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

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,