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SPACs for Space: Are Startups Ready for the Public Markets?

Astra, and
AST SpaceMobile have recently announced plans to go public through Special Purpose Acquisition Companies (SPACs), a method of financing that has become very popular in recent months.
Via Satellite spoke to a number of space investors and analysts to gauge the benefits for startup companies that take this route to scale. While most industry watchers see SPACs as an opportunity, several noted the high expectations for executing bold growth projections to justify valuations all while under the scrutiny of being a publicly traded company.
In the SPAC process, a shell company is formed and goes public. Then, the shell company looks for a company to combine with. The SPAC’s investors must approve the combination for the merger to go forward. “A SPAC is in essence a pool of capital looking for an investment target, and if it doesn’t find one in time, the sponsor has to return purchasers’ money,” said Owen Kurtin of ....

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Satellite company Spire Global plans to expand with new funds

Satellite company Spire Global plans to expand with new funds
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A Lemur-2 satellite built by California-based Spire Global is shown in processing by the European Space Agency during a recent mission. Photo courtesy of European Space Agency
March 8 (UPI) A San Francisco company with about 100 satellites in orbit for weather and transportation monitoring has plans to expand after listing its stock for public trading this summer.
Spire Global is confident it can use its existing satellites to produce much more data and attract new customers with $475 million in cash it expects to raise by going public, CEO Peter Platzer said in an interview last week. ....

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SpaceX plans record-breaking launch with 143 satellites

SpaceX plans record-breaking launch with 143 satellites
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A SpaceX Falcon 9 rocket, similar to the one shown that was launched in 2020, is packed with dozens of satellites for the Transporter-1 rideshare launch Saturday. File Photo by Joe Marino/UPI | License Photo
A Lemur-2 satellite built by California-based Spire Global, like the one shown in processing by the European Space Agency during a recent mission, is on board the SpaceX Transporter-1 mission planned for launch Saturday. Photo courtesy of European Space Agency
A very small, nano-satellite like the one shown made by California-based Tyvak is on board SpaceX s planned Transporter-1 mission to launch from Florida on Saturday. Photo courtesy of Tyvak ....

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Les vacances forcées du père Noël

Les vacances forcées du père Noël
ici.radio-canada.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ici.radio-canada.ca Daily Mail and Mail on Sunday newspapers.

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Silver Alert Issued for Illinois Man Believed to be in Wisconsin

By Casey Nelson
Dec 18, 2020 2:13 PM
MADISON, WI (WTAQ-WLUK) -A Silver Alert has been issued for an Illinois man who may be driving in Wisconsin.
Claude Rousseau, 77, of Naperville, Illinois was last seen Thursday.
Law enforcement received information that he likely traveled into the state of Wisconsin Friday morning.
He is driving a brown 2014 Buick LaCrosse with the Illinois license plate CR345.
He is described as 5’9″, 150 pounds, with brown eyes and grey hair. He was last seen wearing grey puffy winter coat, glasses and a hat.
Anyone with information is asked to call Naperville Police Department (IL) at 630-420-6173.
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