Software as a service, space as a service - NSH

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NSH - NavSight Holdings, Inc. - $10.49

NSH/WS $1.90

Shares Out: 23M

Why I invested: Data mining, data synthesis, and space arena - this is just the type of stock Cathie Woods would invest in, and when she buys, millions will follow. Her 'space ark' ETF will be disclosed by the end of the month, I wanted to get in before that.

The company is forecasting revenue from the European Space Agency will be worth $2.7 billion over 25 years, and they expect to harvest much of that with their connections, not to mention the American opportunities. They already have satellites in space, they already have revenue (23M in 2020). They have a constellation of over 100 satellites. Spire Global said in its press release it's pioneering the space-as-a-service business model. Spire Global is offering fast, scalable and reliable access to space at a fraction of the cost and time, according to its presentation. The company’s satellites take three to six months from design to launch versus 12 months for competitors.

The leadership of this SPAC is dominated by multiple people who have spent their careers working in national security as well as providing differentiated expertise and technology to U.S. government customers in support of their national security, intelligence, and defense missions. They have worked at top government agencies in this area including the NSA, have grown businesses in the space and have invested in many others. In doing this, they obviously have developed an extensive network of contacts and relationships which will provide substantial sources of acquisition opportunities. My guess is that this will be in the cybersecurity space based on the leadership’s past experience. I have little doubt that they won’t find an ideal target as this is such a niche market that other SPACs are not targeting and the management team has so much experience in it.

IPOSize: $230M

Target: US government national security, intelligence and defense vendors in the tech space.

Companies that:

• Are differentiated expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.
• Have a defensible market position, possess a track record of maintaining and growing long-term customer relationships, and derive a majority of their revenue from prime contracts;
• Hold positions on large multi-year IDIQ (indefinite delivery, indefinite quantity) contracts and programs, and/or possess proprietary technology and and/or can deliver specialized capabilities;
• Have sole source positions on high priority and well-funded contracts and/or programs that can result in above average profitability margins;

Leadership:

Robert A. Coleman

• Founder, CEO and President of Integrated Data Systems Corporation, acquired by ManTech (defence contracting).
• Co-founder of Six3 Systems, Inc (cybersecurity, intelligence, surveillance, and reconnaissance services and technology to the Intelligence Community and the Department of Defense).
• Former senior positions with Raytheon, SAIC and the Office of the White House.
• Advisory board member of the National Defense Industrial Association.
• Board member of BlackHorse Solutions (digital security), and Lookingglass Cyber Solutions (cyber security).

William P. Crowell

• Former Deputy Director of National Security Agency.
• Former Chairman of Broadware Technologies (Video surveillance software company).
• Former Director ArcSight, Inc (public security), Six3 Systems, AirPatrol Corporation (information security), Fixmo, Inc (mobile device security), SafeNet, Inc (encryption, data protection, and authentication solutions company).
• Former President and CEO Cylink Corporation (e-business security solutions).

Ambassador Henry A. Crumpton

• Partner at AIM13 CVP (Venture capital firm focused on investing in emerging technologies, especially in the defense, national security and intelligence domains).
  • Invested in Trinity Cyber (Cybersecurity), Whitefox (Drone airspace security), Allied Bioscience (Antimicrobial coatings).
• Former Deputy Chief (Operations)Counterterrorism Center, Chief of the National Resources Division at CIA.
• Former Deputy Chief of the International Terrorism Operations at FBI.
• Former Coordinator for Counterterrorism at the U.S. Department of State.

Gilman Louie

• Chairman of Lookingglass Cyber Solutions, Inc. (Cybersecurity).
• Founder and former CEO of In-Q-Tel (CIA venture capital fund).
• Board of directors, Maxar (Space technology).
• Former Committee on Persistent Forecasting of Disruptive Technologies for the National Academies and member of the Markle Foundation Task Force on National Security in the Information Age.
• The person who licensed Tetris.

Jack Pearlstein

• Involved with 40 acquisitions, mergers and divestitures.
• Former Executive Vice President and Chief Financial Officer of Cision (software and services to public relations and marketing communications professionals).
• Former CFO of multiple tech/software companies.

thanks to user SolarFlareBeAware for his research.