satellites

A leading developer of small satellites is going public via a SPAC merger announced Friday morning. The SPAC Deal: Terran Orbital is merging with Tailwind Two Acquisition Corp (NYSE: TWNT) in a deal valuing the company at a pro forma equity value of $1.58 billion. A PIPE of $50 million...

Apple Inc (NASDAQ: AAPL)’s plans to bring satellite capabilities in future iPhones will be limited to emergency situations, Bloomberg News reported on Monday, citing a person familiar with the matter. What Happened: The Cupertino, California-based technology giant is developing at least two...

What's Moving: Globalstar Inc (NYSE: GSAT) shares are trading about 30% higher at $1.86 in the pre-market session on Monday. The Covington, Louisiana-based satellite communications company's shares last closed 5.9% higher at $1.43 on Friday. Why Is It Moving: GSAT shares are...

SpaceX and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Friday took yet another potshot at Amazon.com Inc (NASDAQ: AMZN) founder and the billionaire space venture rival Jeff Bezos. What Happened: Musk was responding to a post on Twitter that cited the growing rivalry between Musk and Bezos and said...

Sir Richard Branson's Virgin Orbit, a launch and space solutions company, announced Monday it has entered into a definitive agreement to become a publicly-traded company through the SPAC route. The company also said the Boeing Co (NYSE: BA) is among its PIPE investors. What Happened:...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-led high-speed, satellite-based internet service Starlink, a unit of SpaceX, could churn more than $20 billion of cash flow a year, provided it survives the early years, according to Cathie Wood-led Ark Investment Management. What Happened: The popular...

The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies in similar industries that went public or are going public via SPAC. A battle held June 17 featured Virgin Galactic Holdings Inc (NYSE: SPCE) versus BlackSky, a company merging with...

A satellite company working to create searchable earth and remap the globe is going public with a SPAC merger announced Tuesday. The SPAC Deal: Satellogic announced a SPAC merger with CF Acquisition Corp V (NASDAQ: CFV) valuing the company at a pro forma enterprise value of $850 million. The merger...

SpaceX founder Elon Musk announced on Saturday that its high-speed, satellite-based internet service Starlink has breached the "strategically important threshold" of 69,420 simultaneous active users. What Happened: The numbers "69" and "420," referring to a sexual...

AST SpaceMobile (NASDAQ: ASTS) made its Nasdaq debut on Wednesday. The company went public via special purpose aquisition company (SPAC) New Providence Acquisition Corp (NASDAQ: NPA) with an estimated post-transaction enterprise value of $1.4 billion. AST SpaceMobile uses satellites...

The Ark Space Exploration & Innovation ETF (NYSE: ARKX) launched last week and many of the holdings were surprises to investors looking for a pure play on space companies. What Happened: One of the most surprising names in the new Ark space ETF was Deere & Company (NYSE: DE). The farm...

While fundamentals remain strong across segments, ViaSat, Inc. (NASDAQ: VSAT) appears positioned for robust growth with the launch of the VS-3 constellation, according to Raymond James. The ViaSat Analyst: Ric Prentiss upgraded the rating for ViaSat from Outperform to Strong Buy, while maintaining...

The potential for growth in the space market has been drawing attention from investors. And the space sector could get more attention over the next couple weeks with the Ark Funds space ETF set to launch as early as this coming Monday. Here is a look at the space-related SPACs that could be added...

Rocket Lab is ready for takeoff. Not only is this rival to SpaceX going public via SPAC merger, but the company is also set for its 19th Electron mission to deploy its milestone 100th satellite. What Happened: The company is merging with Vector Acquisition Corp (NASDAQ: VACQ)...

BlackSky, a real-time geospatial intelligence, imagery and data analytics company, is going public via the SPAC Osprey Technology Acquisition Corp (NYSE: SFTW). The deal values BlackSky at an enterprise value of $1.1 billion. The expected proceeds of $450 million will fund BlackSky’s growth...