Bankrupt Intelsat Files Restructuring
Plan to Halve Debt (Source: Bloomberg)
Intelsat SA, the bankrupt satellite company, reached an agreement with
some of its creditors on a plan that would hand ownership to unsecured
bondholders and halve its debt load. The Virginia-based company filed a
plan to cut its debt to $7 billion. The proposal has the support of
creditors holding about $3.8 billion of its obligations, according to a
statement, suggesting holders of about 25% of debt have agreed to the
plan. The Intelsat Jackson unit’s unsecured bondholders would take
control of the new company by converting their holdings to new shares,
according to court papers. (2/12)
First ULA Vulcan Rocket Arrives at
Cape Canaveral Spaceport for Pathfinder Ops (Source: SpaceFlight
Insider)
Progress continues to advance for United Launch Alliance’s newest
rocket, as the pathfinder for the Vulcan rocket arrived by the
company’s cargo ship and was unloaded at the Cape Canaveral Spaceport
on Feb. 13. A nearly flight capable booster, the Pathfinder Tanking
Test (PTT) booster will be used for checkouts of the new rocket’s
Ground Support Equipment, as well as launch and integration hardware.
While visiting the pad, the PTT will also undergo a full cryogenic
tanking test to verify the booster’s flight pressure integrity. While
the booster is currently fitted with static fired test engines that are
no longer flight capable, the PTT Booster itself will eventually fly
next year, following a refit to flight engines. (2/13)
Virginia Congressman to Chair House
Space Subcommittee (Source: Space News)
Rep. Don Beyer (D-VA) is the new chair of the House Science Committee’s
space subcommittee. Other Democratic members of the subcommittee:
Lofgren (CA), Bera (CA), Sherman (CA), Perlmutter (CO), Crist (FL) and
Norcross (NJ). (2/12)
OSIRIS-REx Plans Last Survey of Bennu
Asteroid (Source: TIME)
OSIRIS-REx has been station-keeping with Bennu since October, drifting
away but continuing to survey its surface. OSIRIS-REx is now planning
one more valedictory sweep over the asteroid, coming as close as 250 km
in March to observe the asteroid's poles and equatorial region
throughout its 4.3-hour rotation. The spacecraft will finally bid
farewell on May 10, firing its engine for a two-plus year journey back
to Earth that will culminate in a touchdown on the flatlands of the
Utah Test and Training Range on Sept. 24, 2023. Only then will
scientists get their hands on the precious samples that were the
mission's greatest purpose. (2/13)
Space Weather Threat Needs Funding (Source:
TIME)
In 1989, a solar storm caused a temporary loss of power across Quebec,
for instance, and in 2012, a solar eruption that could have caused 20
times more disruption than Hurricane Katrina flew just wide of Earth.
The good news is that the Promoting Research and Observations of Space
Weather to Improve the Forecasting of Tomorrow (PROSWIFT) Act was
signed into law in October, mustering NASA, the National Science
Foundation, the Department of Defense and NOAA to join forces and
assets to mount an intensive solar monitoring program. The bad news is
that the funding is not yet in place for the program. (2/13)
Mars Shows the Best of Humanity
(Source: TIME)
We go to other worlds not to find food or minerals or cures for
diseases. We go to find knowledge—about how those worlds formed, how
their chemistry unfolds, what kind of evolutionary arc they're on. Yes,
that can teach us something about our own world, and that may help us
down the road as we battle challenges like climate change. (Take a look
at Venus if you want to see what a runaway greenhouse effect looks
like.)
But mostly we go simply because we want to go—we choose to go, as
President John F. Kennedy put it. And when we want something, when we
choose something, we often succeed at doing it. Witness the breakneck
speed with which we invented vaccines this year simply because the need
and the will was there. Witness how we've mustered our front line
workers to care for our sick, because it would be a moral crime not to
do so.
Yes, we're fractious. Yes, we're foolish. Yes, we're greedy. Yes, we're
warlike. But we're wise and brilliant and inventive too. You can see it
in our hospitals; you can see it in our pharmaceutical labs; you can
see it everywhere on this planet where we're rising to the occasion to
care for one another. (2/13)
Local Spaceport Taxes Were Not
Properly Spent, Attorney General's Office Says (Source: Las
Cruces Sun-News)
Elected officials who have argued for years that excess revenues
generated from local gross receipts taxes for Spaceport America got
some backup this week from the New Mexico Attorney General's
Office. In December, the board of directors governing Spaceport
America agreed to ask the state Attorney General's office to review
proposed changes to its bylaws, as well as the tax controversy,
following the termination of the spaceport's director last fall.
Without providing a formal legal opinion, the office on Wednesday
offered some advice to the Economic Development Department, which
oversees the New Mexico Spaceport Authority. Chief Counsel Matt Baca
addressed the letter to Economic Development Secretary Alicia Keyes,
who also chairs the Spaceport Authority. The letter affirms that
procurement of goods and services falls under the authority of the NMSA
— rather than the executive director — whose duties under New Mexico's
Spaceport Development Act are "limited to the hiring of staff and day
to day operation" of the spaceport.
That includes managing the procurement process and reporting to the
board as the decision-making authority, Baca wrote. An investigative
audit report in November concluded that former director Dan Hicks had
exceeded his authority, evading internal controls and expending his
budget as he pleased. Hicks was terminated by the board in October.
Baca wrote, that 75 percent of local GRT (currently collected by Sierra
and Doña Ana counties) must be used for "the financing, planning,
designing, engineering and construction of a regional spaceport," while
the other 25 percent may be retained by the local government for its
use. (2/13)
Appointment of ISRO Chief's Son Raises
Eyebrows (Source: Free Press Journal)
A complaint has been filed with the Central Vigilance Commission (CVC)
over allegations of irregularities in recruiting Indian Space Research
Organization (ISRO) chairman and secretary, Dept of Space (DoS), Dr K
Sivan Sivan’s son S Sidharth in ISRO’s Liquid Propulsion Systems Center
(LPSC) in Valiamala, Thiruvananthapuram. The CVC subsequently
registered the complaint, setting into motion a preliminary process,
according to media reports.
The complaint alleges Sidharth’s recruitment was not just a case of
conflict of interest, but also a case of “favoritism and conspiracy to
benefit the secretary DoS and Chairman ISRO (Sivan) and his son”. The
complainant has named LPSC director Dr V Narayanan who allegedly showed
haste in the appointment anticipating a transfer to Vikram Sarabhai
Space Center. Dr Narayanan is a rocket propulsion expert who joined
ISRO in 1984 and has been LPSC director since January 2018. The
petition also states Dr Narayanan was in a hurry to fill the post as Dr
Sivan was then supposed to retire on January 14 (his tenure was
subsequently extended). (2/14)
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