Astra, Rocket Lab & Redwire Discuss SPACs at TC Sessions: Space 2021

The Rise of SPACs in the Commercial Space Industry

An increasing number of privately held space ventures are exploring avenues for entering the public stock market. A frequently utilized method for achieving this is through mergers with special purpose acquisition corporations, commonly known as SPACs.

TechCrunch Sessions: Space to Feature SPAC Insights

The upcoming all-virtual TechCrunch Sessions: Space event, scheduled for December 14-15, will provide valuable perspectives on this trend. Key executives from Astra, Rocket Lab, and Redwire will share their experiences with the SPAC process.

Executive Perspectives on Going Public

Astra’s Chief Financial Officer, Kelyn Brannon, possesses significant expertise in guiding companies through initial public offerings (IPOs). Prior to Astra, she served as the first chief accounting officer and head of finance at Amazon.com.

Brannon successfully led Astra through its public listing via a merger with Holicity in late June. The company has subsequently experienced growth, particularly following its successful first orbital launch.

Redwire's Journey to the NYSE

Andrew Rush, President and COO of Redwire, also serves on the NASA Advisory Council. He previously led Made in Space, a company specializing in in-space manufacturing, which Redwire acquired last year.

Rush will discuss Redwire’s merger with Genesis Park Acquisition Corporation and its subsequent debut on the NYSE in September. He oversees the company’s business strategy and investment decisions.

Rocket Lab's Nasdaq Debut

Adam Spice, CFO of Rocket Lab, joined the company in 2018. His background includes financial leadership roles at prominent technology firms such as Broadcom, Symwave Corporation, and Intel.

Spice spearheaded Rocket Lab’s public offering on the Nasdaq in August, facilitated by a merger with Vector Acquisition.

Navigating the Public Market Landscape

SPACs have alleviated pressure within the private space sector for public market exits. However, they have also exposed these relatively new companies to the fluctuations inherent in public investor sentiment.

The event will feature insights from these companies regarding the implications of this path for their businesses and future prospects.

Join TC Sessions: Space 2021

TC Sessions: Space 2021 will be held on December 14-15. Secure your pass to connect with the global space community and gain the latest insights on space SPACs.