The Space Investor - 🚀 Lynk To Go Public via SPAC

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• On Sunday evening in a back from the dead moment, Lynk the satellite communications provider announced it was going public via merger with Alex Rodriguez's SLAM SPAC.
   
• Lynk is working on satellite service to mobile devices, similar to competitor AST SpaceMobile ($ASTS), and has launched three commercial satellites since 2022.
   
• SLAM previously held talks with sports card maker Panini SpA before the deal fell apart in 2021. ~60% of the then investors redeemed their shares when the SPAC sought approval to extend a deadline to continue finding a target. SLAM is left with ~$200M, compared with the $575M raised in 2021.

• ULA, the JV between Boeing ($BA) and Lockheed Martin ($LMT), has been no stranger to rumors swirling around about a potential sale. This week, the WSJ reported that the sale process is down to three prospects, with two having places confirmed bids.
   
• Offers submitted by ULA’s suitors have not been disclosed yet and it is possible that a deal may not materialize. Investment Bank Jefferies estimates that ULA could fetch $2 to $3B in a sale.
   
• Tory Bruno, ULA’s CEO, recently told reporters that the company had sold 70 Vulcan flights, giving it a backlog worth billions of dollars.

• On Thursday after market close, the Company filed an 8-K to disclose the news and has yet to issue a press release for the big news that sent shares surging +23% on Friday.
   
• The contract has a total value of $515M, which includes a base amount of $489M and incentives / options for an additional $26M.
   
• Work will begin immediately with the delivery of the space vehicles to the customer slated for 2027 and operation of the satellites through 2030, with an option for through 2033.

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