SPAC
Planet shares begin trading on New York Stock Exchange
Planet completed its merger with special purpose acquisition company dMY Technology Group IV and began trading shares on the New York Stock Exchange Dec. 8 under the ticker symbol PL.
Op-ed | Space and SPACs: A COVID Romance?
For SPAC investors, the heavy focus on a quick ROI – and overall risk aversion – may ultimately make SPACs and the space sector an imperfect fit.
Interest in SPAC mergers declining
While SPAC mergers dominated the space industry for much of the year, one expert sees warning signs of waning interest in this way of taking companies public.
Terran Orbital plans to go public through SPAC merger
Terran Orbital, the parent company of Tyvak and PredaSAR, announced plans Oct. 28 to go public through a merger with a special-purpose acquisition company.
Rate of space industry deals may slow down in the next year
The torrid pace of investment and acquisitions involving space companies this year is unlikely to continue next year, but investors and bankers are still optimistic about the long-term growth prospects for the industry.
Space SPACs struggle to lift off
None of the companies that recently completed SPAC deals have seen a dramatic increase in share price. Meanwhile, share SPAC redemptions are growing, indicating a lack of enthusiasm.
Planet provides data to federal civilian agencies under NASA contract
Researchers delving into climate change, biodiversity loss and other topics through work funded by U.S. federal civilian agencies and the National Science Foundation will have access to Planet Earth-observation data through September 2022, under a NASA contract announced Sept. 14.
Space SPACs could prompt new wave of acquisitions
The current wave of space startups going public through mergers with special-purpose acquisition companies (SPACs) might lead to a round of industry consolidation as they snap up suppliers to obtain their technologies or personnel.
Redwire completes SPAC merger
Space technology company Redwire announced Sept. 2 that it closed its merger with a special-purpose acquisition company (SPAC), taking the company public and providing it with capital for future acquisitions.
Rocket Lab closes lower in first day on Nasdaq
Shares in small launch vehicle and spacecraft developer Rocket Lab dropped in their first day of trading Aug. 25, but the company’s chief executive says it remains focused on its long-term plans enabled by going public.
Virgin Orbit to expand launch business, move into satellite services
Virgin Orbit will use the proceeds of a merger with a special-purpose acquisition company to expand its launch business and develop a satellite constellation for internet-of-things and Earth observation services.
Virgin Orbit to go public in SPAC merger
Small launch vehicle developer Virgin Orbit will go public through a merger with a special-purpose acquisition company (SPAC) in a deal that includes an investment by Boeing, the company announced Aug. 23.
Shareholders approve Rocket Lab SPAC deal
Shareholders of a special-purpose acquisition company (SPAC) voted Aug. 20 to merge with Rocket Lab, giving the small launch vehicle and spacecraft developer an infusion of cash.
Shareholders approve Momentus SPAC deal
Shareholders of a special-purpose acquisition company (SPAC) approved a merger with in-space transportation company Momentus Aug. 11, the first of several such deals expected to close in the next month.
Momentus looks ahead under new chief executive
The new CEO of Momentus hopes to turn the page on the company’s past regulatory problems and focus on development of its in-space propulsion technology it plans to demonstrate next year.
Investors drop out of Momentus SPAC deal
Investors accounting for more than half the money in a funding round concurrent with in-space transportation company Momentus’s merger with a special-purpose acquisition company (SPAC) dropped out of the deal when given the opportunity by a settlement with the Securities and Exchange Commission.
Stable Road and Momentus reach SEC settlement over false claims
The SEC has reached a settlement with in-space transportation company Momentus and the special purpose acquisition company (SPAC) it is planning to merge with regarding false claims the companies made, while continuing to pursue legal action against the Russian founder of Momentus.
Planet valued at $2.8 billion in SPAC deal
Planet announced July 7 it will go public in a $2.8 billion deal with a special-purpose acquisition company (SPAC), the second SPAC deal in the Earth observation sector in as many days.
Satellogic to public through SPAC deal
Earth imaging company Satellogic announced July 6 it will go public through a merger with a special purpose acquisition company (SPAC), raising the funding it needs to build out a constellation of 300 spacecraft.
Astra completes SPAC merger and begins trading publicly
Small launch vehicle company Astra will begin trading on the Nasdaq exchange July 1 after completing its merger with a special-purpose acquisition company (SPAC).
