The Space Investor - 🚀 Starlink IPO Still Years Away

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The Space Scoop
Week Ended 06.10.2022
Happy Friday! Markets returned to their usual 2022-selves.. going down. Was that it for bear market rally? Time will tell. In other news, Elon said Starlink won't go public for a few more years and numerous space stocks are set to join the Russell indexes. Lets dive in.

📈 Market Max-Q

S&P 500: 3,980.85 -5.1%
NASDAQ: 11,340.03 -5.6%


UFO: 21.19 -6.5%
ROKT: 37.01 -4.2%
ARKX: 14.24 -5.9%
ORBT: 16.50 -5.1%
SSIT: 79.9 -3.7%


SATL: 4.84 +2.5%
ASTS: 6.41 -24.5%
LLAP: 4.39 -25.5%
VORB: 3.51 -29.1%


1W return as of 4:00pm EDT.

🚀 Top Stories

1) France has joined The Artemis Accords, becoming the 20th country to sign the US-led multi-lateral agreement.
  • The pact aims to govern how countries behave in space and on the moon and marks one of the most significant endorsements yet.
2) Elon Musk told SpaceX employees Starlink isn’t likely to IPO until "three or four years from now."
  • Per CNBC, Starlink's business needs to be “in a smooth sailing situation” with “good predictability.” He also noted that “the public markets are fickle” and “really pistol-whip you if you don’t meet expectations.”
3) Northrop Grumman ($NOC) has landed a $2 billion dollar multi-year contract with ULA.
  • The contract allows for increased production of its Graphite Epoxy Motor solid rocket booster. The award supports Amazon’s ($AMZN) Project Kuiper and additional ULA customers with increased production and a significant facility expansion.
4) Various Space Stocks will be added to the Russell 3000 and Russell Microcap indices during this year's annual rebalancing on June 27th.
  • Russell 3000 additions include: Astra ($ASTR), Momentus ($MNTS), Planet ($PL), Redwire ($RDW), Rocket Lab ($RKLB), Satellogic ($SATL), Spire ($SPIR), Terran Orbital ($LLAP) and Virgin Orbit ($VORB).
  • Russell Microcap additions include: Astra ($ASTR), BlackSky ($BKSY), Momentus ($MNTS), Redwire ($RDW), Satellogic ($SATL), Spire ($SPIR) and Terran Orbital (LLAP).

📊 Chart of the Week

According to BryceTech research, there has been a total of €5.97B invested in the United Kingdom space industry over the last 10 years across public and private investment.

🔗 Links

• SpaceX All Hands Presentation Shared by Elon Musk

• Ernst & Young Launches Satellite Image Processing Advisory Service

• Gilat ($GILT) Receives $8M+ Follow-On Order

• Starlink Regains Permission To Operate in France

• Virgin Orbit ($VORB) To Support UK and US Joint Mission from Cornwall

• Lockheed Martin ($LMT) Selects MDA ($MDA) for SDA’s T1TL LEO Constellation

• Redwire ($RDW) Contracted To Manufacture Antennas for National Security LEO Constellation

• Ask Me Anything With Astra ($ASTR) CEO

• Terran Orbital ($LLAP) Concludes Fleet Space CENTAURI-5 Bus Commissioning

Isar Aerospace and Exotrail Partner on Cloud-Based Space Mission Simulation Software

• Rocket Lab ($RKLB) Selected by Ball Aerospace ($BALL) To Power NASA’s GLIDE Spacecraft

• Maxar ($MAXR) Announces Pricing of $500M Senior Secured Notes

🗣️ Opinion

• Will the Economy Deflect the Trajectory of Space Startups?

• Boeing ($BA) Is Back in the Space Race

• FAA Overregulation Threatens America’s Future in Commercial Space

• How Space Debris Threatens Modern Life

• Rocket Lab ($RKLB) Is a Long-Term Buy

• Which ARK Space Exploration ($ARKX) Stocks Are Most Buyable?

📅 Earnings Calendar

• $PL: June 14 - After Market Close

*Company confirmed dates only.
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Disclaimer: The Space Investor ("TSI") does not provide financial advice. All content is for informational purposes only and is not a solicitation to buy or sell any assets. TSI is not a registered investment, legal, or tax advisor or a broker/dealer.

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