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Space SPAC Index: Uncertain Futures And  Delisting Notices Loom
Space SPAC Index: Uncertain Futures And Delisting Notices Loom

It is the worst of times for launch providers Virgin Orbit and Astra Space, whose futures could be decided in the next week. And two satellite operators — Momentus and Spire Global — have received delisting warnings from their respective stock exchanges. On that dour note, let’s dive right into this week’s S-SPACi.

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  • Parabolic Arc
  • March 28, 2023
Space SPAC Index: Astra Hires ShareIntel to Investigate Stock Sales as Delisting Deadline Looms, Companies Dodge Bullets in SVB Collapse
Space SPAC Index: Astra Hires ShareIntel to Investigate Stock Sales as Delisting Deadline Looms, Companies Dodge Bullets in SVB Collapse

Also: Satellogic to Launch Crop Signals Device

Welcome to this week’s S-SPACi.

Launch provider Astra Space (NAS: ASTR) has hired Shareholder Intelligence Services (ShareIntel) to investigate possible illegal short selling of the company’s Class A common stock as an April 4 deadline looms to avoid being delisted from the Nasdaq stock exchange.

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  • Parabolic Arc
  • March 14, 2023
Space SPAC Index: Intuitive Machines Debuts as Merger Raises Less Money Than Planned, Virgin Orbit Narrows Cause of Launch Failure, Momentus to Deliver FOSSA Satellites to Orbit
Space SPAC Index: Intuitive Machines Debuts as Merger Raises Less Money Than Planned, Virgin Orbit Narrows Cause of Launch Failure, Momentus to Deliver FOSSA Satellites to Orbit

Welcome this week’s S-SPACi.

Intuitive Machines (NAS: LUNR) debuted on the NASDAQ exchange on Tuesday after the company received only a fraction of the amount it had planned to raise by merging with the Inflection Point Acquisition Corp. special purpose acquisition company (SPAC).

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  • Parabolic Arc
  • February 14, 2023
Space SPAC Index: Intuitive Machines Looks to Join Club, Virgin Galactic’s WhiteKnightTwo Returns to the Runway
Space SPAC Index: Intuitive Machines Looks to Join Club, Virgin Galactic’s WhiteKnightTwo Returns to the Runway

Welcome to this week’s S-SPACi.

Lunar lander builder Intuitive Machines looks to join the Space SPAC index this week. Shareholders are set to vote on its reverse merger with Inflection Point Acquisition Corp. on Wednesday morning. If the deal goes through, the Houston-based company will begin trading on Nasdaq under the symbol LUNR.

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  • Parabolic Arc
  • February 7, 2023
Space SPAC Index: Myairops Integrates Spire Global Weather Data into Software, Astra Space Faces Investigation, Virgin Galactic Class Action Lawsuit
Space SPAC Index: Myairops Integrates Spire Global Weather Data into Software, Astra Space Faces Investigation, Virgin Galactic Class Action Lawsuit

Welcome to this week’s edition of S-SPACi.

Spire Global’s (NYS: SPIR) weather data is being integrated into myairops’ aviation software in a deepening of the two companies’ strategic data partnership. The updated software will provide customers with additional situational awareness and data insights.

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  • Parabolic Arc
  • January 31, 2023
Space SPAC Index: SatixFy Plunges 68% on Stock Sale, BigBear.ai’s Big Contract, AST SpaceMobile Signs MOU with Brazilian Telecom, BlackSky JV Appoints New CEO
Space SPAC Index: SatixFy Plunges 68% on Stock Sale, BigBear.ai’s Big Contract, AST SpaceMobile Signs MOU with Brazilian Telecom, BlackSky JV Appoints New CEO

Welcome to S-SPACi.

Shares of SatixFy Communications (NYS: SATX) plunged by $4.94 (68.3 percent) to $2.29 on Tuesday following the announcement that the Israeli satellite communications equipment manufacturer is looking to sell up to 28.4 million shares and $1 million in redeemable warrants.

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  • Parabolic Arc
  • January 24, 2023
Space SPAC Index: BigBear Sells More Stock, Management Changes at Satixfy, Spire Global & Virgin Galactic Plus News About Planet Labs & Virgin Orbit
SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

Welcome to S-SPACi.

This week BigBear.ai sells more stock, management is shaken up at three space SPACs, Momentus signs a contract with FOSSA, Planet Labs teams with NASA to mitigate global food shortages, and Virgin Orbit’s price target gets cut in half after launch failure.

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  • Parabolic Arc
  • January 17, 2023