This is disingenuous. The current law says AU$750m OR the Maximum Probable Loss, whichever is lower.Gilmour knows this, because they have read the act and objected to it specifically in their very recent submissions:-https://industry.gov.au/industry/IndustrySectors/space/Documents/Legislative-Proposals-Paper.pdfhttps://industry.gov.au/industry/IndustrySectors/space/Documents/Gilmour-Space-Technologies.pdfhttps://industry.gov.au/industry/IndustrySectors/space/Pages/Submissions.aspx
This is disingenuous. The current law says AU$750m OR the Maximum Probable Loss, whichever is lower.
Quote from: ringsider on 10/01/2017 12:59 pmThis is disingenuous. The current law says AU$750m OR the Maximum Probable Loss, whichever is lower.The problem is calculating the MPL value. https://ablis.business.gov.au/service/ag/maximum-probable-loss-methodology/31339You have to include the cost of all events that can occur with a probability of 1 in 10 million or greater. That number could easily exceed $750M.
The first paragraph of the link Steven posted above clearly states: "You are required to be insured for an amount not less than $750 million and the amount of the maximum probable loss that may be incurred in respect of damage to third parties caused by the launch or return, as calculated in accordance with this code." {emphasis mine}
Quote from: ringsider on 10/01/2017 12:59 pmThis is disingenuous. The current law says AU$750m OR the Maximum Probable Loss, whichever is lower. The first paragraph of the link Steven posted above clearly states: "You are required to be insured for an amount not less than $750 million and the amount of the maximum probable loss that may be incurred in respect of damage to third parties caused by the launch or return, as calculated in accordance with this code." {emphasis mine}Which "current law" are you referring to??
Glimour has been doing some engine testing. Short firing at 45 kN, 64% of full thrust at 70 kN.https://www.gspacetech.com/single-post/2018/01/PR/Gilmour-Space-achieves-45kN-of-thrust-in-first-testGilmour Space Fires Up 45,000 Newtons Of Thrust In First Low-Pressure Test Of Hybrid Rocket EngineJanuary 4, 2018MEDIA RELEASE: Results exceed that of nearest small satellite launch competitors; 'More' expected from the rocket company's full-pressure, full-duration tests later this month.JANUARY 4, 2018 -- Australia and Singapore-based rocket company, Gilmour Space Technologies (www.gspacetech.com), has fired up the first of its full-scale orbital engine tests in a staged program to launch small satellites to space by 2020.“We conducted two successful engine tests in December, one of which was a low pressure test-fire that generated 45 kilonewtons (over 10,100 pounds-force) of thrust,” said its CEO and Founder, Adam Gilmour.“This is significantly more thrust than some of our small satellite launch competitors’ main engines, and we expect to do much better in our full-pressure and full-duration test firings later this month." Since closing AUD 5 million (USD 3.7 million) in Series-A funding in mid 2017, the Queensland-based startup has been scaling up to offer low-cost launches to a growing number of small satellite players capitalising on 'New Space' or 'Space 2.0' -- from 24/7 constellation-based earth observation and communications, to satellite servicing, space mining and the Internet of Things.Unlike most commercial rockets today that use either solid- or liquid-fuelled engines, Gilmour Space is pioneering a new breed of cheaper, safer and greener hybrid-engine rockets that combine a liquid oxidiser with a proprietary solid fuel that overcomes long-standing performance issues with traditional hybrid rockets.In November, the company completed tests of its high-thrust 'interplanetary' CubeSat Propulsion System, which could be used to power cube-sized satellites or spacecraft to the orbit of the Moon or Mars; and in December, began ground tests of its orbital-class rocket engine.“We started with a full-flow, mono-propellant thruster hot fire of our large catalyst pack," said Mr Gilmour. "This is a critical subsystem of our main orbital engine, and it efficiently decomposed our Hydrogen Peroxide oxidiser at a core temperature well above the ignition temperature of our fuel."The second short-duration, low-pressure, full-flow engine test (video) further verified all critical subsystems of the orbital engine. “There was almost instant ignition in our large-diameter (46 cm) single port motor, and we generated over 45 kN of thrust,” he added. That's enough force to lift two SUVs off the ground. “These are big achievements in hybrid rocket technology and a big leap for Australia's New Space industry,” said Mr Gilmour, whose team is targeting to launch a suborbital test rocket from Australia in the second quarter of 2018, subject to regulatory approvals. "Despite a growing number of rocket companies and startups look to enter the small launch market today, it is notable that only a handful have progressed to actually building, testing and launching a rocket that demonstrates their technology.”“Gilmour Space is doing it; and if all goes well, our new engine could well be the largest and most powerful privately-funded hybrid rocket engine in the world."Watch this space.
Interesting test. Seemed short for a hybrid? Was it slow motion?
Media Release: Homegrown Rocket Company Test Fires World's Largest Single-Port Hybrid EngineFor Immediate Release---------------------------------- GILMOUR SPACE ACHIEVES 70,000 NEWTONS (15,700 LBS) OF THRUST IN WORLD’S LARGEST SINGLE-PORT HYBRID ENGINE TEST “We are at the crossroads in commercial space with new small launch vehicles, and it’s great to see Gilmour Space becoming a serious new player in the global small launch market.” -- Professor Dava Newman, MIT Apollo Program Professor of Astronautics, and former Deputy Administrator of NASA March 6, 2018 – Meet G-70. This orbital-class rocket engine, developed by Australia and Singapore-based Gilmour Space Technologies (www.gspacetech.com), has successfully achieved 70,000 newtons (70 kilonewtons or 15,700 pounds-force) of thrust in what could be the world’s largest successful test fire of a single-port hybrid rocket engine. “These results prove that we have the core technology needed to enable low-cost small satellite launches to space,” said its CEO & Founder, Adam Gilmour. The company’s mission: to carry payloads weighing up to 400 kg to low earth orbit (LEO) from 2020.Unlike the vast majority of commercial rockets today, which use either solid- or liquid-fuelled engines, Gilmour Space is pioneering new hybrid-engine rockets that combine a liquid oxidiser with a proprietary multi-material 3D printed solid fuel. Indeed, the Queensland-based company first made headlines in 2016 when it successfully test launched a subscale rocket to an altitude of 5km using its 3D printed rocket fuel.“We chose hybrid rockets because they’re simpler, cheaper, environmentally greener and a lot less explosive than solid or liquid rockets,” said Mr Gilmour. “But hybrids have been notoriously difficult to scale up, resulting in a relatively poor engine efficiency and performance,” he added. Until now. “With this and our earlier tests, Gilmour Space has demonstrated capability in what could be the largest (46 cm diameter) successful test fire of a single-port hybrid rocket engine.” Single port engines are believed to be the most fuel-efficient design for hybrid rockets. Other key results:• Peak thrust of 70 kN (15,700 pounds), exceeding the performance of many small launch competitors• High level of thrust stability• Ability to throttle from 10% to 100%“This G-70 engine will be powering our next rocket to the edge of space in the second quarter of 2018, subject to launch approvals in Australia,” said Mr Gilmour. Enabling New Space“We are at the crossroads in commercial space with new small launch vehicles, and it’s great to see Gilmour Space becoming a serious new player in the global small launch market,” said Massachusetts Institute of Technology (MIT) Apollo Program Professor of Astronautics, and former Deputy Administrator of NASA, Professor Dava Newman. “I congratulate Adam and his team for their incredible achievements so far, and look forward to seeing more of such innovative engineering from this promising young rocket company.”Last month, Gilmour Space announced it had signed a Space Act Agreement with NASA to collaborate on various space research and technology development initiatives. This news was warmly welcomed by Australia’s Minister for Defence Industry, Hon Christopher Pyne MP, who reiterated the Government’s vision in advancing Australia’s space capabilities. “What Gilmour Space is doing right now is just amazing. Their dedicated, low cost launch capability will be critical for companies like Fleet to secure and maintain our competitiveness in space,” said Flavia Tata Nardini, CEO & Co-Founder of South Australia-based Fleet Space Technologies, which is working on globally connecting the Internet of Things using a fleet of small low-cost satellites. Interested to launch? Bookings for Gilmour Space’s commercial launches from 2020 will be open the second half of this year. Register your interest here.Game on.###About Gilmour Space Technologies Gilmour Space Technologies is an Australia and Singapore-based rocket company that is developing low-cost launch vehicles for the small satellite/payload market.Key milestones since beginning its rocket program in 2015June 2016: Gilmour Space first made headlines when it successfully flew the countries' first privately developed hybrid rocket to an altitude of 5 Km using proprietary 3D printed fuel (reportedly a world-first demonstration).June 2017: It raised AUD 5 million (USD 3.7 million) in Series-A funding from venture capital firms Blackbird Ventures and 500 Startups, among others. Gilmour Space has also been awarded various R&D grants in Singapore and Australia. August 2017: The company successfully ground tested a high-impulse Cubesat Propulsion System, which could potentially power a 1U cubesat to the orbit of the Moon or Mars. January 2018: It announced the results of its first full-scale orbital engine test, which generated 45 kN in a low-pressure test fire. February 2018: Gilmour Space revealed that it signed a Space Act Agreement with NASA to collaborate on various space research and technology development initiatives.Considered one of the leading space startups in Australia and Singapore, Gilmour Space is now scaling up to launch their first rockets to suborbital space in 2018, and to LEO in 2020. Website: https://www.gspacetech.com | General enquiries: [email protected] MEDIA CONTACTSMichelle TanDirector, Marketing & CommunicationsGilmour Space TechnologiesEmail: [email protected] Singapore Tel: (+65) 9106 6714Australia Tel: (+61) 0408 973 296 – James Gilmour (Director & Co-Founder)Facebook: Gilmourspacetech | Twitter: @GilmourSpace | LinkedIn: Gilmour Space Technologies_______________________