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- š Hawaiian Airlines feat. Starlink
š Hawaiian Airlines feat. Starlink
š Hawaiian Airlines feat. Starlink
The Space Scoop
Week Ended 04.29.2022
Happy Friday! And a warm welcome to our new readers. We're testing a revised newsletter format this week.. Let us know what you think! With that said, let's dive in.
š Market Max-Q
S&P 500: 4,131.92 -3.3%NASDAQ: 12,334.65 -3.9%
UFO: 22.68 -4.3%ROKT: 37.93 -4.5%ARKX: 15.31 -3.9%ORBT: 17.67 -3.6%SSIT: 98.4 -3.7%
VORB: 6.10 +6.8%ARQQ: 8.08 +2.9%VSAT: 36.81 -11.3%SIDU: 2.19 -22.1%
š Weekly Top Stories
1. Space Primes ā Boeing ($BA), General Dynamics ($GD) and Northrop Grumman ($NOC) ā kicked off first quarter 2022 earnings this week.
Results and stock reactions were mixed for their space segments. Boeing reported -23.7% lower revenues of $5.4B, General Dynamics' revenue of $1.8B rose +0.8% YoY, and Northrop Grumman sales increased +13.2% to $2.8B.
Mynaric revenue jumped +246.8% to ā¬2.4M despite an operating loss of ā¬42.4M. AAC revenue rose +89.2% to SEK 180M with EBITDA of SEK -14.9M, up from SEK -26.8M YoY.
3. Hawaiian Airlines ($HA) announced it will provide Starlink internet service to customers for free "as early as next year."
Details were not disclosed but this marks the first deal for SpaceX with a major airline.
4. Breeze Holdings ($BREZ) called a shareholder meeting to extend the timeline to complete the proposed SPAC transaction with D-Orbit.
The vote is will to take place on May 5th for an extension until September 26th.
5. AST SpaceMobile ($ASTS) announced an MOU with Globe Telecom ($GTMEF) to provide expanded coverage in the Philippines.
The company also announced a new CFO, effective May 10th.
š°ļø In Other News
Capella Raises $97 Series C
(Company)
The round was led by NightDragon, with significant participation from existing investors DCVC and Cota Capital. The funding will expand the company's offerings amid major customer demand.
Adranos Raises $20M Series A
The round was led by Impala Asset Management with participation from Explorer1 Fund, Elevate Ventures and Specific Impulse Capital. Adranos manufactures solid rocket motor propulsion systems.
X-Bow Raises $27M Series A
Funding was co-led by Crosslink Capital and Razor's Edge Ventures, with participation from Lockheed Martin Ventures and Broom Ventures. The capital will accelerate customer support and invest in the company's product offerings.
Maxar Announces $202M of Government Contracts
(Company)
$MAXR was awarded 27 U.S. Government mission support contracts worth up to $202M over a six-year period. Of the nine customers, eight are Department of Defense or Intelligence Community organizations.
HyPrSpace Raises ā¬1.1M Seed
(Company)
The French space launcher startup raised the capital from Geodesic Fund, on behalf of Bpifrance, and private investors. The funding will help strengthen its teams to accelerate the development of its OB-1 reusable launcher.
š Chart of the Week
April 2022 returns are in the books and only one stock finished the month in the green: Satellogic ($SATL). The average NewSpace stock was down -22.1% and Arqit ($ARQQ) was the big loser, down -48.5%.
š Links
ā¢ Space Startups Argue for More Agile Business Modelsā¢ Viasat ($VSAT) Selected To Deliver Real-Time, Near-Earth Communications for NASAās Communications Services Project (CSP)ā¢ Cosmic Shielding Will Test Its Radiation Shielding Technology with Space Forgeā¢ Orbital Insight Announces Partnership with Satellogic ($SATL)ā¢ Launcher Shows Off Its 3D-Printed Rocket At Full-Scale Burnā¢ Satellogic ($SATL) Enters Teaming Agreement with Geollect To Provide Maritime Geospatial Insightsā¢ Spire ($SPIR) Introduces New Maritime Weather Insights Solutionsā¢ Intelsat Chooses Gilat ($GILT) for Multi-Million Dollar Dealā¢ Momentus ($MNTS) Receives FCC License For Inaugural Vigoride Launch
š£ļø Opinion
ā¢ The New Space Raceā¢ Why Steve Wozniakās Paradoxical Plan To Solve Space Junk Just Might Workā¢ $ROKT Shrugs Off Weak Boeing Resultsā¢ Space Stocks: How Russia Is Changing the Gameā¢ Elon Musk Buying Twitter Could Stress SpaceX Fundraising
š Earnings Calendar
ā¢ $SATS: May 5 - 11:00 a.m. ESTā¢ $SPCE: May 5 - After Market Closeā¢ $ASTR: May 5 - After Market Closeā¢ $TSAT: May 6 - 10:30 a.m. ESTā¢ $MAXR: May 9 - After Market Closeā¢ $MNTS: May 10 - After Market Closeā¢ $MDA: May 11 - Before Market Openā¢ $BKSY: May 11 - Before Market Openā¢ $SPIR: May 11 - After Market Closeā¢ $VORB: May 11 - After Market Closeā¢ $RKLB: May 16 - After Market Close
*Company confirmed dates only.