Our Core Satellite & Space index was down -1% in January, underperforming the S&P 500 which saw a gain of +3% and underperforming the MSCI Global (ex.-U.S.) index which saw a gain of +4%.​
Transaction activity was slightly down compared to the previous month, with eight minority VC/PE equity financings, two M&A transactions, and one public equity financing announced. ​
The largest M&A transaction announced in the month was Redwire’s pending acquisition of Edge Autonomy (enterprise value of $925M). Edge Autonomy is a UAS technology company, and on a pro forma basis, the sizable acquisition by Redwire creates a multi-domain leader across space and airborne.​