Space companies Spire and Momentus get stock exchange delisting warnings

Space companies Spire and Momentus get stock exchange delisting warnings


Spire Global at the New York Stock Exchange, August 17, 2021.

Source: NYSE

A pair of space companies received delisting warnings on Friday, according to securities filings, as both ventures’ stock prices stood below $1 a share.

Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while spacecraft delivery company Momentus received a notice from the Nasdaq.

Under the respective exchanges’ compliance rules, the companies have 180 days, or about six months, to get their stock prices back above $1 a share.

Spire’s stock closed at 69 cents a share on Friday, having first slipped below $1 a share on Mar. 7.

Momentus’ stock closed at 63 cents a share, slipping below $1 a share on Feb. 7.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

Both companies noted the possibility of conducting a reverse stock split to regain compliance.

Spire debuted on the public markets in August 2021, after completing a SPAC merger. The company hit $100 million in annual subscription revenue, it announced during its Q4 results, and has continued to shave its losses as it aims to be free cash flow positive in about a year.

Momentus also debuted in August 2021, following its own SPAC merger. After a turbulent leadership changeover, the company has struggled to ramp up its spacecraft platform business. In Q4, it saw minimal revenue, but hopes to fly multiple missions this year.

The warnings come as fellow space company Astra seeks an extension from the Nasdaq to regain compliance after it received a delisting warning last year.



Source

Summer rentals in the Hamptons are down 30%
Business

Summer rentals in the Hamptons are down 30%

Key Points Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%. Some renters may be holding out […]

Read More
Costco tops earnings and revenue estimates as sales jump 8%
Business

Costco tops earnings and revenue estimates as sales jump 8%

The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty Images Shares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8% year-over-year sales gains. Here’s how the warehouse club retailer did […]

Read More
American Eagle issues downbeat quarterly guidance as earnings miss expectations
Business

American Eagle issues downbeat quarterly guidance as earnings miss expectations

American Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic uncertainty. “The first quarter was a challenging period for our business,” CEO Jay Schottenstein said in a release. “While we are […]

Read More