Cosmic Girl, a Boeing 747 modified to launch satellites, on the tarmac at Spaceport Cornwall. Bloomberg
Cosmic Girl, a Boeing 747 modified to launch satellites, on the tarmac at Spaceport Cornwall. Bloomberg
Cosmic Girl, a Boeing 747 modified to launch satellites, on the tarmac at Spaceport Cornwall. Bloomberg
Cosmic Girl, a Boeing 747 modified to launch satellites, on the tarmac at Spaceport Cornwall. Bloomberg

Spaceport Cornwall: UK’s first space mission set for lift off after licence granted


Gillian Duncan
  • English
  • Arabic

The first space launch from UK soil has been approved for lift off as Spaceport Cornwall has secured an operating licence.

The Civil Aviation Authority (CAA) said the site in Newquay, south-west England, can be used for sending satellites into space.

The first mission, the launch of Virgin Orbit's modified Boeing 747 Cosmic Girl, which will carry eight shoebox-sized satellites, is expected in the coming weeks.

CAA chief executive Richard Moriarty described the awarding of the first spaceport licence in the UK as a "historic moment".

"We're proud to be playing our part in facilitating the UK's space ambitions through assessing the safety, security and other requirements of these activities," he said.

"This is another major milestone to enable this country to become a leading launch nation."

A window for the Virgin Orbit flight opened on October 29 and the team was aiming for take-off before the middle of this month but failed to secure the licence in time.

The 747 will take off horizontally while carrying the rocket, before releasing it at 35,000ft over the Atlantic Ocean to the south of Ireland.

The plane will return to the spaceport, while the rocket will ignite its engine and take multiple small satellites into orbit with a variety of civil and defence applications.

The mission, which has been given the title Start Me Up in tribute to British band The Rolling Stones, will mark the launch of the first satellites into space from Europe.

Virgin Orbit ‘Cosmic Girl’ – in pictures

  • The Virgin Orbit Cosmic Girl – a modified Boeing plane carrying a LauncherOne rocket under its wing – is prepared for launch at Mojave Air and Space Port, California in 2021. All photos: AFP
    The Virgin Orbit Cosmic Girl – a modified Boeing plane carrying a LauncherOne rocket under its wing – is prepared for launch at Mojave Air and Space Port, California in 2021. All photos: AFP
  • A photographer takes pictures of Cosmic Girl as it takes off from Mojave
    A photographer takes pictures of Cosmic Girl as it takes off from Mojave
  • The LauncherOne rocket, which will release from the wing of the Boeing 747 before ignition, contains small research satellites for Nasa's Educational Launch of Nanosatellites 20 mission
    The LauncherOne rocket, which will release from the wing of the Boeing 747 before ignition, contains small research satellites for Nasa's Educational Launch of Nanosatellites 20 mission
  • A shot of the Virgin Orbit Cosmic Girl from below
    A shot of the Virgin Orbit Cosmic Girl from below
  • Cosmic Girl releases a rocket in mid-air when the plane reaches a target altitude
    Cosmic Girl releases a rocket in mid-air when the plane reaches a target altitude
  • The aircraft returns to the runway and the rocket carries the satellite payloads into low-Earth orbit
    The aircraft returns to the runway and the rocket carries the satellite payloads into low-Earth orbit

Satellites produced in the UK previously had to be sent to foreign spaceports for launching.

The satellites will perform a variety of tasks for customers, including Oman and the US and UK militaries, such as monitoring illegal fishing off the coast of the UK.

Another will investigate ways to manufacture products in orbit, rather than on Earth. A British military satellite will look at GPS and navigation for its forces overseas, while the Omani satellite will focus on the effects of climate change.

The official approval for Spaceport Cornwall comes after group of MPs criticised the government’s approach to space policy this month.

Members of the Science and Technology Committee said in a report: “The government must also improve its approach to leadership on space. Currently, the approach to space policy across Whitehall is disjointed and unclear.

“It is disappointing that the first launch from the UK did not take place in summer 2022 as was originally proposed.”

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

One in nine do not have enough to eat

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.

One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.

It is currently estimated that one in nine people globally do not have enough to eat.

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.

 

MATCH INFO

Manchester City 3 (Silva 8' &15, Foden 33')

Birmginahm City 0

Man of the match Bernado Silva (Manchester City)

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.”

The years Ramadan fell in May

1987

1954

1921

1888

JOKE'S%20ON%20YOU
%3Cp%3EGoogle%20wasn't%20new%20to%20busting%20out%20April%20Fool's%20jokes%3A%20before%20the%20Gmail%20%22prank%22%2C%20it%20tricked%20users%20with%20%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fmentalplex%2F%22%20target%3D%22_blank%22%3Emind-reading%20MentalPlex%20responses%3C%2Fa%3E%20and%20said%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fpigeonrank%2F%22%20target%3D%22_blank%22%3E%20well-fed%20pigeons%20were%20running%20its%20search%20engine%20operations%3C%2Fa%3E%20.%3C%2Fp%3E%0A%3Cp%3EIn%20subsequent%20years%2C%20they%20announced%20home%20internet%20services%20through%20your%20toilet%20with%20its%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Ftisp%2Finstall.html%22%20target%3D%22_blank%22%3Epatented%20GFlush%20system%3C%2Fa%3E%22%2C%20made%20us%20believe%20the%20Moon's%20surface%20was%20made%20of%20cheese%20and%20unveiled%20a%20dating%20service%20in%20which%20they%20called%20founders%20Sergey%20Brin%20and%20Larry%20Page%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fromance%2Fpress.html%22%20target%3D%22_blank%22%3EStanford%20PhD%20wannabes%3C%2Fa%3E%20%22.%3C%2Fp%3E%0A%3Cp%3EBut%20Gmail%20was%20all%20too%20real%2C%20purportedly%20inspired%20by%20one%20%E2%80%93%20a%20single%20%E2%80%93%20Google%20user%20complaining%20about%20the%20%22poor%20quality%20of%20existing%20email%20services%22%20and%20born%20%22%3Ca%20href%3D%22https%3A%2F%2Fgooglepress.blogspot.com%2F2004%2F04%2Fgoogle-gets-message-launches-gmail.html%22%20target%3D%22_blank%22%3Emillions%20of%20M%26amp%3BMs%20later%3C%2Fa%3E%22.%3C%2Fp%3E%0A
Updated: November 16, 2022, 8:24 AM