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

The Space Investor - 🚀 Virgin To Face Delisting

View this email in your browser
The Space Scoop
Week Ended 04.19.2024
Happy Friday! Q1 earnings have officially kicked off with the reporting calendar slowly but surely filling out, Tether (yes, the crypto) invested in Satellogic, and Virgin Galactic has crossed below $1.00 per share and will potentially face a delisting. Lets dive in.

Market Max-Q
Forward Forward

Top Stories
1) First quarter 2024 space earnings have kicked off only two weeks after Q4 / FY'2023 reporting ended. Space SPACs need to pick up their pace before they get lapped by Iridium and the Primes!
  • $SATL
    • Cash & Equivalents: $24M
    • Revenue: $10M, +68% YoY
    • Net Loss: $(61)M vs. $(37)M
    • Adj. EBITDA: $(44)M vs. $(56)M
    • Oper. Cash Flow: $50M, -28% YoY
    • U.S. Redomicile: Expected Q2
    • Shares: +2.8%
       
  • $IRDM
    •  Revenue: $204M, -1% YoY
    • Net Income: $20M, +101% YoY
    • Oper. EBITDA: $115M, +3% YoY
    • Billable Subs: 2.3M, +14% YoY
    • Shares: +3.0%

In Other News
ICEYE Raises $93M Growth Funding Round (Company)
The oversubscribed funding round will help accelerate investment in the constellation of SAR satellites and expand the company’s portfolio of data and subscription products. Finnish sovereign wealth fund Solidium Oy led the round, with participation from Move Capital Fund I, Blackwells Capital, Christo Georgiev and existing investors.

Former SpaceX Exec Starts New VC Firm (TechCrunch)
Tom Ochinero, Senior Vice President of Commercial Business, resigned in February per a "family matter" but this week SEC filings show he is teaming up with SpaceX alum Achal Upadhyaya and Sequoia’s Spencer Hemphill to form a new venture capital firm called Interlagos Capital.

Orbex Raises £16.7M Series C Extension Round (Company)
The United Kingdom-based small launch vehicle developer gains additional funding following the £40M Series C round from 2022 to ramp up work on its delayed rocket. Investment in the round comes from the Scottish National Investment Bank, Octopus Ventures, BGF, Heartcore, the Export & Investment Fund of Denmark as well as corporate and angel investors.

Chart of the Week
Virgin Galactic's Rise and Fall: Following a roller coaster ride of highs and lows in 2020-2021, $SPCE has now closed below $1.00 per share this week. Shares are -98% since the near $60 highs set in June 2021 when Sir Richard Branson flew on his own spacecraft and -92% since inception.

Like other space companies, it is likely Virgin will complete a reverse split in the near future. Shareholders are set to vote at the upcoming annual meeting.

Links
• Satellogic ($SATL) Announces $30M Strategic Investment From Tether

• Terran Orbital’s ($LLAP) Tyvak Centauri-6 Satellite Successfully Deployed Into Orbit

• Northrop Grumman ($NOC) Working with SpaceX on U.S. Spy Satellite System

• Sidus ($SIDU) Partners with Orbital Transports

• Momentus ($MNTS) and Ascent Solar ($ASTI) Partner

• Rocket Lab ($RKLB) Announces Board Change

Opinion
• The Trillion Dollar Question

• EchoStar ($SATS): High Debt but Space-Based and Merger Opportunities

• Satellogic ($SATL): Business Struggles Amid Rapidly Contracting Satellite Networks

• BlackSky ($BKSY) Appears Undervalued Despite Recent Major Contract Wins

• Unveiling the Story of Redwire ($RDW) in the Aerospace Sector

Earnings Calendar
• $LMT: Apr 23 - Before Market Open
• $BA: Apr 24 - Before Market Open
• $GD: Apr 24 - Before Market Open
• $NOC: Apr 25 - Before Market Open
• $RKLB: May 6 - After Market Close
• $MDA: May 9 - Before Market Open
• $SPIR: May 15 - After Market Close

*Company confirmed dates only.
X
LinkedIn
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

🚀 SpaceX Financials Revealed

Saturday, April 13, 2024

Plus $ARKX buys 126k $RKLB shares, DISH's financing offer, Space Capital releases Q1 report, and more! The latest space investing news and updates. View this email in your browser The Space Scoop

🚀 Boeing Sues Virgin Galactic

Friday, March 29, 2024

Plus Boeing CEO to step down, $LUNR's $300M offering, three space SPACs report FY'2023 earnings, and more! The latest space investing news and updates View this email in your browser The Space

🚀 Starship's Third Launch

Friday, March 15, 2024

Plus $RDW FY'2023 earnings, $RKLB's 45th Electron mission, ~$40M of fundraising this week and more! The latest space investing news and updates. View this email in your browser The Space Scoop

🚀 Astra To Go Private

Friday, March 8, 2024

Plus $SPIR FY'2023 earnings, $LLAP adopts limited duration stockholder rights plan amid buyout, and more! The latest space investing news and updates. View this email in your browser The Space

🚀 LMT Bids $600M To Acquire LLAP

Saturday, March 2, 2024

Plus seven companies announce FY'2023 earnings, Astra's ($ASTR) latest take private offer 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