Daobac Space Corporation

Daobac Space Corporation

XXX Space Center, the CVD's primary launch facility.
Trading name	CVDX
Type	Private
Industry	Space
Founded	June 11, 2008 (2008-06-11)
Founder	Mạch Diệu Hoa
Headquarters	Congvat , Daobac
Key people	Chairman: Mạch Diệu Hoa CEO: TBD CFO: TBD COO: TBD CTO: TBD
Products	Dragon 1 SLV Dragon 2 SLV Dragon 3 SLV Phoenix 1 MLV Phoenix X HLV
Services	Commercial Launch Services
Revenue	Gross: $x.x Billion Net: $xxx Million
Owner	Equity Ownership Hoasen Holdings 17% Mach Group 13% Tran Industries 9% Khuat Corp 7% Bao Group 6% TBD TBD
Number of employees	TBD (TBD)

The Daobac Space Corporation (Daoan: Công ty Vũ trụ Đảo Bắc), commonly abbreviated as the DSC (CVD in native spelling), is a private Daoan that provides commercial launch services for Daobac, member states of the Association of Ozeros Nations as well as other foreign governments or institutions that are willing to pay for the DSC's services. The company was established with the express purpose of reducing the cost of transporting goods into space. The DSC also manufactures and operates two families of launch vehicles, each utilized for different purposes. Its fleet of Dragon rockets classified as small-lift launch vehicles (SLVs) are geared primarily for payloads as small as 25 and up to 1,000 kilograms. Meanwhile its fleet of Phoenix rockets are, depending on the rocket's configuration for launch, can be categorized as either a medium-lift launch vehicle (MLV) and heavy-lift launch vehicle (HLV). The Dragon 1 MLV is capable of delivering payloads up to 16,800 kilograms whereas the Dragon X HLV is capable of payloads of up to 63,800 kilograms. Aside from the Dragon's reusability, Daobac's location in the equator allows the DSC to launch rockets with much greater payloads with the same fuel consumption as rockets launched outside of the equator that requires more fuel usage. These two factors combined gives the DSC a unique competitive edge. The DSC is the successor organization to the Daoan Aeronautical Institute (DAI), an independent government agency of Daobac that was responsible for the country's civilian space program. The Daoan government invited both domestic and foreign companies to invest and partake ownership of the company. The strategy was two fold: by privatizing and commercializing the DAI the Daoan government would both reduce government expenditure as it no longer needed to provide funding for the organization and also generate revenue through the new commercial entity. It would also preserve Daobac's space launch capability. After a period of negotiations the DSC was established on June 11th, 2008. Currently 53% of the company's shares are owned by Daoan firms whereas the remaining 47% are distributed among foreign shareholders.

History

Government Agency Era

The DSC's predecessor organization, the Daoan Aeronautical Institute, was established as an independent agency of the Daoan government that was tasked to pioneer the country's civlian space program. It was founded on January 3rd, 1970 and its first mandate was to provide the country with a domestic orbital launch capability. The DAI was able to study existing rocket and missile systems that were produced by domestic & foreign arms manufacturers. Cruise and ballistic missiles were of particular interests for the DAI engineers. Between 1971 and 1977 DAI engineers developed the Dragon 1 rocket, a small-lift launch vehicle that was theoretically capable to deliver a 25kg payload into low ajax orbit (LAO). Its test flights were marred with various failures and it was not until 1978 that the first Dragon 1 was successfully launched into LAO. providing the DAI with its first significant milestone. This was followed in 1979 with its first successful launch of a domestically produced communications microsatellite called the Hoasen-1. Over the next decade the Dragon 1 rocket was primarily used for launching domestic microsatellites into LAO. The Daoan government eventually invited the neighboring nations of Kajera and Pulau Keramat to participate in a joint venture to develop a higher capacity small-lift launch vehicle with an estimated payload delivery of up to one tonne. Research & development as well as testing of this new launch vehicle took place between 1980 - 1986 and in 1987 the Dragon 2 SLV had its first succesful launch. This was followed by the Dragon 3 SLV which came into service in 1995.

DAI Dissolution, DSC Founding

Prior to its dissolution the DAI had faced growing financial problems due to the continued reduction of government funding for its programs. It was unable to pursue a commercial venture due to its status as a government agency which constitutionally restricted the agency from doing so. In response the Daoan government initiated a study to address the feasability of establishing a private company that specializes in providing commercial launch services for not only Daobac, but for the international community as well. It is known that Daobac's position in the world's equator gave it a strategic resource that can be commercialized. Rocket launches undertaken at the equator requires less propellant which would lead to more economically efficient launches and/or a launch vehicle can carry more payload for the same fuel amount when compared to launches outside of the equator.

Launch Vehicles

Vehicle	Origin	Payload mass to ... (kg)			Orbital launches incl. failures	Date of flight
		LAO	GTO	Other		First	Latest
Dragon 1	Daobac	25	n/a	n/a	XXX	1975	2022
Dragon 1	Daobac	25	n/a	n/a	XXX	1975	2022