In regards to the current trend of “SPACs for Space”, NSR was critical of the space companies’ valuations and revenue projections. “I think it will be extremely difficult to reach those revenues,” they said. “The road to market has taken them a long time to get where they are, and they have not really generated.
Such a high value is outsized compared to the company’s current annual revenue, which is about $36 million, said [NSR]. “Spire has broken down barriers in many instances, with respect to getting some customers signed up to their service,” [they] said. “But signing up additional customers, especially in new industries, could prove more challenging than.
[NSR] comments on SpaceX’s planned launch of a record breaking 143 satellites. “A growing number of launch opportunities provides more flexible and timely schedules to replace aging satellites or launch new ones, said [NSR]. SpaceX rideshare missions “certainly provide more options for small-sat satellite operators to launch and rideshares on heavy launchers are gaining traction.
When NSR noted that IFC markets did not do so well in 2018, it was not comparing the ‘hype’ with its forecast, but rather its own forecast with respect to contracts signed, antenna production, installation rates and aircraft to be outfitted. All these factors did not pan out as expected and despite a rather gloomy.
At the recent Satellite 2019 and the AIX 2019 conferences, there were many discussions centered on enhancing the passenger experience and, in the process, monetizing what is still today relatively low returns on IFC investments by airlines.