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

The Space Investor - 🚀 Virgin Galactic Hits Pause

View this email in your browser
The Space Scoop
Week Ended 06.14.2024
Happy Friday! It was a quieter week in space market so lets dive right in.

Market Max-Q
Forward Forward

Top Stories
1) Virgin Galactic ($SPCE) completed the 12th and final VSS Unity Flight.
  • Virgin will retire / now go dark on flights until 2026 while building and developing the next Delta class spaceships after just seven commercial flights, all within the last year.
     
  • As Eric Berger of ArsTechnica lays out, it took Virgin 20 years to perfect a single spacecraft while mounting up hundred of millions in losses. Will the Company be able to  advance to the next stage and reach profitability in just a few years? How ambitious is this timeline? Time will tell.
     
  • Virgin also announced a 1-for-20 reverse stock split this week. Shares have traded below $1.00 since April 24th. Will Virgin be able to turn things around like Spire has? Or will it face continued struggles post-reverse split like Astra and Momentus?
     
  • Shares closed the week down -19% and are currently -71% YTD.

2) Redwire ($RDW) will provide roll-out solar arrays for Thales Alenia Space’s newest telecom satellite line.
  • The ROSA wings will be utilized for Space Inspire GEO satellites, following the cooperation kickoff between the two companies last year, and will measure ~80ft long and provide >25 kW of power capability per spacecraft.
     
  • Redwire also announced the hiring of aerospace executive and corporate attorney Aaron Futch as General Counsel. 
     
  • Investors liked what they heard as shares traded +15% higher by Friday's close.

In Other News
Apex's $95M Series B Round (PR Newswire)
The spacecraft manufacturing startup will focus on increasing production to meet customer demand for productized satellite buses. The round was led by XYZ Venture Capital and CRV.

OsmosX Raises €2M+ Funding (European Spaceflight)
The French startup will use the capital to continue R&D on its multi-use space tug and demonstration mission by 2025. The round was led by Expansion and Rymdkapital.

Rocket Lab Gets $23.9M CHIPS Act Funding (Company)
$RKLB announced the signing of a non-binding preliminary memorandum of terms with the Dept of Commerce to receive up to $23.9M under the CHIPS and Science Act to increase production of compound semiconductors for spacecraft and satellites.

Chart of the Week
Electron Nears 50: Rocket Lab ($RKLB) will be the force behind the first and fastest commercially developed rocket to reach 50 launches, beating Falcon 9, upon successfully launch next week. Stay tuned! (Source)

Links
• Planet ($PL) Announces Real-Time Insights Technology Using NVIDIA ($NVDA) Jetson Platform

• Hughes ($SATS) Europe Expands Into Military, Defence & Government Sectors

• Skyband Selects Hughes ($SATS) JUPITER System To Power Digital Transformation for Enterprises & Governments Across Saudi Arabia

• Thales, Spire ($SPIR) and ESSP To Develop a Space-Based Air Traffic Surveillance Service

Opinion
• Can Space Startups Really Wait a Year for Satellite Approval?

• Why the Space Economy Is Among UBS’ 5 Favorite Long-Term Investment Themes Right Now

• What People Don’t Get About Space

• Spire ($SPIR): An AI Buy Story, but in Space

Earnings Calendar
• $MYNA: Jun 20 - 12:00pm EST

*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

🚀 Astroscale Soars in IPO Debut

Friday, June 7, 2024

Plus Starship IFT-4 launch, Planet Q1 earnings, Lockheed purchases 25 Firefly launches, and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week Ended

🚀 Carnival Goes 100% Starlink

Friday, May 17, 2024

Plus $ASTS and AT&T six-year partnership, Q1 2024 SPAC earnings, $RDW's new VLEO spacecraft and more! The latest space investing news and updates. View this email in your browser The Space

🚀 Lockheed Drops Terran Bid

Friday, May 3, 2024

Plus SES acquires Intelsat, Astroscale eyes IPO, $SPIR secures multi-million dollar deal and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week

🚀 Q1 2024 Space Earnings

Friday, April 26, 2024

Plus Seraphim Space's second investment fund, $MNTS listing deficiency warning, $RDW's new MoU, and more! The latest space investing news and updates. View this email in your browser The Space

🚀 Virgin To Face Delisting

Friday, April 19, 2024

Plus Q1 earnings kick off, SpaceX exec launches a new VC firm, Tether invests $30M in $SATL and more! The latest space investing news and updates. View this email in your browser The Space Scoop Week

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