Terran Orbital to go public via SPAC - what early space companies could you be an investor in?

On Friday, Terran Orbital announced plans to go public via a SPAC, Tailwind Two Acquisition Corp. (NYSE:TWNT) at an equity valuation of $1.8b. Terran is the most recent space company to raise capital through a SPAC, following in the paths of Virgin Galactic, Rocket Lab, Momentus, Astra, and more.

The investor presentation can be found here. Initial investor reaction was negative, as TWNT closed below $10 on Friday, the redemption price for investors who do not want to participate in the acquisition.

Space has been a very popular investment this year. In addition to the companies going public via a SPAC, in March, ARK Invest, run by famed investor Cathie, Wood launched the ARK Space Exploration & Innovation ETF (BATS:ARKX). ARKX holds a diverse portfolio of companies, all that support "space exploration" in some capacity, with four main groupings: orbital space companies, suborbital space companies, enabling technologies companies, and aerospace beneficiary companies.

The advisor defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth

Interesting in investing early in companies that are exploring the future of space? There are several space companies that you can invest in today through equity crowdfunding. Check out the sample of companies below.

• Aphelion Aerospace - an ecofriendly nanosatellite company offering responsive, short-notice, and launch on-demand offerings. $7.99m valuation, invest on StartEngine.
  

• Launchspace Technologies - offers patented solutions to remove orbital debris that threatens astronauts, satellites and the International Space Station. $49m valuation, invest on NetCapital
  

• 0-G Launch - plans to offer zero-gravity research and experimental capacity for users so they can "float like an astronaut" while conducting science. $19m valuation, invest on NetCapital
  

• Detonation Space - creating next generation space engines that are 30% more efficient than current engines. $15m valuation, invest on StartEngine
  

• Orbital Assembly Corporation - a large scale space construction company that is launching the next phase of human exploration of space, artificial gravity, and rapid on-orbit assembly of large structures. $22.5m valuation, invest on NetCapital

You can see more companies that have or are actively raising capital like these here. Happy investing!