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The Daobac Space Corporation (Daoan: Công ty Vũ trụ Đảo Bắc), commonly abbreviated as the DSC (CVD in native spelling), is a private joint venture company based in Daobac that provides commercial launch services member states of the Association of Ozeros Nations as part of the International Aeronautical Union, 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 Phoenix 1 MLV is capable of delivering payloads up to 16,800 kilograms whereas the Phoenix X HLV is capable of payloads of up to 63,800 kilograms. The Phoenix's nature as a (partially) reusable vehicle and 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, 2006. Currently 81.5% of the company's shares are owned by members of the Association of Ozeros Nations whereas the remaining 19.5% are distributed among foreign shareholders. (See more...)
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