The Space Investor - 🚀 Virgin Orbit's $17M Bid

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• $LLAP
  • • Cash & Equivalents: $57M
    • Revenue: $28M, +115% YoY
    • Net Loss: $(55)M vs. $(72)M
    • Adj. EBITDA: $(23)M vs. $(15)M
    • Backlog: $2.5B
    • Shares: -17.7%
     
• $SIDU
  • • Cash: $3M + $11M from Offering
    • Revenue: $2M, +26% YoY
    • Net Loss: $(4)M vs. $(2)M
    • OpEx: $4M vs. $3M
    • Shares: -4.1%
• $ASTS
  • • Cash & Equivalents: $186M
    • Revenue: $0 vs. $2.3M YoY
    • OpEx: $45M vs. $43M
    • BW3 Capitalized Costs: $93M
    • Net Loss: $(16)M vs. $(11)M
    • Shares: -0.8%
     
• $ASTR
  • • Cash & Equivalents: $63M
    • Revenue: $0 vs. $4M YoY
    • Net Loss: $(45)M vs. $(86)M
    • Adj. EBITDA: $(42)M vs. $(48)M
    • Shares: -9.5%
     
• $VSAT
  • • Cash & Equivalents: $1.4B
    • Revenue: $2.6B, +6% YoY
    • Net Income: $1.1B vs. $(16)M
    • Adj. EBITDA: $583M, -5% YoY
    • Shares: +6.8%

• On early Wednesday morning, VO announced via a bankruptcy court document, that Stratolaunch placed a floor bid of $17M for Cosmic Girl and other aircraft related assets. Stratolaunch is owned by PE firm Cerberus Capital Management.
   
• A stalking horse bid is in bankruptcy as the floor price bid in an auction. It is not considered binding and other interested bidders must bid above this amount to attain the same asset or entire Company's assets.
   
• This follows the news of 30 indications of interest the Company has received so far. The deadline to submit asset bids was today at Noon EST. Lets see what kind of news we get come next week.

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