by Raphael Roettgen
No SPAC mergers with space companies in November, but a blockbuster round of US$1.4 billion for Sierra Space. We also had ‘traditional’ public listings by Telesat and Mynaric (of ADSs).
It was also an interesting month on the M&A front with deals including Redwire / Techshot, Inmarsat / Viasat, Planet / VanderSat, and Rocket Lab / Planetary Systems Corp.
Reminder: if you are following the new space sector and are looking for a concise introduction to its trends, main business activities, and possible outlook (and happen to speak German!) you may be interested in my book I recently published with SpaceWatch.Global – you can check it out here.
| Company | US$m | Country | Subsector | Investors |
| Sierra Space | 1400 | U.S. | Diversified | AE Industrial Partners, BlackRock Private Equity Partners, Coatue, General Atlantic, Moore Strategic Ventures
|
| Hawkeye360 | 145 | U.S. | Remote sensing | Adage Capital Management, Advance, Gula Tech Adventures, Insight Partners, Jacobs Ventures, New North Ventures, NightDragon Security, Razor’s Edge Ventures, Seraphim Capital, Shield Capital Partners, SVB Capital
|
| Astroscale | 109 | Japan | Orbit services | AXA Life Japan, Chiba Dojo, DNCA Finance, Energy & Environment Investment, Innovation Engine, Japan Growth Capital Investment Corp., Opus Japan, preludecapital, Seraphim Capital, Solaris ESG Master Fund, THE FUND Limited Partnership, Yamauchi-No.10 Family Office, YS Investment
|
| Ada Space | 55.6 | China | Remote sensing | Dongguan Financial Holdings, Hengjian Holding, Oriental Fortune Capital, Qingchuang Bole Investment
|
| Anuvu | 50 | U.S. | Satcomm | Apollo Capital Management, Arbour Lane, Sound Point Capital Management
|
| Fleet Space | 26.3 | Australia | Satcomm | Alumni Ventures, Artesian VC, Blackbird Ventures, Grok Ventures, Horizons Ventures, Hostplus, In-Q-Tel
|
| Satlantis | 18.7 | Spain | Spacecraft components | Axis, CDTI, Enagas, Orza Investments
|
| GHGSat | 16.1 | Canada | Remote sensing | Sustainable Development Technology Canada (SDTC)
|
| Inversion Space | 10.0 | U.S. | Orbit services | David Hodge, Embedded Ventures, FundersClub, Kyle Vogt, Liquid 2 Ventures, Spark Capital, Y Combinator
|
| SpeQtral | 8.3 | Singapore | Satcomm | Xora Innovation |
| The Exploration Company | 6.0 | Germany | Orbit services | Cherry Ventures, Promus Ventures, Vsquared Ventures
|
| Cognitive Space | 5.7 | U.S. | Other | N/A |
| Hydrosat | 5.0 | U.S. | Remote sensing | Cultivation Capital, Expon Capital, Freeflow Ventures, OTB Ventures, Santa Barbara Venture Partners
|
| Overstory | 3.8 | Netherlands | Remote sensing – downstream | Alex Roetter, Bill Clerico, CapitalT, Climate Capital, Futuristic.vc, Ilya Volodarsky, Justin Stevens, Mark Tercek, Moxxie Ventures, My Climate Journey Collective, Omidyar Technology Ventures, Overwater Ventures, Pale Blue Dot, Powerhouse Ventures, Shomik Dutta, Toba Capital
|
| Satsure | N/A | India | Remote sensing – downstream | Baring Private Equity India, others
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Raphael Roettgen provides financial advice to and invests proprietary capital in space companies as a managing director and founder of E2MC. He also advises institutional investors and governments on space. Previously, Raphael has held senior roles at global investment banks and hedge funds and was also a fintech entrepreneur in Brazil. He holds degrees in finance from Wharton, machine learning from PUC-Rio and space studies from the International Space University, as well as the CFA and FRM charters.
