By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Airbus forms joint venture in bid to replace International Space Station
News

Airbus forms joint venture in bid to replace International Space Station

News Room
Last updated: 2023/08/02 at 8:21 AM
By News Room
Share
6 Min Read
SHARE

Receive free Space industry updates

We’ll send you a myFT Daily Digest email rounding up the latest Space industry news every morning.

Airbus is forming a joint venture with US start-up Voyager to compete to build a replacement for the International Space Station, an internationally funded laboratory in space that is due to be decommissioned by the end of the decade.

The deal announced on Wednesday formalises the partnership unveiled in January on Voyager’s Starlab project and will see Airbus replace US defence company Lockheed Martin as its main industrial partner.

Starlab is one of the frontrunners in a race launched by Nasa four years ago to develop commercial alternatives to the ISS, which was launched 23 years ago and orbits some 420 kms above the earth.

The ISS is an international collaboration, funded by national space agencies from the US, EU, Canada, Japan and Russia. Since its launch it has hosted 258 astronauts and cosmonauts from 20 countries.

Among the other contenders in the race trying to build a replacement is Jeff Bezos’s Blue Origin, which is leading a consortium offering a 30,000 sq ft “ecosystem” of different habitats and services for industry, research and tourism.

Nasa has allocated $550mn to four consortiums in the first phase of the competition, which will examine the spacecraft design and the business cases of each contender. The US agency has insisted each be commercially viable.

Airbus’s entry into the contest may ease European concerns over the region’s access to a space habitat once the ISS is retired. It could also dampen potential criticism about European governments using taxpayer funds to pay US companies for access to commercial space stations. 

Jean-Marc Nasr, head of space systems at Airbus, said on Wednesday that the partnership “aligns the interests of both ourselves and Voyager and our respective space agencies”.

Airbus declined to disclose whether it would invest financially in a project that is expected to cost several billion dollars, and where there remains much uncertainty over the final demand for commercial services. The joint venture will be US-led, said Mike Schoellhorn, chief executive of Airbus Defence and Space.

Alongside Starlab and the Blue Origin consortium, Axiom Space is bidding to expand the module it already has attached to the ISS into a vehicle hosting activities from research to tourism and astronaut training. US defence and space company Northrop Grumman wants to build a platform that can be used for training or science projects.

Nasa is expected to choose at least two designs by around 2025, when it will agree firm service contracts — subject to certification — with the winner or winners. The prize is to secure an anchor contract from Nasa, which spends roughly $400mn a year doing research on the ISS, according to Voyager chair Dylan Taylor. 

But analysts estimate the operating costs of a commercial space station are likely to top $1bn a year, meaning the rivals will have to find other customers.

Many experts have raised questions about whether there will be sufficient commercial demand to sustain more than one privately funded station. A report published in 2017 by the Washington DC-based Science and Technology Policy Institute concluded that only under the most optimistic cost and revenue scenarios could the stations be commercially viable without sustained space agency support.

Since then, the report’s author, Keith Crane, has concluded that “private sector demand for goods and services from space has not really materialised”.

However, Taylor insisted that the market would accelerate once commercial stations were in operation. “We are very, very confident that the business plan closes. If you just take commercial business done on the ISS today that easily supports a single commercial space station,” he said. “If you fast forward the clock from 2023 to 2033 do you think there will be more commercial space activity or less?”

Schoellhorn was equally bullish. “Don’t forget about dual use, military use of space stations as well. If you put all that together we are pretty confident.”

Lockheed Martin’s replacement by Airbus as Voyager’s main industrial partner coincided with a change in Starlab’s planned design from an inflatable model based on Lockheed designs to a metallic structure.

In April, Airbus unveiled a concept for a slick sci-fi style space station called Loop. Elements of Loop would be incorporated into the new Starlab design, Schoellhorn said. 

Read the full article here

News Room August 2, 2023 August 2, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Yahoo Finance: Market Coverage, Stocks, & Business News

Watch full video on YouTube

How A Million Miles Of Undersea Cables Power The Internet — And Now AI

Watch full video on YouTube

Tesla bull Dan Ives talks why he’s still bullish, AT&T COO talks wireless competition

Watch full video on YouTube

Why The U.S. Is Running Out Of Explosives

Watch full video on YouTube

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

This article was written byFollowSeeking Alpha's transcripts team is responsible for the…

- Advertisement -
Ad imageAd image

You Might Also Like

News

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

By News Room
News

Aurubis AG (AIAGY) Q4 2025 Earnings Call Transcript

By News Room
News

A bartenders’ guide to the best cocktails in Washington

By News Room
News

C3.ai, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:AI) 2025-12-03

By News Room
News

Stephen Witt wins FT and Schroders Business Book of the Year

By News Room
News

Verra Mobility Corporation (VRRM) Presents at UBS Global Technology and AI Conference 2025 Transcript

By News Room
News

Zara clothes reappear in Russia despite Inditex’s exit

By News Room
News

U.S. Stocks Stumble: Markets Catch A Cold To Start December

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?