Press Release

SpaceWorks® Takes Stock of the Financial Market with The SpaceWorks NewSpace Index™

By SpaceRef Editor
February 22, 2022
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The commercial space industry has – to coin a phrase – taken off. The United States is home to an estimated 5,582 space-focused companies, almost ten times more than the next country, 

the UK, according to SpaceTech Analytics. As the space economy begins to open up like never before, we are starting to see more space companies enter the public market and trade on stock exchanges. To put the NewSpace industry in perspective, SpaceWorks Commercial created the SpaceWorks NewSpace Index™, which compares the performance of a basket of publicly traded NewSpace companies to other indices.

For the purposes of this index, SpaceWorks narrowed the scope to only include commercial spaceflight

“NewSpace” companies, especially ones that went public through a Special Purpose Acquisition Company (SPAC) merger.

The SpaceWorks NSI is plotted against two key U.S. Stock Indices: The Standard and Poor’s (S&P) 500 and the Dow Jones Industrial Average.  To develop matrices that can span all three indices, SpaceWorks compares the three indices on the growth or shrinkage of a $100 investment if invested in those three company market baskets as of January 4, 2021.  

“In recent months, the majority of space-focused companies we cover in our NewSpace Index have experienced a downward trend in stock price. These negative trends can be attributed to a variety of reasons depending on the individual company, but we recognize that these are mostly immature companies just getting their products developed and to the market. Most of these companies are recently SPAC’d and haven’t even been a public company for a year yet. It will be interesting to observe their market performance over the next months and years,” said Mr. Hayden Magill, Economic Analyst at SpaceWorks Commercial and primary developer of the SpaceWorks NSI.

SpaceWorks Enterprises spans six business units including Flight, Orbital, Engineering, Software, Commercial and Studios. SpaceWorks’ Commercial Advisory team is often called upon to provide strategic market analysis, market growth projections, and due diligence inputs for startup NewSpace companies looking for independent inputs to their business plans, investment banks looking for technical insight, inventors looking to develop a business model, and agencies such as NASA and the Department of Defense. 

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About SpaceWorks
SpaceWorks Enterprises, Inc. (SEI), based in Atlanta, Georgia, specializes in leading edge space and flight product development, advanced aerospace concepts, systems engineering, software development, and economic consulting to enhance engineering design and analysis for a broad and diverse customer base. SpaceWorks is dedicated to advancing the state-of-the-art in the commercial space sector from early design phases to flight demonstration. For more information, please visit

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SpaceRef staff editor.