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

The Space Investor - 🚀 Q4'2023 Space Earnings

View this email in your browser
The Space Scoop
Week Ended 01.26.2023
Happy Friday! Space earnings season has officially kicked off while Virgin Galactic completed their 11th spaceflight and AST SpaceMobile's stock rout continues. Lets dive in.

Market Max-Q

Top Stories
1) Q4 2023 space earnings kicked off this week with Primes leading the way. Highlights include:
  • $LMT Space Segment
    • Net Sales: $3.3B, +3% YoY
    • Oper Profit: $307M, +31% YoY
    • Oper Margin: 9.1% vs. 7.2% YoY
    • Total Equity Earnings (ULA): $20M
    • Shares: -4.2%
       
  • $GD Aerospace Segment
    • Revenue: $2.7B, +12% YoY
    • Oper Earnings: $449M, +33% YoY
    • Oper Margin: 16.4% vs. 13.8%
    • Total Backlog: $20.5B
    • Shares:  +4.7%
       
  • $NOC Space Systems
    • Sales: $3.6B, +10% YoY
    • Oper Income: $304M, +2% YoY
    • Oper Margin: 8.4% vs. 9.1%
    • Shares: -6.3%

In Other News
Albedo Raises $35M Series A-1 Round (BusinessWire)
The satellite imagery startup will use the capital to launch their first operational satellite. The round was led by Standard Investments, with participation from Booz Allen Ventures, Cubit Capital, Bill Perkins, Breakthrough Energy Ventures, Shield Capital, Initialized Capital, Y Combinator, Giant Step Capital and Republic Capital.

Aldoria Raises €10M Series A Round (Payload)
The space situational awareness startup, previously known as Share My Space, plans to use the capital to double its network of tracking stations and invest in R&D. The round was led by Startquest Capital, with participation from the European Innovation Council Fund, French Deeptech 2030 Fund, and Expansion Ventures.

Expansion Ventures Raises New €100M Fund (European Spaceflight)
The Europe-based VC fund will focus its investments on European NewSpace startups, with the firm planning to support companies from Seed rounds up to Series A and B rounds. It also expects to invest ~15-20% of available capital in initial investments and the remaining ~80-85% in follow-on investments.

Chart of the Week
AST SpaceMobile's Tough Two Weeks: $ASTS shares have cratered -33% over the last nine trading weeks following a $100M share offering last week and continued selling that followed this week. Shares closed Friday within ~2% of all time lows of $2.73.

Links
• Redwire ($RDW) Selected As Strategic Supplier for Blue Origin’s Blue Ring Space Mobility Platform

• AST SpaceMobile ($ASTS) CEO Publishes Letter to Shareholders

• Sidus ($SIDU) LizzieSat Arrives at Vandenberg Space Force Base Ahead of Launch

• Intuitive Machines ($LUNR) Files S-1 To Sell ~9.4M Shares of Class A Common Stock

• Virgin Galactic ($SPCE) Completes 11th Successful Spaceflight

Opinion
• Investors Are Betting on Defense Startups. The Pentagon Isn’t.

• The White House Versus the Private Sector in Space

• Europe Must Promote Fair Competition Between Private Launch Operators

• Stars, Stripes, and Satellites

• Rocket Lab ($RKLB): The Future Is Bright

• Viasat ($VSAT): Possible Value Trap With Many Risks Ahead

Earnings Calendar
• $BA: Jan 31 - Before Market Open
• $HON: Feb 1 - Before Market Open
• $IRDM: Feb 15 - Before Market Open
• $RKLB: Feb 27 - After Market Close

*Company confirmed dates only.
Together with:
Carbon Finance sends out a weekly newsletter with simple, data-driven visuals that cover the most important headlines in investing.

It’s completely free and only takes 5 minutes to read.

Click 👉 here to subscribe.
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

🚀 2023 Space Investment Up 34%

Friday, January 19, 2024

Plus $ASTS's $155M investment from AT&T, Google and Vodafone, KeyBanc is bullish on $RKLB, and more! The latest space investing news and updates. View this email in your browser The Space Scoop

🚀 RKLB's $500M Prime Contract

Saturday, January 13, 2024

Plus $MNTS is running out of cash fast, $SIDU regains Nasdaq price compliance and D-Orbit raises $110M. The latest space investing news and updates. View this email in your browser The Space Scoop Week

🚀 Terran Receives Rivada Cash

Saturday, January 6, 2024

Plus EchoStar and Dish complete merger, $RKLB and $ASTS funding updates, SynMax raises $13M, and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week

🚀 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.

You Might Also Like

Which fintechs will IPO in 2025?

Wednesday, January 8, 2025

+ French tech predictions; must-attend startup events this year View in browser Leonard_Flagship Good morning there, Looking back on 2024, bankers and lawyers perhaps weren't quite as busy as they

🗞 What's New: Top takeaways from Sam Altman's "Reflections" blog

Wednesday, January 8, 2025

Also: Top takeaways from CES 2025 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Meta surrenders to the right on speech

Wednesday, January 8, 2025

“I really think this a precursor for genocide,” a former employee tells Platformer Platformer Platformer Meta surrenders to the right on speech “I really think this a precursor for genocide,” a former

[CEI] Chrome Extension Ideas #172

Tuesday, January 7, 2025

Ideas for Grok, Developers, Budget, and Productivity ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Alpine Pod & a Playful Fight 🏔️

Tuesday, January 7, 2025

Not a regular tanning bed͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Our guide to sale multiples 👉

Tuesday, January 7, 2025

Feeling that M&A energy going into 2025... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

What to Watch in 2025

Tuesday, January 7, 2025

The companies, markets, tokens, and themes that will define the year ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Growth Newsletter #231

Tuesday, January 7, 2025

10 Ways to Hook People (with examples) ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

A guide to AI prototyping for product managers

Tuesday, January 7, 2025

How to turn your idea into a working prototype in minutes ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

💝 How to uncover opportunities hiding in plain sight...

Tuesday, January 7, 2025

The best opportunities are already around you—start uncovering them now. Hi Friend , The first week of 2025 has come and gone. How are your plans for the year shaping up? It's easy to look for