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- š Starlab feat. Hilton Hotels
š Starlab feat. Hilton Hotels
š Starlab feat. Hilton Hotels
The Space Scoop
Week Ended 09.23.2022
Happy Friday! Fall is officially here (in the U.S.) and that is what Space stocks continued to do this week. In an on rush of press releases this week, Rocket Lab hosted a bullish investor day in NYC and Hilton Hotels is collaborating with Starlab space station. Lets dive in.
š Market Max-Q
S&P 500: 3,693.22 -4.7%NASDAQ: 10,867.94 -5.1%UFO: 18.28 -8.9%ROKT: 34.08 -6.3%ARKX: 12.82 -5.9%SSIT: 63.8 +0.3%SATL: 4.31 +4.4%RKLB: 4.12 -18.4%MYNA: 5.09 -19.9%LLAP: 2.59 -30.0%1W return as of 4:00pm EDT.
š Top Stories
1) Rocket Lab ($RKLB) hosted its Investor Day and Neutron Update live in New York City on Wednesday.
The event showcased Neutron launch vehicle development progress, outlined the path to target margin model for Electron and Space Systems and provided product roadmap for future space systems capabilities.
Stifel voiced continued bullishness following the event, reiterating their 'Buy' rating on the company and setting a $15 price target.
Analyst Erik Rasmussen noted "We remain encouraged by the speed of execution and change within the business and how their revenue continues to scale, bring profitability into focus and be a positive catalyst for the stock."
He concluded stating "Rocket Lab is one of the highest quality space companies to enter the market."
2) Hilton Hotels ($HLT) announced it will design astronaut suites and facilities for Voyager Space and Lockheed Martin's ($LMT) private space station known as Starlab.
In addition to design, Hilton will also work with Voyager to examine opportunities for marketing of the space station and astronaut experiences onboard.
Dylan Taylor, CEO of Voyager, said the partnership derived from a relationship that began in early 2020, when astronauts on the ISS baked chocolate chip cookies as the first experiment of baking food in space. Interesting!
3) Redwire ($RDW) signed an MOU with Bradford Space and Swedish Space Corporation to jointly develop a commercial orbital debris removal service.
Through the collaboration, Redwire will expand the development team and add extensive space robotics and guidance, navigation and control (GN&C) experience to enhance the commercial offering.
š°ļø In Other News
SpinLaunch Raises $71M Series B Round
The California-based space launch catapult startup raised capital to continue developing its system and a line of satellites. Preview it here. The round was led by ATW Partners and is a mix of debt and equity. The company did not disclose the split.
OneWeb Plans to Raise ~Ā£3B of Debt
The British firm plans to use the capital to fund the second generation of its LEO broadband constellation, GEN2 satellites, that could support navigation. With 428 satellites currently in LEO, the company plans to have 648 in space by 2023 and has received approval for a total of 2,000.
š Chart of the Week
A look at Rocket Lab's ($RKLB) 2020-2022 revenue diversity. They weren't kidding and "did what they said they would" about becoming an end-to-end space services company. More to come we imagine.
š Links
ā¢ Rocket Lab ($RKLB) To Launch Argos-4 Spacecraft for General Atomicsā¢ BlackSky ($BKSY) Wins $14M To Monitor Critical Global Economic Activityā¢ Planet ($PL) Announces New Details of Hyperspectral Constellation, Tanagerā¢ Axiom Space To Send First Turkish Astronaut to Spaceā¢ MDA ($MDA) Announces Second Commercial Sale of Space Robotics Techn to Axiomā¢ Wagner Corporation and Virgin Orbit ($VORB) To Collaborate and Bring National Air Launch to Australiaā¢ SAIC and Rogue Space Partnering to Develop SmallSats for In-Space Servicesā¢ Spire ($SPIR) Announces New Contract Extension with NASAās CSDA Programā¢ Momentus ($MNTS) Completes Vibration Testing of Vigoride Vehicleā¢ Rocket Lab ($RKLB) Selects NASA Stennis Space Center for Neutron Engine Test Facilityā¢ Northrop Grumman ($NOC) Meets Rocket Motor Casting Milestone Ahead of Sentinelās First Flightā¢ Iridium ($IRDM) Announces Operation Pacific Wavesā¢ Spire ($SPIR) Awarded $9.9M NOAA Contract To Deliver Satellite Weather Dataā¢ AAC Clyde Space ($ACCMF) Wins Order From Astroscaleā¢ Arkisys Eyeing 2023 For First Flight Demonstrationā¢ Redwire ($RDW) Providing Navigation Components and ROSA Technology for NASAās DART Missionā¢ Microsoft ($MSFT), Planet ($PL) and the Nature Conservancy Launch the Global Renewables Watchā¢ Axiom Space Partners With Saudi Space Commission To Send First Female Saudi Astronaut to Space
š£ļø Opinion
ā¢ Is Intuitive Machines ($IPAX) the Last Space SPAC?ā¢ Virgin Galactic ($SPCE): Timeās Upā¢ Maxar ($MAXR): An Underperforming Aerospace Stock With an Uncertain Earnings Outlookā¢ Europe Seeks To Stay in the Space Raceā¢ How To Capture Defunct Satellites and Other Space Junk and Bring It Back to Earth