IPO Watch: 2 More Space Stocks You Need to Know

Core Insights - 2022 marked the end of an era for space investors as Maxar Technologies, previously a publicly traded company, was taken private by Advent International in a $6.4 billion deal, removing a key investment opportunity in the space satellite sector [1][2]. Company Developments - Advent International restructured Maxar into two distinct entities: Maxar Intelligence, now rebranded as Vantor, focusing on Earth-imaging operations, and Maxar Space Systems, renamed Lanteris, which handles satellite-building operations [5][6]. - Vantor aims to enhance its offerings by leveraging artificial intelligence and machine learning to extract value from Earth observation data, moving beyond just selling digital photographs [6][7]. Product Innovations - Vantor has introduced an AI-powered software platform called Tensorglobe, designed to create a "digital twin" of Earth, which will assist drones in navigation using terrain maps instead of GPS [7]. - The company is expected to target drone companies as a significant customer segment for future growth [8].