SPACE FLORIDA BOARD OF DIRECTORS MEETING April 23, 2020 By - PowerPoint PPT Presentation

SPACE FLORIDA BOARD OF DIRECTORS MEETING April 23, 2020 By Phone-Conference Slide 1

CALL TO ORDER Slide 2

PLEDGE OF ALLEGIANCE Slide 3

ROLL CALL Slide 4

WELCOME & INTRODUCTIONS Slide 5

PUBLIC COMMENTS Slide 6

BUSINESS BEFORE THE BOARD Slide 7

APPROVAL OF MINUTES • January 16, 2020 Slide 8

INVESTMENT COMMITTEE REPORT Jay Beyrouti (Chair), Belinda Keiser and Mori Hosseini • Meeting (By Phone Conference) April 7, 2020 Slide 9

CONTRACTS, BUSINESS DEVELOPMENT AND PROJECT ACTIVITIES Slide 10

DEAL RELATED PROJECTS: ITEMS 1 & 2 Project Beach House • $80M Conduit Debt Transaction in vicinity of Exploration Park • Jobs Impacted: 200 • $200,000 by Space Florida for Environmental Assessment Project Bed and Breakfast • Up to $4M Bridge Loan – Developmental Aerospace Company • Credit-enhanced • 12 Month Term Slide 11

DEAL RELATED PROJECTS: ITEMS 3 & 4 Project – Made in Space, Inc. • Modification of three (3) Secured Loan Agreements; each for $1M • Transfer of Loan Security from Tangible Capital to Intangible • On completion of Due Diligence, Authority to enable Space Florida Conversion of Debt Agreements to Equity Project Beverly • Aviation Maintenance and Pilot Training Company Company • Conduit-Finance (up to $72M) and Synthetic Lease Structure for five (5) Flight Simulators • Strengthening of Company’s Florida Facilities and Job retention Slide 12

PNC BANK LOAC: ITEM 5 PNC Bank Loan • Authorization for short term extension Slide 13

BUSINESS DEVELOPMENT SUPPORT: ITEM 6 Venture X Group, Inc. • Business Development and Finance Support • Initial Contract - Board approved in July 2019 • Extension of contract – six months ($97,500) Slide 14

SLLF BLOCK 1 & UTILITY CORRIDOR: ITEM 7 NORTHFIELD (RUSH) SOUTHFIELD (MIDDLESEX) Wetland Mitigation Areas Northfield Utility Corridor Southfield Utility Corridor Site 2 (45 leasable acres) Site 1 (28 leasable acres) Wetland enhancement C15/T-17 Sites A & O (40 leasable acres) Wetland creation area Sites A&O 40 AC Slide 15

PROJECT EDTPF: ITEM 8 Project Panther route improvements for transport of large Blue Origin flight hardware elements. Modifies roadway areas at 27 locations across the Cape: Signalization: Chinchor Electric Roadways/Shoulders: Bid on APRIL 16 7 Signalized intersections • Widens roadways (shoulders • and intersection turns) Blue Origin Manufacturing • to SLC-36 (+/- 23 miles) Port Canaveral to SLC-36 • (+/- 7 miles) Slide 16

PRESIDENT’S REPORT Key Events Since Last Board Meeting: - COVID 19 Response - Latest News and Events - Business Development - Spaceport Operations - Indian River Bridge Update - Space Force Update Looking Ahead: Strategies 2020 and Beyond 2020 Launch Activity to date and Upcoming Launch Events Slide 17

FOCUS SINCE LAST BOARD MEETING COVID 19 Response: Initial Focus: Continuity of Operations • Safety of Staff and Tenants • Mission Requirements for Project Activities and Operations • Risk Management and Protection of Financials Current Focus: Economic Recovery • Survey critical Aerospace Skills needs • Identify critical Supply Chain disruptions New Initiatives to Accelerate Economic Recovery Slide 18

KEY EVENTS SINCE LAST BOARD MEETING Latest Space Florida News & Events: Space Day: February 12, 2020 27 th Annual Space Day – Tallahassee • • 60+ Visits with key legislators and agency heads • Over 80+ industry representatives supporting Annual Update for Brevard County Commission: • Presentation and Q&A – February 25, 2020 • Regional updates planned for the future! Brazil: Letter of Intent with EMBRAPII entered on March 9, 2020 • EMBRAPII – Principal Agency for Brazil’s Innovation, Research and Technology Funding • Letter of Intent to explore joint collaboration opportunities Slide 19

FOCUS SINCE LAST BOARD MEETING Business Development: Deal Activity: • Pipeline Management: 50 active – 5 tiers • 10 – 12 (Term Sheets, Docs, or Finance) Statewide Focus: Ground Infrastructure • Aviation Manufacturing & MRO, Simulation & Training • Strengthening Depth of Supply Chain • Space Systems manufacturing and support Future Areas: Space Segment/Public Infrastructure Slide 20

FOCUS SINCE LAST BOARD MEETING Spaceport Operations/Development: Spaceport Operations Activity: • Ground Vehicle Testing -- Tesla, Honda-Andretti, Daimler • Spacecraft / Hardware Transit -- Antonov, Guppy, C-130 • Starfighters and other Aviation flight-vehicles Spaceport Development – Construction: • Power and Utilities • Launch Operations Support • Facilities and Tenant Support Future: Increase in Capability and Capacity Services Slide 21

UPDATE ON INDIAN RIVER BRIDGE Indian River Bridge Component: • Project Development and Environment (PD&E) Study (PD&E) Completed 10 April 2020  2.5 year effort funded by NASA • Indian River Bridge MOA Executed between Federal Highways – FDOT – NASA KSC • Bridge Design – 30% Complete (May 2021 – Design & Permitting estimated complete) • Construction planned complete in 2024 Space Commerce Way Component: • Environmental Characterization in Progress • Design & Permitting Solicitation in work • Working construction statement of work with District 5 Technical Support Infrastructure for Rebuilding America (INFRA) Grant: • SF – FDOT Secretary monthly tag-ups in place • Project flow plans in development (District 5 & Space Florida / KSC included when rough draft completed • Routine engagement with Stakeholder in place • Moving forward with INFRA Grant project plan execution Slide 22

UPDATE ON US SPACE COMMAND I AM CONVINCED THAT IN THE FUTURE, IF WE ARE GOING TO GET INTO A CONFLCIT … WE ARE GOING TO FIGHT AND WIN FOR SPACE SUPERIORITY - GEN John Raymond, Commander US Space Command FLORIDA’S SUPPORT TO THE SPACE WARRIORS FOCUS: SIGNIFICANT USSPACECOM MILESTONES: Stakeholder Engagement Program (SEP) • Shifted to VTCs from community visits • POTUS Directs Establishment of USSF - 19 FEB • Virtual Tampa SEP held on April 8 2019 • Establishing Task Force to develop FL offering in cyber security realm to DoD, Space Force • US Space Force Established - 20 DEC 2019 • Cyber Security meeting in planning for late April/May • Upcoming SEP Engagements • US Space Force Organizational Plan - 2 FEB 2020  Florida University & South Florida events in planning • USSPACECOM HQ Basing Re-assessment - 4 Mission Capability Focus Area  MAR 2020  Training & Readiness Division • New USSPACECOM Basing Criteria - Late Spring  Heavy Lift / Launch / Logistics’ 2020  Cyber Security  Hypersonics (Platforms & Weapons) • Draft USSF Doctrine Release - Late Spring 2020 Artificial Intelligence   Quality of Life / Florida as Most Military State (FDSTF) Slide 23

LOOKING AHEAD: 2020 AND DECADE BEYOND • Opportunities in New Space / Cis-Lunar Economy: • Transportation and Space Access • Satellite and Space Platforms • Ground Systems and Support • Telecommunications / Data / Global Connectivity • Earth Observation and Data-derived Awareness • On-Orbit and Lunar Operations and Support Services • An Estimated 12,000 New Satellites/Space Operations Platforms Deployed: “The Space Segment” • New Decade of On-Orbit and Lunar Research, Manufacturing and Value-Added Products & Services Slide 24

2030 VISION AND HOW WE WILL GET THERE “Florida as Global Leader in Enabling Commercial Space” 1. Execute on Strategies in Three Key Goal areas: • Industry Growth • Industry Leadership / Positioning • Spaceport Leadership Standing 2. Achieve a “Five Times Growth” of Portfolio Value by 2030 3. Work to Integrate and Position Florida’s Spaceport, Regional Logistics and Trade System as “An Inter-Stellar Trade-Port” and Principal Enabler of the Cis-Lunar Economy Slide 25

2020 LAUNCH ACTIVITY TO DATE Eight launches (January – April) Six - Falcon 9 Launches: • Four SpaceX Starlink flights (60 satellites each) • Crew Dragon In-Flight Abort test 20 th Space Station cargo resupply flight • • Booster landings 3 of 5 successful - including 50 th successful booster landing Two - Atlas V Launches: • Solar Orbiter NASA science probe AEHF-6 (1 st Space Force launch) • Slide 26

REMAINING 2020 LAUNCH ACTIVITY Launch Activity: “Mission - Essential Operations” 35 Launches currently manifested for the remainder of 2020, including: • Atlas V 501: USSF X-37B Orbital Spaceplane May 16 • Delta IV Heavy: NROL - 44 Classified Satellite June 3 Falcon 9: GPS III-3 USSF 3 rd Generation Navigation Satellite (mid-June) • • Falcon 9: Six different Starlink batches of 60 Satellites each for SpaceX Significant Events: • First Crew Dragon with astronauts aboard, to ISS (May 2020) • Falcon 9 Polar Orbit Mission (June 2020) Slide 27

OPEN DISCUSSION Slide 28

CLOSING REMARKS Slide 29

ADJOURN Slide 30