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Newsletter #14: Quarterly Earnings Data Overview and More

New Space Activity

New Space News

Axiom Space successfully returned a four-astronaut commercial crew from the ISS in a Crew Dragon capsule April 25th. The four astronauts were scheduled to stay on the ISS for eight days, but extended their stay to 15 days due to persistent weather issues at the landing sites. This was the first fully commercial private astronaut mission to the ISS.


Earnings Reports

There were no earnings reports from the New Space companies we are tracking over the last two weeks.


The most recent earnings data from each of the companies tracked in our New Space index is shown below.


New Space Listings

There were no new space listings in the last two weeks.


 

New Space Companies' Performance


An overview of the performance of the new space companies we are tracking since they started trading in the public markets.



Revenue forecasts from investor presentation material shared on date transaction announced

Enterprise Value on announced date calculated from equity value of SPAC transaction less anticipated cash raised, Enterprise Value on current date from Yahoo Finance

 

Share Price Movements

The top performing new space companies in our index, from a share price perspective, in the last two weeks are highlighted below, followed by the top five legacy space companies that we are tracking.


New Space Companies - Top Five Share Price Performers


Legacy Companies - Top Five Share Price Performers


 

Revenue Multiples

As many of the newly listed new space companies currently do not report meaningful revenue multiples (either forward or backward looking) we caveat that the revenue multiple numbers below should be considered carefully. As revenue multiple data becomes more meaningful for the new space ecosystem it will allow for more in-depth analysis and comparison with the legacy space ecosystem.


New Space Companies - TTM Revenue Multiples


Legacy Space Companies - TTM Revenue Multiples


New Space Companies - Forward (FY2022) Revenue Multiples




Legacy Space Companies - Forward (FY2022) Revenue Multiples



All market data from end of trading day Tuesday, 4/26/2022

Market data collected using the Yahoo Finance API

 

Promus Ventures invests in early-stage deep tech startups solving complex problems to advance everyday lives across the world. Some of Promus Ventures’ other leading portfolio investments include Rocket Lab (Nasdaq: RKLB), Whoop, Spire (NYSE: SPIR), Mapbox, ICEYE, Bellabeat, Swift Navigation, AngelList, Behavox, Gauss Surgical, Figure Eight, Isotropic Systems, Halter, Cobalt, Safehub, and numerous others.

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