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The Space Investor - 🚀 AST SpaceMobile Deploys BW3

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The Space Scoop
Week Ended 11.18.2022
Happy Friday! It was a quieter week that included remaining Q3 earnings, an ASTS BW3 success, and a new potential SpaceX funding round. Lets dive in.

Note: You will see us in your inbox earlier next Friday as U.S. markets close at 1:00pm EDT. 

📈 Market Max-Q
S&P 500: 3,965.33 -0.7%
NASDAQ: 11,146.07 -1.6%

UFO: 20.33 -3.7%
ROKT: 39.16 -0.4%
ARKX: 13.17 -3.7%
SSIT: 52.6 +4.1%

SATX: 42.85 +257.7%
SIDU: 2.01 +12.7%
RKLB: 4.60 -18.3%
ASTS: 6.60 -25.3%

1W return as of 4:00pm EDT.

🚀 Top Stories
1) Following a massive Q3 NewSpace earnings week last week, only a few remaining names were left to report. Highlights include:
  • $SIDU
    • Cash & Equivalents: $4.4M
    • Revenue: $1.3M, +164% YoY
    • Net Loss: $(3.9)M vs. $(622.7)K YoY
    • New Purchase Orders: $1.9M
    • Shares: -2.8%
  • $GILT
    • Cash & Equivalents: $68.4M
    • Revenue: $60.4M, +21% YoY
    • Net Income: $2.1M vs. Breakeven
    • Adj. EBITDA: $7.3M, +88% YoY
    • Shares: +3.8%
  • $ASTS
    • Cash & Equivalents: $199.5M
    • Revenue: $4.2M, +70% YoY
    • Net Loss: $(9.7)M vs. $4.1M YoY
    • BW3 Capitalized Costs: $92.1M
    • Capitalized P&E.: $43.5M
    • Shares: -6.1%
2) AST SpaceMobile ($ASTS) successfully deployed BlueWalker 3 in low-Earth orbit.
  • The company's 693-square foot test satellite is estimated to have a field of view of over 300,000 square miles on the Earth's surface.
     
  • "The successful unfolding of BW3 is a major step forward for our patented space-based cellular broadband technology and paves the way for the ongoing production of our BlueBird satellites,” said CEO Abel Avellan.
3) SpaceX is rumored to raise new capital at a $150B valuation (though Elon isn't buying it).
  • The size of the funding wasn't disclosed, but the valuation would be a +20% increase over the $125B from earlier this year. SpaceX's CEO tweeted that the report was "false" but did not elaborate any further.

🛰️ In Other News
Gravitics Raises $20M Seed (TechCrunch)
The space hardware and infrastructure startup emerged from stealth this week with a plan to supply the space stations of the future. The funding was led by Type One Ventures, with participation from Draper Associates, FJ Labs, The Venture Collective, Helios Capital, Giant Step Capital, Gaingels, Spectre, Manhattan West and Mana Ventures.

🔭 Image of the Week
One word: Artemis. (Source)

🔗 Links
• Maxar-Built ($MAXR) Galaxy 31 & 32 Satellites for Intelsat Performing Properly After Launch

• Terran Orbital ($LLAP) Sees Staff Departures As It Turns Focus to Military Satellites

• SpaceX Just Bought a Big Ad Campaign on Twitter for Starlink

• Spire ($SPIR) Reveals Larger, New-Gen 16U Satellite Bus

• Microsoft ($MSFT) and Planet ($PL) Expand Partnership To Provide AI and Satellite Data for African Climate Adaptation Projects

• Astra ($ASTR) Releases Rocket 4 Payload User Guide

• Spire ($SPIR) Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

• NGA Doubles Value of Five-Year Economic Indicator Monitoring Contract With BlackSky ($BKSY) to $60M

• Momentus’ ($MNTS) Vigoride Spacecraft Arrives at SpaceX Launch Site for Second Demonstration Mission in December

• Sidus ($SIDU) Engages GTM Advanced Structures To Integrate Space-Proven Solar Panels Into LizzieSat

🗣️ Opinion
• Artemis Launches Need To Set the World on Fire | Op-Ed

• A Different Space Race: Raising Capital and Accelerating Growth

• A Pivot Point for Space Startups

• AST SpaceMobile ($ASTS): Steady Progress Towards Commercialization

• Momentus ($MNTS): Jury Is Still out Concerning Its Future

• Is Danger Lurking for Aerojet ($AJRD) Stock?

📅 Earnings Calendar
• $PL: December 14 - After Market Close

*Company confirmed dates only.
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