Why We Are Seeing a Growing Disconnect Between Public and Private Space Markets
Private space markets are hotter than ever. Not a whiff of deceleration. The opposite is happening in public space markets.
Capital Markets
SpaceX Earnings Blitz
Total Revenue: $14.6B (+161% YoY). For comparison, the company generated $18.7B of revenue for all of 2025.
How Space Companies Can Prepare for a Potential Launch Gap
Based on conversations we’ve had with both space company executives and investors, there is a clear disconnect in prevailing sentiment on the impending launch crunch.
Blue Origin Numbers Revealed
Thanks to the WSJ, we finally have some concrete numbers on Blue Origin.
The Most Active Space VC Firms: Who’s Leading and Backing Space’s Top Startups?
Space companies have turned into serial fundraisers, often raising every year like clockwork and never really ever exiting the market.
There is good reason for this.
The Launch Crunch Just Made a ULA Sale Worth Revisiting
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Space Stocks Plunge 60%+ in Just Two Months
Space stocks did nothing but go vertical in the first half of the year (many were up well over 100%).
Momentum was driven by SpaceX’s IPO and valuation, increased geopolitical conflict with the war in Iran, orbital-data-center hype, and a broader market pivot from software into hardware businesses.
A New Crop of Early Stage Space Startups Emerges
Introducing the new crop of early-stage space startups.
Will the Space Industry Consolidate Like Defense Did in the 90s?
The year was 1993, and Lockheed was without Martin, Northrop was without Grumman, and Boeing had not yet acquired McDonnell Douglas. The defense industry had a diverse set of suppliers, with over 50 defense primes competing for government contracts.
Nuggets in the SpaceX S-1 and Our Thoughts on the Business
SpaceX’s IPO prospectus is here.
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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
