Virgin Galactic executives said Feb. 22 that they remain on schedule to begin commercial human suborbital missions before the end of the year but acknowledged it will take several years for the company to become profitable.
Many space companies that have gone public in the last year through SPAC deals have suffered major losses in the stock market in recent months, but that decline doesn’t necessarily mean a broader skepticism about the industry.
A fund led by Steven Mnuchin, former treasury secretary, will invest $150 million into Earth imaging company Satellogic, helping close a delayed merger with a special purpose acquisition corporation (SPAC).
After a year that saw the rise and potential fall of one tool for space companies to raise money, executives and investors have varying degrees of optimism about the state of the industry heading into 2022.
Virgin Orbit will get less than half the money it originally expected from its merger with a special purpose acquisition company (SPAC) as that deal wins shareholder approval.
As Virgin Orbit prepares to complete its merger with a SPAC, the launch provider has announced a series of partnerships and investments to diversify its business.
Planet completed its merger with special purpose acquisition company dMY Technology Group IV and began trading shares on the New York Stock Exchange Dec. 8 under the ticker symbol PL.
Terran Orbital, the parent company of Tyvak and PredaSAR, announced plans Oct. 28 to go public through a merger with a special-purpose acquisition company.
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.