Start Date
26-4-1989 3:00 PM
Description
Space projects have been experiencing crippling difficulties in getting access to private capital markets. As launch operations move from public management to the tougher 'real world 1 , competition will generate increased access to space, better launch operations and lower project costs. These changes will dramatically improve the cash flow projections and risks of space projects, enabling them to gain access to capital.
This paper will give examples of how launch delays can devastate the rate of return on a project. It will also illustrate how fast turnaround can be used to reduce costs and the effect of competition on payload prices.
Paper Session II-B - Commercial Launch Services - The key to the Capital Markets for Space Projects
Space projects have been experiencing crippling difficulties in getting access to private capital markets. As launch operations move from public management to the tougher 'real world 1 , competition will generate increased access to space, better launch operations and lower project costs. These changes will dramatically improve the cash flow projections and risks of space projects, enabling them to gain access to capital.
This paper will give examples of how launch delays can devastate the rate of return on a project. It will also illustrate how fast turnaround can be used to reduce costs and the effect of competition on payload prices.
Comments
Commercial Space Transportation
Session Chairman: Norman C. Bowles, Associate Director for Licensing Programs, Office of Commercial Space Transportation, Department of Transportation (DOT), Washington, D.C.
Session Organizer: Jerry Vick, Space Station Support Office, Payload Management and Operations Directorate, NASA KSC