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

The Space Investor - 🚀 Eutelsat & OneWeb Merge

View this email in your browser
The Space Scoop
Week Ended 09.29.2023
Happy Friday! It was a down week for markets as Q3 came to a close. Lets get right to it.

Market Max-Q

Top Stories
1) Rocket Lab ($RKLB) cut prior Q3 financial guidance following Electron anomaly.
  • On Tuesday, the Company announced adjustments to expected Q3 2023 financial outlook previously provided on August 8th to "reflect the postponement of a scheduled Electron mission while the Company completes an investigation into the [September 19th] in-flight anomaly."
     
  • RKLB also "does not anticipate any material incremental expenses to be recognized in Q3 2023 as a result of the anomaly."
     
  • Highlights: 
    • Revenue: From $73-77M to $66-68M
    • Launch Services Rev: From $30M to $22M
    • Space Systems Rev: From $43-47M to $44-46M
    • GAAP Gross Margin: From 21-23% to 18-20%
       
  • Shares fell -2.2% on the week.
     
2) Eutelsat ($ETL) and OneWeb finalized their merger agreement on Thursday.
  • The two (now one) Companies announced the completion of their all-share combination following the approval at the Ordinary and Extraordinary General Meeting of Eutelsat shareholders.
     
  • Eutelsat Group touts becoming the first GEO-LEO integrated satellite group.
     
  • OneWeb will be a subsidiary operating commercially as Eutelsat OneWeb. The Company will listed on the Euronext Paris Stock Exchange and has applied for listing on the London Stock Exchange.

In Other News
Sierra Space Raises $290M Series B Round (Company)
The Colorado-based commercial space company valuation rose to $5.3B and plans to use the capital to forge global partnerships and accelerate production of its space tech ecosystem. The round was co-led by MUFG Bank, Kanematsu, and Tokio Marine & Nichido Fire Insurance.

Sidereus Space Dynamics Raises €5.1M Seed+ Round (Company)
The Italian launch startup aims to use the capital injection to support pre-flight and flight test phases. Primo Space and CDP Venture Capital SGR led the round.

Chart of the Week
Starlink Crosses 2M Subscribers: Across 7 continents and in 60 countries the Company announced late last week. (Source)

Links
• Blue Origin Announces New CEO

• SpaceX Wins First Pentagon Contract for Starshield Satellite Network

• Blue Origin and Sierra Space Weigh Future of Orbital Reef Space Station

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

• Sidus ($SIDU) Announces Promotion of Jared Novick to COO

• Momentus ($MNTS) 10% Shareholder Prime Movers Lab Dumps Shares

• Mynaric ($MYNA) Completes Verification & Interoperability Tests of CONDOR Mk3

• Astra ($ASTR) Cures Bid Price Deficiency & Regains Compliance with Nasdaq

• NASA Extends CSDA Agreement with Planet ($PL)

Opinion
• Is BlackSky ($BKSY) Undervalued? The Case for Investing in Geospatial Intelligence

• Satellogic ($SATL): Shrinking Satellite Network and Revenues Below Forecasts Again

• Security Dimensions of Space Economics and Finance

• Space Launch Could Falter…Big Time

Earnings Calendar
• $IRDM: Oct 19 - Before Market Open
• $NOC: Oct 26 - Before Market Open
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

🚀 Cathie Wood Buys $RKLB Dip

Friday, September 22, 2023

Plus $ASTS achieves 5G cellular broadband connectivity success, $SATL 1H'2023 earnings and more! The latest space investing news to your inbox. View this email in your browser The Space Scoop Week

🚀 $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

You Might Also Like

🗞 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

Theory Two

Friday, November 22, 2024

Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here.​ ​Theory Two​ Today, we're announcing our second fund of $450

🗞 What's New: AI creators may be coming to TikTok

Friday, November 22, 2024

Also: Microsoft's AI updates are helpful for founders ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

behind the scenes of the 2024 digital health 50

Friday, November 22, 2024

the expert behind the list is unpacking this year's winners. don't miss it. Hi there, Get an inside look at the world's most promising private digital health companies. Join the analyst

How to get set up on Bluesky

Friday, November 22, 2024

Plus, Instagram personal profiles are now in Buffer! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏