400: That’s about how many years old Japan’s Hirosaki Castle is. It’s also how many tons it weighs. And yet it was successfully lifted two feet in the air and 230 feet down the road.
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$2 billion rocket company merger could create giant SpaceX rival
United Launch Alliance is a joint-venture between Lockheed Martin and Boeing that launches spy and navigation satellites for the Pentagon and Air Force. Now, the firm is the subject of a $2 billion bid from engine business Aerojet Rocketdyne, a company that’s been snubbed in its attempts to power the Atlas V. If the government’s shadowy army of intelligence analysts and accountants approve the deal, it could create a new aerospace behemoth that could leave Elon Musk shivering out in the cold.
As Reuters explains, ULA has one of the best reliability records in the industry but charges a high price for each launch. The firm’s been using cheap, Russian-made rocket engines, but that’s now gone out of the window since the US imposed a trade ban on the country following the occupation of Crimea. The business is believed to be looking at Jeff Bezos’ Blue Origin as a supplier of US-made engines, something that might have prompted Aerojet’s bid.
Another problem for ULA is that Elon Musk’s SpaceX is doing its best to break what’s seen as an old boy’s club in the aerospace business. Musk himself has complained publicly that ULA was handed plum Air Force contracts at a time when SpaceX has been bringing the cost of rocketry down. There’s also been political pressure to use wholly-American components, something else that SpaceX can be smug about when it goes looking for deals. If, however, the deal goes through, and the early signs are positive, then these smaller private spaceflight companies might find themselves left on the doorstep.
[Image Credit: Getty]
Filed under:
Transportation, Science
Source: Reuters
Tags: AerojetRocketdyne, AirForce, Boeing, NASA, Pentagon, PrivateSpaceflight, SpaceX, ULA, UnitedLaunchAlliance
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Why Google Is Going All In On Diabetes
Google made a name for itself with search technology, but it has dabbled in moonshot projects like self-driving cars. Now the company’s life science unit is looking for better diabetes treatments.
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Honeybee Heists A New Reality In A Time Of Colony Collapse
Thieves are hijacking hives and renting the bees and their queens out to farmers to pollinate their crops. With the global collapse of the bee population, the crime is becoming even more lucrative.
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Harvard Law Professor Crowdfunds $1 Million, Launches Presidential Bid
Lawrence Lessig is running on a singular platform. If elected, he vows to expand voting access, ban gerrymandering and institute campaign finance reform — then resign.
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China spent $236B on its stock market bailout
China’s central government has spent 1.5 trillion yuan ($236 billion) in its attempt to prop up the country’s plunging stock market, estimates Goldman Sachs.
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Baltimore Reaches $6.4 Million Settlement Proposal With Freddie Gray Family
Gray suffered a fatal spine injury while in custody of police. His death sparked days of peaceful protests and a night of riots. The deal still has to be approved by the Board of Estimates.
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