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.

Orbital Space Tourism: Where Are We?

A year and a half ago, Virgin Galactic went public. Since then, the company has generated no “significant revenue”, nothing in the past two quarters, and has pushed the start of their commercial suborbital tourism service to 2022. Over on the orbital front, companies like Sierra Nevada, Boeing, and Blue Origin, are facing similar delays,.

Space Tourism: Finally, Ready for Liftoff?

As challenging as 2020 was, one part of our industry  progressed and grabbed the media limelight, even into the early part of 2021: space tourism. Several tests, funding rounds and SpaceX’s commercial launch of a NASA crew kept the dream of space tourism alive. Through hardships and long development time, demand for space tourism remains.

CNBC: How SpaceX, Virgin Galactic, Blue Origin and others compete in the growing space tourism market

More recently, space industry consultancy Northern Sky Research broke out its expectations for suborbital versus orbital tourism. By 2028, NSR expects suborbital will be a $2.8 billion market, with $10.4 billion in total revenue over the next decade, while orbital will be a $610 million market, with $3.6 billion in total revenue over the next decade.