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

The Space Investor - 🚀 Viasat Acquires Inmarsat

View this email in your browser
The Space Scoop
Week Ended 06.02.2023
Happy Friday! It was a quiet week after the long holiday weekend here in the US. Lets dive in.

Market Max-Q

Top Stories
1) CNBC Space reporter Michael Sheetz provided followers insight from Jefferies equity research analysts on three space companies this week - two public and one private. 
  • Following a recent meeting with Relativity Space leadership, Jefferies notes that Terran R has an implied price of $55M per launch, although early customers "signed at a discounted rate" of ~$45M.
     
  • Following a recent meeting with Rocket Lab ($RKLB), Jefferies notes that their $16M purchase of Virgin Orbit ($VORB) assets in bankruptcy auction is worth ~$100M ($80M of equipment, $20M of real estate). Regarding Electron, Rocket Lab expects to increase launch cadence to 20 in 2024.
     
    • "There is likely capability to do 4 launches a month, but Rocket Lab doesn't envision the current demand to get there today."
       
  • As for Neutron: "Rocket Lab is taking a measured approach without any backlog. Signing customers today would likely require discounts for launch pricing, with Rocket Lab likely looking to start building a backlog 9-12 months from first launch."
     
  • Following a recent meeting with Mynaric ($MYNA) leadership, Jefferies notes that the company’s order backlog has grown from 10 terminals to 350 terminals over the last year. Jefferies believes the Company could be a $1B company in five years, citing the market growth in both space- and air-based demand for communications systems.

In Other News
ESpace Networks $10M Raises Series A Round (Business Wire)
The Florida-based software enterprise connectivity startup round was led by Columbia Capital. The capital will further advance intelligently managing connectivity of moving things.

Hubble Network Raises $20 Series A Round (TechCrunch)
The satellite network with plans to connect billions of bluetooth devices raised the capital in a round closed in March. The round was led by Transpose Platform, with participation from 11.2 Capital, Y Combinator, Yes.VC, Convective Capital, Seraphim Space, Type One Ventures, Soma, AVCF5, Space.VC and various angels.

Pixxel Raises $36M Series B Round (Company)
The hyperspectral earth-imaging startup raised the funds from new investors such as Google ($GOOGL), along with existing investors Radical Ventures, Lightspeed, Blume Ventures, growX, Sparta and Athera. Pixxel plans to advance its satellite constellation and data platform.

Fortify Raises $12.5M Funding (SpaceNews)
The Boston-based additively manufacturing startup raised from Lockheed Martin Ventures ($LMT) and Raytheon Technologies Ventures ($RTX), the first time the two competitors co-invested in the same startup round. Fortify plans to accelerate development of its digital composite manufacturing platform.

Chart of the Week
May Performance: In a bounce back month for equities, space stocks were overall mixed. Rocket Lab ($RKLB), AST SpaceMobile ($ASTS) and Planet ($PL) led to the upside at +18.0%, +15.3% and +14.5% while Terran Orbital ($LLAP) and Virgin Orbit ($VORBQ) led to the downside at -32.8% and -82.2%.

Links
• BlackSky ($BKSY) and SynMax Partnered To Monitor US Coal Powerplant Inventory.

• Viasat ($VSAT) Completes Acquisition of Inmarsat

• MDA ($MDA) and Thoth Technology Create Canadian Space Domain Awareness Capability

• Rocket Lab ($RKLB) Selected To Launch Telesat ($TSAT) Broadband Satellite

• Navidium Selects Spire ($SPIR) To Provide Ship-Tracking Data

• BlackSky ($BKSY) Awarded Multi-Million Contract for Advanced Tactical Imagery Services

• SatixFy ($SATX) Appoints Acting CEO

• Momentus ($MNTS) and Axient To Collaborate on Space Services From LEO to Cislunar Space

• Sidus ($SIDU) Awarded Additional Space Hardware Manufacturing in Support of NASA’s Artemis Program and SLS Vehicle

Opinion
• 2022 Space SPAC Guidance Analysis + 1Q23 Earnings Scorecard

• Space Investment in 2023: Better Than Expected?

• Are All Space Stocks Insanely Overpriced?

• Death of a Launch Company

• What a Debt Limit Deal Could Mean for NASA

Earnings Calendar
• $PL: June 8 - 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
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

🚀 RIP Virgin Orbit

Friday, May 26, 2023

AST SpaceMobile joining the Russell 2000 & 3000 indexes, Terran Orbital double downgraded by BofA and more! View this email in your browser The Space Scoop Week Ended 05.26.2023 Happy Friday! And

🚀 Virgin Orbit's $17M Bid

Friday, May 19, 2023

Plus $ASTS, $ASTR, $LLAP, $SIDU and $VSAT earnings! View this email in your browser The Space Scoop Week Ended 05.19.2023 Happy Friday! Q1 space earnings continued along with news out of Virgin Orbit

🚀 Q1'23 Space Earnings

Friday, May 12, 2023

$VORB bankruptcy sale update, $SPCE returning to the skies, $VSAT's Inmarsat acquisition approved and more! View this email in your browser The Space Scoop Week Ended 05.12.2023 Happy Friday! This

🚀 Starship's $2 Billion Cost

Friday, May 5, 2023

Maxar ($MAXR) acquisition completed, NUVIEW emerges from stealth, more Q1'23 earnings and more! View this email in your browser The Space Scoop Week Ended 05.05.2023 Happy Friday! It was a quiet

🚀 ASTS Makes History

Saturday, April 29, 2023

Q1 2023 Space earnings are underway, Astroscale secures ¥3 billion and more! View this email in your browser The Space Scoop Week Ended 04.28.2023 Happy Friday! Q1 Space earnings kicked off this week

You Might Also Like

🗞 What's New: How 5 vibe-coded games went viral w/out big audiences

Wednesday, March 12, 2025

Also: The definitive AI glossary ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⏳ 72 hours left! Don’t miss the biggest ecommerce sourcing event of the year

Tuesday, March 11, 2025

This is your last chance to join 9+ sourcing experts LIVE (for FREE!) Hey Friend , Time is running out! ⏳ In just 72 hours, the Ecommerce Product Sourcing & Manufacturing Summit goes live—and if

Positioning Startups in the Age of AI

Tuesday, March 11, 2025

Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here.​ ​Positioning Startups in the Age of AI​ How do you position and

AI strategies for industrials

Tuesday, March 11, 2025

where major players are making moves, and what it means for the future of the space Hi there, AI is top of mind for executives in the industrial sector – and for good reason. The biggest names in

[CEI] Chrome Extension Ideas #181

Tuesday, March 11, 2025

ideas for Twitter/X, YouTube, Email, and Notion ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

$2.7M ARR

Tuesday, March 11, 2025

IRL events coming to TGA ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Why you’re so angry at work (and what to do about it)

Tuesday, March 11, 2025

A practical framework for transforming big feelings into wisdom ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Growth Newsletter #244

Tuesday, March 11, 2025

How not to write a terrible cold email ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🛎️ Hey Friend , did you get your product costs wrong? (Here’s how to fix it)

Tuesday, March 11, 2025

Do this to lock in the best ALL-IN price from your supplier—no hidden fees, no last-minute price hikes eating into your margins. Hey Friend , Ask Kian Golzari, one of the top product sourcing experts

The next French unicorns

Tuesday, March 11, 2025

+ Arrival shuts down operations; 'another DeepSeek moment'? View in browser Powered by Vanta Author-Martin by Martin Coulter Good morning there, Chinese AI startup Monica has raised alarm bells