Via Satellite: SPACs for Space: Are Startups Ready for the Public Markets?
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 that much revenue. I’m just wondering what’s different now — they have more cash? Or is it because they’re going in a different direction?”
[NSR] doesn’t think attempts to attract more investors is bad thing. But, they strongly caution against setting unrealistic expectations for those investors. “I looked at the expectations of the market, the intangibles, and the market potential. I’m trying to do the math and it doesn’t work,” they said.