The Space Investor - 🚀 Intuitive Machines To Go Public

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• The end-to-end space exploration company plans to deliver lunar access, lunar data services, lunar mobility and more, and has won three NASA contracts under the Commercial Lunar Payload Services program.
   
• The deal plans to add up to $338M in cash to the company's balance sheet. The transaction is expected to close in Q1 2023 and will trade on the Nasdaq under ticker symbol $LUNR.

• Cash & Equivalents: $458M
• Revenue: $48.5M, +59% YoY
• Customer Count: 855, +17% YoY
• Recurring Annual Contract Value: 93%
• Gross Margin: 48% vs. 35% YoY
• Net Loss: $(39.6)M vs. $(20.4)M
• Adj. EBITDA: $(10.5)M vs. $(8.4)M
• Share Price: +13.5%

• B. Riley initiated Terran Orbital ($LLAP) at ‘Buy’, eyeing over +100% of upside.
   
• Deutsche Bank initiated Rocket Lab ($RKLB) as both a 'near-term Buy Catalyst Call' and a 'long-term Buy'.
   
• Deutsche Bank maintained a 'Buy' on Astra ($ASTR), cutting the price target from $6 to $2 per share.

• The hedge fund said AST is "an ambitious, wildly risky science project that has no business (literally) being public."
   
• The firm also stated that AST does not have "credible ability" to bring to reality the "dream of connecting billions of people with mobile broadband directly to their phones from space."
   
• The firm expects further delays in AST's BlueBird-1 program, which it states is already running two years behind schedule.

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