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

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

DEAL RELATED PROJECTS: ITEMS 3 & 4

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

SOUTHFIELD (MIDDLESEX) Southfield Utility Corridor Site 1 (28 leasable acres) Sites A & O (40 leasable acres) Wetland creation area NORTHFIELD (RUSH) Northfield Utility Corridor Site 2 (45 leasable acres) Wetland enhancement C15/T-17

Sites A&O 40 AC

Wetland Mitigation Areas

Slide 15

PROJECT EDTPF: ITEM 8

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)

Project Panther route improvements for transport

• f large Blue Origin flight hardware elements.

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

• 27th 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

SIGNIFICANT USSPACECOM MILESTONES:

• POTUS Directs Establishment of USSF - 19 FEB

2019

• US Space Force Established - 20 DEC 2019
• US Space Force Organizational Plan - 2 FEB 2020
• USSPACECOM HQ Basing Re-assessment - 4

MAR 2020

• New USSPACECOM Basing Criteria - Late Spring

2020

• Draft USSF Doctrine Release - Late Spring 2020

FLORIDA’S SUPPORT TO THE SPACE WARRIORS FOCUS: Stakeholder Engagement Program (SEP)

• Shifted to VTCs from community visits
• Virtual Tampa SEP held on April 8
• Establishing Task Force to develop FL offering in cyber

security realm to DoD, Space Force

• Cyber Security meeting in planning for late April/May
• Upcoming SEP Engagements
• Florida University & South Florida events in

planning

• Mission Capability Focus Area
• Training & Readiness Division
• Heavy Lift / Launch / Logistics’
• Cyber Security
• Hypersonics (Platforms & Weapons)
• Artificial Intelligence
• Quality of Life / Florida as Most Military State

(FDSTF)

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

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

Eight launches (January – April)

Six - Falcon 9 Launches:

• Four SpaceX Starlink flights (60 satellites each)
• Crew Dragon In-Flight Abort test
• 20th Space Station cargo resupply flight
• Booster landings 3 of 5 successful - including 50th

successful booster landing Two - Atlas V Launches:

• Solar Orbiter NASA science probe
• AEHF-6 (1st Space Force launch)

2020 LAUNCH ACTIVITY TO DATE

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 3rd 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