The Space Investor - 🚀 SpaceX Acquires Pioneer Aero

View this email in your browser
The Space Scoop
Week Ended 12.01.2023
Happy Friday! Markets closed the week higher following the shortened holiday week. SpaceX was in the news revolving around an acquisition and investment thesis. SatixFy reported 9M earnings and Ursa Major raised a Series D round. Lets dive in.

Market Max-Q

Top Stories

1) SpaceX quietly acquired Pioneer Aerospace for $2.2M.
  • Via Florida bankruptcy court, SpaceX has acquired its supplier of drogue parachutes for the Company's Dragon capsules. The acquisition was approved by a judge on November 22.
     
  • This is SpaceX’s first public acquisition since 2021 when the company acquired small satellite provider Swarm for $524M in a mostly stock deal.

2) ARK Invest ($ARKX) provided its thesis behind its receive investment in SpaceX. Highlights include:
  • "In 2023, SpaceX is launching a rocket roughly every four days.Despite demonstrating the capability and robustness of reusable rockets back in 2017, ARK believes SpaceX has no competitor capable of rocket reusability. . . SpaceX has the most aggressive and advanced technological roadmaps for rocket, satellite, and interplanetary development underway today." 
     
  • "The largest near-term opportunity is the Starlink satellite constellation designed to deliver global internet access. SpaceX has already deployed 1,000s of Starlink satellites into orbit . . .and offering broadband service to the underserved in the US could represent an addressable market of roughly $10B per year. Globally, there are billions of individuals who lack consistent internet access."
     
  • "We believe that the satellite connectivity market could approach $100B annually over the medium term, and Starlink is well-placed to win the lion’s share given their unique positioning."
     
  • "If Starship is successful in achieving rapid reusability, ARK’s research suggests there should be a $270B annual revenue opportunity for point-to-point transportation."

3) SatixFy ($SATX) reported 9M 2023 earnings. Highlights include:
  • Cash & Equivalents: $6.2M
  • Revenue: $8.9M, +31% YoY
  • R&D: $25.1M, +89% YoY
  • Oper Loss: $(28.1)M vs. $(16.8)M
  • Shares: +1.7%

In Other News

Astra Raises $2.7M Additional Debt (Company)
$ASTR announced additional debt raise from JMCM and ACME Ventures, along with co-founders Chris Kemp and Adam London on the 21st. The Board has yet to publicly address the take private proposal made earlier this month.

Ursa Major Raises $138M Series D and D-1 Round (Company)
The rocket propulsion startup announced the two rounds of funding led by Explorer 1 Fund and Eclipse, with participation from RTX Ventures, BlackRock, Exor Ventures, Mack & Co, XN, and other institutional shareholders. Ursa will continue to develop Lynx, its solid rocket motor program and scale production capacity.

Chart of the Week

November Space Stock Performance: In an overall bounce back month, Astra ($SIDU) led +69% on news of a take-private offer by their CEO and CTO. Sidus ($SIDU) continued its downward trajectory, closing -39% for the month.

Links

• Spire ($SPIR) Launches High-Resolution Weather Forecast for Utilities & Commodity Traders

• Tata Advanced Systems and Satellogic ($SATL) Sign Strategic Contract to Build LEO Satellites in India

• Terran Orbital ($LLAP) Suing Its Former CTO Following Calls To Install New CEO and Reconstitute The Board

• SatixFy ($SATX) Receives NYSE American Notice of Non-Compliance with Listing Standards

Opinion

• Viasat ($VSAT) Has Sky-High Potential

• Viasat ($VSAT): Connected Mobility Growth Tailwinds, Strong Backlog, 2024 Satellite Launches Create Opportunity

• Rocket Lab ($RKLB): Disruptive Growth Launch Leader Aiming For Space Domination

• Intuitive Machines ($LUNR): Technical Marvels, Not Yet Profitable

Earnings Calendar

• $PL: Dec 7 - 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

🚀 World View SPAC Dissolves

Friday, November 24, 2023

Plus Morgan Stanley downgrades $SPCE, $IRDM CEO buys $1M shares, $SATL NOAA license, and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week Ended

🚀 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

You Might Also Like

69 new Shopify apps for you 🌟

Wednesday, January 8, 2025

New Shopify apps hand-picked for you 🙌 Week 1 Dec 30, 2024 - Jan 6, 2025 New Shopify apps hand-picked for you 🙌 New Apps Dollarlabs: Ultimate Discounts Create and manage product, order, BOGO, flash,

What to Expect from VCs if the Downturn Persists

Wednesday, January 8, 2025

Learnings from previous venture downturns on the shifts we may see accelerate ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Freelancer Tools, Tool Finder, Beloga, Presite, Fancy Components, and more

Wednesday, January 8, 2025

AI-powered knowledge hub BetaList BetaList Weekly Tool Finder Exclusive Perk The wikipedia for AI tools & software Freelancer Tools https://freelancer-tools.shop/ Presite Site plans made easier

The A-Word

Wednesday, January 8, 2025

Read time: 46 sec. The next wave of successful founders won't be engineers. They might not even know how to code. In 2025, everyone will be talking about the A-word: ATTENTION There's a famous

join me: VC Trends for 2025

Wednesday, January 8, 2025

plus, read our latest State of Venture Report Hi there, Benjamin Lawrence here, Senior Lead Analyst at CB Insights. Thought you would be interested in our new State of Venture Report – read it for free

Founder Weekly - Issue 668

Wednesday, January 8, 2025

View this email in your browser Founder Weekly Welcome to issue 668 of Founder Weekly. Happy New Year! I hope you had great holidays and took some time off to recharge. :-) General 15 Harsh Truths From

Johannes Jäschke — From Hypnosis Innovation to Business Exit — The Bootstrapped Founder 368

Wednesday, January 8, 2025

Johannes Jäschke is a pioneer in the intersection of technology and mental health ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How we built two 7-figure startups

Wednesday, January 8, 2025

The story and the opportunity. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

“Looks good to me” is a lazy default: Why managers should give feedback on work output

Wednesday, January 8, 2025

If you're not regularly giving feedback on work product, you're missing a valuable opportunity to invest in your team and set a higher bar. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

💥 10 Profitable Newsletter Business Ideas To Start In 2025 - CreatorBoom

Wednesday, January 8, 2025

Build Community 30 Day Challenges, How to Get Your First Customers, What I Learned Taking Sam Parr's Email Copywriting Course, $6k/Month From Multiple Side Hustles View this on the Web January 8,