Business of Space
Greetings from Princeton, New Jersey. Trump’s inaugural address revival of manifest destiny as American policy must be causing even more con
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by Bruce Einhorn

Greetings from Princeton, New Jersey. Trump’s inaugural address revival of manifest destiny as American policy must be causing even more concern in Copenhagen, where officials are preparing for additional pressure to cede Greenland. But before we get to that ...

Three things you need to know today:

• Blue Origin reached orbit on the first try.
• SpaceX explosion triggers FAA investigation.
• Voyager files for an IPO.

Keeping an eye on polar satellites

There are lots of theories to explain why President Donald Trump is so focused on Greenland. It is the world’s biggest island (with the Mercator projection map making it look even bigger), potentially making an American acquisition more attractive for the world’s most famous real-estate mogul.

With NASA confirming that 2024 was the warmest year on record, Greenland’s receding icecap could reveal valuable minerals. And melting ice enables more maritime traffic through the Northwest Passage. 

The island also has strategic importance for US space policy. The Space Force, created by Trump during his first administration as the newest branch of the armed forces, operates a base on the coast of Greenland, Pituffik, which plays a critical role in monitoring satellites that travel over or near the North Pole.

The northern location of Pituffik (pronounced bee-doo-FEEK) allows the US military to be in contact with polar orbiting satellites about a dozen times a day, according to the Pentagon’s 2024 Arctic Strategy.

The Greenland facility supports missile warning, missile defense and space surveillance missions by tracking tens of thousands of objects daily.

“Strategically, Pituffik SB’s ‘Top of the World’ vantage point enables Space Superiority,” the Space Force says on its website

Pituffik Space Base Photographer: Thomas Traasdahl/AFP/Getty Images

During most of the space age, satellite operators avoided polar routes, preferring to maximize their coverage via geostationary orbits over the equator, but the US and allies are paying more attention to the Arctic. Northrop Grumman last month announced the Space Force activated payloads aboard satellites the company made for Space Norway. And on Jan. 16, Washington and Oslo signed a Technology Safeguards Agreement allowing the launch of US satellites from Norway’s Andoya Spaceport in the Arctic.

“Space infrastructure in the High North is of great strategic value to both Norway and NATO,” the Norwegian government said in a statement.

Beijing is focusing more on that part of the globe, too, and although it doesn’t have any territory in the region, China says it’s a “near-Arctic state.” A Long March-6 rocket last month launched 18 of its Qianfan, or Thousand Sails, satellites into polar orbits, the latest installment in a planned constellation to compete with Starlink and others in low-Earth orbit.

The Greenland base could certainly come in handy to keep track of those Chinese assets. However, there’s more uncertainty around Pituffik. There will be an election in the coming months that could provide the incumbent leader, Prime Minister Mute Egede, a mandate to push for independence from Denmark.

Mute Egede Photographer: MADS CLAUS RASMUSSEN/AFP

Hence the greater interest among Republicans such as Representative Mike Haridopolos, a freshman congressman who represents the Florida district that includes Cape Canaveral.

Haridopolos recently published an op-ed piece, “Take Donald Trump’s Greenland Gambit Seriously,” that Trump reposted on Truth Social.

“As we have more and more reliance on satellites and we’re putting more and more of these operations in place, it would only be natural that you'd see an enhancement” of the US role with Greenland, Haridopolos said in an interview. 

“We’ll have to see what the Danes do,” Haridopolos said. “But in the end, at this point, I think that our relationship with Greenland will only get closer.”

Trump didn’t mention Greenland in his Monday inauguration speech, but Denmark’s government isn’t expecting him to ease up on pressuring the NATO ally to make a deal.

A day after the inauguration, Prime Minster Mette Frederiksen held a meeting with opposition leaders to discuss Trump’s latest threats.  

“We can’t have a world order where countries — no matter what they are named — can just take what they want,” Foreign Minister Lars Lokke Rasmussen said after the meeting. — Bruce Einhorn

Jared Isaacman’s Democratic friends

Day One of the new administration started out with confusion about who’s in charge at NASA.

The agency said James Free, the third highest-ranking official during the Biden administration, was acting chief after the resignations of Administrator Bill Nelson and his deputy, Pam Melroy. The White House, however, said Janet Petro (head of the Kennedy Space Center) was running NASA for now.

On the evening of the inauguration, NASA acknowledged Petro’s leadership.

She will likely only have the job for a short time. We’re still waiting to hear when the Senate will schedule a hearing for Trump’s pick, billionaire Jared Isaacman, but chances are he’ll sail through.

That’s not just because Republicans are in the majority. Unlike some picks, Isaacman hasn’t vilified Democrats. Indeed, he’s given them money.

Jared Isaacman Photographer: John Raoux/AP Photo

In the 2024 election cycle, according to Federal Election Commission data, Isaacman supported a handful of Democrats. He donated $41,300 to the Democratic Senatorial Campaign Committee and more than $20,000 to support Pennsylvania Senator Bob Casey. He lost.

He did back some winners, giving more than $20,000 to elect Elissa Slotkin as the new senator from Michigan and more than $11,000 to support former NASA chief of staff and Virgin Galactic CEO George Whitesides, who won his House race for a California district with backing from Trump nemeses Nancy Pelosi and Adam Schiff. 

With Isaacman, Trump will be getting someone who likes folks on the other side of the aisle. — Bruce Einhorn

New Glenn’s big moment

Crews react during the New Glenn Launch. Source: Blue Origin

It was a debut many years behind schedule, but New Glenn, the Blue Origin rocket that the Jeff Bezos-backed startup wants to make a competitor with SpaceX’s Falcon 9, took off for the first time on Jan. 16.

This week’s video shows the launch, and the reaction of Blue Origin employees finally getting a chance to cheer their big rocket’s success. The next New Glenn launch should take place by the middle of the year, according to Dave Limp, Blue Origin CEO. — Bruce Einhorn

Japanese satellite maker’s slide

Japan has one more space stock and — like another 2024 newcomer, Astroscale — it’s been a bit of disappointment to investors since its initial public offering.

Synspective is an operator of synthetic aperture radar satellites and has many rides booked on Rocket Lab’s Electron rockets. Synspective had its Tokyo stock exchange debut last month and the stock popped. It’s been mostly downhill since then, with the stock falling below its IPO price on Jan. 17. 

The company’s shareholders include Mitsubishi Electric and Jafco Group. — Bruce Einhorn

What we’re reading

  • The Chinese space station has generated oxygen, rocket fuel in a major exploration leap, the South China Morning Post reported. 
  • NASA researchers propose a new system of lunar time to manage the complexities of interplanetary operations, according to SciTechDaily.
  • Trump is likely to axe the National Space Council after SpaceX lobbying, Reuters reported.

In our orbit

Jan. 23: NASA’s annual Day of Remembrance event at Arlington National Cemetery, in memory of the crews of Apollo 1, Challenger and Columbia.

Jan. 27: Start of Commercial Space Week events in Orlando, Florida. 

Jan. 28: Lockheed Martin and Boeing to report quarterly results.

Talk to us

Please send us ideas, tips and questions to spacetips@bloomberg.net. As always, you can reach Bloomberg’s global business of space editor, Eric Johnson, at ejohnson453@bloomberg.net (or via Signal). If you don’t receive this newsletter, you should sign up here.

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