DOCSLIB.ORG

Supporting Commercial Space Development Part 1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Supporting Commercial Space Development Part 1 Supporting Commercial Space Development Supporting Commercial Space Development Part 1: Support Alternatives versus Investor Risk Perceptions & Tolerances November 2010 This report, “Supporting Commercial Space Development Part 1: Support Alternatives versus Investor Risk Perceptions & Tolerances” was developed with government funding under Contract Order Number NNH11CD08D awarded by the National Aeronautics and Space Administration and may be released by NASA in whole or in part. The views expressed in this report are those of Near Earth LLC and may not reflect the views of the National Aeronautics and Space Administration or the United States Government. Part 1 1 of 228 Supporting Commercial Space Development “When a new frontier is opened, the new territory always looks vast, empty, hostile, and unrewarding. It is always dangerous to go there, and almost impossible to live there in loneliness and peril. The technological capacities of the time are always taxed to the utmost in dealing with the new environment. The explorations require huge investments of both public and private funds, and the returns are always hazardous at first…The organization, capital, and equipment required for the first exploratory efforts are so large that people tend at first to think only in terms of governmental and military actions; and only later do they conceive the new territory as simply an extension of their present territory and their present economy….an effort of prophetic imagination is what is required of us as citizens, so that we will not…leave the making of the future to others.” - Ralph J. Cordiner, Chairman of General Electric Company, 1961 CONTACT INFORMATION For parties wishing to learn more about the report described herein, additional information can be made available. Near Earth LLC 380 Lexington Avenue, 17th Floor New York, NY 10016 www.nearearthllc.com Hoyt Davidson John Stone Ian Fichtenbaum Managing Partner Partner Associate (212) 551-7960 (646) 290-7796 (646) 290-7794 [email protected] [email protected] [email protected] Part 1 2 of 228 Supporting Commercial Space Development Table of Contents 1 INTRODUCTION .........................................................................................................7 1.1 AUTHORS’ QUALIFICATIONS ..............................................................................................9 1.2 METHOD AND APPROACH .............................................................................................. 10 1.3 DEFINITION OF “COMMERCIAL SPACE” .............................................................................. 13 1.4 SUMMARY OF NASA OBJECTIVES ..................................................................................... 15 1.5 SUMMARY OF REPORT SECTIONS ...................................................................................... 15 2 FINDINGS, CONCLUSIONS & OPTIONS ....................................................................... 18 2.1 FINDINGS ................................................................................................................... 18 2.1.1 INVESTOR RISK PERCEPTION 18 2.1.2 INVESTOR INTEREST IN SPACE 19 2.1.3 LESSONS LEARNED FROM PRIOR INVESTMENTS 20 2.1.4 NASA’S COMMERCIAL SPACE SUPPORT PROGRAMS 23 2.2 CONCLUSIONS & OPTIONS ............................................................................................. 24 2.2.1 IMPROVING PERCEPTIONS 25 2.2.2 FOSTERING INNOVATION 27 2.2.3 SUPPORTING TECHNOLOGY DEVELOPMENT 28 2.2.4 DEMONSTRATING NEW CAPABILITIES 29 2.2.5 VALIDATING MARKETS 30 2.2.6 ENHANCING CAPITAL FORMATION 31 3 RISKS ....................................................................................................................... 33 3.1 TECHNICAL RISKS ......................................................................................................... 34 3.1.1 DEVELOPING NEW TECHNOLOGIES 34 3.1.2 DIFFICULTY OF MANUFACTURING AND INTEGRATING SPACE SYSTEMS 35 3.1.3 TECHNICAL OBSOLESCENCE RISK 35 3.1.4 LAUNCH, OPERATIONAL, AND RE-ENTRY RISKS 36 3.2 MARKET RISKS ............................................................................................................ 37 3.2.1 MARKET SIZE 38 3.2.2 MARKET QUALITY AND RELIABILITY 39 3.2.3 MARKET DEVELOPMENT TIMING 41 3.2.4 MARKET LONGEVITY 41 3.2.5 MARKET UNCERTAINTY 42 3.3 FINANCIAL RISKS .......................................................................................................... 42 3.3.1 MAGNITUDE OF CAPITAL REQUIRED 43 Part 1 3 of 228 Supporting Commercial Space Development 3.3.2 TIMING OF CAPITAL REQUIREMENTS 44 3.3.3 INVESTMENT HORIZON AND LIQUIDITY 46 3.3.4 FINANCIAL PROJECTION UNCERTAINTY 48 3.3.5 RETURN ON INVESTMENT 49 3.4 COMPETITIVE RISKS ...................................................................................................... 49 3.4.1 AMOUNT OF COMPETITION 50 3.4.2 NATURE OF COMPETITION 51 3.4.3 BARRIERS TO ENTRY 52 3.5 POLITICAL AND REGULATORY RISKS .................................................................................. 53 3.5.1 GOVERNMENT POLICY & SPACE BUDGETS 54 3.5.2 REGULATORY REQUIREMENTS AND COMPLIANCE COSTS 55 3.6 PERCEPTION RISKS ....................................................................................................... 57 3.7 EXECUTION AND OPERATING RISKS .................................................................................. 59 3.7.1 MANAGEMENT QUALITY 59 3.7.2 AVAILABILITY OF QUALIFIED EMPLOYEES 60 3.8 RISKS INHERENT IN OPERATING IN SPACE ............................................................................ 60 4 INVESTORS .............................................................................................................. 62 4.1 FOUNDERS, FRIENDS & FAMILY ....................................................................................... 63 4.1.1 DESCRIPTION 63 4.1.2 TYPICAL INVESTMENTS 64 4.1.3 HOW NASA CAN HELP 64 4.1.4 RISK MAPPING 65 4.2 ANGELS AND ANGEL GROUPS .......................................................................................... 66 4.2.1 DESCRIPTION 66 4.2.2 TYPICAL INVESTMENTS 66 4.2.3 HOW NASA CAN HELP 67 4.2.4 RISK MAPPING 68 4.3 SPACE CAPITALISTS: HIGH NET WORTH SPACE ENTHUSIASTS .................................................. 69 4.3.1 DESCRIPTION 69 4.3.2 TYPICAL INVESTMENTS 70 4.3.3 HOW CAN NASA HELP 70 4.3.4 RISK MAPPING 71 4.4 VENTURE CAPITAL INVESTORS ......................................................................................... 72 4.4.1 DESCRIPTION 72 4.4.2 TYPICAL INVESTMENTS 72 4.4.3 HOW CAN NASA HELP 75 4.4.4 RISK MAPPING 76 4.5 PRIVATE EQUITY INVESTORS ........................................................................................... 77 4.5.1 DESCRIPTION 77 Part 1 4 of 228 Supporting Commercial Space Development 4.5.2 TYPICAL INVESTMENTS 78 4.5.3 HOW CAN NASA HELP 81 4.5.4 RISK MAPPING 83 4.6 STRATEGIC CORPORATE INVESTORS ................................................................................... 84 4.6.1 DESCRIPTION 84 4.6.2 TYPICAL INVESTMENTS 84 4.6.3 HOW CAN NASA HELP 86 4.6.4 RISK MAPPING 86 4.7 INVESTOR RISKS COMPARED ............................................................................................ 87 5 INVESTMENTS .......................................................................................................... 88 5.1 SELECT COMMERCIAL SPACE AND SATELLITE DEALS ................................................................ 88 5.1.1 SIGNIFICANT COMMERCIAL SATELLITE FINANCINGS 88 5.1.2 SIGNIFICANT COMMERCIAL SPACE FINANCINGS 89 5.2 CASE STUDIES ............................................................................................................. 91 5.2.1 ROTARY ROCKET 91 5.2.2 ORBITAL RECOVERY 93 5.2.3 BLASTOFF! 97 5.2.4 NEAP (A PROJECT OF SPACEDEV) 100 5.2.5 ORBITAL SCIENCES 102 5.2.6 IOSTAR 105 5.2.7 BEAL AEROSPACE 107 5.2.8 X-33/VENTURESTAR 109 5.2.9 SPACEX 112 5.2.10 KISTLER AEROSPACE (ALSO ROCKETPLANE KISTLER) 114 5.2.11 DC-X 120 5.2.12 SPACEHAB 123 5.2.13 XM SATELLITE RADIO (NOW SIRIUS XM RADIO, INC.) 130 5.2.14 GEOEYE (FORMERLY ORBIMAGE & SPACE IMAGING) 136 6 CURRENT SUPPORT ACTIVITIES ............................................................................... 142 6.1 NASA CONTRACTS ..................................................................................................... 142 6.2 COOPERATIVE AGREEMENT GRANTS ............................................................................... 147 6.3 FUNDED STUDIES ........................................................................................................ 149 6.4 NASA TECHNOLOGY DEMO MISSIONS ............................................................................. 150 6.5 SPACE ACT AGREEMENTS ............................................................................................. 153 6.6 PATENT LICENSE ........................................................................................................ 157 6.7 ENHANCED USE LEASE ................................................................................................. 159 6.8 CRADAS ................................................................................................................. 161 6.9 SBIR/STTR .............................................................................................................. 162 Part 1 5 of 228 Supporting Commercial Space Development 6.10 IPP SEED FUND ......................................................................................................... 165 6.11 CENTENNIAL CHALLENGES ...........................................................................................
Load more

Recommended publications
  • Read > the SPAC Explained
    MAY Perspectives 2021 The SPAC Explained The SPAC once again rose to prominence in 2020 and momentum has continued to build this year. By mid-March 2021, the number of SPACs raised had already eclipsed the total raised in 2020. The term SPACs has taken over the lexicon of those on Wall Street. SPACs, special-purpose acquisition companies, are shell companies set up to raise money to acquire another, existing company. They are essentially pools of capital that are listed on an exchange. The goal is to find a private Derek Schmidt, CFA, company to buy, effectively taking the acquired company public much quicker CAIA than via the traditional IPO process. SPAC vehicles have been around for decades Director of Private Equity but have recently risen in popularity as experienced investors and management teams have chosen this route to decrease the risks associated with a traditional initial public offering (IPO). HOW SPACS WORK A SPAC is a newly-formed company that uses a combination of IPO proceeds and additional financing to fund the acquisition of an Initial Business Combination (IBC). Sponsors who put money at risk in a SPAC receive founder shares and Joe McGuane, CFA Senior Research Analyst, warrants for their investment. The SPAC can also identify an investor or a group Alternatives of investors to provide additional capital in exchange for a private investment in public equity (PIPE) if needed. The proceeds raised for the IPO are placed in a trust account and invested in U.S. Treasury Bills while the SPAC’s management team seeks to complete an acquisition.
    [Show full text]
  • Preface Patrick Besha, Editor Alexander Macdonald, Editor in The
    EARLY DRAFT - NASAWATCH.COM/SPACEREF.COM Preface Patrick Besha, Editor Alexander MacDonald, Editor In the next decade, NASA will seek to expand humanity’s presence in space beyond the International Space Station in low-Earth orbit to a new habitation platform orbiting the moon. By the late 2020’s, astronauts will live and work far deeper in space than ever before. The push to cis-lunar orbit is part of a stepping-stone approach to extend our reach to Mars and beyond. This decision to explore ever farther destinations is a familiar pattern in the history of American space exploration. Another major pattern with historical precedent is the transition from public sector exploration to private sector commercialization. After the government has developed and demonstrated a capability in space, whether it be space-based communications or remote sensing, the private sector has realized its market potential. As new companies establish a presence, the government withdraws from the market. In 2015, we are once again at a critical stage in the development of space. The most successful long-term human habitation in space, orbiting the Earth continuously since 1998, is the International Space Station. Currently at the apex of its capabilities and the pinnacle of state-of-the-art space systems, it was developed through the investments and labors of over a dozen nations and is regularly re-supplied by cargo delivery services. Its occupants include six astronauts and numerous other organisms from Earth’s ecosystems from bacteria to plants to rats. Research is conducted on the spacecraft from hundreds of organizations worldwide ranging from academic institutions to large industrial companies and from high-tech start-ups to high-school science classes.
    [Show full text]
  • 230157325.Pdf
    NewSpace 2012: New Profits, New Products, NewSpace July 2012, Hyatt Regency, Santa Clara, CA The Space Frontier Foundation’s annual conference is the most important commercial space conference in the nation. This is the fourth year the conference has been in Silicon Valley and we are pleased to continue holding the world’s most stimulating commercial space conference here. The NewSpace market is undergoing rapid expansion, similar to the Internet explosion of the 1990’s, due to efficient business practices, a wide spectrum of technology, and almost prescient investors. Thursday, July 26, 2012 – Developing Products and Demands Thursday is packed with an exciting line up of speakers and panelists. We will examine different models of partnerships that lead to new services and products in the “Nurturing New Ideas” panel. We also highlight the space activities that are being pursued right now in the “Not Your Traditional Commercial Crew and Cargo” panel, as well as the efforts by individuals and private citizens to make space relevant to everyone in the “Democratizing Space” panel. We also bring back the NASA Center Director panel by popular demand, and don’t miss the SpaceX sponsored STEM panel featuring Bill Nye. Friday, July 27, 2012 – Supply Lines to Space Profits On Friday we will start of with exploring where opportunities abound for new space space business oppor- tunities. We kick-off with a panel on “Space Investment: Building a Viable Industry” where we will discuss the challenges and rewards of starting a new space business. The “NewSpace Business Plan Competition” will build on this theme and the 10 finalists will present their business plans to a panel of experienced judges and hope they walk away with the $100,000 first prize.
    [Show full text]
  • The Ultimate Guide for Startups in Nyc Now the Question Arises
    NYCNYCCITY BEAT THE ULTIMATE GUIDE FOR STARTUPS IN NYC NOW THE QUESTION ARISES... OUT OF ALL CITIES, WHY NYC? SHAI GOLDMAN SAYS ON QUORA There are roughly 1,000 startups that are currently active. About 400 of those are VC backed (including seed funded).The other 600 are “ bootstrapped / self-funded. MAPPEDINNY HAS ABOVE 100 COMPANIES THAT ARE HIRING NY TECH MEETUP HAS OVER 34,000 MEMBERS SUPPORTING THE NEW YORK TECHNOLOGY COMMUNITY. AND MOST IMPORTANTLY WSJ RECENTLY REPORTED THAT THE NEW YORK STARTUPS DOUBLED 2XIN THE LAST TWO DECADES! AND IF YOU ARE STILL THINKING... “WHY NYC?” JUST CHECK THIS AWESOME INFOGRAPHIC FROM US CLICK TO VIEW ONLY THIS TIME WE HAVE A DIFFERENT MOTIVE “WE WANT TO HELP YOU” ONLY THIS TIME WE HAVE A DIFFERENT MOTIVE “WE WANT TO HELP YOU” WE WANT TO GIVE YOU THE GUIDE YOU NEED TO HAVE BEFORE STARTING UP IN NYC Welcome to NYC! THE LAND WHERE STARTUPS BREATHE INNOVATION STARTING WITH THE MAJOR LOCATIONS YOU COULD CHOOSE TO SET UP YOUR STARTUP BRONX FLATIRON DISTRICT CHELSEA MEATPACKING DISTRICT LONG ISLAND CITY SOHO EAST VILLAGE LOWER MANHATTAN NYC BROOKLYN BUT BEFORE YOU SET UP AN OFFICE SPACE YOU NEED TWO IMPORTANT CONTACTS YOU ABSOLUTELY CAN’T DO WITHOUT BUT BEFORE YOU SET UP AN OFFICE SPACE YOU NEED TWO IMPORTANT CONTACTS YOU ABSOLUTELY CAN’T DO WITHOUT LEGALS BANKS HERE’S A LIST OF 5 NYC BASED LAWYERS WHO LOVE TO HELP STARTUPS WITH LEGAL ISSUES ADAM DINOW ROMAN R. FICHMAN SELIM DAY STEVEN L. BAGLIO DAVID L. CONCANNON Wilson Sonsini and TheLegalist WilsonSonsini Gunderson Orrick Rosati Dettmer Click to know why
    [Show full text]
  • Dr. Wagner Vendrame CV
    W. Vendrame ________________________________________________________________________ Wagner A. Vendrame Professor, Environmental Horticulture Department Institute of Food and Agricultural Sciences University of Florida 2043 IFAS Research Dr., Gainesville, Fl 32611 Phone: 352-273-4500 (office), 786-202-0040 (cell) Email: [email protected] Website: http://hort.ufl.edu/faculty-profiles/wagner-vendrame/ EDUCATION University of Georgia Horticulture Ph.D. 1998 University of São Paulo Plant Physiology & Biochemistry M.S. 1994 University of São Paulo Agronomic Engineering B.S. 1987 EMPLOYMENT 2020-Present Professor and Assistant Chair, Environmental Horticulture Department, Gainesville, FL 2013-2020 Professor, Environmental Horticulture Department, Tropical Research and Education Center, University of Florida, Homestead, FL 2007-2013 Associate Professor, Environmental Horticulture Department, Tropical Research and Education Center, University of Florida, Homestead, FL 2001-2007 Assistant Professor, Environmental Horticulture Department, Tropical Research and Education Center, University of Florida, Homestead, FL 1998-2001 Post-Doctoral Associate, D. B. Warnell School of Forest Resources University of Georgia, Athens, GA RESEARCH ASSIGNMENT (60%) RESEARCH Improved Production and Conservation of Plants using Macro and Micropropagation, Bioreactor Technology, and Cryopreservation. 1 W. Vendrame ________________________________________________________________________ • Current research responsibilities include production and conservation of plants
    [Show full text]
  • SPEAKERS TRANSPORTATION CONFERENCE FAA COMMERCIAL SPACE 15TH ANNUAL John R
    15TH ANNUAL FAA COMMERCIAL SPACE TRANSPORTATION CONFERENCE SPEAKERS COMMERCIAL SPACE TRANSPORTATION http://www.faa.gov/go/ast 15-16 FEBRUARY 2012 HQ-12-0163.INDD John R. Allen Christine Anderson Dr. John R. Allen serves as the Program Executive for Crew Health Christine Anderson is the Executive Director of the New Mexico and Safety at NASA Headquarters, Washington DC, where he Spaceport Authority. She is responsible for the development oversees the space medicine activities conducted at the Johnson and operation of the first purpose-built commercial spaceport-- Space Center, Houston, Texas. Dr. Allen received a B.A. in Speech Spaceport America. She is a recently retired Air Force civilian Communication from the University of Maryland (1975), a M.A. with 30 years service. She was a member of the Senior Executive in Audiology/Speech Pathology from The Catholic University Service, the civilian equivalent of the military rank of General of America (1977), and a Ph.D. in Audiology and Bioacoustics officer. Anderson was the founding Director of the Space from Baylor College of Medicine (1996). Upon completion of Vehicles Directorate at the Air Force Research Laboratory, Kirtland his Master’s degree, he worked for the Easter Seals Treatment Air Force Base, New Mexico. She also served as the Director Center in Rockville, Maryland as an audiologist and speech- of the Space Technology Directorate at the Air Force Phillips language pathologist and received certification in both areas. Laboratory at Kirtland, and as the Director of the Military Satellite He joined the US Air Force in 1980, serving as Chief, Audiology Communications Joint Program Office at the Air Force Space at Andrews AFB, Maryland, and at the Wiesbaden Medical and Missile Systems Center in Los Angeles where she directed Center, Germany, and as Chief, Otolaryngology Services at the the development, acquisition and execution of a $50 billion Aeromedical Consultation Service, Brooks AFB, Texas, where portfolio.
    [Show full text]
  • XXIX Congress Report XXIX Planetary Congress • Austria • 2016 Photos: OEWF
    XXIX Congress Report XXIX Planetary Congress • Austria • 2016 Photos: OEWF 1 John-David Bartoe, 2 Alexander Ivanchenkov, 3 Ulrich Walter, 4 Gerhard Thiele, 5 Georgi Iva- nov, 6 Yuri Gidzenko, 7 Bertalan Farkas, 8 Kevin Ford, 9 Pavel Vinogradov, 10 Charlie Walker, 11 Kimiya Yui, 12 Anatoli Artsebarskii, 13 Shannon Lucid, 14 Reinhold Ewald, 15 Claudie Haigneré, 16 Joe Acaba, 17 Ernst Messerschmid, 18 Jan Davis, 19 Franz Viehbock, 20 Loren Shriver, 21 Miroslaw Hermaszewski. 22 Sultan bin Salman al-Saud, 23 Yang Liwei, 24 Richard Garriott, 25 Mark Brown, 26 Carl Walz, 27 Bill McArthur, 28 Owen Garriott, 29 Anna Fisher, 30 George Zam- ka, 31 Rick Hieb, 32 Jerry Ross, 33 Alexander Volkov, 34 André Kuipers, 35 Jean-Pierre Haign- eré, 36 Toktar Aubakirov, 37 Kay Hire, 38 Michael Fincke, 39 John Fabian, 40 Pedro Duque, 41 Michael Foreman, 42 Sergei Avdeev, 43 Vladimir Kovolyonok, 44 Alexandar Aleksandrov, 45 Alexander Alexandrov, 46 Drew Feustel, 47 Dumitru Prunariu, 48 Alexei Leonov, 49 Rusty Sch- weickart, 50 Klaus-Dietrich Flade, 51 Anton Shkaplerov, 52 Alexander Samokutyaev, 53 Sergei Krikalev, 54 Viktor Savinykh, 55 Soichi Noguchi, 56 Bonnie Dunbar, 57 Vladimir Aksyonov, 58 Scott Altman, 59 Yuri Baturin, 60 Susan Helms, 61 Ulf Merbold, 62 Stephanie Wilson, 63 Chiaki Mukai, 64 Charlie Camarda, 65 Julie Payette, 66 Dick Richards, 67 Yuri Usachev, 68 Michael Lo- pez-Alegria, 69 Jim Voss, 70 Rex Walheim, 71 Oleg Atkov, 72 Bobby Satcher, 73 Valeri Tokarev, 74 Sandy Magnus, 75 Bo Bobko, 76 Helen Sharman, 77 Susan Kilrain, 78 Pam Melroy, 79 Janet Kavandi, 80 Tony Antonelli, 81 Sergei Zalyotin, 82 Frank De Winne, 83 Alexander Balandin, 84 Sheikh Muszaphar, 85 Christer Fuglesang, 86 Nikolai Budarin, 87 Salizhan Sharipov, 88 Vladimir Titov, 89 Bill Readdy, 90 Bruce McCandless II, 91 Vyacheslav Zudov, 92 Brian Duffy, 93 Randy Bresnik, 94 Oleg Artemiev XXIX Planetary Congress • Austria • 2016 One hundred and four astronauts and cosmonauts from 21 nations gathered Oc- tober 3-7, 2016 in Vienna, Austria for the XXIX Planetary Congress of the Associa- tion of Space Explorers.
    [Show full text]
  • Philadelphia Investment Trends Report
    Venture impact Technology investment in the Greater Philadelphia region Trends and highlights, January 2008 to June 2013 Innovation, investment and opportunity On behalf of EY, Ben Franklin Technology Partners of Southeastern Pennsylvania and the Greater Philadelphia Alliance for Capital and Technologies (PACT), we are pleased to present this review 421 companies of technology investment trends and highlights in the Greater Philadelphia region. $4.1 billion The technology investment community in the Greater Philadelphia region includes a wide variety of funding sources supporting a diverse array of companies and industry sectors. In this report, Total investment since we’ve analyzed more than a thousand investment rounds and January 2008 exits that occurred in the Philadelphia region since 2008 – including investments from venture capital fi rms (VCs), angel investors (Angels), corporate/strategic investors, seed funds, accelerators and other sources of funding. As shown in this report, 2012 reversed a post-recession slowdown in venture funding in Greater Philadelphia, and to date, 2013 has brought a welcome increase in the amount of new funds available at regional investment fi rms. These are positive signs for our region’s technology companies, as are the increasing number of exits via IPO and acquisition, which serve as further validation of the investment opportunities created by our region’s growing technology sector. We encourage you to explore this report, and we hope that it will provide useful insights into the current state of
    [Show full text]
  • Investor Book (PDF)
    INVESTOR BOOK EDITION OCTOBER 2016 Table of Contents Program 3 Venture Capital 10 Growth 94 Buyout 116 Debt 119 10 -11 November 2016 Old Billingsgate PROGRAM Strategic Partners Premium Partners MAIN STAGE - Day 1 10 November 2016 SESSION TITLE COMPANY TIME SPEAKER POSITION COMPANY Breakfast 08:00 - 10:00 CP 9:00 - 9:15 Dr. Klaus Hommels Founder & CEO Lakestar CP 9:15 - 9:30 Fabrice Grinda Co-Founder FJ Labs 9:35 - 9:50 Dr. Klaus Hommels Founder & CEO Lakestar Fabrice Grinda Co-Founder FJ Labs Panel Marco Rodzynek Founder & CEO NOAH Advisors 9:50 - 10:00 Chris Öhlund Group CEO Verivox 10:00 - 10:10 Hervé Hatt CEO Meilleurtaux CP Lead 10:10 - 10:20 Martin Coriat CEO Confused.com Generation 10:20 - 10:30 Andy Hancock Managing Director MoneySavingExpert K 10:30 - 10:45 Carsten Kengeter CEO Deutsche Börse Group 10:45 - 10:55 Carsten Kengeter CEO Deutsche Börse Group FC Marco Rodzynek Founder & CEO NOAH Advisors CP 10:55 - 11:10 Nick Williams Head of EMEA Global Market Solutions Credit Suisse 11:10 - 11:20 Talent 3.0: Science meets Arts CP Karim Jalbout Head of the European Digital Practice Egon Zehnder K 11:20 - 11:50 Surprise Guest of Honour 11:50 - 12:10 Yaron Valler General Partner Target Global Mike Lobanov General Partner Target Global Alexander Frolov General Partner Target Global Panel Shmuel Chafets General Partner Target Global Marco Rodzynek Founder & CEO NOAH Advisors 12:10 - 12:20 Mirko Caspar Managing Director Mister Spex 12:20 - 12:30 Philip Rooke CEO Spreadshirt CP 12:30 - 12:40 Dr.
    [Show full text]
  • Commercial Orbital Transportation Services
    National Aeronautics and Space Administration Commercial Orbital Transportation Services A New Era in Spaceflight NASA/SP-2014-617 Commercial Orbital Transportation Services A New Era in Spaceflight On the cover: Background photo: The terminator—the line separating the sunlit side of Earth from the side in darkness—marks the changeover between day and night on the ground. By establishing government-industry partnerships, the Commercial Orbital Transportation Services (COTS) program marked a change from the traditional way NASA had worked. Inset photos, right: The COTS program supported two U.S. companies in their efforts to design and build transportation systems to carry cargo to low-Earth orbit. (Top photo—Credit: SpaceX) SpaceX launched its Falcon 9 rocket on May 22, 2012, from Cape Canaveral, Florida. (Second photo) Three days later, the company successfully completed the mission that sent its Dragon spacecraft to the Station. (Third photo—Credit: NASA/Bill Ingalls) Orbital Sciences Corp. sent its Antares rocket on its test flight on April 21, 2013, from a new launchpad on Virginia’s eastern shore. Later that year, the second Antares lifted off with Orbital’s cargo capsule, (Fourth photo) the Cygnus, that berthed with the ISS on September 29, 2013. Both companies successfully proved the capability to deliver cargo to the International Space Station by U.S. commercial companies and began a new era of spaceflight. ISS photo, center left: Benefiting from the success of the partnerships is the International Space Station, pictured as seen by the last Space Shuttle crew that visited the orbiting laboratory (July 19, 2011). More photos of the ISS are featured on the first pages of each chapter.
    [Show full text]
  • How Different Parameters Affect the Downlink Speed
    Linköping University | IDA Bachelor Thesis | Computer and Information Science Spring 2016| LIU-IDA/LITH-EX-G—16/071--SE How Different Parameters Affect the Downlink Speed Martin Claesson Lovisa Edholm Handledare/Tutor, Niklas Carlsson Examinator, Nahid Shahmehri Abstract Today many societies rely on fast mobile networks, and the future seem to place even larger demand on the networks performance. This thesis analyzes which parameters af- fects the downlink speed of mobile networks. Various statistical analyses are performed on a large dataset provided by Bredbandskollen. We find that parameters such as the in- ternet service provider, the type of phone, the time of day and the density of population affect the downlink speed. We also find that the downlink speeds are significantly higher in urban areas compared to more rural regions. Acknowledgments Thanks to Rickard Dahlstrand at .SE for sharing the Bredbandskollen dataset, without the dataset this study would not have been possible. Thanks to our supervisor Niklas Carlsson for all the great guidance in this project. We would also like to thank our Tim Lestander and Jakob Nilsson for proof reading our thesis as well as providing us with helpful feedback during the process. iii Contents Abstract ii Acknowledgments iii Contents iv List of Figures v List of Tables vi 1 Introduction 2 1.1 Contributions . 3 1.2 Thesis outline . 4 2 Related Work 5 3 Method 6 3.1 The dataset . 6 3.2 Linear regression . 7 4 Results 9 4.1 Urban and rural areas . 9 4.2 Phones and tablets . 10 4.3 Time of day .
    [Show full text]
  • Following the Path That Heroes Carved Into History: Space Tourism, Heritage, and Faith in the Future
    religions Article Following the Path That Heroes Carved into History: Space Tourism, Heritage, and Faith in the Future Deana L. Weibel Departments of Anthropology and Integrative, Religious, and Intercultural Studies, Grand Valley State University, Allendale, MI 49401, USA; [email protected] Received: 29 November 2019; Accepted: 28 December 2019; Published: 2 January 2020 Abstract: Human spaceflight is likely to change in character over the 21st century, shifting from a military/governmental enterprise to one that is more firmly tied to private industry, including businesses devoted to space tourism. For space tourism to become a reality, however, many obstacles have to be overcome, particularly those in finance, technology, and medicine. Ethnographic interviews with astronauts, engineers, NASA doctors, and NewSpace workers reveal that absolute faith in the eventual human occupation of space, based in religious conviction or taking secular forms, is a common source of motivation across different populations working to promote human spaceflight. This paper examines the way faith is expressed in these different contexts and its role in developing a future where space tourism may become commonplace. Keywords: anthropology; tourism; spaceflight; NASA; heritage; exploration 1. Introduction Space tourism is an endeavor, similar to but distinctly different from other forms of space travel, that relies on its participants’ and brokers’ faith that carrying out brave expeditions, modeled on and inspired by those in the past, will ultimately pay off in a better future for humankind. Faith, in this case, refers to a subjective sense that a particular future is guaranteed and may or may not have religious foundations. This faith appears to be heightened by the collective work undertaken by groups endeavoring to send humans into space, creating a sense of what anthropologists Victor and Edith Turner have described as communitas, a shared feeling of equality and common purpose.
    [Show full text]