Evaluating only Sky and Space Global’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
Meir Moalem founds Sky and Space Global in Perth to build a nanosatellite equatorial communications constellation for underserved markets.
FUNDING
Sky and Space Global lists on ASX in October 2016 raising AU$18M; targets 200-satellite constellation by 2020.
PRODUCT LAUNCH
Three Pearl nanosatellites successfully launched on ISRO PSLV; voice and data demos work but commercial customers do not sign.
SHUTDOWN
Sky and Space Global delisted from ASX and wound up in 2020 after failing to raise constellation deployment capital; AU$60M spent with zero revenue.
Full Analysis
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Documented cause
Sky and Space Global, founded by Meir Moalem and listed on the ASX in 2016, raised approximately AU$60M to deploy a constellation of 200 nanosatellites providing narrowband communications over equatorial regions for underserved markets. After launching three demonstration 'Pearl' nanosatellites in 2018, the company failed to raise the AU$150M needed for full constellation deployment. Revenue never materialized and the company was delisted from ASX and wound up in 2020.
Lesson
“Public listing on a junior exchange cannot substitute for lead anchor customers in a capital-intensive satellite constellation play.”