Our Core Satellite & Space index was down -4.7% in April, underperforming the S&P 500 which saw a gain of +1.5% and underperforming the MSCI Global (ex.-U.S.) index which saw a gain of +1.9%
Compared to the previous month, minority VC/PE equity financing volumes were in line (at 9) while M&A volumes were down (at 2 transactions, as compared to 4 deals in the month of March)
There was a resurgence of public equity market activity in the microcap space sector during April, with three public equity transactions. Japanese lunar startup ispace successfully completed its IPO inTokyo, raising gross proceeds of $50.6M – representing the first space company IPO of the year.