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%.
Space Economy ETFs Performance
-35.7% $ARKX ARK Space Exploration and Innovation ETF
-35% $UFO 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)
-87% $SPCE Virgin Galactic (SPAC)
-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 (SPAC)
-66% $VORB Virgin Orbit (SPAC)
-63% $SATL Satellogic (SPAC)
-57% $PL Planet Labs (SPAC)
-53% $LLAP Terran Orbital (SPAC)
-52% $ASTS AST SpaceMobile (SPAC)
-45% $ARQQ Arqit Quantum (SPAC)
-37% $MAXR Maxar
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.
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Additional information for the curious
Rocket Lab
That dog won’t hunt… Rocket Lab’s 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…
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 )
Astra Space Inc. – Strengths, Weaknesses, Opportunities, and Threats (SWOT)
Virgin Galactic
Virgin Galactic’s Strengths, Weaknesses, Opportunities, and Threats (SWOT)
A Concise Guide To Virgin Galactic’s Sales Strategy
When Could Virgin Galactic Run Out Of Money?
How Will Virgin Galactic Make Money?
Virgin Galactic Investment Report
What Does a Spaceport Contract Look Like?