NewSpace Index Launched by SpaceWorks

In an effort to put the NewSpace industry in perspective, SpaceWorks Commercial has created the SpaceWorks NewSpace Index, which compares the performance of a basket of publicly traded NewSpace companies to other indices.

“In recent months, the majority of space-focused companies we cover in our NewSpace Index have experienced a downward trend in stock price. These negative trends can be attributed to a variety of reasons depending on the individual company, but we recognize that these are mostly immature companies just getting their products developed and to the market."

Hayden Magill, Economic Analyst at SpaceWorks Commercial and primary developer of the SpaceWorks NSI.

For the purposes of this index, SpaceWorks narrowed the scope to only include commercial spaceflight “NewSpace” companies, especially ones that went public through a Special Purpose Acquisition Company (SPAC) merger.

The SpaceWorks NSI is plotted against two key U.S. Stock Indices: The Standard and Poor’s (S&P) 500 and the Dow Jones Industrial Average. To develop matrices that can span all three indices, SpaceWorks compares the three indices on the growth or shrinkage of a $100 investment if invested in those three company market baskets as of January 4, 2021.

“In recent months, the majority of space-focused companies we cover in our NewSpace Index have experienced a downward trend in stock price. These negative trends can be attributed to a variety of reasons depending on the individual company, but we recognize that these are mostly immature companies just getting their products developed and to the market. Most of these companies are recently SPAC’d and haven’t even been a public company for a year yet. It will be interesting to observe their market performance over the next months and years," said Mr. Hayden Magill, Economic Analyst at SpaceWorks Commercial and primary developer of the SpaceWorks NSI.

SpaceWorks Enterprises spans six business units including Flight, Orbital, Engineering, Software, Commercial and Studios. SpaceWorks’ Commercial Advisory team is often called upon to provide strategic market analysis, market growth projections, and due diligence inputs for startup NewSpace companies looking for independent inputs to their business plans, investment banks looking for technical insight, inventors looking to develop a business model, and agencies such as NASA and the Department of Defense.

(Chart provided with SpaceWorks news release)