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.
Equities
Stories about space companies’ finances, including earnings reports and M&A news.
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 […]
Aerospace and Defense Primes Q2 Earnings Roundup
It’s not that kind of prime day. Earnings season is in full swing and today, we’re diving into coverage of three primes, including L3Harris’ acquisition of Aerojet Rocketdyne, Boeing’s Starliner drag, and Northrop’s growing space division. L3Harris 🤝 Aerojet Rocketdyne $LHX announced it will close its $4.7B Aerojet Rocketdyne acquisition as soon as today. “We […]
Space DOTS Raises $1.5M Pre-Seed
Space DOTS, a UK-based advanced materials testing startup, wants to revolutionize the way the aerospace industry qualifies new materials for use in space. The company announced the closing of a $1.5M pre-seed round this morning to build out its mini on-orbit laboratory tech. Boost VC, Sie Ventures, 7Percent Ventures, Blue Wire Capital, and angel investors […]
Exclusive: Leaf Space Closes €20M Series B
Leaf Space, an Italian ground-segment-as-a-service provider, has closed a €20M ($22.1M) Series B as well as an additional €15M ($16.6M) in venture debt through a European Investment Bank loan. Leaf Space 101 CEO Jonata Puglia and CSO Giovanni Pandolfi founded the company in 2014 to provide an end-to-end, easy-to-use solution for satellite operators to send […]
ViaSat-3 Experiences Major Issue During Reflector Deployment
The recently-launched ViaSat-3 Americas satellite has hit a major snag. Viasat ($VSAT) announced yesterday that an “unexpected event” occurred during the deployment of the satellite’s massive reflector that may degrade the performance of the communications satellite, which was supposed to grow the company’s broadband business in the Americas. “We’re disappointed by the recent developments,” said […]
AST SpaceMobile Raises $59.4M, Stock Craters
AST SpaceMobile ($ASTS) stock plunged nearly 30% this week after the cash-strapped company announced Tuesday it had raised $59.4M in a steep discount public offering. The satellite manufacturer sold 12.5M shares at ~$4.75 a pop, well below the ~$6.50 price tag the shares were trading at before the offering. Space → Mobile: The Odessa, TX-based […]