The Investment Theses Behind Vast and Sierra’s $500M+ Mega Rounds
One day, two $500M+ raises.
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The Promise Of A World of Low Launch Prices Is Still Far Off
Falcon 9’s rideshare pricing has increased 40% over the last five years.
BlackSky FY25 Revenue and Free Cash Flow
BlackSky reported full-year revenue of $107M and -$75M of free cash flow.
Inside Starcloud and SpaceX’s Orbital Data Centers FCC Filings
After only a two months of 2026, this year is already shaping up to be the year of space data centers. In January, SpaceX filed with the FCC for up to 1M satellites (wild). A few days later, Starcloud followed with plans for 88,000 satellites of its own.
GomSpace Revenue
There’s a reason why Danish smallsat manufacturer GomSpace’s stock is up 400% over the last 12 months.
Revenge of the Bad Businesses: Refining the Space Hardware Investing Thesis During This Year’s Software Rout
The investor playbook has flipped: In the era of AI, Asset-light, high-margin good businesses (software) start to look bad, while greasy, capital-intensive, bad businesses (hardware) now look good. That’s just as true in space as anywhere else.
When Space Businesses Should Accelerate Cash Burn, When to Improve
Space businesses continue their burn streak.
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Rocket Lab Report
Rocket Lab’s thesis centers on becoming a fully integrated space infrastructure company, controlling every step from satellite production and launch to space-based data services
