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“SPAC Index”
Welcome to this week’s S-SPACi. Rocket Lab has entered the hypersonic market, BigBear.ai stockholders resells shares, and three space SPACs had payloads aboard SpaceX Transporter-7 rideshare mission.
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Rocket Lab moves launches to New Zealand, Planet Labs works with The Nature Conservancy
Welcome to S-SPACi. Nasdaq granted Astra Space a six-month extension to get its stock into compliance before it is delisted while the exchange moved to delist Virgin Orbit’s stock. And Rocket Lab is moving two launches to New Zealand.
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Virgin Orbit’s bankruptcy could have fallout across the space industry. The company estimates it owes $100-500 million to somewhere between “200-999” creditors. The amount includes debts in excess of $15.3 million to four companies — Arqit, BigBear.ai, Redwire, and Spire Global — on the Space SPAC Index.
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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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Welcome to S-SPACi.
A pair of struggling launch provider SPACs — Virgin Orbit and Astra Space — are hoping to stay in business in the weeks ahead.
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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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Plus news about AST SpaceMobile
Welcome to this week’s S-SPACi.
Apologies for the gap in indexes. I was busy covering the Next-generation Suborbital Researchers Conference in Colorado last week. Lots to catch up on.
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