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Financing terms / selected comparisons

Financing benchmarks

Compare space financing terms deal by deal: convertible premiums, bond coupons, venture rounds, M&A values, bond tenors, government money.

Randeep Bubbra | Lawyer | Making space financeable

13 convertibles with terms on file priced at conversion premiums of 20%–32.5%; the median is 25%. 19 fixed-rate US dollar tranches in the register pay coupons from 5.25%–10.75%. Each dot is one tranche, placed by its issue date and shaded by its rating at issue. 76 venture and growth rounds with a disclosed value, from US$11m–US$1.9bn; the median is US$139m.

01 · Convertible premiums20%–32.5%conversion premiumExplore02 · Bond coupons5.25%–10.75%US$ fixed-rate couponsExplore03 · Venture roundsUS$139mmedian disclosed roundExplore04 · M&A valuesUS$855mmedian disclosed deal valueExplore05 · Bond tenors1–10 yrstenor at issueExplore06 · Government moneyUS$23m–US$11.5bnper financing, US$Explore

Read the basis beside the number. These are selected historical observations from the register, not a market census, investment recommendation or legal advice. How the register is built →

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InfraOrbit Weekly

The week in space finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.

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