Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Cboe BZX  -  08:23 2022-12-07 am EST
87.67 USD   -0.66%
06:33aSocial Buzz: Wallstreetbets Stocks Mostly Lower Premarket; Tilray Brands Poised to Decline, MongoDB to Surge
MT
06:30aFrench watchdog orders Amazon to pay $3.5 million in penalties
RE
12/06Amazon Avoids Formal Charges, Fine In Final Deal With EU Regulators Over Anti-competitive Practices
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sierra Space weighs public offering to help fund space station, president says

09/23/2022 | 08:58pm EST
FILE PHOTO: IAC space exploration conference in Paris

PARIS (Reuters) - Sierra Space, a subsidiary of private aerospace contractor Sierra Nevada Corp, may go public or pursue other funding options that would accelerate the company toward its goal of building a space station, company executives told Reuters.

No private company has built a space station. Sierra is working with Jeff Bezos' Blue Origin to construct one, called Orbital Reef, in competition with other programs from companies such as Lockheed Martin and Axiom Space.

"It is one of many considerations," Sierra Space President Janet Kavandi said of a public offering, speaking to Reuters at the International Astronautical Congress in Paris. She added that the company may opt for another funding round, but that no decision has been made.

She declined to discuss whether the company would consider a traditional initial public offering or a special-purpose acquisition company (SPAC).

A $1.4 billion funding round last year, valuing the company at $4.5 billion, allowed Sierra Space to double its workforce to nearly 2,000, come closer to completing its Dreamchaser spaceplane in 2023, and expand ground tests of an inflatable habitat central to the Orbital Reef concept.

Sierra Nevada's billionaire owners, Fatih and Eren Ozmen, and contracts with U.S. space agency NASA, worth millions, have also helped.

But an injection of fresh funding would allow Sierra Space to accelerate Orbital Reef development and get it to market quicker, said Ken Shields, the company's senior director of business development.

Sierra Space hopes to have the first elements of the station in orbit by about 2027.

"The cost of attaining ambitious space goals has dropped in the last decade," said Carissa Christensen, chief executive of the business analytics firm BryceTech. "Even so, developing space vehicles and platforms is a matter of hundreds of millions to, more typically, billions of dollars, especially for human systems."

Customers of private space stations would include wealthy tourists and grant-funded academic researchers. It would also include government agencies such as NASA and the European Space Agency, which have long been on the other side of the negotiating table as space station owners.

Houston-based Axiom Space is also developing a station using NASA development funds, but the first elements of that project will grow off the ISS beginning in 2024 before splitting into an independent laboratory.

That may give Axiom a first-mover advantage, allowing it to attract key customers in a market whose size and demand is not fully understood.

"I don't think you can overstate its importance," Michael López-Alegría, Axiom's chief astronaut, said of getting their space station to market first. "Nobody knows how big the market is."

(Reporting by Joey Roulette, editing by Ben Klayman. Editing by Gerry Doyle)

By Joey Roulette


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -3.03% 88.25 Delayed Quote.-47.07%
LOCKHEED MARTIN CORPORATION -1.36% 484 Delayed Quote.36.18%
All news about AMAZON.COM, INC.
06:33aSocial Buzz: Wallstreetbets Stocks Mostly Lower Premarket; Tilray Brands Poi..
MT
06:30aFrench watchdog orders Amazon to pay $3.5 million in penalties
RE
12/06Amazon Avoids Formal Charges, Fine In Final Deal With EU Regulators Over Anti-competiti..
MT
12/06Stocks end lower as S&P posts 4th straight decline
RE
12/06Communications Services Down Sharply on Streaming Concerns -- Communications Services R..
DJ
12/06Stocks slide, dollar up as market eye central bank rate policies
RE
12/06S&P posts 4th straight decline as recession talk weighs on Wall Street
RE
12/06Wall Street slumps on further recession talk, S&P posts 4th decline
RE
12/06Factbox-Corporate America lays off thousands as recession worries mount
RE
12/06AMC Networks CEO exits after brief stint; plans 20% U.S. job cuts
RE
More news
Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2022 511 B - -
Net income 2022 -825 M - -
Net cash 2022 19 696 M - -
P/E ratio 2022 -1 052x
Yield 2022 -
Capitalization 900 B 900 B -
EV / Sales 2022 1,72x
EV / Sales 2023 1,53x
Nbr of Employees 1 608 000
Free-Float 85,8%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 88,25 $
Average target price 142,41 $
Spread / Average Target 61,4%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Jonathan Jake Rubinstein Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.-47.07%900 296
JD.COM, INC.-13.87%94 478
JD HEALTH INTERNATIONAL INC.34.66%33 840
COUPANG, INC.-38.73%31 865
ETSY, INC.-38.33%16 969
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED29.44%14 820