🚀 Boeing's New CEO

Plus July stock performance, the space industry's investment correlation, $RKLB 51st launch, and more! The latest space investing news and updates.

August 02, 2024

The Space Scoop

Week Ended 08.02.2024

Happy Friday! In a generally quiet week Electron had its 51st launch, Redwire continues forward toward testing space organ 3D printing, and $ASTS closed out July as the best performer. Lets dive in.

Market Max-Q

Forward

Top Stories

 

1) Q2 space earnings season continued this week with the final Prime reporting. The calendar has filled up as we await Space SPACs next week. Highlights below:

  • $BA Defense, Space & Security

    • Revenue: $6B, -2% YoY

    • Oper. Earnings: $(913)M vs. $(527)M YoY

    • Oper. Margin: (15)% vs. (9)% YoY

    • Backlog: $59B

    • New CEO: Kelly Ortberg

    • $125M Charge on Starliner due to CFT delays

    • Shares: +2.0%

In Other News

Lodestar Space Raises $2.5M Pre-Seed 

The London-based inspection and repair space robotic startup will use the new capital to build the technology to safeguard space infrastructure. The round was co-led by Inflection.xyz and Lunar Ventures, with participation from Charlie Songhurst, Zehan Wang, Mehdi Ghissassi, and non-dilutive funding from the UK Space Agency.

Chart of the Week

Last Month's Stock Performance: With July behind us, AST SpaceMobile ($ASTS) led the pack trading up +78% followed by Planet ($PL) and Spire ($SPIR) up +37% and +29% respectively. Terran Orbital ($LLAP) and Virgin Galactic ($SPCE) lagged falling -12% and -16%.

Links

• Redwire ($RDW) Signs MOU With Consolidated Safety Services To Support ISS Services Contract• Rocket Lab ($RKLB) Completes Integration and Testing of Twin Spacecraft for NASA Mars Mission• Hughes ($SATS) Launches Small Business Cybersecurity Solution• Redwire ($RDW) to Analyze the Effects of Microgravity on Tissue Bioprinting and Culturing• Viasat ($VSAT) Introduces Wearable Secure Wireless Hub for Advanced Network and Edge Communications

Opinion

• The Space Industry Is Uncorrelated to Other Investment Opportunities• Is the U.S. Doing Enough To Engage With China on Space Policy?• Investors Share Vision of Space Industry’s Future• Is Planet Labs ($PL) a Defense Contractor Now?• AST SpaceMobile ($ASTS): Why I’m All In• AST SpaceMobile ($ASTS): A Chat With President Scott Wisniewski

Earnings Calendar

• $SPCE: Aug 7 - After Market Close• $RDW: Aug 7 - After Market Close• $VSAT: Aug 7 - After Market Close• $BKSY: Aug 8 - Before Market Open• $MDA: Aug 8 - Before Market Open• $GSAT: Aug 8 - Before Market Open• $RKLB: Aug 8 - After Market Close• $LUNR: Aug 13 - Before Market Open• $ASTS: Aug 14 - After Market Close• $SPIR: Aug 14 - After Market Close

*Company confirmed dates only.