January Edition of Quilty Market Monitor
Our Core Satellite & Space index was down -6% in January, underperforming the S&P 500 which saw a gain of +2% and the MSCI Global (ex.-U.S.) index which saw a loss of -2%.
M&A activity was in line at two transactions. January marks the fifth month of subdued space M&A activity, averaging ~2 deals per month since September (with one-third of these being very small in size).
Space financing activity chugged along and was up slightly, with 12 equity financings in the month, and there were four equity/ equity-linked financings in the public company space. 
Notable transactions in January included Airbus’ acquisition of Eutelsat OneWeb’s 50% interest in the Airbus-OneWeb Satellites JV, AST SpaceMobile’s strategic financing round with AT&T, Google, and Vodafone, and D-Orbit’s $109M Series C financing.