More than half of Chinese children want to be astronauts when they grow up. That’s not just because the CCP is telling them what to say and how to say it. China is an amazing country where work ethic and family values are reminiscent of the U.S. in the 50s (though they’ve started copying America’s […]
What a catch! No, we’re not talking about our staff of MBAs. Earlier this week, Rocket Lab (RKLB) snatched a booster stage out of mid-air with a helicopter. The launch company is following the SpaceX model by developing reusable rocket boosters, which many see as the best way to make access to space cheaper and […]
Kids who want to be astronauts epitomize the primal desire we all have to discover the unknown. Now that our small planet can be explored by generally anyone with resources, space is truly the final frontier. Investors seem to find the NewSpace thesis particularly alluring because it’s filled with excitement and exploration of the unknown. […]
The number of companies going public is becoming overwhelming. We largely cover U.S. initial public offerings, and 30% of them this year (measured by proceeds) have been special purpose acquisition companies (SPACs). But here’s the really interesting metric. If the data provided by StockAnalysis.com is to be believed, there have been 991 IPOs on the […]
On a small plot of blue clay soil in France are grown grapes that produce one of the finest wines known to man – Petrus. While cult wine movie Sideways painted a bad picture of merlots, nobody puts Petrus in the corner. It’s a merlot whose berries are picked one at a time, consistently commanding […]
If you’re thinking you haven’t maximized your short time here on earth, read Sir Richard Branson’s autobiography, Losing My Virginity. Let the shame and self-loathing sink in for a bit. What this charismatic human accomplished during his 71 years on this planet is hard to fathom. Considered the poster boy of entrepreneurial success, Mr. Branson’s spare […]
A funny thing happened on the way to the public markets: A startup waiting to finalize a merger with a special purpose acquisition company (SPAC) made extensive financial disclosures before sealing the deal. Rocket Lab, a leading space rocket company primarily serving the small satellite market, released a 700-plus-page document that spelled out the risks […]
Earlier this month, we broke down the upcoming public offering from Rocket Lab, which is really the only private space company other than SpaceX that is consistently conducting commercial launches. They also share one other key element – both companies believe reusable rockets represent the future of the commercial launch industry. And they’re not alone. […]
Companies that go public without revenues significantly underperform the market. At least, that’s what University of Florida professor Jay R. Ritter thinks as his research shows that a company with no revenues will underperform the market by nearly 30% over the first three years of trading (hat tip to StrictlyVC.) Then, there are special purpose […]
With special purpose acquisition companies (SPACs) coming out of the woodwork, we’re having a hard time deciding what to cover. In nearly all cases, our “coverage” involves telling our readers what shite SPACs are and pointing out all the red flags, hyped share prices, and lack of adequate information to make an informed investment decision. […]