Nuggets in the SpaceX S-1 and Our Thoughts on the Business
SpaceX’s IPO prospectus is here.
Capital Markets
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.
Breaking Down York Space’s IPO Prospectus
Another space business is hitting public markets.
Charts Defining the Space Industry in 2025
2025 was the year of a convergence of tailwinds in the space industry.
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.
Annual Poll: Most Attractive Space Investment Sector Results
Last week, we ran our annual poll in the Pro newsletter on the most attractive space investment sectors. Results are in
The Intuitive Machines <> Lanteris Deal, Explained
We finally have an answer for why Maxar Space Systems changed its name to Lanteris.
Where Are We in the Space’s Venture Investing Cycle?
How hot is the current space investing cycle right now? Apex raising two $200M funding rounds in back-to-back quarters, kind of hot.
What is Rocket Lab Plotting with its $750M Stock Offering at Peak Valuation?
So, what is Rocket Lab cooking up?
Implications of SpaceX’s $17B EchoStar Spectrum Deal
The deal resets SpaceX’s direct-to-cell (DTC) 5G ambitions, reshapes the DTC competitive landscape, impacts downstream competitor vendors, and could redefine the relationship between mobile carriers and satellite providers.
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LATEST REPORT
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
