The Space Investor - 🚀 Terran Orbital's $2.4B Win

View this email in your browser
The Space Scoop
Week Ended 02.24.2023
Happy Friday! Intuitive Machine shares went for another wild ride this week while Terran Orbital announced a $2.4B contract and Redwire announced a collaboration with Starfish Space. Maxar and EchoStar reported FY 2022 earnings and Vast acquired Launcher. Lets dive in.

Market Max-Q

Top Stories

1) Redwire ($RDW) announced a partnership with Starfish Space to provide their ARGUS space domain awareness camera, Otter Pup, for Starfish's first satellite docking mission.
  • Starfish's mission will demonstrate the first-ever docking of two commercial satellites in low-Earth orbit.
     
  • Redwire also secured a contract option with to demonstrate their Cerebro Resident Space Object tracking software in orbit upon the completion of the primary mission.
     
  • Shares fell -0.8% on the day.
2) Terran Orbital's ($LLAP) subsidiary won a $2.4B contract with Rivada Space Networks to design, build and deploy 288 LEO satellites. 
  • The contract was awarded to the Company's subsidiary, Tyvak Nano-Satellite Systems, who will also develop 12 “spare” satellites bringing the total to 300 spacecraft.
     
  • Rivada Space Networks is a subsidiary of Rivada Networks, a U.S.-based wireless technology company focused on open-access wholesale and the convergence of terrestrial and satellite communications.
     
  • Rivada expects to begin deploying its constellation as early as 2025, with the anticipated launch of four of our satellites. The clock starts ticking now..
     
  • Shares rallied +71.4% on Wednesday and closed the week +50.0% higher.
3) FY 2022 space earnings continued this week with Maxar and EchoStar reporting. Highlights include:
  • $MAXR
    • Cash & Equivalents: $52M
    • Revenues: $1,605M, -9% YoY
    • Net Income: ($150)M vs. $46M YoY
    • Adj. EBITDA: $286M, -33% YoY
    • Shares: Flat
  • $SATS
    • Cash & Equivalents: $1.7B
    • Revenue: $2B, flat YoY
    • Net Income: $167M, +165% YoY
    • Adj. EBITDA: $656M, -9% YoY
    • Subscribers: 1,228,000
    • Shares: +14%

In Other News

Vast Acquires Launcher (Company)
The space habitat company announced the acquisition of Launcher on Tuesday for an undisclosed amount. This provides Vast with "an established set of talent to accelerate in-house advanced manufacturing and development capabilities as well as spacecraft technologies."

Firefly Seeks $300M Raise (SEC)
Per an SEC filing that dated earlier this month, the launch company has currently raised $30.2M of a $300M equity raise from three investors. More to come on this.

Chart of the Week

LUNR's Wild Week: From over +220% higher to finishing the week -37%, Intuitive Machine's de-SPAC IPO spectacle continued in the holiday shortened week.

Links

• Maxar ($MAXR) To Provide Environmental Monitoring for Government of Guyana

• Sidus ($SIDU) Secures Additional Transporter Launches With SpaceX

• Planet ($PL) and ASU Expand Partnership To Build Global Scale Solutions for Sustainability

• Momentus ($MNTS) Vigoride-5 Status Update #3

• Momentus ($MNTS) Provides 2023 Missions Update

• Momentus ($MNTS) Receives $10M Investment

• Maxar ($MAXR) Launches SYNTH3D Digital Twin for Metaverse, Simulation and VR Applications

Opinion

• Predicting SpaceX’s 2023 Revenue

• The Growing Chinese Space Threat

• Trials and Tribulations of Planetary Smallsats

• Iridium ($IRDM): Improving Moat, but Wait for a Pullback

• AST SpaceMobile ($ASTS): Upcoming Catalysts To Drive Share Price Higher

Earnings Calendar

$RKLB: February 28 - After Market Close
$SPCE: February 28 - After Market Close
$BKSY: March 7 - Before Market Open
$SPIR: March 8 - After Market Close
$LLAP: March 21 - Before Market Open


*Company confirmed dates only.
Forward Forward
Questions? Feedback? Just 'Reply' to this email.
Copyright © 2023

TheSpaceInvestor
400 E 20th St
New York, NY 10009-8101

Add us to your address book!

Unsubscribe

Email Marketing Powered by Mailchimp
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.

Key phrases

Older messages

🚀 $LUNR Soars in Public Debut

Saturday, February 18, 2023

Virgin Orbit provides anomaly update, SpaceRyde files for bankruptcy, FY2022 space earnings and more! View this email in your browser The Space Scoop Week Ended 02.17.2023 Happy Friday! It was an

🚀 Starlink Generates a Profit

Friday, February 10, 2023

Intuitive Machines SPAC approved, Voyager Space raises $80.2M, and Viasat reports Q3'23 earnings! View this email in your browser The Space Scoop Week Ended 02.10.2023 Happy Friday! What a week.

🚀 Virgin Orbit in Trouble?

Friday, February 3, 2023

Sidus tanks on public share offering, $RKLB is Deutsche Bank's top pick for 2023, two startup raises and more! View this email in your browser The Space Scoop Week Ended 02.03.2023 Happy Friday!

🚀 Electron Launches from U.S.

Friday, January 27, 2023

Q4 earnings season kicks off, Wall Street analyst upgrades / downgrades, and more! View this email in your browser The Space Scoop Week Ended 01.27.2023 Happy Friday! Q4 / FY2022 Space earnings kicked

🚀 2022 Space Investment -60%

Friday, January 20, 2023

CesiumAstro makes an acquisition, Stell pre-seed, ClearSpace series A and more! View this email in your browser The Space Scoop Week Ended 01.20.2023 Happy Friday! Besides two funding rounds and an

You Might Also Like

The Growth Newsletter #167

Friday, March 29, 2024

Wallet Opening Words that increase conversions ‌ ‌ ‌ Demand Curve Read on demandcurve.com The Growth Newsletter #167 Wallet Opening Words that increase conversions Copywriting is one of the most

The maturation of Munich

Friday, March 29, 2024

Does Europe need the "next Silicon Valley"? The frantic search for buried hydrogen and a big raise for industrial automation. View in browser Morgan Stanley flagship logo Good morning there,

Inside Grindr's plan to squeeze its users

Friday, March 29, 2024

The company's bet on AI boyfriends and other paywalled features is making some employees nervous Platformer Platformer Inside Grindr's plan to squeeze its users By Zoë Schiffer • 28 Mar 2024

Inside Grindr's plan to squeeze its users

Friday, March 29, 2024

The company's bet on AI boyfriends and other paywalled features is making some employees nervous Platformer Platformer Inside Grindr's plan to squeeze its users By Zoë Schiffer • 28 Mar 2024

SaaSHub Weekly - Mar 28

Thursday, March 28, 2024

SaaSHub Weekly - Mar 28 Featured and useful products Loach logo Loach Say goodbye to unachieved OKRs with Loach, an OKR management solution that empowers your team to seamlessly align their daily work

84 new Shopify apps for you 🌟

Thursday, March 28, 2024

New Shopify apps hand-picked for you 🙌 Week 12 Mar 18, 2024 - Mar 25, 2024 New Shopify apps hand-picked for you 🙌 What's New at Shopify? 🌱 New login requirements for the Order Status Page Changed ⸱

We've Been Tinkering

Thursday, March 28, 2024

Join Our Beta! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

AMA with Chiedo John, Director of Growth @ GitHub

Thursday, March 28, 2024

Live on Wednesday, April 3rd, starting at 9 AM PST͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

red hot startup intel

Thursday, March 28, 2024

FULL SWOT analysis on Ramp, Databricks, Cohere, Devoted Health, and Coalition inside Scouting Reports on 🔥 Startups Download Now Hi there, Psst. Want competitive intel on the top 5 industry leading

The Ultimate Amazon Guide: Strategies For Sellers In 2024

Thursday, March 28, 2024

Learn from Melisa Vong for FREE in the Start Your Ecommerce Business Summit ! Another day, another exciting opportunity to introduce you to one of our 20+ ecomm trailblazers in the Start Your Ecommerce