Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

NASA awards Blue Origin, Northrop Grumman and Nanoracks with contracts to build space stations

by
December 2, 2021
in Trading News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Stocks stage big comeback Tuesday with S&P 500 finishing slightly higher after erasing 2% loss

Don’t be duped by doomsayers, JPMorgan says — the S&P 500 will rebound to 4,900. Here are 3 stocks it’s using to bet on a bounce

Concept art of a “Starlab” space station

Nanoracks

NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station.

Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO Destinations (CLD) project, the agency announced on Thursday.

Nanoracks won the largest individual award with an $160 million, while Blue Origin and Northrop Grumman received $130 million and $125.6 million, respectively.

Notably, private holding company Voyager Space is the majority shareholder of X.O. Markets, the parent company of Nanoracks.

NASA told CNBC earlier this year that the agency “received roughly about a dozen proposals” from a variety of companies for contracts under the project. With NASA planning to retire the International Space Station by the end of the decade, the CLD program represents an effort to turn to private companies for new space stations — with the space agency expecting to save more than $1 billion annually as a result.

Rather than build and own hardware itself, NASA has increasingly turned to public-private partnerships as a way to achieve its goals in space. The agency has had great success through this model in the past decade, with cargo and crew services provided via vehicles built by SpaceX and Northrop Grumman.

The agency does not expect to foot the entire bill for helping companies build new space stations, with NASA saying “the strategy has to work for both the government and the private sector” from an investment perspective.

A rendering of the “Orbital Reef” space station in orbit.

Blue Origin

Blue Origin previously unveiled its plan for a space station called “Orbital Reef” – in partnership with Sierra Space, Boeing, Redwire Space and Genesis Engineering. The companies plan to have the baseline configuration of Orbital Reef operational by 2027, which it will build into the next decade.

Nanoracks also announced plans to build a station called “Starlab” – partnering with Voyager and Lockheed Martin – and aims to be operational in orbit by 2027.

Northrop Grumman is building its own private space station, which the company says will initially support 4 astronauts and then expand to an 8 person crew.

Notably, Axiom Space – a company which already won a $140 million NASA contract to attach a habitable module to the ISS – did not bid for the CLD project. In a statement, Axiom said it “warmly congratulates the winners and looks forward to the shared vision of a thriving commercial network in LEO.”

ShareTweetPin

Related Posts

Stocks stage big comeback Tuesday with S&P 500 finishing slightly higher after erasing 2% loss

by
July 5, 2022
0

Stocks staged an afternoon rally on Tuesday as concerns about a possible recession in the U.S. weighed on investor sentiment...

Don’t be duped by doomsayers, JPMorgan says — the S&P 500 will rebound to 4,900. Here are 3 stocks it’s using to bet on a bounce

by
July 5, 2022
0

TipRanks Micron’s Outlook Misses the Mark, but the Stock Is a Buy, Says Raymond James Everyone is reeling from the...

Stocks stage big comeback Tuesday with S&P 500 finishing slightly higher after erasing 2% loss

by
July 5, 2022
0

Stocks fell on Tuesday as concerns about a possible recession in the U.S. weighed on investor sentiment. The Dow Jones...

Ray Dalio is having a good year with Bridgewater’s flagship fund gaining more than 30% so far

by
July 5, 2022
0

Bridgewater's flagship hedge fund has returned more than 30% through the first half of 2022 as elevated volatility created a...

30-Year Mortgage Rates Decrease to 5.50%

by
July 5, 2022
0

by Calculated Risk on 7/05/2022 03:56:00 PM Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates Decrease to...

Next Post

Goldman November Payrolls Preview

I’m 53, my wife is 54. Our $1.4 million retirement nest egg is 100% in equities and crypto. What should I do now for retirement?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Allbirds stock has plunged 50% in two months, now one top analyst says buy it

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com