The Space Investor - 🚀 Astra's Fifth Anomaly

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The Space Scoop
Week Ended 06.17.2022

Happy Friday! It was quite the busy week that included an Astra launch failure, Planet's first quarter earnings and nearly $2 billion dollars of capital raised led by SpaceX. Lets dive in.

📈 Market Max-Q

S&P 500: 3,674.78 -5.8%
NASDAQ: 10,798.36 -4.8%

UFO: 20.21 -4.6%
ROKT: 34.47 -6.9%
ARKX: 13.51 -5.1%
ORBT: 15.88 -3.9%
SSIT: 68.0 -15.0%

SIDU: 6.16 +310.7%
LLAP: 5.34 +21.7%
MYNA: 7.01 -16.4%
ASTR: 1.63 -19.3%

1W return as of 4:00pm EDT.

🚀 Top Stories

1) Astra's ($ASTR) launch for NASA TROPICS-1 mission experienced an anomaly over the weekend and shares fell -23.8% on Monday.

Per the company, Rocket 3.3's "upper stage shut down early and did not deliver the payloads to orbit."
Stakes are high now as NASA needs to have four of the planned six TROPICS satellites in orbit to be successful: “The next two launches need to work” said CEO Chris Kemp.

2) SpaceX has raised $1.685B from 74 investors, according to an SEC filing.

The valuation was not disclosed but per a previous CNBC report, it likely has boosted the company's valuation to ~$127B.

3) Planet ($PL) reported first quarter 2023 financial results on Tuesday after market close. Highlights include:

Cash: $484.5M
Revenue: $40.1M, +25.6% YoY
Adj. EBITDA: ($16.3)M vs. ($3.7)M YoY
NRO Contract: $146M over five years
Shares: -11.5%

4) Bank of America stated Terran Orbital ($LLAP) could double in price.

On Wednesday, analyst Ronald Epstein was out with a bullish note that “the largest part of its growth story is in its infancy.”
The firm issued a 'Buy' rating and $9 per share price target. Shares closed +13.8% higher.

🛰️ In Other News

Okapi:Orbits Raises €5.5M Seed Round (SpaceNews)
The German-based startup offers space traffic management software to over 50 current satellites. The round was led by Munich Re Ventures, with participation from Dolby Family Ventures, Herius Capital and APEX Ventures.

Earth Blox Raises £1.5M in Funding (Company)
The Scottish startup is the developer of no-code earth observation cloud based SaaS. The funding was raised from Archangels, the world’s longest running business angel investment syndicate.

FAA Concludes Environment Review of SpaceX's Boca Chica Site (CNBC)
The company's famous Starship build and launch site is allowed to move forward as the FAA found no significant impact but is placing a number of conditions on the company to preserve the local environment. Elon Musk said SpaceX will have Starship "ready to fly" in July and "We will have a second Starship stack ready to fly in August and then monthly thereafter."

Impulse Space Raises $10M in Funding (BusinessWire)
The in-space transportation startup has secured additional capital from VC firm Lux Capital. This follows the companies March 2022 $20M seed round led by Founders Fund.

BirdsEyeView Raises Seed Round (PEWire)
The U.K.-based startup focuses on weather-based event insurance products. The funding amount was undisclosed and the round was led by SFC Capital and the European Space Agency.

Karmin Space & Defense Acquires MG Resign Technology (PRNewswire)
Partnering with Cornerstone Research Group, Karmin has acquired the MG Resin family of technologies, representing an expansion of core competencies in integrated composite systems for space & defense applications.

📊 Chart of the Week

Sidus' ($SIDU) Wild Week: After announcing its role in NASA's multi-billion xEVAS contract on Wednesday, shares of the micro-cap company soared +225.0%. By Thursday, shares were up over +500.0% before cooling down Friday.

🔗 Links

• AST SpaceMobile ($ASTS) Announces Summer Launch Date of BlueWalker 3

• Sidus Space ($SIDU) Joins Raytheon ($RTX) Unit Team for NASA’s $3.5B xEVAS Contract

• Momentus ($MNTS) First Demonstration Mission Update #3

• Spire ($SPIR) Obtains $120M Credit Facility From Blue Torch Capital

• Northrop Grumman ($NOC) Choses Mynaric ($MYNA) As Sole Laser Communication Supplier for SDA’s T1TL Program

• L3Harris ($LHX) in Talks To Take Over NSO Group’s Surveillance Technology

• Starlink and OneWeb Reach Spectrum Coordination Plan

• Planet ($PL) and Bayer ($BAYRY) Expand Strategic Relationship

• BlackSky ($BKSY) Announces New CFO and Reaffirms 2022 Revenue Guidance

• Viasat ($VSAT) To Conduct 5G Network Research With DoD

• Firefly Aerospace CEO Tom Markusic Transitions to Board Member

🗣️ Opinion

• Astra ($ASTR) Failed Launches Not Yet Growth’s Death Knell

• Valuing AST SpaceMobile ($ASTS) and Globe Telecom’s Partnership

• Down 53%, Is Virgin Galactic ($SPCE) a Buy?

• Funding on the Frontier

• BlackSky ($BKSY): The View From Above

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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.

The Space Investor - 🚀 Astra's Fifth Anomaly

📈 Market Max-Q

🚀 Top Stories

🛰️ In Other News

📊 Chart of the Week

🔗 Links

🗣️ Opinion

Older messages

🚀 Starlink IPO Still Years Away

🚀 Astrocast Acquires Hiber

🚀 NRO Awards Billions

🚀 The Most Valuable Startup

🚀 Q1'22 NewSpace Earnings II

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