Space SPAC Index, Thanksgiving Edition: SatixFy Stock Rises & Falls, Spire Introduces New CubeSat Bus & Rocket Lab Prepares for U.S. Launch

SatixFy Communications (NYS: SATX) saw its shares decline sharply after a massive runup last week.

Shares of the Florida-based supplier of satellite antennas, payloads and modems opened at $11.51 on Monday, Nov. 14. They soared to a high of $79.21 on Friday before closing for the week at $42.85. On Monday, the stock closed at $31.15.

The reason for the increase is unclear. SatixFy hasn’t made any announcements or made any filings with the Securities and Exchange Commission during the past week.

Satixfy began trading trading on Oct. 28 after merging with Endurance Acquisition Corp., a special purpose acquisition company (SPAC). The stock had been trading at $8.29, and it closed at $29.39 on that first day.

SPACE SPAC Index

CompanyFirst Trading DayOpening Share PriceHighCurrent Price (11/21/02)
Arqit (NAS: ARQQ)Sept. 7, 2021$9.25$41.52 (9/23/21)$7.79
Astra Space (NAS: ASTR)July 1, 2021$12.30$16.95 (7/2/21)$0.52
AST SpaceMobile (NAS: ASTS)April 7, 2021$11.63$15.48 (6/30/21)$6.42
BlackSky (NYS: BKSY)Sept. 10, 2021$11.80$13.20 (9/16/21)$1.73
Momentus (NAS: MNTS)Aug. 13, 2021$10.8512.87 (9/7/21)$1.17
Planet Labs (NYS: PL)Dec. 8, 2021$11.25$11.65 (12/8/21)$5.03
Redwire (NYS: RDW)Sept. 3, 2021$10.70$16.98 (10/25/21)$2.27
Rocket Lab (NAS: RKLB)
Aug. 25, 2021$11.58$21.34 (9/9/21) $4.34
Satellogic (NAS: SATL)Jan. 26, 2022$9.19$10.92 (5/4/22)$4.32
SatixFy (NYS: SATX)Oct. 28, 2022$8.29$69.19
(11/18/22)
$31.70
Spire (NYS: SPIR)Aug. 17, 2021$10.25 $19.50 (9/22/21)$1.31
Terran Orbital (NYS: LLAP)March 28, 2022$12.69$12.69 (3/28/22)$2.59
Virgin Galactic (NYS: SPCE)Oct. 28, 2019$11.79$62.80 (2/4/21)$5.02
Virgin Orbit (NAS: VORB)Dec. 30, 2021$8.525$11.28 (1/11/22)$3.02
Stock Price Source: Yahoo Finance

Spire Global Unveils 16U CubeSat

Promising much greater performance in a small(ish) spacecraft, Spire Global has unveiled a new and improved 16U CubeSat bus.

The satellite bus can accommodate payloads of up to 30 kilograms and provide them with more power, volume, and data capabilities than a conventional 16U CubeSat. Spire Global has tailed the bus for Earth observation and space domain awareness missions.

16U CubeSat (Credit: Spire Global)

“Increasingly we’re seeing that our customers’ missions require buses that offer the performance of a larger satellite with the agility of a nanosatellite,” said Spire Global Co-founder Joel Spark. “It’s a tall order, but we’ve leveraged our extensive space heritage and experience in satellite design and manufacturing to build a one-of-a-kind satellite bus that checks all those boxes. Our next-gen satellite has been a natural next step for us, driven by the needs of the market.”

Learn more about Spire Global’s newest satellite bus here.

Electron on the launch pad at the Mid-Atlantic Regional Spaceport. (Credit: Trevor Mahlmann)

Rocket Lab Complete Launch Dress Rehearsal

Rocket Lab has completed a wet dress rehearsal for the first launch of its Electron rocket from the Mid-Atlantic Regional Spaceport (MARS) in Virginia on Dec. 7.

Rocket Lab’s first launch from U.S. soil will carry the Hawk 6A, 6B and 6C signal intelligence satellites for HawkEye 360. The company has launched all previous missions from Mahia Peninsula in New Zealand.

“Virginia is for Launch Lovers” mission will be Rocket Lab’s 10th launch of 2022.