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.
Capital Markets
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.
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.
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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
