HawkEye 360 raised $416M with its IPO Thursday morning on the NYSE, where it is now trading under the ticker $HAWK.
Deep dive: The VA-based company priced its 16M shares at $26 per share—at the top of the $24-$26 range shared in the company’s S-1 filing on May 1.
Goldman Sachs and Morgan Stanley are the lead book-running managers for the IPO, which valued the RF analysis company at $2.4B.
The company has given underwriters 30 days to purchase up to 2.4M more shares at the IPO price, which could bring in another $62.4M if all shares are purchased.
Trending: Hawkeye 360, which was founded in 2015, is the latest space company with a robust defense business to go public.
- Voyager Technologies went public on the NYSE in June, raising $382.8M.
- Firefly Aerospace IPOed on Nasdaq in August, raising $868M.
- York Space Systems went public with the NYSE in January at a $4.75B valuation.
Last month, Global X also announced it had established a Space Tech ETF, trading under the symbol $ORBX, to help investors track companies that earn more than half of their revenue from space tech.
What’s next: Anticipation is building for the SpaceX IPO expected to happen this summer. The company is reportedly aiming to go public with up to a $2T valuation—which would make it the largest IPO in the history of the US.
Rocket Lab To Acquire Motiv Space Systems
Rocket Lab will acquire space robotics company Motiv Space Systems. The acquisition, announced Thursday evening in conjunction with Rocket Lab’s Q1 earnings, will achieve two goals: Motiv is expected to be rebranded as Rocket Lab Robotics when the acquisition closes, which is scheduled for Q2. Other news: Rocket Lab announced a few other pieces of…
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SatVu is officially back in business.
The UK thermal imaging startup, fresh off a £30M (€34.7M) fundraise in February, released first light-imagery from its second satellite this week—HotSat-2. The satellite, which launched on SpaceX’s Transporter-16 rideshare in March, comes online more than two years after SatVu’s pathfinder satellite, HotSat-1, suffered a failure in orbit roughly six months into its first mission.
The new sat reignites the company’s ability to gather and sell its own thermal imagery—and SatVu is taking the opportunity to make the case that thermal data is an integral part of a robust geospatial intelligence mix.
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