A SpaceX Falcon Heavy rocket sits atop a launch pad at the Kennedy Space Center. (SpaceX)
Space News: Defense giants are hungry for space companies
TAMPA, Fla. — Large defense companies are itching to buy space assets as part of the market is on the verge of a shake-out, executives discussing deal-making in the industry said Feb. 8.
Phillip Ingle, a managing director in Morgan Stanley’s investment banking division, highlighted large “appetite for the big primes to get their hands on attractive space assets” during the SmallSat Symposium in Mountain View, California.
U.S. Department of Defense budgets orientated “towards space are growing much more healthfully than other parts of the defense budget,” Ingle said, encouraging primes “to grow their space businesses because that’s where a lot of the growth is.”
Defense giants Raytheon and L3 Harris have set up venture capital arms in recent years to capture emerging technology, he noted, following the steps of Boeing and Lockheed Martin.
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WNU Editor: Maybe SpaceX is up for sale .... SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz (CNBC).
2 comments:
SpaceX works flawlessly. Put it in these big useless conglomerates of poor and shoddy workmanship (Artemis useless overpriced rocket jobs program, LCS, F-22, etc) and it will become a useless organization.umwalts, Ford carrier, Just like these pig conglomerates who've given us garbage ships and aircraft.
They'll be crashing rockets regularly.
Great. Less capability at 5x the price.
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