--- title: "Can it get any worse? New Space Economy companies performance over 52 week period ending June 30, 2022" id: 13656 type: "post" slug: "can-it-get-any-worse-new-space-economy-spac-companies-performance-over-last-52-weeks-as-of-june-30-2022" author: "NSE" published: "2022-06-30T12:53:40+00:00" modified: "2026-01-31T22:34:53+00:00" canonical: "https://newspaceeconomy.ca/2022/06/30/can-it-get-any-worse-new-space-economy-spac-companies-performance-over-last-52-weeks-as-of-june-30-2022/" markdown_url: "https://newspaceeconomy.ca/2022/06/30/can-it-get-any-worse-new-space-economy-spac-companies-performance-over-last-52-weeks-as-of-june-30-2022.md" description: "This article reviews the performance of the following new space economy companies over the last 52 weeks, as of June 30, 2022: $ARQQ $SPCE $ASTR $RKLB $ASTS…" language: "en-US" category: - "Space Economy" post_tag: - "Boeing" - "Neutron" - "Northrop Grumman" - "Planet Labs" - "Rocket Lab" - "Sales" - "Smallsats" - "Space Companies" - "Virgin Galactic" --- # Can it get any worse? New Space Economy companies performance over 52 week period ending June 30, 2022 This article reviews the performance of the following new space economy companies over 52 weeks ending June 30, 2022: $ARQQ $SPCE $ASTR $RKLB $ASTS $MAXR $MNTS $RDW $VORB $SPIR $BKSY $LLAP $SATL $PL $SIDU $MYNA. Old space economy company performances are also included for comparison purposes: $BA $AJRD $NOC $LMT $IRDM $DISH $GSAT $VSAT $GILT $SES.PA $SATS $SIRI $T $TRMB $CSCSA $GRMN $KTOS $LHX $HO.TA $TSAT $MDA.TO. Performance % is over 52 weeks ending June 30, 2022. ## Market Context ### S&P 500 Performance The S&P 500 index was down -11.38%. ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/06/img_6894.jpg?resize=696%2C328&ssl=1) *Source: Yahoo Finance* ### Space Economy ETFs Performance -35.7% $ARKX ARK Space Exploration and Innovation ETF -35% $[UFO](https://newspaceeconomy.ca/2025/08/27/todays-top-10-books-and-movies-about-ufos-and-uaps/) Procure Space ETF ## New Space Economy Companies **The worst performing company was Astra Space at -90%, and the “best” was Maxar at -37%.** -90% $ASTR Astra Space (SPAC) ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/06/img_6876.jpg?resize=696%2C330&ssl=1) *Source: Yahoo Finance* -87% $SPCE Virgin Galactic (SPAC) ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/06/img_6889.jpg?resize=696%2C335&ssl=1) *Source: Yahoo Finance* -88% $SPIR Spire Global (SPAC) -85% $MNTS Momentus (SPAC) -79% $BKSY Blacksky (SPAC) -73% $RDW Redwire (SPAC) -72% $SIDU Sidus Space -67% $MYNA Mynaric -65% $RKLB [Rocket Lab](https://rocketlabcorp.com/home/) (SPAC) ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/06/img_6893.jpg?resize=696%2C331&ssl=1) *Source: Yahoo Finance* -66% $VORB Virgin Orbit (SPAC) -63% $SATL Satellogic (SPAC) -57% $PL Planet Labs (SPAC) ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/06/img_6884.jpg?resize=696%2C330&ssl=1) *Source: Yahoo Finance* -53% $LLAP Terran Orbital (SPAC) -52% $ASTS AST SpaceMobile (SPAC) -45% $ARQQ Arqit Quantum (SPAC) -37% $MAXR Maxar ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/06/img_6880.jpg?resize=696%2C330&ssl=1) *Source: Yahoo Finance* ## Old Space Economy Companies **The worst performing company was Telesat at -72%, and the best was Thales S.A. +38.6%.** -72% $TSAT Telesat -57% $DISH DISH Network Company -51.4% $KTOS Kratos Defense and Security Solutions -51% $MDA.TO MDA Ltd. -43% $BA The Boeing Company -40.7% $GILT Gilat Satellite Networks -38.5% $VSAT Viasat -33% $GRMN Garmin -31% $CMCSA Comcast -31% $GSAT Globalstar -31% $TRMB Trimble -26.6% $SES.PA SES S.A. -20.5% $SATS Echostar Corporation -16% $AJRD Aerojet Rocketdyne -6% $SIRI Sirius XM -6% $IRDM Iridium Communications (SPAC) -4% $T AT&T +11.4% $LHX L3 Harris Technologies +13.6% $LMT Lockheed Martin Corporation +31.7% $NOC Northrop Grumman +38.6% $HO.PA Thales S.A. ## Summary Of the 16 new space economy businesses all had negative returns. Of the 21 old space economy businesses 4 had positive returns. ## Additional information for the curious ### Rocket Lab [That dog won’t hunt… Rocket Lab’s Neutron Space Launch Vehicle](https://newspaceeconomy.ca/2022/06/06/that-dog-wont-hunt-rocket-labs-neutron-space-launch-vehicle/) ### Astra Space [The next 6 months may determine if Astra has a future or is relegated to the dustbin of history…](https://newspaceeconomy.ca/2022/06/13/the-next-6-months-may-determine-if-astra-has-a-future-or-is-relegated-to-the-dustbin-of-history/) [How did the TROPICS smallsats end up using a launch service provider with a 100% failure rate?](https://newspaceeconomy.ca/2022/06/22/how-did-the-tropics-smallsats-end-up-using-a-launch-service-provider-with-a-100-failure-rate/) [Class Action Lawsuit (and other shareholder lawsuits) Filed Against Astra ( $ASTR #AstraSpace )](https://newspaceeconomy.ca/2022/07/04/class-action-lawsuit-filed-against-astra-astr-astraspace/) [Astra Space Investment Report](https://www.kerrisdalecap.com/wp-content/uploads/2021/12/Astra-Space-Inc.-ASTR.pdf) [DON’T TELL ANYONE! Astra Space Inc. has a “dirty little secret” buried deep in their SEC filings… ( $ASTR #AstraSpace #Astra #Stocks )](https://newspaceeconomy.ca/2022/07/12/dont-tell-anyone-astra-space-inc-has-a-dirty-little-secret-buried-deep-in-their-sec-filings-astr-astraspace-astra-stocks/) [Astra Space Inc. – Strengths, Weaknesses, Opportunities, and Threats (SWOT)](https://newspaceeconomy.ca/2022/07/09/astra-space-inc-strengths-weaknesses-opportunities-and-threats-swot-astr-astraspace-astra-rklb-rocketlab-relativityspace-fireflyspace-ablspacesystems-virginorbit-spacex-ula/) [A quick look at Astra’s CEO compensation & Top Astra milestones over the next 5 years ( $ASTR #AstraSpace #Astra )](https://newspaceeconomy.ca/2022/07/05/a-quick-look-at-astras-ceo-compensation-top-astra-milestones-over-the-next-5-years/) ### Virgin Galactic [Virgin Galactic’s Strengths, Weaknesses, Opportunities, and Threats (SWOT)](https://newspaceeconomy.ca/2022/02/15/virgin-galactics-strengths-weaknesses-opportunities-and-threats-swot/) [A Concise Guide To Virgin Galactic’s Sales Strategy](https://newspaceeconomy.ca/2022/02/14/a-concise-guide-to-virgin-galactics-sales-strategy/) [When Could Virgin Galactic Run Out Of Money?](https://newspaceeconomy.ca/2022/02/05/when-will-virgin-galactic-run-out-of-money/) [How Will Virgin Galactic Make Money?](https://newspaceeconomy.ca/2022/02/05/how-will-virgin-galactic-make-money/) [Virgin Galactic Investment Report](https://www.kerrisdalecap.com/wp-content/uploads/2021/06/Virgin-Galactic-Holdings-Inc.-SPCE.pdf) [Virgin Galactic Equity Report](https://static.poder360.com.br/2021/12/VirginGallacticsReport_CanaccordGenuity_2021.pdf) [What Does a Spaceport Contract Look Like?](https://newspaceeconomy.ca/2022/02/04/spaceportamerica/) ### Maxar [Maxar Technologies Investment Report](https://newspaceeconomy.ca/wp-content/uploads/2022/06/maxar-technologies-maxr.pdf) ### Market References [Bryce Start-Up Space 2022](https://brycetech.com/reports/report-documents/Brycetart_Uppace_2022.pdf) [The New SPAC Economy](https://newspaceeconomy.ca/wp-content/uploads/2022/06/the-new-spac-economy.pdf)