A flurry of about a dozen space companies went public over the last few years.
SidusSidus Space is a little-known space company that went the traditional IPO route in late 2021 and began trading on the Nasdaq at a near $200 million valuation.
But it had less than $2 million in cash at the end of September, trading at a near $9 million valuation according to FactSet.
Elsewhere in spaceA fourth space company in a potentially precarious spot is satellite imagery company Satellogic .
Overall, investment in the space sector bounced back in 2023, with companies bringing in $12.5 billion in investment last year.
Persons:
Here's, Momentus, there's, Sidus, Satellogic, hasn't
Organizations:
Astra, Astra Astra, Nasdaq, CNBC, Terran