Perigee Aerospace sustainable rocket launches into the NewSpace era | CPT PPP Coverage

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by cryptopolytech.com

The barriers to entry in the space industry remain high, even though it’s been some time since the beginning of the so-called NewSpace era, led by private companies such as SpaceX.

Thanks to the enormous value of the satellite industry, there’s a high demand for vehicles capable of launching satellites, but the supply is limited due to the correspondingly high technical barriers. This is why many companies wait years and pay millions or tens of millions of dollars to launch their satellites. Additionally, it’s difficult to get satellites to their desired orbits, as many companies’ satellites are massed on one large launch vehicle to reduce costs.

Perigee Aerospace saw an opportunity for innovation: providing customized launch vehicles and launch services for an increasingly small and diverse satellite constellation. Reducing the size of launch vehicles and dramatically lowering launch costs would lower the barriers to entry in the satellite business.

Perigee’s Blue Whale 1 launch vehicle, currently under development, can deliver 440- to 1,100-pound satellites to low Earth orbit. The company’s current goal is to use this launch vehicle to target domestic South Korean demand with the advantages of domestic launch and low launch costs, then expand into the small-launch-vehicle market in Southeast Asia and Europe.

“To succeed in the NewSpace era, a dramatic reduction in launch costs is essential, and many companies are developing launch vehicles with differentiating features to reduce these costs,” says Eunkwang Lee, VP of propulsion at Perigee Aerospace. “We are working together to develop key technologies to lower production costs, including value-added components, internalized manufacturing capabilities, and launch-vehicle reuse technologies. For example, at Perigee’s Okcheon Rocket Development Complex, we are building carbon-fiber composite tanks that can withstand cryogenic and high-pressure environments using autoclaves and additive manufacturing facilities.”