The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. And shares are up 20% since hitting a 52-week low in March. Revenue was up 43% year over year, while its gross profit margin increased to 54.9% from 37.5%. The company announced fourth-quarter 2022 earnings that showed strong revenue growth, as well as improving margins and narrowing losses. However, there are indications that Planet Labs’ finances are improving and its stock is stabilizing. While many analysts are bullish on Planet Labs’ technology and future, the stock has retreated largely because the company is still unprofitable.
Since its market debut, PL stock has declined by around 60%. The company was founded in 2010 and went public in 2021 via a special purpose acquisition company ( SPAC) deal. Its technology can be used for everything from predicting weather patterns to tracking the movements of Russia’s military within Ukraine. Velo3D was seemingly caught up in the same “war bump” tailwinds that benefitted legacy aerospace & defense companies in February-this actually makes sense for $VLD, as A&D companies account for nearly 50% of the company’s total addressable market so $VLD would benefit from greater government defense contracting.Planet Labs (NYSE: PL) is a satellite maker that uses its technology to image the Earth daily to detect changes and trends. Finally it finished the month strong with the market’s rally during that time period. Then $RDW sold off with the rest of the market though the middle of February.
#Best space warfare stocks update
Redwire had a volatile month-it started February strong by FINALLY providing an update on its pending internal accounting investigation (no skeletons found in the closet thus far) and announcing preliminary 4Q results. for example, to banking, stock markets, travel sites, remote control of all. These announcements matter for $MNTS because the company has yet to formally test its Vigoride transporter in space, and won’t do so until June 2022. as a good example of how best to destroy space objects.223 However. In early February Momentus’ launch partner, SpaceX, announced a new multi-launch contract with in-space transporter Launcher Space, expanding upon a prior launch services agreement. Momentus’ underperformance was likely due to a few recent announcements by in-space transportation competitors:Īt the end of January, established in-space transporter D-Orbit announced plans to go public via SPAC. Unfortunately because Spire doesn’t capture optical imagery, it hasn’t received the same kind of public attention that the other EO companies have gotten since the end of February.ĪST SpaceMobile’s strong performance was potentially driven by the 2/15 release of a video featuring the CTO of a key $ASTS partner, Vodafone, speaking to why $VOD decided to partner with $ASTS (see below). Spire was up +30% early in February after pre-reporting preliminary 4Q21 results, but these gains disappeared by the end of the month. I believe the circulation of these companies’ Ukraine imagery in the press is a great opportunity to show how people on Earth can benefit from technology in space.Īdditionally, heightened usage by government entities during this time suggests that these EO companies may report strong 1Q22 revenue. Virgin Galactic’s positive momentum was driven by 1) a mid-February announcement that ticket sales were opening to the public and 2) relatively positive 4Q21 earnings later in the month.Įarth observation stocks ( Planet Labs, Satellogic, BlackSky ) were set for a tough month prior to the start of the Russia-Ukraine conflict, but they partly recovered due to the market rally from 2/23-2/28. Rocket Lab had a lot of notable positive news in February-early February $RKLB momentum was due to the company’s announced plans to expand its Colorado footprint and the opening of a 3rd launch pad, while a $143M contract win on 2/24 propelled shares at the end of the month. While Rocket Lab did finish the month up +6%, it was on pace for a double-digit return before shares traded in sympathy with Astra following the latter’s failed launch. Astra was actually on track for positive returns before a failed launch attempt on 2/10, after which shares plummeted -26% in a single day and remained depressed ever since.
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