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Top related persons:
Andy Lapsa - 2 Angela Weiss - 1 CNBC's Michael Sheetz - 1 it's - 1 I'd - 1 Here's - 1 Derek Tournear - 1 Ron Rosano - 1
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CNBC - 2 SpaceX - 2 New York Stock Exchange - 1 AFP - 1 Getty - 1 Terran - 1 Galactic Astra - 1 Pentagon - 1

Search resuls for: "Andy Lapsa"


3 mentions found


☆ Investing in Space: A reality check on SPAC frenzy revenue projections
  + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +13 min
Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.
Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles
☆ Washington reusable rocket startup Stoke Space raises $100 million
  + stars: | 2023-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +2 min
Washington-based startup Stoke Space raised $100 million in new funds, the company announced Thursday, as it aims to develop a fully reusable rocket called "Nova." Stoke's latest investment round was led by Industrious Ventures – with the firm's Steve Angel, chairman of chemicals giant Linde , joining the Stoke board of directors. While a number of U.S. companies are aiming to develop reusable rockets to compete with the success of Elon Musk's SpaceX, Stoke is taking a different approach from its rivals. Stoke is developing Nova to be a "medium" class rocket that can deliver 5,000 kilograms to low Earth orbit. That puts Nova in the middle of the launch market, between Rocket Lab's "light" Electron and SpaceX's "heavy" Falcon 9 in terms of capability.
Persons: Steve Angel, fundraise, Bill Gates, Andy Lapsa, Elon, Lapsa, Nova Organizations: Stoke Space, Linde, Stoke, University of Michigan, Sparta Group, Breakthrough Energy, Point72 Ventures, MaC Ventures, Toyota Ventures, CNBC, SpaceX Locations: Washington, Stoke
☆ Bill Gates' climate investment firm is backing this reusable rocket startup
  + stars: | 2023-01-09 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Stoke Space is developing a clean-fueled, rapidly reusable rocket that can deliver satellites into earth's orbit, while protecting the earth itself by creating fewer emissions. Stoke Space is still in the first stages of testing the rocket and is a long way off from taking satellites into space. But its plans are ambitious and built around the idea of launching more satellites to combat climate change. We started thinking many years ago around how do we deploy more satellites focused on climate problems? In addition to Breakthrough Energy, investors include Spark capital, Toyota Ventures, Point72 Ventures, MaC Venture Capital and NFX Ventures.
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