Momentous news out from Skykraft today (see below). I estimate Skykraft's current valuation at around A$15m following the $3.5m seed round in Dec 2021. Powerhouse put in A$250,000 at that round for an ownership stake of ~1.7%.
As the company scales up from 5 satellites (proof of concept) to 250(!), another capital injection will be required and the next one will likely need to be a major one. Thus, I'm expecting a Series A for Skykraft this year or in the first half of 2024 at the latest.
The valuation of that will be anyones' guess, but if you read the post from James Kruger below ("toll roads of the sky") it is quite clear that Skykraft could/should become a significant recurring-revenue earner and the valuation will soon start to reflect that.
I have my own estimate for what I think that valuation could be, but it is probably too early to start speculating. Towards the end of this year, we might have some significant news on our hands.
