SpaceX's vehicle to deorbit the International Space Station is a Dragon on steroids

spacex deorbit vehicle

Image Credits: SpaceX (opens in a new window)

The $843 million spacecraft SpaceX is designing to bring down the International Space Station at the end of the decade will be a super-powered version of its Dragon capsule that’s used to transport astronauts and cargo to orbit today, the company revealed Wednesday. 

NASA awarded SpaceX the massive contract to develop the U.S. Deorbit Vehicle (USDV) last month. It won the award — over the only other bidder, Northrop Grumman — in part because the design leverages so much flight-proven hardware, NASA said in a source selection statement published Tuesday. 

NASA was looking for proposals that maximized the use of flight heritage because reliability will be key, Dana Weigel, NASA’s ISS program manager, said during a Wednesday press conference. But even with the significant incorporation of the Dragon architecture, around half of the USDV will be entirely new, and 100% of the deorbit functionality will be new to this spacecraft, she said. 

The USDV’s purpose is to execute a series of critical burns that will take place over the last week of the station’s life, but NASA is planning to launch the spacecraft around 18 months before these burns will take place. It will dock to the forward port of the ISS, where it will remain while the ISS slowly “drifts down” to Earth, Weigel said. The agency will leave crew onboard for as long as possible to maintain the station’s trajectory, but they’ll eventually depart for the final time around six months before reentry. 

The USDV will come into play when the station reaches an altitude of around 220 kilometers above Earth. It will perform a series of burns to set the station up for a precise deorbit trajectory over a period of around four days before conducting the final reentry burn. The parts of the station that don’t burn up in Earth’s atmosphere will land in a yet-to-be-determined part of uninhabited ocean. This is the same disposal method the station has used for other large spacecraft, like Northrop Grumman’s Cygnus or Japan’s HTV cargo capsule. 

ISS on orbit
ISS NASA
Image Credits: NASA (opens in a new window)

The mission is complex, and SpaceX will have to develop a vehicle powerful enough to guide the station through increasing amounts of atmospheric drag. As Sarah Walker, SpaceX’s director of Dragon mission management, explained, “The thing that I think is most complex and challenging is that this [final] burn must be powerful enough to fly the entire space station, all the while resisting the torques and forces caused by increasing atmospheric drag on the space station to ensure that it ultimately terminates in the intended location.” 

SpaceX’s ultimate design is a spacecraft that will have six times as much usable propellant onboard and three to four times the power generation and storage of Dragon capsules. The end result, at least according to a render released by SpaceX earlier Wednesday, is what looks like a conventional Dragon with a massive trunk attached to its end. 

That trunk will house all that extra propellant, power generation and avionics needed to complete the mission, Walker said. That includes 30 additional Draco thrusters, in addition to the 16 already on the standard capsule configuration. A massive final burn is to help ensure that the debris footprint is small — and there will likely be some debris, ranging from the size of microwave ovens to small sedans. 

NASA officials said the agency jointly agreed with the other station partners — Roscosmos, the European Space Agency, the Japan Aerospace Exploration Agency and the Canadian Space Agency — to solicit a deorbit vehicle from private industry after realizing that Roscosmos-provided capabilities weren’t up to the size of the station. NASA released a request for proposals last fall. 

The award is coming now because spacecraft of this complexity can take years to develop, Weigel said. 

But the contract is different than SpaceX’s other big wins for NASA. Unlike its station crew and cargo transportation contracts, in which NASA simply purchases services for vehicles that SpaceX owns and operates, the deorbit vehicle contract flips this on its head: SpaceX will design and deliver the vehicle to NASA, but it will be the space agency’s responsibility to procure launch, operate the spacecraft and actually bring the ISS back to Earth. 

The agency will start the rocket procurement process around three years prior to launch in a separate solicitation. Provided that ISS operations cease in 2030, the station would splash down sometime the following year. 

Agency officials said they were keen to ensure an overlap with commercial space station providers in low Earth orbit, though they admitted that any number of variables could get in the way of a seamless transition. That includes the development schedules of the handful of commercial companies that have stations under development, like Axiom Space, the Voyager Space-led Starlab or the Blue Origin and Sierra Space venture Orbital Reef. Right now, NASA is cleared to operate the station through 2030; beyond that date, it would need to seek approval from government and cooperation with the other partner space agencies, said NASA associate administrator Ken Bowersox. 

SpaceX's vehicle to deorbit the International Space Station is a Dragon on steroids

spacex deorbit vehicle

Image Credits: SpaceX (opens in a new window)

The $843 million spacecraft SpaceX is designing to bring down the International Space Station at the end of the decade will be a super-powered version of its Dragon capsule that’s used to transport astronauts and cargo to orbit today, the company revealed Wednesday. 

NASA awarded SpaceX the massive contract to develop the U.S. Deorbit Vehicle (USDV) last month. It won the award — over the only other bidder, Northrop Grumman — in part because the design leverages so much flight-proven hardware, NASA said in a source selection statement published Tuesday. 

NASA was looking for proposals that maximized the use of flight heritage because reliability will be key, Dana Weigel, NASA’s ISS program manager, said during a Wednesday press conference. But even with the significant incorporation of the Dragon architecture, around half of the USDV will be entirely new, and 100% of the deorbit functionality will be new to this spacecraft, she said. 

The USDV’s purpose is to execute a series of critical burns that will take place over the last week of the station’s life, but NASA is planning to launch the spacecraft around 18 months before these burns will take place. It will dock to the forward port of the ISS, where it will remain while the ISS slowly “drifts down” to Earth, Weigel said. The agency will leave crew onboard for as long as possible to maintain the station’s trajectory, but they’ll eventually depart for the final time around six months before reentry. 

The USDV will come into play when the station reaches an altitude of around 220 kilometers above Earth. It will perform a series of burns to set the station up for a precise deorbit trajectory over a period of around four days before conducting the final reentry burn. The parts of the station that don’t burn up in Earth’s atmosphere will land in a yet-to-be-determined part of uninhabited ocean. This is the same disposal method the station has used for other large spacecraft, like Northrop Grumman’s Cygnus or Japan’s HTV cargo capsule. 

ISS on orbit
ISS NASA
Image Credits: NASA (opens in a new window)

The mission is complex, and SpaceX will have to develop a vehicle powerful enough to guide the station through increasing amounts of atmospheric drag. As Sarah Walker, SpaceX’s director of Dragon mission management, explained, “The thing that I think is most complex and challenging is that this [final] burn must be powerful enough to fly the entire space station, all the while resisting the torques and forces caused by increasing atmospheric drag on the space station to ensure that it ultimately terminates in the intended location.” 

SpaceX’s ultimate design is a spacecraft that will have six times as much usable propellant onboard and three to four times the power generation and storage of Dragon capsules. The end result, at least according to a render released by SpaceX earlier Wednesday, is what looks like a conventional Dragon with a massive trunk attached to its end. 

That trunk will house all that extra propellant, power generation and avionics needed to complete the mission, Walker said. That includes 30 additional Draco thrusters, in addition to the 16 already on the standard capsule configuration. A massive final burn is to help ensure that the debris footprint is small — and there will likely be some debris, ranging from the size of microwave ovens to small sedans. 

NASA officials said the agency jointly agreed with the other station partners — Roscosmos, the European Space Agency, the Japan Aerospace Exploration Agency and the Canadian Space Agency — to solicit a deorbit vehicle from private industry after realizing that Roscosmos-provided capabilities weren’t up to the size of the station. NASA released a request for proposals last fall. 

The award is coming now because spacecraft of this complexity can take years to develop, Weigel said. 

But the contract is different than SpaceX’s other big wins for NASA. Unlike its station crew and cargo transportation contracts, in which NASA simply purchases services for vehicles that SpaceX owns and operates, the deorbit vehicle contract flips this on its head: SpaceX will design and deliver the vehicle to NASA, but it will be the space agency’s responsibility to procure launch, operate the spacecraft and actually bring the ISS back to Earth. 

The agency will start the rocket procurement process around three years prior to launch in a separate solicitation. Provided that ISS operations cease in 2030, the station would splash down sometime the following year. 

Agency officials said they were keen to ensure an overlap with commercial space station providers in low Earth orbit, though they admitted that any number of variables could get in the way of a seamless transition. That includes the development schedules of the handful of commercial companies that have stations under development, like Axiom Space, the Voyager Space-led Starlab or the Blue Origin and Sierra Space venture Orbital Reef. Right now, NASA is cleared to operate the station through 2030; beyond that date, it would need to seek approval from government and cooperation with the other partner space agencies, said NASA associate administrator Ken Bowersox. 

Zing logo and app

Here’s how HSBC’s international payments app Zing compares to Wise and Revolut

Zing logo and app

Image Credits: Zing

HSBC has launched a new product called Zing focused on international transfers to better compete with fintech companies like Wise (formerly TransferWise) and Revolut.

Bloomberg wrote that the app was on its way to the App Store and Play Store a couple of days ago. It is now officially out, so let’s have a look at what HSBC offers and if it’s indeed a competitive service. Zing is completely separate from HSBC’s existing banking products. You don’t need an HSBC bank account to use Zing.

Zing also has a completely different approach to foreign exchange as it is relatively transparent when it comes to fees. You can see the exchange rate and the conversion fees at any time in the app or on Zing’s website.

As Wise CEO Kristo Käärmann pointed out on X, it is a departure from HSBC’s regular banking products as the company has the bad habit of including hidden FX markups when converting money from one currency to another. “Today HSBC charges their own customers 3.7% in hidden FX markups for ‘free’ Euro transfers,” Käärmann wrote.

Zing customers can currently hold money in their account in 10 different currencies — GBP, EUR, SGD, USD, CAD, JPY, NZD, HKD, AUD and AED. However, Zing is currently limited to customers living in the U.K.

When they open an account, they can top up their GBP wallet with open banking, a bank transfer or a debit card payment. EUR wallets also come with bank details, which means that Zing customers can receive SEPA payments to their EUR wallet directly. This will be useful for British people working in Europe temporarily or permanently.

On this front, Wise’s offering is much better as customers can get local bank details to receive money from other people (or yourself) from a dozen countries.

This has also been a key advantage against Revolut as the company only offers bank information in your local country. “As an existing customer, if your new residency country has a Revolut branch, you’ll need to close your account and reopen it again as a new one if you wish to hold a local IBAN of that country,” Revolut says in its support documents.

When it comes to sending money, Zing supports dozens of currencies — more currencies than the 10 I listed above. You enter the bank information of your recipient and you can then send them money in their local currency.

Finally, when it comes to exchange rate, Zing is indeed cheaper than HSBC. When you convert GBP to EUR, Zing charges 0.6% in exchange fees. Wise charges around 0.45% for the same corridor.

Revolut is a bit different as your fees may vary depending on your subscription plan. The company charges 1% in fees after an exchange limit of £1,000 per month for free accounts. Plus accounts can exchange up to £3,000 per month without exchange fees. They get charged 0.5% after that.

Premium, Metal and Ultra customers don’t pay exchange fees, but they pay £7.99 to £45 per month in subscription fees. It’s also worth noting that Revolut charges a 1% markup fee on foreign exchange during weekends — regardless of your plan.

Zing charges different fees for other currencies. For instance, the exchange fee for USD to GBP is 0.6% too, but the company charges 0.75% for USD to EUR transfers.

What I like about Zing’s fee is that you mostly have to focus on that exchange fee. Pretty much everything else is included otherwise. Incoming bank payments are free and outgoing bank transfers don’t cost anything other than the conversion fee. Update: Outgoing bank transfers also incur a small flat fee. For instance, from GBP to EUR, it costs £0.50. There’s no fee for Zing-to-Zing transfers or local bank transfers.

For instance, if you’re using Wise to convert USD to EUR, you will only pay 0.552% in conversion fees, but there are additional fees for incoming ACH or wire transfers in USD.

Zing customers also get a Visa debit card that they can use with any currency wallet. As long as you have money in that wallet, there is no fee for card payments. However, if Zing has to convert money from another wallet because your balance in the local wallet is insufficient, the company will convert money from another wallet and charge Zing’s standard conversion fees. If you’re spending money in a country outside of Zing’s coverage, the company adds a 1% currency conversion fee on top of Visa’s exchange rate. In that scenario, Zing is pretty expensive.

Overall, Zing is a compelling alternative to Wise. In some cases, it’s going to be a bit more expensive than Wise. In other cases, that might be the opposite. Of course, it will be important to see if HSBC plans to keep these low exchange fees over the long run or if those are just introductory rates.

For now, Zing’s coverage is pretty limited as only people living in the U.K. can use it. But migrants and frequent travelers will appreciate that there’s a new contender in the space.

Zing logo and app

Here’s how HSBC’s international payments app Zing compares to Wise and Revolut

Zing logo and app

Image Credits: Zing

HSBC has launched a new product called Zing focused on international transfers to better compete with fintech companies like Wise (formerly TransferWise) and Revolut.

Bloomberg wrote that the app was on its way to the App Store and Play Store a couple of days ago. It is now officially out, so let’s have a look at what HSBC offers and if it’s indeed a competitive service. Zing is completely separate from HSBC’s existing banking products. You don’t need an HSBC bank account to use Zing.

Zing also has a completely different approach to foreign exchange as it is relatively transparent when it comes to fees. You can see the exchange rate and the conversion fees at any time in the app or on Zing’s website.

As Wise CEO Kristo Käärmann pointed out on X, it is a departure from HSBC’s regular banking products as the company has the bad habit of including hidden FX markups when converting money from one currency to another. “Today HSBC charges their own customers 3.7% in hidden FX markups for ‘free’ Euro transfers,” Käärmann wrote.

Zing customers can currently hold money in their account in 10 different currencies — GBP, EUR, SGD, USD, CAD, JPY, NZD, HKD, AUD and AED. However, Zing is currently limited to customers living in the U.K.

When they open an account, they can top up their GBP wallet with open banking, a bank transfer or a debit card payment. EUR wallets also come with bank details, which means that Zing customers can receive SEPA payments to their EUR wallet directly. This will be useful for British people working in Europe temporarily or permanently.

On this front, Wise’s offering is much better as customers can get local bank details to receive money from other people (or yourself) from a dozen countries.

This has also been a key advantage against Revolut as the company only offers bank information in your local country. “As an existing customer, if your new residency country has a Revolut branch, you’ll need to close your account and reopen it again as a new one if you wish to hold a local IBAN of that country,” Revolut says in its support documents.

When it comes to sending money, Zing supports dozens of currencies — more currencies than the 10 I listed above. You enter the bank information of your recipient and you can then send them money in their local currency.

Finally, when it comes to exchange rate, Zing is indeed cheaper than HSBC. When you convert GBP to EUR, Zing charges 0.6% in exchange fees. Wise charges around 0.45% for the same corridor.

Revolut is a bit different as your fees may vary depending on your subscription plan. The company charges 1% in fees after an exchange limit of £1,000 per month for free accounts. Plus accounts can exchange up to £3,000 per month without exchange fees. They get charged 0.5% after that.

Premium, Metal and Ultra customers don’t pay exchange fees, but they pay £7.99 to £45 per month in subscription fees. It’s also worth noting that Revolut charges a 1% markup fee on foreign exchange during weekends — regardless of your plan.

Zing charges different fees for other currencies. For instance, the exchange fee for USD to GBP is 0.6% too, but the company charges 0.75% for USD to EUR transfers.

What I like about Zing’s fee is that you mostly have to focus on that exchange fee. Pretty much everything else is included otherwise. Incoming bank payments are free and outgoing bank transfers don’t cost anything other than the conversion fee. Update: Outgoing bank transfers also incur a small flat fee. For instance, from GBP to EUR, it costs £0.50. There’s no fee for Zing-to-Zing transfers or local bank transfers.

For instance, if you’re using Wise to convert USD to EUR, you will only pay 0.552% in conversion fees, but there are additional fees for incoming ACH or wire transfers in USD.

Zing customers also get a Visa debit card that they can use with any currency wallet. As long as you have money in that wallet, there is no fee for card payments. However, if Zing has to convert money from another wallet because your balance in the local wallet is insufficient, the company will convert money from another wallet and charge Zing’s standard conversion fees. If you’re spending money in a country outside of Zing’s coverage, the company adds a 1% currency conversion fee on top of Visa’s exchange rate. In that scenario, Zing is pretty expensive.

Overall, Zing is a compelling alternative to Wise. In some cases, it’s going to be a bit more expensive than Wise. In other cases, that might be the opposite. Of course, it will be important to see if HSBC plans to keep these low exchange fees over the long run or if those are just introductory rates.

For now, Zing’s coverage is pretty limited as only people living in the U.K. can use it. But migrants and frequent travelers will appreciate that there’s a new contender in the space.