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

The Space Investor - 🚀 Terran Receives Rivada Cash

View this email in your browser
The Space Scoop
Week Ended 01.05.2024
Happy Friday! And Happy New Year! Welcome back. It was a generally quiet week to kick off 2024. Lets dive in.

Market Max-Q

Top Stories
1) Terran Orbital ($LLAP) received its 2023 milestone payment from Rivada Networks.
  • On December 21st CEO Marc Bell mentioned in an interview that the Company could receive payment from Rivada Networks “in the next few days.” This week, one day into the new year, it was confirmed to be official. Terran received the 2023 milestone payment and Rivada is current on all invoices.
     
  • Terran reported cash & equivalents of >$70M for 12/31/2023, compared to $38.7M for 9/30/2023.
     
  • “We are entering 2024 with a strong financial foundation that we believe will enable us to continue to execute on our strategic and operational objectives,” said CEO Marc Bell.
     
  • LLAP shares initially reacted with excitement but closed the week -10%.

In Other News
SynMax Raises $13M in Funding (Payload)
The satellite data analytics startup priced the round at a $50M pre-money valuation and will use the capital to expand into new markets. The round was led by Bill Perkins, cofounder of SkyFi, with participation from  Alex Moore Palantir ($PLTR) co-founder and various SynMax customers.

AST SpaceMobile Provides Interim Update on Fundraising (Company)
$ASTS notes that it is: (i) seeking to close and fund the previously disclosed strategic investment in January 2024 with multiple parties, and (ii) secured initial ground infrastructure orders from two customers for planned commercial service.

Rocket Lab Enters Into Equipment Financing Agreement (SEC)
$RKLB and Trinity Capital agreed to $120M conditional commitment, with the following draws to be: (i) $70M on the effective date, and (ii) $40M over 60 months beginning January 2024, with final payments due in January 2029.

Chart of the Week
2023 Performance: In what was a good year for markets and mixed bag for space stocks, there we clear winners and clear losers. Rocket Lab ($RKLB), Redwire ($RDW), Mynaric ($MYNA) and AST SpaceMobile ($ASTS) led the pack at +47%, +44%, +38% and +25%. Astra ($ASTR), Sidus ($SIDU), SatixFy ($SATX) and Momentus ($MNTS) led to the downside at -65%, -92%, -95% and -96%.

Links
• Intuitive Machines ($LUNR) Announces Strategic Partnership and Leadership Changes

• US Air Force Awards Viasat ($VSAT) Up To $900M Multi-Vendor Technology Integration and Architecture IDIQ Contract

• EchoStar ($SATS) Completes Merger With DISH Network ($DISH)

• EchoStar ($SATS) Files Undisclosed Amount Mixed Shelf Offering

• Sidus ($SIDU) Secures NOAA Approval To Provide Imaging Services to Government and Commercial Customers

Opinion
• December 2023 Space Stock Review

• Rocket Lab ($RKLB): More Promising Signs and a Rating Upgrade

• Planet Labs ($PL): Market Leader With Strong Growth Tailwinds

• AST SpaceMobile ($ASTS): A SpaceX and Starlink Threat Appears

• $ARKX: Performance Lost in Space

Earnings Calendar
• $GD: Jan 24 - Before Market Open
• $NOC: Jan 25 - Before Market Open
• $BA: Jan 31 - Before Market Open
• $HON: Feb 1 - Before Market Open

*Company confirmed dates only.
Forward Forward
Questions? Feedback? Just 'Reply' to this email.
Copyright © 2024

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

🚀 Lynk To Go Public via SPAC

Friday, December 22, 2023

Plus ULA sale process down to 3 bidders, $RKLB soars on $515M agreement, $SIDU reverse split and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week

🚀 Terran Orbital Seeks Buyer

Friday, December 15, 2023

Plus SpaceX hits $180B valuation, iQPS IPO surges +82%, $PL reports Q3 earnings and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week Ended 12.15.

🚀 SpaceX Acquires Pioneer Aero

Saturday, December 2, 2023

Plus ARK Invest releases SpaceX investment thesis, Ursa Major Series D-1, and more. The latest space investing news and updates. View this email in your browser The Space Scoop Week Ended 12.01.2023

🚀 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

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