After 8 months stuck in orbit, Varda's drug spacecraft gets FAA approval to return

After 8 months stuck in orbit, Varda's drug spacecraft gets FAA approval to return


Varda’s first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus.

Rocket Lab

Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space.

Varda’s small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The company has awaited regulatory authorization to make a landing attempt in Utah, at the Air Force’s Utah Test and Training Range. The FAA confirmed on Wednesday it had issued the license to Varda.

The FAA’s approval means Varda will try to land the W-1 mission on Feb. 21.

“We are incredibly proud to have this opportunity with our government partners, and appreciate their dedication to safe innovation in the United States,” Varda said in a statement.

The W-1 mission is a demonstration of the company’s automated in-space manufacturing process. Last year, Varda announced the W-1 mission successfully produced the drug Ritonavir.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

While manufacturing in space is not a novel concept, Varda wants to take the process to the next level – to launch and return space-made products more quickly. The start-up plans to manufacture materials that are more lucrative when made in orbit, such as fiber optic cables, pharmaceuticals, or semiconductors, due to advantages from manufacturing in a weightless environment.

Varda’s system uses Rocket Lab’s Photon spacecraft as the backbone of its operation. The start-up adds its manufacturing module, along with a heatshield-protected capsule to survive the intense reentry process through the Earth’s atmosphere.

The company previously said it expects to return a few kilograms of manufactured material on the W-1 mission.

These companies are leading the charge to manufacture materials in space



Source

Ford launches new AI to grow multibillion-dollar Pro commercial business
Business

Ford launches new AI to grow multibillion-dollar Pro commercial business

2023 Ford Super Duty F-550 Chassis Cab Ford DETROIT — Ford Motor is launching a new artificial intelligence system for its Pro commercial vehicle business as it tries to grow the unit’s profits and software revenue. The Detroit automaker on Tuesday said the new “Ford Pro AI” can monitor and analyze more than 1 billion […]

Read More
February home sales see small rebound, but supply growth is ‘sluggish’
Business

February home sales see small rebound, but supply growth is ‘sluggish’

Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season. Existing home sales in February rose 1.7% from January to a seasonally adjusted, annualized rate of 4.09 million units, according to the National Association of Realtors. Sales were down 1.4% from February of […]

Read More
Ryan Serhant of Netflix’s ‘Owning Manhattan’ is leaning hard into commercial real estate
Business

Ryan Serhant of Netflix’s ‘Owning Manhattan’ is leaning hard into commercial real estate

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. It’s […]

Read More