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Newsletter #18: August Update on New Space Companies' Performance

New Space Activity

Earnings Reports

The most recent earnings data from each of the companies tracked in our New Space index is shown below. Note that many of these companies will be releasing their next quarterly financials in August.


New Space Listings

There were no new space listings since our last update.


 

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, 7/5/2022

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.

Recipients of this post are not to construe it as investment, legal, or tax advice, and it is not intended to provide the basis for any evaluation of an investment in any fund. Prospective investors should consult with their own legal, investment, tax, accounting, and other advisors to determine the potential benefits, burdens, and risks associated with making an investment in any fund.

Promus Ventures is a trademark of Promus Holdings, LLC. Used under license.

Copyright 2022 Promus Ventures, all rights reserved.


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