Charts Defining the Space Industry in 2025
2025 was the year of a convergence of tailwinds in the space industry.
Jack Kuhr
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.
ICEYE’s $175M Raise, $2.8B Valuation
ICEYE is, without a doubt, Europe’s largest and most successful space startup.
Tracking Space Funding Surge Across Europe in a Record 2025, Who Committed What and Who Stands to Benefit Most
Europe’s surging space investment continued at the 2025 Council of Ministers, when member states approved a €22B budget for ESA over the next three years of agency operations, a near 30% increase from the 2022 budget.
Iridium’s Subscriber Count Continues to Grow
Iridium continues to grow its subscriber base (albeit slowly) amid Starlink’s onslaught in the satcom market.
Is There a Business Case for In-Space Satellite Servicing?
The business case for satcom, EO, PNT, and defense satellites is clear. But the case for in-space servicing satellites—which fly around to extend life, refuel, inspect, service, and deorbit—is far less obvious
It’s Time for Satellite Manufacturers to Start Preparing for Starship
Starship’s clamshell fairing may still be a half-decade away, but SpaceX could deploy customer satellites via Starship’s thin pez-dispenser deployer sooner than you think.
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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
