11 - projected, Q2 for FY2024): Full-year guidance after last quarter's unexpected, gloomier forecast. 14 - projected): Updates on BlueWalker 3 satellite performance and latest timeline to launching commercial service. 11): Performance of LEO 3 demonstration satellite, and pathway (especially financially) toward Lightspeed constellation. 9): Latest timeline to profitability and execution on, as well as building of, its order backlog. 8): Watching for progress toward Neutron's first flight, especially for any Archimedes engine development milestones. 7): I'll be looking for an update on Jupiter 3 satellite commissioning, which should launch this week, and whether Hughes broadband subscribers are still declining. 1): With its first commercial spaceflight in the books, I'm watching for updates on the company's projection for increasing flight cadence to a monthly rate, while keeping net loss under control as it funds Delta-class development. Here's when they're expected to report, per FactSet, and what I'm watching for: The macroeconomic environment remains challenging for companies that are unprofitable and have high cash burn, with the Fed recently hiking interest rates to the highest level since 2001.Īs a guide for the upcoming Q2 space results, I'm roughly separating companies into two groups: No surprises wanted, and good surprises needed. Most of the other space stocks will report results over the first two weeks of August (aside from Planet, which follows a fiscal year calendar, and Mynaric, Satellogic, Intuitive Machines and Sidus Space ). Nevertheless, Barclays slapped a buy call on Iridum's stock, calling the risk-to-reward attractive. Wall Street continues to be jazzed about the opportunity in the direct-to-device satellite market, but Iridium cautioned that it will take time for the nascent vertical to mature. ![]() Iridium was the first of the space pure-plays to report. Boeing, meanwhile, reported another hefty charge from its delayed Starliner spacecraft, bringing that program to $1.5 billion in losses to date. That said, Lockheed's and Northrop's space divisions were top performers in Q2. The big players – Lockheed Martin, Boeing, Northrop Grumman – kicked things off as usual.ĭespite the billions in space-related revenue they pull each quarter, the sector doesn't typically rank highest on shareholders' watch items. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower
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