The torrid pace of investment and acquisitions involving space companies this year is unlikely to continue next year, but investors and bankers are still optimistic about the long-term growth prospects for the industry.
Researchers delving into climate change, biodiversity loss and other topics through work funded by U.S. federal civilian agencies and the National Science Foundation will have access to Planet Earth-observation data through September 2022, under a NASA contract announced Sept. 14.
Virgin Orbit will use the proceeds of a merger with a special-purpose acquisition company to expand its launch business and develop a satellite constellation for internet-of-things and Earth observation services.
Investors accounting for more than half the money in a funding round concurrent with in-space transportation company Momentus’s merger with a special-purpose acquisition company (SPAC) dropped out of the deal when given the opportunity by a settlement with the Securities and Exchange Commission.
The SEC has reached a settlement with in-space transportation company Momentus and the special purpose acquisition company (SPAC) it is planning to merge with regarding false claims the companies made, while continuing to pursue legal action against the Russian founder of Momentus.
Small launch vehicle company Astra will begin trading on the Nasdaq exchange July 1 after completing its merger with a special-purpose acquisition company (SPAC).
The SPAC investment trend injecting billions of dollars into early-stage space startups appears to have peaked, but in its wake could be larger capital infusions from institutional investors with deeper pockets.