) China debuts a new medium-lift rocket. China's new Long March 12 rocket made a successful inaugural flight Saturday, placing two experimental satellites into orbit and testing uprated, higher-thrust engines that will allow a larger Chinese launcher in development to send astronauts to the Moon. The Long March 12 is the newest member of China's Long March rocket family, which has been flying since China launched its first satellite into orbit in 1970, Ars reports. Rocket likely to be used for megaconstellation deployment ... Like all of China's other existing rockets, the Long March 12 configuration that flew Saturday is fully disposable. At the Zhuhai Airshow earlier this month, China's largest rocket company displayed another version of the Long March 12 with a reusable first stage but with scant design details. The Long March 12 is powered by four kerosene-fueled YF-100K engines on its first stage, generating more than 1.1 million pounds, or 5,000 kilonewtons, of thrust at full throttle. These engines are upgraded, higher-thrust versions of the YF-100 engines used on several other types of Long March rockets. (submitted by EllPeaTea and Ken the Bin) Falcon 9 rocket reaches some remarkable milestones. About 10 days ago, SpaceX launched a batch of Starlink v2-mini satellites from Kennedy Space Center in Florida on a Falcon 9 rocket, marking the 400th successful mission by the Falcon 9 rocket. Additionally, it was the Falcon program's 375th booster recovery, according to SpaceX. Finally, with this mission, the company shattered its record for turnaround time from the landing of a booster to its launch to 13 days and 12 hours, down from 21 days, Ars reports. A rapidly reusable shuttle ... All told, in November, SpaceX launched 16 Falcon 9 rockets. The previous record for monthly launches by the Falcon 9 rocket was 14. SpaceX is on pace to launch 135 or more Falcon 9 and Falcon Heavy missions this year. That is a meaningful number, because over the course of the three decades it flew into orbit, NASA's space shuttle flew 135 missions. The space shuttle was a significantly more complex vehicle, and unlike the Falcon 9 rocket, humans flew aboard it during every mission. However, there is some historical significance in the fact that the Falcon rocket may fly as many missions in a single year as the space shuttle did during its lifetime. Long March 3B hits a milestone. China launched a new communication engineering test satellite early Tuesday with its workhorse Long March 3B rocket. This added to a series of satellites potentially for undisclosed military purposes, Space News reports. The launch was, notably, the 100th of the workhorse Long March 3B. First time to the century marker ... The rocket has performed 96 successful launches with two failures and two partial failures. The first launch, in February 1996 carrying Intelsat 708, infamously saw the rocket veer off course shortly after clearing the tower and impacting a nearby village. Developed by the state-run China Academy of Launch Vehicle Technology, the three-stage and four-liquid-booster rocket is the only Chinese launcher to reach 100 launches. (submitted by Ken the Bin)

NASA delays Artemis launches again. In a news conference Thursday, NASA officials discussed changes to the timeline for future Artemis missions due to problems with Orion's heat shield. The agency announced it is now targeting April 2026 for Artemis II (from September 2025) and mid-2027 for Artemis III (from September 2026). NASA said it now understands the technical cause of the heat shield issues observed during the Artemis I flight in late 2022 and will fly the heat shield as-is on Artemis II, with some changes to the reentry profile. This may not be the final plan ... The timing of this news conference was interesting, as there will be a changing of administrations at NASA in the coming weeks. The Trump administration has put forward commercial astronaut Jared Isaacman to lead NASA, and as Ars reported Thursday, there are likely some significant shakeups coming in the Artemis program. One possibility is that the Space Launch System rocket could be scrapped, with commercial rockets used to fly the Artemis missions.