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

The Space Investor - 🚀 World View SPAC Dissolves

View this email in your browser
The Space Scoop
Week Ended 11.24.2023
Happy Friday! And Happy Thanksgiving to our US-based readers! 🦃 It was a quiet week due to the Holiday. Lets dive in.

Market Max-Q (thru 11/22)

Top Stories
1) World View SPAC deal falls through.
  • In no shock to anyone and following discussions of another postponement, World View and Leo Holdings Corp. II ($LHC) have terminated their SPAC business combination agreement.
     
  • Citing "challenging market conditions," the stratospheric balloon tourism startup tried to but couldn't outlast the recent downturn in space funding (but overall early-stage tech) space.
     
  • LHC has extended the voting deadline seven times since announcing the deal, and 88% of shareholders voted to allow an 11 month-long extension until October 12, 2024.
     
  • Investors have watched Space SPACs crash -75% to -99%. $LUNR bucked the trend for a moment, but is now -70% YTD. $LHC delays were from investors hopeful to wait it out and find their window, but going public in this current market is a sure way to guarantee the destruction of value. Will we see World View try again in the future?

In Other News
Iridium CEO Acquires $1M of Shares (SEC)
In an SEC filing with a transaction date of 11/20/2023, $IRDM CEO Matt Desch picked up 28,000 shares at an $37.01 price totaling $1.04M. This appears to be his first transaction since February 2023.

Morgan Stanley Downgrades Virgin Galactic (Investing)
The Wall Street firm adjusted its rating from 'Equal Weight' to ‘Underweight’ and a $1.75 per share price target on the following: “$SPCE is pausing revenue-generating space flights as it conserves cash and redoubles efforts on Delta. We like the long term potential, but see limited opportunities for share price accretion during this upcoming lull period.” Shares fell -6.6% on Wednesday on the news.

Chart of the Week
2023 YTD Performance: Using the $UFO Space ETF as a proxy (and despite the recent bounce), space related stocks across the board continue to underperform the S&P 500 this year by a large margin by ~37.5%. With about a month to go in 2023, investors will have to turn to 2024 to regain any ground.

Links
• MDA ($MDA) Announces Strategic Expansion in the UK

• Viasat’s ($VSAT) Broadband Arctic Extension Closer As Spacecraft Complete Key Tests

• Satellogic ($SATL) Receives NOAA License To Expand US Government Business

Opinion
• Sorry, Doubters: Starship Actually Had a Remarkably Successful Flight

• Investors Have High Hopes for Defense Tech Amid Growing Venture Interest

• Betting on Deep Tech

• Spire ($SPIR): Some Tidy Improvements, but Upside Could Be Capped in the Short-Term

Earnings Calendar
• $PL: Dec 7 - After Market Close
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

🚀 Starship Nears Launch #2

Saturday, November 18, 2023

Plus Q3'23 earnings conclude, Starlink late 2024 IPO rumors denied, Firefly's Series C and more! The latest space investing news and updates. View this email in your browser The Space Scoop

🚀 Astra Seeks Go Private Deal

Friday, November 10, 2023

Plus Q3 2023 space earnings continue, $SPCE layoffs, $RKLB back to the launchpad and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week Ended 11.10.

🚀 Starlink: Cash Flow Breakeven

Saturday, November 4, 2023

Plus $ASTR cash falls below $10.5M, Cathie Wood's ARK Venture Fund invested in SpaceX and $GSAT earnings. The latest space investing news and updates. View this email in your browser The Space

🚀 $LLAP SPAC Was a "Dumb Idea"

Friday, October 27, 2023

Plus Q3 space earnings continue, $ASTR to raise $25M of debt, Cantor Fitz bullish on $RKLB and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week

🚀 Astra To Seek Sale?

Monday, October 23, 2023

Plus $LLAP investor group pushing for strategic and management change, Maersk signs with SpaceX and more! The latest space investing news and updates View this email in your browser The Space Scoop

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