04-05-2021, 01:01 PM
I initiated a small position in NSH.
Super small, super risky. But I like space stuff. And these guys do have potential.
It's a SPAC (yes, dodgy!) that will merge with Spire Global. Basically it goes like this. They build small satellites (cubesats) and create a satellite constellation out of those to gather data. Currently data like ship/flight tracking, weather related stuff etc. They then analyze, package and sell this data.
What I like?
First of all, this is more of a software play than a true aerospace play.
The main idea is indeed selling data that they gather and analyze to long-term customers. If this does take off properly, I see a lot of recurring revenue from long-term contracts. There is a lot of potential here, and while it is a SPAC it's not a zero revenue concept company, they actually have around 100 satellites up there already and there is already some revenue coming in. It's not much revenue, but it's something.
Super small, super risky. But I like space stuff. And these guys do have potential.
It's a SPAC (yes, dodgy!) that will merge with Spire Global. Basically it goes like this. They build small satellites (cubesats) and create a satellite constellation out of those to gather data. Currently data like ship/flight tracking, weather related stuff etc. They then analyze, package and sell this data.
What I like?
First of all, this is more of a software play than a true aerospace play.
The main idea is indeed selling data that they gather and analyze to long-term customers. If this does take off properly, I see a lot of recurring revenue from long-term contracts. There is a lot of potential here, and while it is a SPAC it's not a zero revenue concept company, they actually have around 100 satellites up there already and there is already some revenue coming in. It's not much revenue, but it's something.