A handful of space companies are running out of cash and time. Here are three at risk
Publishing timestamp: 2024-01-27 07:00:01
Summary
Momentus, Astra, and Sidus Space are publicly traded space companies that are running out of money and facing potential delisting, acquisition, or bankruptcy. Satellogic is also in a precarious financial position. Despite these struggles, the space sector as a whole is still attracting investment and not experiencing severe fallout from the recent wave of public debuts.
Sentiment: NEGATIVE
Tickers: SATL, SIDU, ASTR, LLAP, SPCE, MNTS,
Keywords: technology, transportation, space industry, astra space inc, the edge, business, business news, breaking news: technology, tailwind two acquisition corp, aerospace and defense industry, sidus space inc, breaking news: business, momentus inc, satellogic inc, virgin galactic holdings inc,
Source: https://www.cnbc.com/2024/01/27/three-space-companies-at-risk-of-running-out-of-cash.html