![]() Recipient is deemed to agree to the foregoing confidentiality requirements. By accepting delivery of this presentation, the The recipient of this presentation shall keep this presentation and its contents confidential, shall not use this presentation and its contents for any purpose other than as expressly authorized by Spire GlobalĪnd NavSight and shall be required to return or destroy all copies of this presentation or portions thereof in its possession promptly following request for the return or destruction of such copies. (“NavSight”) or any of their representatives as to the information contained in these materials or disclosed during any Purposes, and no representation or warranty, express or implied, is made by Spire Global, NavSight Holdings, Inc. LOOKING STATEMENTS This presentation contains proprietary and confidential information of Spire Global, Inc., and the entire content should be considered “Confidential Information.” This presentation is made solely for informational “As long as we have a water-based propulsion system at the core of our technology and service offerings, and with our plans to scale our product line, Momentus will likely be the low-cost provider across the largest swath of the market-and will be able to provide services beyond what either York Space Systems or Rocket Labs are planning,” Kokorich wrote Quartz in an email.Exhibit 99.2 INVESTOR PRESENTATION March 2021Exhibit 99.2 INVESTORĭISCLAIMER AND FORWARD–LOOKING STATEMENTS DISCLAIMER AND FORWARD He also argues that the company’s propulsion system is more efficient and safer than those used by competitors. Mikhail Kokorich, Momentus’ founder and CEO, replies to these concerns by noting that his company’s current vehicles and next-generation vehicles are larger and more powerful than those built by its competitors, and will benefit from working with a range of rockets, including many still under development. York Space Systems offers a generic satellite bus that customers can use to create “satellites as a service.” Northrop Grumman and Astroscale are developing specifically designed vehicles to re-fuel, repair, or move existing satellites. Rocket Lab, a leading small-satellite launcher, developed its own vehicle called the Photon, and Spaceflight, a launch broker that also works with SpaceX, is developing a “last mile” transit solution of its own. The challenge is the competition it faces in all of these businesses. Momentus also plans to use its new capital to add new business lines, flying payloads on its spacecraft for businesses that want to collect data in space without building a bespoke satellite, and providing refueling and other services to existing satellites. If it wins all those contracts, it will still need to find an additional $780 million in total revenues through 2024. But it’s still a generous prediction: The company currently has $90 million in booked business through 2022, and $1.1 billion under negotiations. The slides in the Momentus presentation suggest the valuation makes more sense compared to 2024 estimated revenues of $1.2 billion. Profitable, fast-growing software companies currently trade at an average of 16 times their forecast revenue. The company forecasts $19 million in revenue next year, which means its valuation is 63 times its next-twelve-months revenue. Stable Road values Momentus at $1.2 billion. 7 investor presentation were eyebrow-raising. We’re still awaiting the official Momentus prospectus, but figures shared in an Oct. The company is effectively a middleman-its backers call it a space infrastructure company-that enables SpaceX and other rocket makers to provide more flexible service, while allowing satellite operators to spend more time and resources on their spacecraft’s payload than on figuring out how to get it where it’s going. After test-flying a prototype in 2019, Momentus has lined up a partnership with SpaceX and signed contracts with small satellite operators, notably the internet-of-things play Swarm, to ferry their spacecraft to the right orbit. Momentus has developed a water-fueled propulsion system and vehicle called Vigoride to provide that “last mile” transportation to satellites once they are launched into space on rockets. As we’ve seen, a risky firm with a compelling story can also become a darling of individual investors. It’s the same way Virgin Galactic became the first publicly traded human spaceflight company last year. The purchaser is a fund raised by Stable Road Capital that trades on the NASDAQ as SRAC, and will become MNTS in early 2021. This time around, the target is Momentus Space.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |