Commercial Spaceflight And The Dawning Age of NewSpace

Archive for January, 2014

Sierra Nevada Completes Dream Chaser Incremental Critical Design Review | Parabolic Arc

See on Scoop.itThe NewSpace Daily

SPARKS, Nev., January 30, 2014 (SNC PR) – Sierra Nevada Corporation (SNC) announces the completion of the Dream Chaser® Incremental Critical Design Review (CDR) with the completion of Milestone 10a under its Commercial Crew Integrated Capability (CCiCap) agreement with NASA.

 

Mark N. Sirangelo, corporate vice president and head of SNC’s Space Systems made the announcement at the Annual Reliability and Maintainability Symposium (RAMS®) during his keynote address. RAMS is the premier event in the reliability, availability, and maintainability engineering disciplines. The RAMS event attracted hundreds of safety and reliability practitioners and engineering leaders from around the world.

 

See on www.parabolicarc.com

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Proposed California Tax Break Would Benefit SpaceX, Space Companies | Parabolic Arc

See on Scoop.itThe NewSpace Daily

The California State Assembly passed a 10-year tax exemption on Wednesday that would exempt SpaceX and other commercial space companies in the state from paying property taxes on their spacecraft and properties.

 

“With this bill, California can incubate and grow this exciting new industry and create thousands of good paying manufacturing jobs right here in our state,” said state Assemblyman Al Muratsuchi (D-Torrance), who authored the bill.

 

“I introduced this bill to clarify the tax code as it relates to this new industry so that companies like SpaceX can have the legal certainty they need to make major infrastructure investment decisions and avoid unnecessary litigation,” he added.

 

The measure will now go to the State Senate.

 

See on www.parabolicarc.com


California may give tax breaks to SpaceX, other space travel firms

See on Scoop.itThe NewSpace Daily

Commercial space-exploration companies may end up with a big tax break if they call California their home.

 

The state Assembly passed a bill Wednesday that would exempt private-sector space-travel companies such as SpaceX from paying property taxes on their spacecrafts and properties, a potential boost to help offset the costs of running their expensive missions.

 

The 10-year exemption would be part of an overarching effort by lawmakers to bring new life to California’s aerospace industry.

 

See on news.cnet.com


SpaceX may get California tax break

See on Scoop.itThe NewSpace Daily

California’s state Assembly passed a bill Wednesday that would give companies like Hawthorne-based SpaceX a big tax break.

 

AB 777, authored by Assemblymember Al Muratsuchi (D-Torrance), classifies rocket ships built by private space exploration companies as business inventory and hence, exempt from property taxes.

 

The Assembly passed AB 777 by a 68 to 5 vote with support from Democrats and Republicans.

 

See on www.dailybreeze.com


Plans for Spaceport America Visitors Center Scaled Back | Parabolic Arc

See on Scoop.itThe NewSpace Daily

Facing a tight budget and uncertain start-up schedule, the New Mexico Spaceport Authority has scaled back a $20 million plan to build a visitor’s center at Spaceport America and a welcome center in Truth or Consequences (TorC).

 

The new $7.5 million plan would include the $6 million welcome center in TorC  where tourists would gather to board buses for Spaceport America. The planned $13 million visitor’s center at the spaceport would be replaced with a $1.5 million hangar until the authority could afford to build something more elaborate.

 

NMSA Executive Director Christine Anderson said she would ask the Legislature for $1.5 million to fund the hangar. The authority would seek a $6 million loan for the welcome center in TorC.

 

See on www.parabolicarc.com


Tax Intended to Fund Spaceport America Construction Now Funding Operations | Parabolic Arc

See on Scoop.itThe NewSpace Daily

The delay in the start of Virgin Galactic flights has forced the New Mexico Spaceport Authority to partially fund operations of Spaceport America from a gross receipts tax originally approved to pay for the facility’s construction. It’s a practice one state senator now wants to end but which the spaceport’s management says is essentially to keeping the lights on.

 

See on www.parabolicarc.com


Bill would halt spending of leftover Spaceport America tax money

See on Scoop.itThe NewSpace Daily

LAS CRUCES — A state senator from Las Cruces introduced a bill Wednesday that would halt Spaceport America gross receipts tax money going to prop up Spaceport Authority operations.

 

Republican state Sen. Lee Cotter said his proposal, SB 172, would realign spaceport spending practices to match voters’ intentions in Doña Ana and Sierra counties when they imposed the spaceport tax upon themselves.

 

New Mexico Spaceport Authority Executive Director Christine Anderson defended the spending, saying it’s been signed off on by local elected officials and is an important source of money for the $212 million spaceport as it gets off the ground.

 

See on www.lcsun-news.com