Friday, November 15, 2024

Looks Like There's a Winner in the 1-ton Race

The what?  A couple of years ago there was buzz about who was going to emerge as the winner in a race of small launch vehicles; those that can carry one ton to low Earth orbit.  (In all mentions of "one ton", think metric tons. A metric ton is about 10% bigger than an imperial system ton; since a kg is 2.2lbs, 1000 kg is 2200 pounds - 2204.6 to be a bit more precise but for one ton payloads, 2200 is close enough.)

The leader in the smaller satellite launchers was Rocket Lab, but there are two knocks on them.  First, is the Electron booster they've been using for years doesn't lift a metric ton; it's more like 300kg class. The second knock is that they've been emphasizing work on their Neutron, a more direct competitor to the Falcon 9 in lifting capacity and improving costs by reusing parts of their boosters.  It appears a winner has emerged as other companies in the race fell away

One of the companies that was talked about as a contender was ABL Space. Founded in 2017, despite several attempts, they have yet to achieve orbit.  Their last attempt was in January of '23, and failed early in the mission.

Tuesday afternoon at 2:27 PM local time (6:27 PM EST), smallsat launcher ABL Space failed in its first attempt to put its RS1 rocket into orbit.  More than that, it was the first launch of their RS1.

"After liftoff, RS1 experienced an anomaly and shut down prematurely. The team is working through our anomaly response procedures in coordination with PSCA and the FAA," ABL said via Twitter 23 minutes after liftoff. (The acronyms refer to the Pacific Spaceport Complex-Alaska and the U.S. Federal Aviation Administration.)

They've been going through what seems to be a great deal of financial turmoil, laying off much of their staff and reorganizing.  This week they announced they intend to pursue the military market, missile defense in particular.

Another of the companies frequently mentioned in this race was Relativity Space.  They sorta kinda reached orbit in March of 2023 in what was referred to as "a successful failure" in the first flight of their Terran 1. 

"Successful Failure" is an odd turn of phrase that I borrowed from Eric Berger at Ars Technica.  By the things that count the most, the mission was a failure.  Terran-1 failed to reach orbit, after the second stage failed to ignite properly and stay lit.  Further, their chance of being the first rocket burning methane/oxygen to achieve orbit is pretty much over, barring some strange events happening to all the other engines and platforms.  

Berger argues that the mission was successful, proving out the most important aspects of the mission.  The first stage did a complete burn, going through Max Q (highest aerodynamic pressures on the vehicle) at about 80 seconds into the ascent and burning for over two minutes.  The 3D-printed booster stage seemed to perform completely nominally as did its nine 3D-printed engines.  That has to be a great relief to all involved.   

Still, they didn't make orbit.  Like Rocket Lab, they pivoted to a larger vehicle more in line with the Falcon 9, which they're calling the Terran-R.  

Relativity opted to pour its efforts into developing a larger rocket, the Terran R, sized to compete more directly with medium- and heavy-lift launchers like the Falcon 9, Vulcan, or New Glenn. But developing Terran R is a significantly more expensive undertaking, and while Relativity is well-capitalized with a valuation of nearly $4.3 billion, the company hasn't publicized a fundraising round since 2021. At that time, venture capital firms were more freewheeling with their investments in space startups. Relativity quietly raised an undisclosed amount of money last year, resulting in a slight decline in its valuation.

So who's left? The survivor and therefore apparent winner of the 1-ton race is Firefly Aerospace.  To put it succinctly:

The company's Alpha rocket has reached orbit on multiple occasions, and just this week Firefly announced that it completed a $175 million Series D fundraising round, resulting in a valuation of more than $2 billion. The 1-ton rocket wars are over: Firefly has won.

A Firefly Alpha rocket launched the Victus Nox mission for the U.S. Space Force on Sept. 14, 2023, 7:28 PM PDT from Space Launch Complex 2 West at Vandenberg Space Force Base, California. Credit: Firefly Aerospace.



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