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.

Key phrases

The Space Scoop Week Jefferies equity research analysts Relativity Space leadership three space companies Wall Street coverage SATX new CEO long holiday weekend Mynaric MYNA leadership

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

This will make you a better decision maker | Annie Duke (author of “Thinking in Bets” and “Quit”, former pro poker…

Thursday, May 2, 2024

Annie is a former professional poker player, decision-making expert, author, and special partner at First Round Capital. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Why the F We’re Still Doing This, Xiaomi EV Launches, and 12 Startups Raised $320.8M Last Week

Thursday, May 2, 2024

Week of April 7, 2024 - 12 Silicon Valley Startups Raised $320.8M Last Week, Why The F We're Still Doing This, Why an Email Company Makes Sense for Intuit and Xiaomi EV Launch in Guangzhou ͏ ͏ ͏ ͏

Top 10 Most Funded AI Companies as of April 2024

Thursday, May 2, 2024

Week of April 15, 2024 - 13 Silicon Valley Startups Raised $298.1M Last Week, State of AAPI in Venture Capital and Generative AI Brings San Francisco Back from the Dead. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Race Capital Summit 2024 is a Wrap!

Thursday, May 2, 2024

Week of April 22, 2024 - 14 Silicon Valley Startups Raised $607.3M. How to Pitch Your Startup 101 in Boston. Midjourney + ChatGPT Functionality Launched in WhatsApp. Google Fires 28 Workers. ͏ ͏ ͏ ͏ ͏

Top 10 PR Tips for Startup Founders

Thursday, May 2, 2024

Week of April 29, 2024 - 16 Silicon Valley Startups Raised $513.6M. 🔥 Who Could Buy TikTok? 🎨 Sora of China is Born. 👂🏼 The Complete History & Strategy of Microsoft ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Nato turns to spacetech

Thursday, May 2, 2024

Plus: Blockchain startups to watch and the man aiming to build the world's largest network of EVs. View in browser Logo - Zoom_flagship (1) Good morning there, While private investors remain unsure

The Capex Conquest in the Cloud

Wednesday, May 1, 2024

Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here.​ ​The Capex Conquest in the Cloud​ Amazon announced their

62 new Shopify apps for you 🌟

Wednesday, May 1, 2024

New Shopify apps hand-picked for you 🙌 Week 17 Apr 22, 2024 - Apr 29, 2024 New Shopify apps hand-picked for you 🙌 What's New at Shopify? 🌱 Return rules in POS New ⸱ POS ⸱ 3 days ago Market

Linesaver

Wednesday, May 1, 2024

We keep your website up and running, even in times of heavy traffic BetaList BetaList Daily Linesaver We keep your website up and running, even in times of heavy traffic Too much email in your life?

"you been working out?"

Wednesday, May 1, 2024

Read time: 1 min, 29 sec a picture of me lasting 1.3 seconds in a cold plunge: Let me get this out of the way: I am not a fitness guru 😆 If you've ever seen me in person, then you've probably