The Uncertain Future Of Boeing’s Space Business
A one-time titan of the space industry finds itself on the sidelines, plagued by ballooning costs and slow timelines in its space division at a time when price and speed are king.
Equities
Stories about space companies’ finances, including earnings reports and M&A news.
Lockheed Martin Wants the Government to Pay For Value
One of the government’s top suppliers is arguing that the government’s wins with fixed-price contracts are proving to be a big loss for industry.
How Momentus Became The Latest SPAC On The Rocks
Momentus, the space tug company attempting to rebound from a troubled SPAC transaction in 2021, is now on the verge of bankruptcy.
Aerospace and Defense Primes Q3 Earnings Roundup
The aerospace and defense primes had a busy Q3 marked by massive SDA contracts, growing space divisions, and a few hiccups along the way.
Astra Stock Drops with No End in Sight
Astra stock dropped another 19% yesterday to 75 cents a pop as it continues its downhill march.
Payload Pioneers 2023: Stephanie DelPozzo
Stephanie DelPozzo is making a name for herself in the business of space as an associate specializing in aerospace and defense at Nextfed, an M&A firm.
Antaris Raises $3.5M In Seed Funding
Antaris is hoping to bring enterprise tech concepts to space—and now it has additional seed funding to try to make that a reality. Antaris, a SaaS platform for space, announced Wednesday that it raised $3.5M in seed funding. Streamlined Ventures, which specializes in early-stage investments, led the round, which brings Antaris’s total funding to $10M. […]
India’s Lunar Landing Sends its Space Stocks Soaring
Yesterday’s successful Chandrayaan-3 lunar landing sparked a wave of national pride and enthusiasm across India. The country’s fervor for space has spilled over into its stock market, where its space stocks are surging. While India hasn’t caught the space pure-play SPAC bug like the US, it has several prominent publicly traded industrial companies that have […]
Sidus Acquires Exo-Space
Sidus Space ($SIDU) announced yesterday that it has acquired Exo-Space, an AI computing startup focused on space applications. Sidus said the deal will help it to bolster its talent pool, secure contracts, advance its tech, and integrate edge computing with its satellite sensors. “This transaction provides the opportunity for us to enhance our presence in […]
Space SPACs Q2 Earnings Roundup
Five space companies gave their second quarter financial update this week. Here are the highlights: Astra ($ASTR): The company reported $36.7M of free cash flow burn in Q2, reducing the company’s cash in the bank to $26.3M. Astra is rapidly restructuring its businesses as it enters the homestretch in its race against cash burn. The […]
Space Businesses Report Q2 Earnings, SPAC Edition
Earnings season is in full swing, with several closely-watched companies reporting financial results this week. Here’s our high-level takeaway on what you need to know. Rocket Lab ($RKLB): While a number of space SPACs are just trying to keep their heads above water, Rocket Lab continues to be a bright spot. The company executed three […]
Benchmark Clinches $33M, Launches Autopilot for Satellites
Benchmark Space Systems, the Burlington, VT-based propulsion systems provider, is keeping busy. This week, the company announced a $33M Series B funding round, unveiled new digs, and debuted a brand-new satellite autopilot product called SmartAIM. Benchmark’s Series B Benchmark announced this morning that it’s closed a $33M Series B to speed up the process of […]