SpaceNews: Satellite veterans warn of space SPAC downside
NSR outlined how Iridium’s recurring revenue, and corresponding valuation, put it in a very different position from today’s SPACs in a forthcoming SpaceNews commentary. “The recent spree of space SPACs are marked by unrealistic projections,”. “Not counting Iridium, the average space SPAC has a $1.8 billion enterprise valuation built on assumptions it can grow [an average.