Newsletter #21: November Update on New Space Companies' Performance
New Space Activity
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 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
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, 11/1/2022
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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