this post was submitted on 07 Oct 2023

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How wrong were space SPAC projections? (spacenews.com)

submitted 1 year ago by zhunk to c/space

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[–] zhunk 6 points 1 year ago

Momentus ... reported $299,000 in revenue for 2022, less than 1% of the $152 million it told investors to expect.

That's dizzyingly bad. And it was predictable, unless you listened to the SPAC subreddit...

Astra and Satellogic are also rough. Virgin Orbit is dead. ASTS is another post-SPAC in this group that isn't listed in the article and has low/no revenue.

These should not be public companies. They were just desperate for money when it was cheap.