Connect with us

Hi, what are you looking for?

Economy

Local space venture gears up for first rocket launch

By Patricia B. Mirasol

Orbital Exploration Technologies, Inc. (OrbitX), the country’s first commercial space venture, is targeting 2023–2024 for its first launch. Its rocket, the Haribon SLS-1, will be propelled by two of the company’s other innovations: the Tamaraw Rocket Engine and RP-2 fuel, a renewable rocket fuel derived from plastics. 

Haribon SLS-1 is in Technology Readiness Level 4, or the level in which components are validated in a laboratory environment, and can carry approximately 200 kilograms in low earth orbit (an orbit with altitude ranging from 200–300 kilometers to 1,600 kilometers).

SPACE ACCESS BENEFITS LIFE ON EARTH

Sustaining earth and accessing space are two of the problems OrbitX tackles. Founded in 2019, the venture aims to be a major provider of affordable, green, and sustainable space access to developing countries while taking care of the environment. Its founder and chief executive officer, Dexter Baño Jr., said that the benefits of outer space ventures are here on terra firma. 

“The real benefit of having access to space is all on earth. Having access to space would allow us to attain better telecommunications, defense technologies, geopositioning services, and meteorological technologies,” he said in an interview with BusinessWorld. “For example, cancer research and farming could be improved if we have access to space. We can also protect our security as a nation because of better defense infrastructures that are only possible in space.”

Space science can help fight cancer by allowing researchers to study cell behavior that’s normally masked by responses to gravity. The gravity experienced in low-earth orbit, for instance, is 10,000 to one million times less powerful than that felt on earth’s surface. In microgravity, cells can be studied “in a state more closely resembling cells in the body.”

Other applications of space technology include: earth observation satellites that monitor greenhouse gases and possible natural calamities such as typhoons; global positioning system (GPS) navigation tools that allow for better mobility and prompt response during search and rescue missions; and microwaves and solar panels that started out as part of space projects but are now part of everyday living.

SEEKING SUPPORT AND COLLABORATION 

Funders of the deep-tech startup’s project include several private individuals and Genix Ventures, a firm focused on investing and accelerating early-stage technology companies in Southeast Asia. Amazon Web Services has also given it a product grant for research worth $6,500 for two years of use. 

A crowdfunding campaign is underway too for those who want to pitch in their support; the general public can choose among packages that include incentives such as a space ticket and an exclusive Haribon SLS-1 launch day seat.

While seeking support, OrbitX discovered that most of the interest came from Indians across Europe and Asia. One such supporter, Abhishek Raju, himself a space industry professional, paved the way for connecting the company with the Indian Space Research Organization. Mr. Baño Jr. said he will be meeting the Indian ambassador to the Philippines soon to discuss a possible diplomatic collaboration between the Philippines and India. 

“India is the most logical ally because, like the Philippines, they started at a very minimal budget to establish an extremely reliable space agency,” he added. “We have similarities in our socio-economic status as countries. We also have a knowledge economy like India, but we are not yet utilizing it properly.”

OrbitX sends the Philippine Space Agency regular updates on its project developments, although it is not affiliated with—nor has it received any funding from—the said agency.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

The number of businesses going bust in England and Wales jumped last month to its highest level since the start of the pandemic, as...

Economy

Co-engineered with ZEISS, new vivo X70 highlights state-of-the-art mobile photography technology Global brand vivo remains top of mind when one thinks of premium imaging...

Investing

Half of the UK’s working mothers do not get the flexibility they ask for, while those that do work flexibly face discrimination, according to...

Economy

By Jenina P. Ibañez, Reporter   Money sent home by overseas Filipino workers (OFWs) increased for the seventh straight month as more host economies with...

Economy

The Bureau of Internal Revenue (BIR) clarified that only medicines and medical devices for the treatment of coronavirus disease 2019 (COVID-19) included in an updated government list...

Economy

Typhoon Kompasu has resulted in the worst container shipping traffic jam in months, one that now stretches throughout Southeast Asia and may take weeks to unravel. ...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!