An artist impression of the Nyx capsule being developed by The Exploration Company.
An artist impression of the Nyx capsule being developed by The Exploration Company.
An artist impression of the Nyx capsule being developed by The Exploration Company.
An artist impression of the Nyx capsule being developed by The Exploration Company.

'DHL of Space': European startup's vision to offer low-cost delivery service to space


Sarwat Nasir
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  • Arabic

A French-German startup is attempting to develop the first European reusable space capsule that can deliver cargo to space stations.

The Exploration Company, founded in 2021, is trying to compete with established players like America's SpaceX and Northrop Grumman by offering a competitive price of $150 million per mission, with a payload capacity of 4,000kg of cargo from Earth to the space station.

SpaceX typically charges about $152 million per mission to send cargo and supplies.

“We are trying to develop spacecraft that will be more accessible, sustainable and lower cost upfront,” Mark Kirasich, vice president of the company’s US operations, told The National on Tuesday.

The company hopes to do a demonstration mission by next year, in which the Nyx vehicle would launch and dock with the International Space Station and return to Earth.

If successful, the company could compete for more than just the Cargo Resupply Services contract that Nasa awards, as other companies working on commercial space stations, such as the Axiom Space Station, will have similar needs.

  • In October, Jeff Bezos’ Blue Origin announced plans to build a private space station in Earth orbit, called Orbital Reef. Photo: Blue Origin
    In October, Jeff Bezos’ Blue Origin announced plans to build a private space station in Earth orbit, called Orbital Reef. Photo: Blue Origin
  • The interior design of Blue Origin's Orbital Reef space station. Photo: Blue Origin
    The interior design of Blue Origin's Orbital Reef space station. Photo: Blue Origin
  • Nanoracks unveiled plans of a commercial space station, called Starlab, that would aid efforts in scientific research and tourism. It has partnered with Voyager Space and Lockheed Martin to build its first free-flying space station. Photo: Nanoracks
    Nanoracks unveiled plans of a commercial space station, called Starlab, that would aid efforts in scientific research and tourism. It has partnered with Voyager Space and Lockheed Martin to build its first free-flying space station. Photo: Nanoracks
  • Space infrastructure company Axiom is planning to launch a commercial module to the International Space Station (ISS) that would become its own independent station once the ISS retires. Photo: Axiom Space
    Space infrastructure company Axiom is planning to launch a commercial module to the International Space Station (ISS) that would become its own independent station once the ISS retires. Photo: Axiom Space
  • Inside the cabin of the Axiom Station, large windows would offer crew views of the Earth. Photo: Axiom Space
    Inside the cabin of the Axiom Station, large windows would offer crew views of the Earth. Photo: Axiom Space
  • The interior of the Axiom Station. Photo: Axiom Space
    The interior of the Axiom Station. Photo: Axiom Space
  • Nasa has ambitious plans to build a station in the Moon’s orbit. Called the Lunar Gateway, the station would host astronauts before they land on the lunar surface, using a human landing system. Photo: Nasa
    Nasa has ambitious plans to build a station in the Moon’s orbit. Called the Lunar Gateway, the station would host astronauts before they land on the lunar surface, using a human landing system. Photo: Nasa
  • Rendering of International Lunar Research Station.
    Rendering of International Lunar Research Station.
  • Rendering of International Lunar Research Station.
    Rendering of International Lunar Research Station.

“What we want to do is fly multiple Nyx cargo missions, first to the International Space station, before its current planned retirement in 2030s,” said Mr Kirasich.

“Then begin flights to the new commercial low-Earth orbit destination of the space station.”

Mr Kirasich was recently appointed to spearhead the operations of the company’s US branch, which will work towards ensuring Nyx is Nasa-certified and finds opportunities in Nasa’s lunar mission programme called Artemis.

His wealth of experience is drawn from time spent being Nasa’s deputy associate administrator for Artemis Campaign Development, Orion spacecraft programme manager (the capsule that will take astronauts to the Moon) and senior director of human space flight at Jeff Bezos’s company Blue Origin.

“If you're going to develop what is generically called a visiting vehicle, either a cargo vehicle or a vehicle that brings people to space stations, you have to have a certification,” he said.

“This means somebody has looked at how you've developed the spacecraft, how you've tested the spacecraft, done test or demonstration flights and you receive a certification.

“And right now Nasa has the primary agency role that certifies spacecraft that visit space station, so we must be close to Nasa and throughout the certification process.”

'DHL of space'

The Nyx spacecraft's modular design allows for customisation to meet specific mission requirements, including accommodating various payload capacities and types of cargo.

The company's vision is to become the “DHL of space,” offering cost-effective and reusable spacecraft to provide easy and frequent delivery services to space.

By establishing regular flights, The Exploration Company aims to “democratise” space, enabling more organisations, both within and outside the space sector, to access space, unlike the current scenario where only a few companies dominate the market.

“Initially, our goal is to fly once a year, but we'd really like to ramp that up,” said Mr Kirasich.

“When you look at the traffic models for servicing the International Space Station and potential commercial low-Earth orbit destinations, it suggests a need for two or three cargo vehicles per year.

“We'll be competing with other providers, but we'd love to secure as much of that business as possible.”

With the ISS nearing retirement, several companies have announced plans to develop a commercial space station, such as Blue Origin, Lockheed Martin and Axiom Space.

Delivery services to the Moon

With renewed interest in the Moon by space agencies, the company is also planning to send vehicles to the Lunar Gateway – a planned station in lunar orbit that Nasa and its international partners are developing.

It says on its website that the vehicle can carry a 5,000kg payload capacity to the station at a price of $400 million.

“That's one of the key capabilities, if you will, is to get cargo back from the Moon because we're sending people there to do exploration and to bring back samples,” said Mr Kirasich.

“Our additional goal is also to eventually evolve the next (vehicle) into a crewed spacecraft so we can fly people up and down from the surface of the Earth to space.”

Providing services on the Moon is also an emerging market that companies are hoping to win contracts for.

In 2021, SpaceX won a $2.89 billion contract with Nasa to develop a Starship lander that would help their astronauts touchdown on the Moon.

Blue Origin won a $3.4 billion contract two years later to land Nasa astronauts on the lunar surface.

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115 Special programme for artists

25   Evacuation of injured and sick

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Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

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Leaderboard

15 under: Paul Casey (ENG)

-14: Robert MacIntyre (SCO)

-13 Brandon Stone (SA)

-10 Laurie Canter (ENG) , Sergio Garcia (ESP)

-9 Kalle Samooja (FIN)

-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)

'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

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Suggested picnic spots

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Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
 
Dubai
Kite Beach
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Safa Park
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Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

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Sand storm

  • Particle size: Larger, heavier sand grains
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Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

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England XI for second Test

Rory Burns, Keaton Jennings, Ben Stokes, Joe Root (c), Jos Buttler, Moeen Ali, Ben Foakes (wk), Sam Curran, Adil Rashid, Jack Leach, James Anderson

MATCH INFO

Everton 0

Manchester City 2 (Laporte 45 2', Jesus 90 7')

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%3Cp%3EMinisterial%20experience%3A%20Current%20Foreign%20Secretary.%0D%3Cbr%3E%0DWhat%20did%20she%20do%20before%20politics%3F%20Worked%20as%20an%20economist%20for%20Shell%20and%20Cable%20and%20Wireless%20and%20was%20then%20a%20deputy%20director%20for%20right-of-centre%20think%20tank%20Reform.%0D%3Cbr%3E%0DWhat%20does%20she%20say%20on%20tax%3F%20She%20has%20pledged%20to%20%22start%20cutting%20taxes%20from%20day%20one%22%2C%20reversing%20April's%20rise%20in%20National%20Insurance%20and%20promising%20to%20keep%20%22corporation%20tax%20competitive%22.%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Result:

1. Cecilie Hatteland (NOR) atop Alex - 31.46 seconds

2. Anna Gorbacheva (RUS) atop Curt 13 - 31.82 seconds

3. Georgia Tame (GBR) atop Cash Up - 32.81 seconds

4. Sheikha Latifa bint Ahmed Al Maktoum (UAE) atop Peanuts de Beaufour - 35.85 seconds

5. Miriam Schneider (GER) atop Benur du Romet - 37.53 seconds

6. Annika Sande (NOR) atop For Cash 2 - 31.42 seconds (4 penalties)

Updated: May 22, 2024, 8:35 AM