BlackSky Files to raise $200m, Virgin Orbit gears up for UK launch, signs deal with Spire – Parabolic Arc

Using high-frequency satellite imagery, BlackSky’s Spectra AI detected the use of key facilities at Tokyo’s Haneda Airport. Parking spaces shown in green are rarely used, while red indicates frequent occupancy. BlackSky customers can also understand cargo in/out and monitor airline maintenance activities. (Photo: BlackSky)

Welcome to the second Space SPAC index chronicling the progress of space companies that have gone public by merging with special purchase acquisition companies. In this edition, news on BlackSky, Virgin Orbit, Spire Global, Planet Labs, Virgin Galactic and Rocket Lab.

BlackSky Files to raise $200 million

BlackSky, a leading provider of real-time geospatial intelligence, filed on Friday for an additional $200 million in funding to fund the expansion of its satellite fleet.

Our next-generation (“Gen-3”) satellites, which are expected to be operational from 2023, are designed to further improve our imaging resolution and include advanced sensing technology for a wide range of imaging conditions, including night, low light and a variety of weather conditions. We believe these advancements will expand the diversity and certainty of our analytics to continue to ensure our relevance to our clients. We believe that the combination of our constellation of small, frequently tasked and on-demand satellites, our Spectra AI platform, and the low cost of the constellation is disrupting the market for geospatial imagery and spatial data and analytics,” said the company said in its filing.

“Our operating strategy is to continue to improve the capabilities of our satellite constellation, increase the number of third-party data sources processed by Spectra AI, and expand our analytics offerings to increase the value we deliver to our customers. . Our two operational assets – our constellation of satellites and our Spectra AI software platform – are mutually reinforcing: as we gather more and more information about the world’s most important strategic and economic assets and locations, our exclusive database expands and increases its usefulness; allowing us to better detect, understand and predict the changes most important to our customers. Our business has a natural and powerful flywheel effect: the more data we collect and analyze, the more valuable insights we can provide to our customers.

BlackSky’s Securities and Exchange Commission filing said the raise would be through the sale of Class A common stock, preferred stock, debt securities, depository stock, warrants, subscription rights, purchase contracts and units.

LauncherOne in a stormy Mojave before being transported to Spaceport Cornwall in England. (Credit: Virgin Orbit)

Virgin Orbit prepares for Cornwall launch and signs deal with Spire Global

Virgin Orbit’s Boeing 747 Cosmic Girl and a LauncherOne rocket arrived at Spaceport Cornwall in England ahead of the first orbital launch from the UK. The company has yet to announce a date for the flight, which requires a UK government launch license.

LauncherOne arrived in Cornwall aboard a Royal Air Force C-17 cargo plane. Virgin Orbit has purchased two additional Boeing 747s, one to transport LauncherOne boosters and cargo to spaceports and the other to launch them by air. These planes are currently being refurbished.

Cosmic Girl is based at Mojave Air and Space Port in California. In addition to Cornwall, the company has launched deals from airports in Brazil, Japan, Australia and the US territory of Guam.

Spire Global signs with Virgin Orbit

Virgin Orbit and Spire Global signed a Binding Launch Service Agreement for multiple launches over several years. The first launch is expected to take place in 2023. The terms of the agreement and the number of launches were not disclosed.

Virgin Orbit launched the ADLER-1 satellite from Speyer in January 2022. It took just 22 days from Spire booking the launch to integrating the payload.

“Working with Virgin Orbit gives us flexibility and control over launches, rather than waiting for the ridesharing aftermarket to deliver the orbits we want in the timeframes we have to work with,” said Robert Sproles, vice president. -President of Constellation Planning and Operations at Spire. “This is particularly crucial in providing our Space Services customers with fast and reliable access to space so they can meet their critical deadlines.”

Space companies PSPC

Company First day of trading Opening price High Current price
Arqit (SIN: ARQQ) September 7, 2021 $9.25 $41.52 (9/23/21) $4.48
Espace Astra (NAS: ASTR) July 1, 2021 $12.30 $16.95 (02/07/21) $0.56
AST SpaceMobile (NAS:ASTS) April 7, 2021 $11.63 $15.48 (06/30/21) $7.57
BlackSky (NYS: BKSY) September 10, 2021 $11.80 $13.20 (9/16/21) 1.55
Momentus (SIN: MNTS) August 13, 2021 $10.85 12.87 (07/09/21) $1.13
Planet Labs (NYS:PL) December 8, 2021 $11.25 $11.65 (8/12/21) $5.01
Redwire (NYS:RDW) September 3, 2021 $10.70 $16.98 (10/25/21) $2.49
Rocket Lab (NAS: RKLB) August 25, 2021 $11.58 $21.34 (09/09/21) $4.19
Satellogic (NAS:SATL) January 26, 2022 $9.19 $10.92 (04/05/22) $4.99
Arrow (NYS: SPIR) August 17, 2021 $10.25 $19.50 (9/22/21) $1.18
Earth orbital (NYS: LLAP) March 28, 2022 $12.69 $12.69 (3/28/22) $2.26
Galactic Virgo (NYS: SPCE) October 28, 2019 $11.79 $62.80 (04/02/21) $4.70
Virgin Orbit (NAS: VORB) December 30, 2021 $8.525 $11.28 (1/11/22) $2.86
Stock price source: Yahoo Finance

Other space news PSPC

NASA exercised an option which extends its contract with Planet Labs under the Commercial SmallSat Data Acquisition (CSDA) program until September 2023. Planet has been providing data to NASA scientists and researchers funded by federal civilian agencies under this program since 2018.

NASA’s Jet Propulsion Laboratory selected Rocket Lab will provide solar panels that will power NASA’s shoebox-sized mobile robots under the Cooperative Autonomous Distributed Robotic Explorers (CADRE) program.

of the Galactic Virgin Youtube video about its recent “Space for the Curious” retreat for ticket holders in Wyoming drew negative reviews from shareholders unhappy with why it was “the biggest event of the year “of society rather than transporting people into space. Investors are unhappy with the repeated delays and the sharp drop in the share price. Virgin Galactic will release its third quarter results on November 3.

Jack Raines Explain why SPAC King Chamath Palihapitiya, who took Virgin Galactic public, isn’t the next Warren Buffett.

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