1. Home
  2. Discover
  3. Startup
  4. The Space Investor

The Space Investor - 🚀 ASTS Makes History

View this email in your browser
The Space Scoop
Week Ended 04.28.2023
Happy Friday! Q1 Space earnings kicked off this week and next month's calendar is filling up nicely, with plenty of Space SPACs announcing their reporting dates. Lets dive in.

Market Max-Q

Top Stories
1) Q1 2023 Space Earnings kicked off with Primes this week. Highlights include:
  • $BA Defense, Space & Security:
    • Revenue: $6,539M, +19% YoY
    • Oper. Loss: $(212)M vs. $(929)M
    • Oper. Margin: (3.2)% vs. (16.9)%
    • Shares: +0.4%
       
  • $GD Aerospace:
    • Revenue: $1,892M, -1% YoY
    • Oper. Earnings: $229M, -6% YoY
    • Oper. Margin: 12.1% vs. 12.8%
    • Total Backlog: $19,337M
    • Shares: -3.6%
       
  • $NOC Space Systems:
    • Revenue: $3,350M, +17% YoY
    • Oper. Income: $313M, +20% YoY
    • Oper. Margin: 9.3% vs. 9.1%
    • Shares: -8.1%
       
  • $HON Aerospace:
    • Revenue: $3,111M, +13% YoY
    • Gross Profit: $827M, +10% YoY
    • Oper. Margin: 26.6% vs. 27.4%
    • Shares: +4.0%
       
  • $SATL
    • Cash & Equivalents: $76.5M
    • Revenue: $6.0M, +42% YoY
    • Net Loss: $(36.6)M vs. $(96.3)M
    • Adj. EBITDA: $(56.0)M vs. $(31.8)M
    • Shares: +3.6%
2) AST SpaceMobile ($ASTS) completed their first ever space-based voice call using everyday smartphones.
  • Making history, ASTS announced success of the first two-way voice call using the BlueWalker 3 satellite, demonstrating a significant advancement in AST's mission to provide global connectivity.
     
  • The call was made from the Midland, TX area to Rakuten ($RKUNY) in Japan over AT&T ($T) spectrum using a Samsung Galaxy S22 smartphone.
     
  • "While we take a moment to celebrate this tremendous accomplishment, we remain focused on the path ahead and pivotal next steps that get us closer to our goal of transforming the way the world connects,” said Abel Avellan, Chairman and CEO of AST SpaceMobile.

In Other News
Astroscale Secures ¥3B Loan with Mizuho Bank (Company)
The Company entered into a loan agreement with Mizuho Bank to provide additional financial support for current and future projects to accelerate business development efforts. This deal brings the cumulative debt raised by Astroscale to ¥11B (~$83M).

Mynaric Raises €80.6M Debt/Equity Financing (Company)
$MYNA raised the capital to refinance existing debt and support further growth. Under the arrangement, the Lenders will provide €68.2M via a secured five-year term loan facility and two affiliates will acquire an equity stake of ~9.1% worth €12.4M.

Chart of the Week
April Performance: Planet ($PL) led the group at +12.1%, while Virgin Orbit ($VORBQ) fell -58.8% due its bankruptcy proceedings.

Links
• Sidus ($SIDU) Signs MOU With SkyServe for Real-Time Onboard Analytics

• BlackSky ($BKSY) Reseller Telespazio To Provide Spain High-Cadence, Low-Latency Imagery Service for Disaster Response

• Sidus ($SIDU) Closes $11.2M Public Offering

• Virgin Galactic ($SPCE) Announces Changes to Board of Directors

• Virgin Galactic ($SPCE) Completes Glide Flight From Spaceport America

• Terran Orbital ($LLAP) Receives Undisclosed “Milestone” Payment for $2.4B Contract With Rivada Space Networks

• Astra ($ASTR) Announces Spacecraft Engine Contract With Apex

• Exo-Space Hardware Delivered to Sidus ($SIDU) for Integration and Testing

Opinion
• SPACs Delivered Easy Money, but Now Companies Are Running Out

• Starship Enterprise: The Economics of Elon Musk’s Bold Bet

• Planet Labs ($PL): Profitability in Sight

• Terran Orbital ($LLAP): Shares Are Undervalued

• AST SpaceMobile ($ASTS) Screams ‘Watson, I’m Calling You From Space’

Earnings Calendar
• $RKLB: May 9 - After Market Close
• $SPCE: May 9 - After Market Close
• $BKSY: May 10 - Before Market Open
• $SPIR: May 10 - After Market Close
• $LUNR: May 10 - After Market Close
• $MDA: May 12 - Before Market Open
• $ASTS: May 15 - After Market Close
• $ASTR: May 15 - After Market Close

*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.

Older messages

🚀 Starship's Debut

Friday, April 21, 2023

$LMT and $IRDM kickoff Q1'23 earnings, $RKLB introduces hypersonic test flights, Orbit Fab raises $28.5M Series A and more! View this email in your browser The Space Scoop Week Ended 04.21.2023

🚀 ispace IPO Soars

Wednesday, April 19, 2023

Starship nears first orbital launch, Relativity Space pivots rockets and more! View this email in your browser The Space Scoop Week Ended 04.14.2023 Happy Friday! This week we added another space

🚀 Virgin Orbit Goes Bankrupt

Friday, April 7, 2023

Terran Orbital ($LLAP) files for $500M offering, new CFO in at Momentus ($MNTS) and more! View this email in your browser The Space Scoop Week Ended 04.07.2023 Happy Friday! In the holiday shortened

🚀 2022 NewSpace Earnings

Friday, March 31, 2023

Virgin Orbit ($VORB) ceases operations and lays off 90% of workforce, Lockheed ($LMT) launches new lunar focused company and more! View this email in your browser The Space Scoop Week Ended 03.31.2023

🚀 Virgin Orbit's Lifeline

Friday, March 24, 2023

SpaceX's new funding round, $LLAP and $MDA FY2022 earnings, $SPIR and $MNTS delisting warnings and more! View this email in your browser The Space Scoop Week Ended 03.24.2023 Happy Friday! This

You Might Also Like

#207 | Agentic Commerce, Energy Theses, State of Gen AI, & more

Sunday, November 24, 2024

Nov 24th | The latest from Scale, USV, Madrona, Menlo Ventures, Redpoint, and others ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

$12K/mo AI App for grandmas

Sunday, November 24, 2024

Starter Story Sunday Breakfast ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🎓 Learn from these legends to supercharge your 2025

Sunday, November 24, 2024

And save 40% while doing so with our greatest Black Friday deal ever! Black Friday_Header_2 Hey Friend , This Black Friday, you get the biggest, most lucrative sale we've ever offered—and with it,

The ultimate guide to founder-led sales | Jen Abel (co-founder of JJELLYFISH)

Sunday, November 24, 2024

Learn how to master founder-led sales with Jen Abel of JJELLYFISH: tips on outreach, leads, closing deals, and hitting your first $1M ARR ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🗞 What's New: ~40% of young adults get their news from influencers

Saturday, November 23, 2024

Also: "File over App" for digital longevity ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Initiator Creator - Issue 145

Saturday, November 23, 2024

Initiator Creator - Issue #145 - ( Read in browser ) ​By Saurabh Y. // 23 Nov 2024 Presented by NorthPoll​ This Week's Notes:​ ​Content-rich designs looks more convincing I just love how Basecamp

🛑 STOP EVERYTHING 🛑 BLACK FRIDAY IS NOW!

Saturday, November 23, 2024

This is your sign to take action—2025 could be your breakthrough year, but only if you start now. Black Friday_Header_2 Hey Friend , This is getting serious. We're handing over $1700 in value as

What’s 🔥 in Enterprise IT/VC #421

Saturday, November 23, 2024

Thoughts from Goldman's PICC + optimism for 2025? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

I'm blue

Saturday, November 23, 2024

Hey, ​ ​ tl;dr – I've decided to delete all my Twitter posts, lock down my account, and leave the platform. And I'm going all-in on Bluesky, which (in the last month) has become 1000x more fun

🚀 Globalstar to the Nasdaq

Saturday, November 23, 2024

Plus $RKLB CEO becomes a billionaire, DIRECTV $SATS debt deal called off, TEC's $160M Series B, and more! The latest space investing news and updates. View this email in your browser The Space