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Stories about space companies’ finances, including earnings reports and M&A news.
Astrocast to grow IoT reach with Hiber acquisition
Swiss-based Internet of Things (IoT) network operator Astrocast has agreed to acquire Netherlands-based IoT-as-a-Service provider Hiber. The deal comes as Astrocast preps for a second IPO. “Hiber’s focus on satellite-enabled IoT solutions, innovation, and production aligns with Astrocast’s strategic go-to-market priorities for 2022 and beyond,” said Astrocast CEO Fabien Jordan. “We’re excited to welcome Hiber…
NRO Awards Biggest-Ever EOCL Imagery Contracts
NRO’s NROL-85 launches. Image: SpaceX/NRO. As if Wednesday wasn’t already filled to the brim with space news, the National Reconaissance Office also had to flex on us and announce its “largest-ever commercial imagery contract.” EOCL, imagery, billions of dollars…let’s break it down: The agency awarded Electro-Optical Commercial Layer (EOCL) contracts to BlackSky ($BSKY), Maxar ($MAXR),…
Spire’s Space Services Business Shines in Upcoming Launch
Spire ($SPIR) announced this morning that it will launch five satellites with SpaceX on the forthcoming Transporter-5 rideshare mission from Florida. What’s notable is the degree to which the company is playing up its space services business. The business unit will have satellites and payloads onboard Transporter-5 for Hancom inSpace, a Korea Aerospace Research Institute…
Rocket Lab Q1 Results Underscore Growing Space Systems Business
Rocket Lab ($RKLB) booked $40.7M in Q1 revenue, which represents a 124% annual jump and quarterly growth of 48%. Net loss widened in Q1, growing ~71% YoY to $26.7M. End-to-end space: The rocket company is executing on its strategy of building out a robust non-rocket business. Rocket Lab’s space systems unit generated $34.1M in Q1,…
AST SpaceMobile Reports Q1 Results
Midland, TX-based AST SpaceMobile ($ASTS) is looking ahead to the expected summer launch of BlueWalker 3 (BW3) with SpaceX. BW3, a 1.5-ton, 693-square-foot phased array beast, will be a testbed for the company’s space-based cellular broadband network technology. Bet the farm moment? In May, the FCC granted AST SpaceMobile an experimental license to test space-to-ground…
Momentus, Virgin Orbit, BlackSky, and Spire Report Q1 Earnings
Image: Niall David/Momentus Even if most of us may not want to think about financial markets right now, earnings season is in full swing. Let’s run through four results from this week, bucketed into two categories. Space transportation Momentus ($MNTS) reported $0 in Q1 revenue on Monday and a $26M net loss. There’s a lot…
Q+A with Satellogic’s Emiliano Kargieman
Satellogic (NASDAQ:SATL) has signed a multiple launch agreement (MLA) with SpaceX covering the deployment of 68 new Earth observation (EO) satellites. The freshly inked MLA succeeds Satellogic’s current one covering 2022 SpaceX launches. On April 1, SpaceX launched five Satellogic satellites to a sun-synchronous orbit on the Transporter-4 rideshare mission. Satellogic says the launch deals…
Boeing, General Dynamics, and Northrop Grumman Report Q1 Results
Image: Boeing Space Yesterday, Boeing (NYSE:BA) and General Dynamics (NYSE:GD) reported Q1 earnings, while Northrop Grumman’s (NYSE:NOC) results crossed the wire this morning. Space highlights below. $BA Total revenue was $13.9B, down 8.1% YoY. Boeing Defense, Space, & Security (DSS) revenue was $5.4B (-23.7% YoY) DSS recorded a net loss of $929M vs. $405M last…
ARKX Q1 Recap
ARK Space Exploration & Innovation (ARKX) is an ETF managed by the eponymous, iconoclastic, and currently down-bad NYC fund manager ARK Invest. The space ETF launched at the end of last March, so it just recently celebrated its first bday. Time for a check in… At the end of Q1, ARKX’s assets under management stood…
Lockheed, Iridium Report Q1 Earnings
Yesterday, Lockheed Martin (NYSE:LMT) and Iridium (NASDAQ:IRDM) reported Q1 2022 financial results. To set the scene, Lockheed has a $122.6B market cap and is up 29.4% this year. Iridium is at a $5.4B market cap and up 3.3% YTD. $LMT LM Space recorded $2.6B in Q1 revenue, a 15% annual drop. The defense contractor attributed…
A Convo with Rocket Lab’s Peter Beck on Reusability, Launch Demand, and More
Rocket Lab (NASDAQ:RKLB) will attempt to pluck a booster from the skies via helicopter later this month. The effort, if successful, would represent the first time that a small launch vehicle’s booster is recovered. “It’s actually, by far, the hardest thing to do,” Rocket Lab founder and CEO Peter Beck told Payload Friday. The company…
BlackSky’s Brian E. O’Toole on Space’s “Internet Moment”
BlackSky (NYSE:BKSY) is a geospatial intelligence and continuous monitoring company. The Herndon, VA-based space company has been in the news at fairly regular intervals in recent months, due to its role in supplying open-source imagery and intelligence related to Ukraine. Payload sat down with BlackSky CEO Brian O’Toole at Space Symposium earlier this week to…
Planet (NYSE:PL) Releases Q4 ’22 and FY’22 Earnings
On Thursday, Planet released Q4 and full-year (for the fiscal year ended January 31, 2022) financial results. Planet booked $131.2M in revenue last year, the company said yesterday in Q4 & FY 21 financial results. The planet-scanning company is growing at a healthy clip: 2021’s results represent a 16% jump over 2020. Q4 was Planet’s…
