My pet company
I like SpaceDev
. I have followed them for a long time, though i do not and have never owned any stock in it. It's one of those great idea companies that I came across and never got around to investing in. I have no idea how it's doing.
But I check in now and then and I follow the news. They've made their biggest mark by winning the hybrid rocket money from Scaled Composites
, the likely leader in the X-prize race. The money from space at this point is largely generated at the vendor level, it seems to me. The SpaceDev business model still excites me and to see them hooking up with the big names in space privatization is great.
So this article
on SpaceDaily.com is another great example of SpaceDev's vision if not their profitability. At this point it is still clear that SpaceDev is making most of its money by doing odd jobs and getting study grants like this nonbinding almost meaningless statement of intent implies are coming. This kind of stuff is not really breaking news in the business world, and for good reason.
That said, it is good to see my favorite little startup continuing to push its vision and putting a good face up. This is at least an indicator that providing Scaled Composits with hybrid rockets (and beating their decent competition for the contract) has boosted their credibility. That is a good sign, even if my narrow and uninformed view of it turns out to have nothing to do with the real reasons and meaning to this latest press release.
I can't begin to guess at what those might be (if you're an expert on such things, feel free to comment) but it seems to be reasonable to think what I do: that this is a subtle public bit of vouching for SpaceDev by NASA. The "Dream Chaser" rocket is a fine vision but it is just that. This wouldn't be the first fledgling space vendor that NASA threw a bone to in the press. It is important to everyone that these companies are established as viable and not run by amateur crackpots. That's as important right now as is the likelihood that NASA will ever be ordering "Dream Chasers" by the dozen. They won't, at least not for a long long time.
Anyway, I just felt like posting about something besides politics news...
posted by M@ at 6:40 PM