Launch
Stories about the companies building a ride to space.
Astra Releases Q4 and Full-Year 2021 Financial Results
Image via Astra. Note: This slide was pulled from Astra’s Dec. ’21 investor deck, not IR materials presented Thursday. Astra (Nasdaq:ASTR) recorded a net loss of $257.8M in 2021, the company said Thursday. That’s a 278% annual increase, but to be fair, Astra was making and launching more rockets last year than it was in…
Virgin Orbit Reports FY 2021 Financial Results
Virgin Orbit (NASDAQ:VORB) lost $157M in 2021 on $7.4M in revenue, the company said yesterday. $VORB finished the day up 8.4%. KPIs at a glance: Adj. EBITDA: -$140M (vs. -$158M in 2020) Cash on hand: $194M Backlog: $575M, 26% of which is covered by binding agreements, and good for a 500% YoY increase. Context: This…
Voters Block Georgia Spaceport Plans
Longtime plans to build a spaceport in Camden County, Georgia have been thrown into jeopardy after county voters overwhelmingly voted to reject the idea. The spaceport: Camden County lawmakers began working on plans for Spaceport Camden in 2012. The site for the vertical-launch facility borders northern Florida, a strategic location to access resources from Florida’s…
Canaccord Genuity Initiates Coverage of Virgin Orbit with ‘Buy’ rating and $20 PT
Last Monday, Canaccord Genuity initiated coverage on Virgin Orbit (NASDAQ:VORB) with a ‘Buy’ rating and $20 price target. Shares of $VORB were $6.92 when Canaccord published its research. This morning, they sat at $6.57. Defense: In the Feb. 28 note seen by Payload, CG Analyst Austin Moeller refers to the air launcher as an “emerging…
Rocket Lab Launches Synspective Satellite; Announces Q4 Financial Results
Image via Rocket Lab Rocket Lab (NASDAQ:RKLB) doesn’t procrastinate on Mondays. The launcher had a busy day. In NZ: Rocket Lab launched “The Owl’s Night Continues” from its new Pad B. An Electron successfully deployed a StriX-β satellite for Japanese SAR operator Synspective. To date, Rocket Lab has now deployed 110 satellites. In VA: As…
Launcher Relocates Ukrainian Staff
Launcher has relocated most of its Ukrainian-based staff to Sofia, Bulgaria, the Hawthorne, CA-based company just announced. “I’m distraught by the unprovoked Russian aggression in Ukraine,” Launcher CEO Max Haot wrote in a note. “We are providing all of the necessary support we can think of to our team, partners, and their families and communities…
Something’s Rotten in the State of the Defense Industrial Base
On Wednesday, the Department of Defense released a report on the state of competition in the defense industrial base (DIB). So, how is the state of competition? Not great, per the report. Synopsis: Since the 1990s, consolidation has hit the aerospace and defense sectors harder than most. There were 51 prime contractors in the ’90s. Now, there…
Jared Isaacman and SpaceX Announce Polaris Program
Rook can’t get enough of space. At least, that’s the vibe we’re getting from Jared “Rook” Isaacman, the billionaire CEO of Shift4 Payments and commander/financier of Inspiration4. Yesterday, Isaacman announced that he’d purchase three additional crewed spaceflight missions from SpaceX. The trio of missions, dubbed the Polaris Program, is slated for launch in late 2022 and…
Musk Gives Starship Update from Starbase
ICYMI…and you probably didn’t…Elon Musk provided a public update on Starship. Since Starship is poised to become the largest, most powerful rocket ever, it’s safe to say we were watching with notepads in hand. Musk gave the presentation in front of Starship and Super Heavy fully stacked, which is a tough backdrop to beat. No virtual Zoom…
Astra LV0008 Mission Fails Mid-Flight
After a couple scrubs, Astra (NASDAQ:ASTR) launched Thursday for the first time from the Space Coast. LV0008 flew smoothly and nominally for roughly three minutes, but ended up failing mid-flight. What happened? Something went awry upon stage separation. The rocket’s upper stage began spinning shortly after engine ignition (based on the live feed). The payloads: Four NASA-sponsored…
Launcher Books SpaceX Flights for Orbital Transportation
Launcher has reserved three more missions for Orbiter, its orbital transfer tug, to Sun-synchronous orbit (SSO) on future SpaceX Transporter rideshares. The Hawthorne, CA-based space transportation startup’s first Orbiter mission is scheduled to fly on Transporter-6 in October. Last-mile services: The Orbiter vehicle is designed to link up with satellites that have reached generic orbits through rideshare missions…
Q4 Orbital Launches, by the Numbers
BryceTech’s latest quarterly launch briefing is out. We read these reports, then reread them, and then drill each slide like it’s a flashcard, so that all the data is etched into our memories. Without further ado, BryceTech’s Q4 orbital launch data: China Aerospace Science and Technology Corporation (CASC) led Q4 ’21 with 15 launches. SpaceX had eight…
A Deal in Aerojeopardy
Antitrust cops have stepped in to block Lockheed Martin’s (NYSE:LMT) proposed $4.4B takeover of Aerojet Rocketdyne (NYSE:AJRD), the US’s last-standing large independent missile- and rocket-motor maker. The FTC sued Tuesday to block the deal, which was announced in December 2020. Aerojet shares dropped nearly 19%, while Lockheed finished the day up 3.7%. Strategically speaking, the acquisition would give…
