Spaceports – Emerging Business Models

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Presentation transcript:

Spaceports – Emerging Business Models Janet K. Tinoco, PhD and Chunyan Yu, PhD, College of Business Business Models Commercial/ Government Launch Sites Commercial Space Transportation Activities Include Business model drivers are many and inter-related. e.g. Cecil Spaceport, Mojave Air and Space Port Airports to air and space ports e.g. Spaceport America; Blue Origin-West Texas Greenfield spaceport e.g. Wallops Flight Center/Mid-Atlantic Regional Spaceport (MARS) National space and military bases Payload ISS Crew Transportation Space Travel & Tourism Space Mining Spaceport Infrastructure Requirements Launch pads & landing pad Runways(≥ 12,000ft), taxiway & ramp area Mission control centers Air control towers Hanger storage facilities Processing facilities Propellant storage facilities Oxidizer storage areas Fuel loading areas Ground support facilities Payload processing facilities Passenger facilities Emergency facilities Revenue Sources Lease Launch, User & Operation Services, including “FBO” type services Other Revenues (tourism, events, etc.) Launch Concepts Takeoff: Vertical, rocket powered; capsule separation Landing: Reusable rocket vertical return; capsule free flight; floats down with parachutes Suborbital/ Orbital: Suborbital Manned/ Unmanned: Both Challenges Concept A Infrastructure Time and capital requirements for spaceport infrastructure development Licensing Application Time and financial requirements for spaceport licensing application Competiveness Spaceports highly competitive Anchor tenant/Purpose Loss of anchor tenant or lack of focus/purpose Progress New Mode of Transportation Both private investors and government entities are increasingly looking to commercial space transportation as the new 6th mode of transportation Takeoff: Vertical takeoff and landing, rocket powered; capsule separation Landing: Reusable rocket vertical return; capsule vertical return Suborbital/ Orbital: Orbital Manned/ Unmanned: Both Concept B 2015 Estimated Revenue for Commercial Launches Takeoff: Horizontal, jet powered with integrated rocket in single stage-to-space Landing: Glide or jet powered Suborbital/ Orbital: Suborbital Manned/ Unmanned: Manned Concept X Takeoff: Horizontal, Rocket powered ignition on ground and rocket power throughout flight Landing: Glide Suborbital/ Orbital: Suborbital Manned/ Unmanned: Manned Concept Y Takeoff: Horizontal, jet powered carrier aircraft (spacecraft - rocket powered) Landing: Glide or expendable Suborbital/ Orbital: Both Manned/ Unmanned: Both Concept Z Source: FAA The Annual Compendium of Commercial Space Transportation, 2016