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Highlights:
- Lockheed Martin Corporation (NYSE:LMT) stock returned over 26% gains YTD.
- Maxar Technologies Inc’s (NYSE:MAXR) revenue was over US$400 million in Q1, FY22.
- BlackSky Technology Inc. (NYSE:BKSY) revenue surged 91% YoY in the first quarter.
The space sector comprises companies engaged in the aerospace business. The industry has been in the limelight in recent years, with many private players joining the space business.
Last year, the sector attracted over US$17 billion alone from Venture Capital firms.
Some prominent players in the industry include Blue Origin, founded by Amazon founder Jeff Bezos, and SpaceX, founded by Tesla CEO Elon Musk. Although these are private companies, there are various publicly traded companies. Here we discuss some of them.
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Virgin Galactic Holdings, Inc. (NYSE:SPCE)
Virgin Galactic is a spaceflight firm founded by Richard Branson. It is based in Mojave, California.
The shares of the company traded at US$6.69 at 1:41 pm ET on May 26, up 3.40% from their closing price of May 25. Its stock value decreased by 52.22% YTD.
The firm has a market cap of US$1.74 billion, and a forward one-year P/E ratio of -4.28. Its EPS is US$-1.38.
The 52-week highest and lowest stock prices were US$57.51 and US$5.14, respectively. Its trading volume was 6,420,654 on May 25.
The company reported a revenue of US$319,000 in the first quarter of fiscal 2022, it earned no revenue in the year-ago quarter. Its net loss came in at US$93.05 million, or US$0.36 per share, against a loss of US$129.69 million, or US$0.55 per share in Q1, FY21.
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Astra Space, Inc. (NASDAQ:ASTR)
Astra Space is an aerospace company specializing in rocket launch and space services. The company is based in Alameda, California.
The stock of the company traded at US$2.39 at 2:13 pm ET on May 26, up 1.70% from its previous closing price. The ASTR stock fell 65.19% YTD.
The market cap of the company is US$639.25 million, and the forward one-year P/E ratio is -2.97. Its EPS is US$-1.06.
The stock touched a peak price of US$16.95 and the lowest price of US$2.07 in the last 52 weeks. Its share volume on May 25 was 2,449,871.
The company reported a revenue of US$3.91 million in Q1, FY22, while it earned no revenue in the same quarter of the prior year. Its net loss came in at US$85.71 million, as compared to a loss of US$158.97 million in Q1, FY21.
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Lockheed Martin Corporation (NYSE:LMT)
Lockheed Martin is a leading aerospace firm based in Bethesda, Maryland. It provides aerospace, arms, and defence-related services to clients.
The shares of the company traded at US$450.59 at 2:22 pm ET on May 26, up 0.68% from their closing price of May 25. Its stock value increased by 26.3% YTD.
The firm has a market cap of US$120.15 billion, a P/E ratio of 19.94, and a forward one-year P/E ratio of 16.67. Its EPS is US$22.64.
The 52-week highest and lowest stock prices were US$479.99 and US$324.23, respectively. Its trading volume was 1,032,343 on May 25.
The company reported a net sales of US$15 billion in the first quarter of fiscal 2022, compared to US$16.3 billion in the same quarter of the prior year. Its net earnings came in at US$1.73 billion, or US$6.44 per diluted share, as compared to US$1.83 billion, or US$6.56 per diluted share in Q1, FY21.
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Maxar Technologies Inc. (NYSE:MAXR)
Maxar Technologies is a space technology company engaged in manufacturing communication tools, such as radar, satellites, etc. The company is based in Westminster, Colorado.
The stock traded at US$30.14 at 2:27 pm ET on May 26, up 4.44% from its previous closing price. The MAXR stock tumbled 4.47% YTD.
The market cap of the company is US$2.22 billion, the P/E ratio is 18.49, and the forward one-year P/E ratio is 82.46. Its EPS is US$1.63.
The stock touched a peak price of US$42.59 and the lowest price of US$22.92 in the last 52 weeks. Its share volume on May 25 was 3,243,616.
The company's total revenue came in at US$405 million in Q1, FY22, up from US$392 million in the same quarter of the previous year. Its net loss was US$7 million, or US$0.10 per diluted share, against a loss of US$84 million, or US$1.30 per diluted share, in Q1, FY21.
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BlackSky Technology Inc. (NYSE:BKSY)
BlackSky Technology is a real-time geospatial intelligence company offering monitoring and AI-enabled analytics services. It specializes in launching vehicles and satellites for clients, mainly government customers. The company is based in Herndon, Virginia.
The shares of the company traded at US$2.26 at 2:33 pm ET on May 26, down by 3.00% from their closing price of May 25. Its stock value ticked down 50.21% YTD.
The firm has a market cap of US$274.89 million. The 52-week highest and lowest stock prices were US$13.20 and US$1.00, respectively. Its trading volume was 152,606,800 on May 25.
The company posted a revenue of US$13.9 million in the first quarter of fiscal 2022, representing an increase of 91% YoY. Its net loss came in at US$19.98 million, or US$0.17 per share, against a loss of US$167.16 million, or US$0.70 per share, in Q1, FY21.
The company expects its fiscal 2022 revenue to be between US$58 million and US$62 million.
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Bottom line:
The commercial interest in outer space has grown over the years, with several companies exploring business opportunities, such as space tourism. The experts believe the space industry will be a major competitor to other advanced technology sectors in the coming years.
