The SPAC trend in the space industry does not appear to be letting up, says a new report by Avascent and Jefferies, but analysts caution that these deals, while attractive for space companies, can be risky for investors.
DoD space programs need to invest in new technology and qualify new suppliers to ensure they have access to domestic sources, the Pentagon said in a report released Jan. 14.
Rep. Adam Smith: “We remain concerned that COVID relief money isn’t getting to the right people."
As a wave of acquisitions washes over the space industry, NewSpace investors are finally finding the exits — just not where they expected them to be.
Data received so far from space industry suppliers shows the pandemic has caused schedule delays and strains on the supply chain.
Will Roper: “As we see the Chapter 11’s being filed we are tracking them."
One way to help the industry is for the government to communicate what problems it needs solved and commit funding for the right solutions.
Lt. Gen. Thompson: DoD plans to work with Congress to help space companies that face bankruptcy.
A group with more than 150 government and industry officials will recommend greater investments in space technology and education.
One reason space companies have weathered the pandemic so far is that the federal government considers it an essential industry.
The Space Acquisition Council is collecting data on the state of the defense supply chain.
Government and industry leaders have to bridge the gap between government and commercial space.
DoD space launch, intelligence collection, satellite manufacturing and other activities are hugely dependent on small companies that are becoming financially strained.
Ellen Lord memo: “If you work in a critical infrastructure industry you have a special responsibility to maintain your normal work schedule."
Since Sputnik first launched and man set foot on the moon, the changes, evolution and expansion of human activities in space has been rapid and momentous. It is important to understand the trajectory we are on as we tackle the challenges in front of us and create our future.