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

The Space Investor - 🚀 Cathie Wood Buys $RKLB Dip

View this email in your browser
The Space Scoop
Week Ended 09.22.2023
Happy Friday! Rocket Lab shares continued near-term pain following a launch anomaly, AST SpaceMobile claimed success in 5G mobile cellphone connectivity to BW3, Maxar has split into two entities, and Satellogic reported 1H'23 earnings along with returning to the U.S. Lets dive in.

Market Max-Q

Top Stories
1) Rocket Lab's ($RKLB) launch failure sent shares tumbling again this week. 
  • The Company's 19 consecutive successful launch streak ended, making this the fourth anomaly in 41 flights. The 90% success rate, while not on par with SpaceX, blows away other small satellite competitors.
     
  • The issue stemmed from Electron's upper stage ~2.5 minutes post-liftoff from New Zealand and lead to the loss of a commercial radar surveillance satellite from Capella Space.
     
  • Shares fell -7.5% on the news and closed the week down -12.5%. Another point for those not building space companies in the public domain..
     
  • This follows after the -17% week last week on Peter Beck selling some shares. Positive news to some, Cathie Wood of $ARKX bought the dip this week. Check out the 'Chart of the Week' below for more deets.

2) AST SpaceMobile ($ASTS) claimed success in achieving the first ever space-based 5G cellular broadband connectivity to an everyday cellphone.
  • Company engineers demonstrated the connectivity by placing a call from Maui, HI to a Vodafone engineer in Madrid, ES using AT&T ($T) spectrum and BW3 test satellite.
     
  • They also shared a video this time rather than just a press release.
     
  • Shares rose +8.7% on the news and finished the week higher by +2.1%.

3) Satellogic ($SATL) reported 1H'2023 earnings on Thursday. Highlights include:
  • Cash & Equivalents: $42M
  • Revenue: $3.2M, +33% YoY
  • Net Loss: $(30)M vs. $(8)M
  • Adj. EBITDA: $(24)M vs. $(27)M
  • Shares: -13.1%
     
  • The biggest news is that the company will be re-domiciling in the United States (Delaware) in 1H'2024. Quarterly earning reports here we come.

In Other News
Kayan Space Raises Oversubscribed $7M Seed Extension Round (Company)
The software and solutions for space mission operations startup will use the funding to accelerate commercial delivery of Pathfinder 3.0, its autonomous space traffic coordinate framework. The round was led by Space Capital and EVE Atlas.

Maxar Splits Into Two Separate Entities (SpaceNews)
Following the $6.4B acquisition by PE firm Advent International, the now private company has split into Maxar Space Infrastructure and Maxar Intelligence, with two separate CEOs. The new entities have also downsized and believe the new structure will help generate more growth.

Chart of the Week
ARK Buys the Dip in Rocket Lab: With $RKLB shares falling by double digits in back-to-back weeks, Cathie Wood of ARK Invest Space Exploration & Innovation ETF ($ARKX) stepped in and made her first purchase of a space SPAC in a few months, picking up 207K shares worth $936K. 

Links
• Ten Satellites Incorporating Terran Orbital's ($LLAP) Buses Launch as Part of SDA’s Tranche 0 Mission

• Sidus ($SIDU) Secures Position on Upcoming SpaceX Bandwagon Mission

• Terran Orbital ($LLAP) Announces Pricing of $32.5M Offering

• Momentus ($MNTS) To Provide Delivery Service for Aarhus University Payload

• Viasat ($VSAT) Announces Pricing of $733.4M of Senior Notes

• Spire ($SPIR) Awarded $2.8M Contract by NOAA for Satellite Weather Data

• Intuitive Machines ($LUNR) Files S-1 Prospectus Related to 9.4M Warrants and 14.1M Common Stock

Opinion
• Rocket Lab’s ($RKLB) Recent Setback: Implications and Financial Outlook

• SpaceX Launches a Debate on Monopolies

• Battle of the Funds: Do VC Specialists Outperform Generalists?

• The Artemis Accords: Changing the Narrative From Space Race to Space Cooperation
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

🚀 $ASTR's Reverse Split

Sunday, September 17, 2023

Plus $RKLB shares fall on CEO sale, $MYNA earnings, $SPCE's next flight and more! View this email in your browser The Space Scoop Week Ended 09.15.2023 Happy Friday! It was a tame week for market

🚀 SPACs Issue $500M+ Offerings

Saturday, September 9, 2023

Plus $PL and $SATX earnings, $LLAP new product line, Anduril acquires Blue Force and more! View this email in your browser The Space Scoop Week Ended 09.08.2023 Happy Friday! It was a week of earnings

🚀 MDA Acquires SatixFy UK

Friday, September 1, 2023

Plus $SPIR 1-for-8 reverse stock split, $GSAT new CEO, $LUNR's $20M investment and more! View this email in your browser The Space Scoop Week Ended 09.01.2023 Happy Friday! And Happy Labor Day

🚀 Sidus Acquires Exo-Space

Saturday, August 26, 2023

Plus $MNTS reverse split, $RKLB 40th Electron launch and more! View this email in your browser The Space Scoop Week Ended 08.25.2023 Happy Friday! It was a generally quiet week on the news front unless

🚀 Q2'23 Space Earnings II

Friday, August 18, 2023

Plus SpaceX turns a profit, $SPIR hires a new CFO and more! View this email in your browser The Space Scoop Week Ended 08.18.2023 Happy Friday! Q2 earnings were hot and heavy on Monday and have now

You Might Also Like

Inside Meta’s dehumanizing new speech policies for trans people

Friday, January 10, 2025

"A trans person isn't a he or she, it's an it," reads a new guideline telling moderators what is now allowed on Facebook and Instagram Platformer Platformer Inside Meta's

🗞 What's New: A casual tweet from Marc Lou turned into a huge meetup

Thursday, January 9, 2025

Also: A $1.4K/night business ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⏳ 72 HOURS LEFT — Accelerate your ecommerce destiny!

Thursday, January 9, 2025

Learn from world-class mentors and make your first sale in just 5 days. Hi Friend , The countdown is on—less than 72 hours left until the Make Your First Shopify Sale 5-Day Challenge kicks off! If you

SaaSHub Weekly - Jan 9

Thursday, January 9, 2025

SaaSHub Weekly - Jan 9 Featured and useful products JitBit Helpdesk logo JitBit Helpdesk JitBit is a web-based help desk and ticketing software solution #Customer Service #Customer Support #Help Desk

[SaaS Club] Rescuing & Rebuilding an Enterprise SaaS

Thursday, January 9, 2025

The SaaS Club Newsletter Hey Reader Here's a quick round up of what's been going on at SaaS Club: In this week's newsletter: 🎙️ Rescuing and rebuilding a struggling SaaS 🤝 A next-gen CRM

Monk Mode

Thursday, January 9, 2025

Some self-experiments for the start of 2025 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Growth Newsletter #232

Thursday, January 9, 2025

How to choose a topic that makes money ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Behind the founder: Drew Houston (Dropbox)

Thursday, January 9, 2025

Drew Houston opens up about battling against big tech, building and rebuilding culture, finding purpose, and more ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⏰ 4 days to go...join this 5-day ecommerce challenge

Thursday, January 9, 2025

7+ world-class mentors to help build and validate your ecommerce business. Hi Friend , Just 4 days to go before we start revolutionizing YOUR ECOMMERCE JOURNEY. Are you in? If you feel like you're

Revolut plots to lure wealthy clients

Thursday, January 9, 2025

+ Should Europe be more like the US?; Gulf countries cut funding to European startups View in browser Sponsored by Salesforce Good morning there, How are your New Year's resolutions holding up? As