ULA and Astrobotic Join Forces to Launch, Countdown Capital Ceases Operations

All eyes are on United Launch Alliance and Pittsburgh-based startup Astrobotic this week, with the two companies gearing up for inaugural missions with huge stakes. The launch features two firsts: the first flight of ULA’s Vulcan Centaur rocket, and the first time Astrobotic is attempting to put hardware on the moon. If Astrobotic is successful, it would be the first time a private company has put a spacecraft on the moon. Countdown Capital, an early-stage venture capital firm focused on hard tech industrial startups, will shut down by the end of March and return uninvested capital, firm founder and solo general partner Jai Malik said in an annual letter. In addition to the ULA/Astrobotic launch mentioned above, this past week also saw the launch of the first six Starlink satellites equipped for direct-to-cell connectivity.

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By the time you read this, United Launch Alliance will have hopefully launched its Vulcan Centaur rocket for the first time, and Astrobotic’s Peregrine lander will be on its way to the moon. More on the mission below.

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All eyes are on United Launch Alliance and Pittsburgh-based startup Astrobotic this week, with the two companies gearing up for inaugural missions with huge stakes. (NB: This was written on Friday; by the time you read this, the launch will have already taken place. Godspeed!)

The launch features two firsts: the first flight of ULA’s Vulcan Centaur rocket, and the first time Astrobotic is attempting to put hardware on the moon. If Astrobotic is successful, it would be the first time a private company has put a spacecraft on the moon. The lander is slated to touch down on the lunar surface in late February.

What is a scoop, pray tell?

A scoop refers to an exclusive piece of news that’s broken by a single journalist or organization.

Countdown Capital, an early-stage venture capital firm focused on hard tech industrial startups, will shut down by the end of March and return uninvested capital, firm founder and solo general partner Jai Malik said in an annual letter.

In the letter, which was viewed by TechCrunch, Malik says he concluded the firm would be unlikely to realize excess returns consistently based on capital limitations and swelling competition from large incumbents.

The three-year-old firm’s sudden closure suggests that there are stronger headwinds for early-stage hard tech funds than the overtly optimistic narratives about “building for America” might suggest.

In addition to the ULA/Astrobotic launch mentioned above, this past week also saw the launch of the first six Starlink satellites equipped for direct-to-cell connectivity. It’s a big milestone for the company: The satellites will act as “cell phone towers in space,” according to Starlink’s website, and it represents the start of a major expansion to Starlink’s satellite internet offerings.

SpaceX plans on commencing testing this year; the company told regulators that the tests would eventually involve 840 satellites transmitting 4G connectivity to around 2,000 unmodified smartphones. Assuming all the tests go according to plan, the company said that texting will become available this year, with voice and data services starting in 2025 (though it’s important to note that SpaceX will need regulatory approval before commencing commercial service).

Ars Technica’s Stephen Clark dives into the kind of production cadence SpaceX’s Starship program might need to hit to make a Mars settlement a reality:

For SpaceX to build a self-sustaining Mars civilization, it would need to manufacture and launch thousands of Starship flights. Assuming price reductions to $5 million per flight, the cost of sending one million metric tons of cargo and 100 people to Mars works out to about $5 trillion, Musk estimated.

That kind of extraction would be 40 times faster than the existing airline industry, he said. And Musk would need to create a sustained infrastructure around which thousands of flights could be dispatched, with each vehicle requiring a propellant refill, each day. These are enormous numbers.

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Zara Khan

Zara Khan is a seasoned investigative journalist with a focus on social justice issues. She has won numerous awards for her groundbreaking reporting and has a reputation for fearlessly exposing wrongdoing.

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