The increase in the net loss was primarily due to a reduction in revenues attributable to the substantial completion of the CHIPSat
program, and to deferred or delayed new programs and an increase in operating expenses of approximately $976,000, or 76% of net sales.
In 2003, NASA launched its standalone high performance Internet-based CHIPSat
40 kg microsat, designed and produced by SpaceDev for UC Berkeley and funded by NASA.
SpaceDev designed CHIPSat
for a one-year science mission and an eighteen-month satellite life, both now significantly exceeded.
7 million from the CHIPSat
microsatellite project, $1.
This 'Second Space Age' is exemplified by SpaceDev's development of CHIPSat
for NASA, powering the successful launches of SpaceShipOne, the commencement of a multi-tiered micro-satellite contract for the Missile Defense Agency (MDA) that will be the first to introduce Local Area Networking in space, the development of a small launch vehicle for the Air Force, and the continuation of SpaceDev's development of a mission and spacecraft design for an unmanned mission to land a small dish antenna near the south pole of the moon.
Building on our proprietary CHIPSat
technology, the work associated with the second phase of this contract will further enhance and define the capabilities of SpaceDev's networked cluster of formation-flying, high performance satellites, and the ability to control the mission via a laptop with Internet access.
I'm very pleased with the initial success of this mission and I want to thank the entire CHIPSat
team for all of the hard work that they've put in on this microsatellite project that could help revolutionize the space industry, Dr.
The three-stage version is being designed to launch a microsat, similar to SpaceDev's revolutionary CHIPSat
, from anywhere in the world, on 24-hour notice, from a C-17A cargo plane.
SpaceDev will extend its success in using TCP/IP in space, pioneered with SpaceDev's high performance CHIPSat
microsatellite for NASA.
In an impressive evening launch on January 12, CHIPSat
was successfully delivered to low-earth orbit.
The lunar mission to advance human understanding of stars and galaxies will be designed with the same approach as SpaceDev's highly successful CHIPSat
science microsatellite for the University of California at Berkeley/NASA University Explorer program.
ICESat was deployed first at one-hour and four minutes into flight, followed by CHIPSat
that was deployed 19 minutes and 20 seconds later.