Post-SPAC space firms redoubling efforts to attract institutional investor

Three space companies that went public two years ago are seeking ways to build credibility with large institutional investors that have started dipping toes into the deflated market.

Launch vehicle and spacecraft developer Rocket Lab, space technology provider Redwire, and Earth observation operator BlackSky started trading shares within weeks of each other after their 2021 merger with a special purpose acquisition company (SPAC), a financial tool offering a fast-track to stock markets. […]

Redwire’s Baliff also highlighted current confusion among investors over which companies will survive the downturn and those with business models that work.

Generally, if a company listed at $10 and is now trading at $5, “you’re kind of viewed as a survivor,” he said, “you’re going to make it. If you’re below $1 … it’s teetering on investors being able to just give you any capital, and between one and five, you know, it just depends on the day.”