Lockheed Martin inks $4.4 bln deal to acquire Aerojet Rocketdyne Contributor Mike Stone Reuters Published Dec 20, 2020 7:50PM EST Lockheed Martin Corp said on Sunday it has agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash. By Mike Stone Dec 20 (Reuters) - Lockheed Martin Corp LMT.N said on Sunday it has agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc AJRD.N for $4.4 billion, including debt and net cash. The deal is Lockheed's biggest acquisition since Jim Taiclet took over as chief executive in June. He is seeking to beef up the company's propulsion capabilities amid competition from new entrants such as SpaceX and Blue Origin, for space contracts with the U.S. government. "Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defense industrial base and reduce costs for our customers and the American taxpayer," Taiclet said in a statement. "As part of Lockheed Martin, we will bring our advanced technologies together with their substantial expertise and resources to accelerate our shared purpose: enabling the defense of our nation and space exploration," Aerojet's CEO Eileen Drake said in a statement. Lockheed said it will pay $56 per share for Aerojet Rocketdyne, a 33 percent premium to Friday's closing price. ______________________
2021 : Cannabis VS Space. There's corelation in two, people use cannabis and travel to space for free.
You don't need an extensive scientific background to know this. We still don't have a colony on the moon, because the costs are prohibitive even for space. We need to at least find a way for colonies to be mostly self-sustainable to minimize the amount of launches aimed at delivering supplies.
LOL. Or smoke it and decide to buy into private valuations at $50 billion. Global satellite internet isn't going to be reality before 5G and whatever comes next has already covered most of the markets that matter. So the question becomes is there hundreds of billions of dollars worth of need for Starlink and who is going to pay for it?
Good one. MAXR just went off at 120% premium. Between Space-X and Starlink... what kind of premium is Elon sitting on here?
"Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned." June, 2022 This means they are going public in 2 months, knowing Elon.
Who is going to buy the Starlink service? Governments, to feed the unwashed in rural areas? Wasn't the whole idea of Starlink to provide free Internet to the African deserts of the world? Places which have no Internet? So who will pay for it? Supposedly it was Elon out of his pocket. Now, not so much?
Exactly. I think it is a failed business model. Not to mention having to keep putting up new satellites all the time because they keep falling down in every 5 years. That is ridiculous. Both companies are unprofitable and will be for a long time. SpaceX at least has strategic importance for the US government, so they may bail him out.