The Space Investor - 🚀 ULA Seeking New Owner

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• The potential sale has not yet been disclosed publicly, but three sources confirmed by ArsTechnica note that "potential buyers have been contacted about the opportunity."
   
• Sources also noted that "a deal is expected to be closed before the end of this year" and advisors Morgan Stanley and Bain & Company "are managing the transaction."
   
• ULA is a joint venture between Boeing ($BA) and Lockheed Martin ($LMT) dating back to 2005.

• $SPCE
  • Cash & Equivalents: $980M
  • Revenue: $2.3M, -30% YoY
  • Net Loss: $(500)M vs. $(353)M
  • Adj. EBITDA: $(431)M vs. $(245)M
  • FCF: $(397)M vs. $(235)M
  • Shares: -17.7%
• $RKLB
  • Cash & Equivalents: $243M
  • Revenue: $211M, +239% YoY
  • Net Loss: $(136)M vs. $(117)M
  • Adj. EBITDA: $(39)M vs. $(44)M
  • FCF: $(397)M vs. $(235)M
  • Shares: -2.2%
• $GSAT
  • Cash & Equivalents: $32M
  • Total Revenue: $149M, +19% YoY
  • Net Loss: $(257)M vs. $(113)M
  • Adj. EBITDA: $57M, +48% YoY
  • Total Avg Subscribers: 768,391
  • Shares: -7.8%
     
  • Apple ($AAPL) is lending the Company $252M to help cover upfront costs as prepayment for upgrading its LEO satellite constellation.

• Established new wholly-owned subsidiary, Rocket Lab Australia, to explore opportunities to support the expansion of Australia’s national space capabilities.
   
• Signed multi-launch deal for four dedicated Electron missions for Capella Space, along with a standalone mission. Launches are scheduled to beginning in the second half of 2023.
   
• Plans for two dedicated Electron missions in March from two continents - USA and New Zealand - for customers BlackSky ($BKSY) and Capella Space.
   
• CNBC Space Reporter Michael Sheetz spoke with CEO Peter Beck who said the following about their earnings report: “We pride ourselves on executing and we’ll back ourselves to execute this year.”

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