Equities
Stories about space companies’ finances, including earnings reports and M&A news.
Airbus Reports Q1 2023 Earnings
Airbus reported €11.8B ($13B) in 1Q revenue yesterday, but the company’s defense and space division saw a 21.5% drop in net order intake. The overall numbers: • Free cash flow = €-900M (-$1B) • Revenue = €11.8B ($13B), a slight decrease from last year’s €12B • EBIT Adjusted = €800M ($885M) Breaking out defense &…
Kratos Reports Q1 Results, Sees Space Services Growth
Kratos ($KTOS) is going all-in on space services after growing investment in the division drove strong overall sales growth, the company revealed Wednesday in its Q1 financial results. Overall financials: Breaking out space, satellite and cyber: In the first quarter, Kratos spent $10.2M on R&D, including significant investment in its growing OpenSpace software. OpenSpace is…
Northrop Grumman, L3Harris, and Honeywell Release Q1 2023 Earnings
A slew of prime space companies announced Q1 earnings this week and overall performance was in the green. With increased defense spending and no end in sight for the conflict in Ukraine, companies saw an uptick in space and defense revenue. Northrop Grumman: Northrop’s space systems division saw the biggest year on year revenue increase…
Boeing Still in the Hole
Boeing reported a first quarter loss of $1.27 per share on Wednesday, marking the company’s seventh straight quarter in the red, though this quarter was better than last. Boeing attributed this to 737 MAX production issues, but still announced a plan to increase production from 31 to 38 planes per month. The company did see…
Astroscale Secures ~$44M in Two New Debt Rounds
Astroscale, a Japanese startup designing orbital debris removal and on-orbit servicing technology, announced two debt raises totaling about $44M this week to ensure it has cash on hand in today’s challenging economic conditions. On Tuesday, the company announced that it entered into a loan agreement for ¥3B (~$22M) with Mizuho Bank. Yesterday, Astroscale announced a…
ispace’s Shares Surge in Market Debut, Lunar Landing Date Set
Shares of Japanese startup ispace closed at 1201 yen a pop on Thursday, up 373% on the day. The surge comes just one day after ispace made its Tokyo Stock Exchange Growth Market debut. Ispace IPO: Shares were listed at 254 yen each during the IPO, originally valuing the company at 20B yen ($150M), according…
Astra Announces Q4 and FY2022 Losses
Astra reported significant financial setbacks in FY22, but brought in $9.4M in revenue. The launch company’s engine sales drove income as Rocket 4 nears launch test readiness. Astra’s Q4, by the numbers: Times of trouble: It’s been a tough year for Astra. Last week, the company outlined a plan to prevent Nasdaq from delisting its…
Planet Reports Record Q4 and FY2023 Earnings
Planet ($PL) saw $191.3M in full year revenue, a 46% jump from last year, the company revealed Wednesday. This comes in at the top end of its previous projection of $188M to $192M. Planet’s Q4, by the numbers: The company expects revenue to grow 35% this year, in the range of $248M to $268M. An…
Virgin Orbit Nears Deal to Raise $200M From Texas Investor
In a story that nearly writes itself, a Texas investor is swooping in to save a troubled rocket company just as it was teetering on the brink of bankruptcy. Dallas-based VC Matthew Brown is set to invest $200M into Virgin Orbit ($VORB), a source told Payload. The news was first reported by Reuters on Wednesday. …
Terran Orbital Triples Revenue
Terran Orbital ($LLAP) saw sales triple in Q4 compared to the prior year, the company revealed Tuesday in fourth-quarter and full-year 2022 financial results. Terran Orbital’s Q4, by the numbers: Terran generated 2022 sales of $94.2M, driven by a record 19 satellite deliveries (10 were SDA/Lockheed birds). Rivada contract: Last month, Terran won the monster…
Satellogic Launches “Space Systems”
Satellogic is launching a new Space Systems product, the publicly traded satellite operator ($SATL) announced last week. With Space Systems, Satellogic says countries or companies can buy and fly their own EO satellite “with submeter resolution, proven performance, and custom mission options.” In other words, the product represents a space-as-a-service offering for those who have…
Astra Requests an Extension to Avoid Nasdaq Delisting
Gravity may be a tough opponent, but it’s got nothing on the unrelenting forces of public markets. On Thursday, launch startup Astra ($ASTR) announced that it has requested additional time from Nasdaq to boost its share price and avoid a delisting. Astra’s road: Over the last couple of years, the Alameda, CA company has struggled…
Japan’s ispace to IPO in April
Japanese lunar lander startup ispace has filed the paperwork and announced plans to go public on the Tokyo Stock Exchange on April 12. IPO → lunar landing Eyes on the prize: ispace could be a central player in a cislunar economy that’s expected to generate $100B over the next decade, according to estimates from research…