Investment in space companies

[TrevorMonty]

There is lawsuit being filed against Vector, just law firm trying it on. Should be able google details.

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[Danderman]

I guess I have some significant holdings in Nanoracks or Voyager, not sure which, but they are not public.

[trimeta]

There is lawsuit being filed against Vector, just law firm trying it on. Should be able google details.

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Two different lawsuits, it seems, both concerning whether Vector Acquisition Corporation breached its fiduciary duties in how it went about establishing its merger agreement with Rocket Lab.

[TrevorMonty]

ARK Investments have Space and Technology fund ARKX, worth looking at stock this fund is holding.

Only just started so no grow at present. They will likely buy into new space companies as they go public.

Will be interesting see which companies they invest in and if they are same companies I think have good future. No Virgin shares which gives me confidence the fund managers know industry.



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[Danderman]

ARK Investments have Space and Technology fund ARKX, worth looking at stock this fund is holding.

Only just started so no grow at present. They will likely buy into new space companies as they go public.

Will be interesting see which companies they invest in and if they are same companies I think have good future. No Virgin shares which gives me confidence the fund managers know industry.



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I stay away from investment funds, why pay a middleman?

[high road]

ARK Investments have Space and Technology fund ARKX, worth looking at stock this fund is holding.

Only just started so no grow at present. They will likely buy into new space companies as they go public.

Will be interesting see which companies they invest in and if they are same companies I think have good future. No Virgin shares which gives me confidence the fund managers know industry.



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I stay away from investment funds, why pay a middleman?

Because pooled resources can buy a more diversified, stable portfolio. Other than that, YMMV.

[edzieba]

ARK Investments have Space and Technology fund ARKX, worth looking at stock this fund is holding.

Only just started so no grow at present. They will likely buy into new space companies as they go public.

Will be interesting see which companies they invest in and if they are same companies I think have good future. No Virgin shares which gives me confidence the fund managers know industry.



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I stay away from investment funds, why pay a middleman?

Exposure to companies that are not publicly traded. The US has some of the more draconian barriers against private individuals investing in non-public companies, so unless you can pass the very high 'Accredited Investor' threshold or the company raising funds meets the requirements for (and is willing to jump through the regulatory hoops required for) equity crowdfunding, investing in a fund that is able to acquire stake in private companies is the only way to invest in those private companies.

[trimeta]

ARK Investments have Space and Technology fund ARKX, worth looking at stock this fund is holding.

Only just started so no grow at present. They will likely buy into new space companies as they go public.

Will be interesting see which companies they invest in and if they are same companies I think have good future. No Virgin shares which gives me confidence the fund managers know industry.



Sent from my SM-G570Y using Tapatalk

I stay away from investment funds, why pay a middleman?

Exposure to companies that are not publicly traded. The US has some of the more draconian barriers against private individuals investing in non-public companies, so unless you can pass the very high 'Accredited Investor' threshold or the company raising funds meets the requirements for (and is willing to jump through the regulatory hoops required for) equity crowdfunding, investing in a fund that is able to acquire stake in private companies is the only way to invest in those private companies.

Is ARKX doing that, though? Their list of component holdings all include a stock ticker of their own, I think an individual investor could put money into any of those companies separately if they wanted.

The real reason to invest in ARKX is if you trust their ability to pick appropriate space-related companies (and rebalance them periodically as value, both real and potential, changes) greater than your own. Which may be worth the premium, or maybe not, depending on what they're charging and whether they're actually adding value.

Personally, I see highly industry-specific ETFs as boutique products, where you're not seriously expecting them to be a major part of your portfolio, you just want to have a stake in that industry. If you care that much, you probably care about individual companies and should be making your own decisions about which to invest in.

[Danderman]

I try to keep it simple, just invest in a company.

[Tywin]

Other space ETF is UFO...

https://www.morningstar.com/etfs/xnas/ufo/quote

And ROKT...

https://www.morningstar.com/etfs/arcx/rokt/quote

[Tywin]

Satellogic is public now with the SPAC CFA...

https://www.cnbc.com/2021/07/06/space-company-satellogic-spac-deal-at-1point1-billion-valuation.html

[TrevorMonty]

Planet have jumped on SPARC bandwagon, did wonder when they would go public. They would be one of my top picks for investment, have solid track record and customer base. Probably better bet for steady dividend return than massive grow in their share price.

https://www.planet.com/pulse/planet-to-become-publicly-traded-company-through-merger-with-dmy-iv/

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[Danderman]

I wonder if we are going to see a new launch company do a SPAC, and then never launch again, holding into hundreds of millions of dollars in investment dollars.

[Asteroza]

I wonder if we are going to see a new launch company do a SPAC, and then never launch again, holding into hundreds of millions of dollars in investment dollars.

So, like a scamcurrency exit scam?

[Danderman]

On the other hand, it will be interesting to see the impact of the announcement of an upcoming launch on stock price.

[TrevorMonty]

Buyer beware when it comes to these SPAC deals.

https://www.marketwatch.com/story/space-exploration-spac-targeted-by-sec-in-crackdown-11626213857?redirect=amp#click=https://t.co/LUcmjl3YWW

I've only invested in companies with flight proven HW and solid customer revenue stream. There is no guarantee any company will make forecasted revenue streams but with solid current base they shouldn't go bankrupt.
My investments have still been gambles as they are in SPACs which may not complete their mergers, if that happens should still get 80-90% money back.

A good number of upcoming SPAC mergers are with companies that have yet to be flight proven and definitely don't have solid customer base with steady revenue stream.






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[Danderman]

I was curious if announcements of new contracts would impact share price, and the ASTR announcement answered my question: the share price rose about 20%.

[Danderman]

I am curious to see how the Astra successful launch will impact their share price on Monday. Currently $9.53.

[su27k]

Interest in SPAC mergers declining

While mergers involving special purpose acquisition corporations (SPACs) dominated the space industry for much of the year, one expert sees warning signs of waning interest in this way of taking companies public.

Speaking at the ASCEND conference by the American Institute of Aeronautics and Astronautics here Nov. 16, Phil Ingle, a managing director at Morgan Stanley, said weakening interest in SPACs in the broader market may make it more difficult for space firms to raise large amounts of capital by merging with such “blank check” companies.

“There are certain warning signs in terms of what’s happening in the SPAC market,” he said. “There are real signs of fatigue in the SPAC market right now.”

[Danderman]

It’s not unreasonable to see SPACs as a fad. The question is whether any of these companies will pull of an IPO.