USSF Budget as a Percentage of Defense Spend
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Commercial In-Space Propulsion Options
A catalogue of in-space propulsion options—vendors, products, and specs.
Breaking Down York Space’s IPO Prospectus
Another space business is hitting public markets.
Predicting SpaceX’s 2026 Revenue
We forecast that SpaceX’s revenue will increase from $15B in 2025 to $23.8B in 2026, driven by Starlink’s customer base doubling from 9.2M to 18.4M.
Estimating SpaceX’s 2025 Revenue
Payload is back with our 2025 SpaceX revenue model build.
What’s Kepler Cooking Up With Its Everything Constellation?
Earlier this week, Kepler (an optical comms relay business) launched its first ten 300-kg sats and announced a deal with OroraTech, to host its thermal sensors and speed up downlink via its laser-linked routing.
Charts Defining the Space Industry in 2025
2025 was the year of a convergence of tailwinds in the space industry.
Globalstar’s Revenue and Net Income
Globalstar’s future is inextricably tied to Apple—not a bad position to be in.
Direct-to-Device Competitive Landscape Report
This report breaks down the frontrunners—Starlink, AST SpaceMobile, Globalstar, Iridium, Lynk Global + Omnispace, Skylo, Equatys (Viasat and Space 42), and Amazon Leo—digs into their spectrum strategies, satellite architectures, financial positions, and deployment timelines.
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Our Thoughts on SpaceX’s IPO Plans and its $1.5T Valuation Target
SpaceX’s valuation is set to climb from $400B to $800B in a new secondary sale, setting the stage for a potential late-2026 or early 2027 IPO that could value the combined business at $1.5T, according to reporting from the WSJ and The Information, and Bloomberg.
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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
