The space sector has seen a variety of mergers and acquisitions since the start of the year, but the deal-making is only heating up.
is looking to sell off its aerospace subsidiary. ULA referred my request for comment on the sale process to Boeing and Lockheed. A Ball Aerospace spokesperson declined to comment.
Meanwhile, one financier told me even Boeing is exploring options for its space business, and "everything's on the table." The person, who had knowledge of the conversations, told me no "hard decisions" have been made yet regarding what the company may do with its space portfolio, but it could potentially divest or sell its satellite manufacturing unit. Boeing did not respond to my request for comment.
An important nuance emphasized by many during my conversations: these deals, whether they're worth millions or billions, are not all equal. The markets and underlying technologies of space companies are often very different, and the reasons why one company sells or fails are often just as different from that of another.
Likewise for buyers, who may go after a deal because they're chasing a deep discount, looking to quickly add talent in a key area, adding complementary services or technology, or any other number of incentives. "This is an incredible opportunity … if you've been doing all the hard work through the market frenzy and you've been building a business on sound unit economics … now is the time to move," one person told me. "You can really clean up.", as the pair of Colorado companies adapt to the new normal of a tight funding environment. Ursa Major was hit particularly hard, letting go of about 27% of its employees.
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