Redwire focuses on space infrastructure and autonomous systems. The company completed its Edge Autonomy acquisition and reported 50.7% year-over-year revenue growth. Management maintained full-year guidance of $320 to $340 million, and the book-to-bill ratio of 1.25 suggests demand is holding. But the business is bleeding cash with a net loss of $41.2 million in Q3, nearly double the $21 million loss from the prior year. Gross margin sits at just 16.3%, leaving almost no room for error.
Pad 40 has been the primary Falcon 9 launch site for most of the rocket's history, while Pad 39A provided a location for crew launches and an augmentation to support SpaceX's growing launch cadence. But there are signs the Falcon 9 launch cadence, which reached 165 missions last year, may be peaking as the company turns its attention to Starship. And SpaceX has steadily reduced the time it takes to reconfigure Pad 40 between launches, cutting the turnaround time to less than 48 hours.
The first stage, of course, would be fully reusable. But what about the upper stage of New Glenn, powered by two large BE-3U engines? Around the same time, in the early 2010s, SpaceX was also trading the economics of reusing the second stage of its Falcon 9 rocket. Eventually SpaceX founder Elon Musk abandoned his goal of a fully reusable Falcon 9, choosing instead to recover payload fairings and push down manufacturing costs of the upper stage as much as possible.
"You absolutely have to have a plan to compete with SpaceX on price." Welcome to Edition 8.29 of the Rocket Report! We have a stuffed report this week with news from across the launch spectrum. Long-term, probably the most significant development this week was a subscale version of the Long March 10 rocket successfully launching and then executing a picture-perfect ocean landing. China is catching up rapidly to the United States when it comes to reusable launch.
United Launch Alliance's Vulcan Centaur reached orbit on February 12 despite "a significant performance anomaly" that saw one of its four solid rocket boosters burn through its nozzle during ascent. Viewers of the launch from Cape Canaveral at 0422 EST (0922 UTC) were treated to some impressive fireworks as the part detached in a shower of fragments. It was the fourth launch of ULA's replacement for the Atlas V and Delta IV rocket, and the second in which an anomaly was noted with the booster.