Falcon 9 Cost and Margins
In 2017, SpaceX built 13 new boosters for its 18 total Falcon 9 launches—a 72% new booster rate. So far this year, the company has built seven new boosters for 124 Falcon launches—a 6% new booster rate.
Insights
Charts Defining the Space Industry in Q3 2025
The top 10 deals this quarter raised a combined $1.4B in funding, higher than Q2 at $1.2B, and Q1 $859M.
Six Golden Dome Architecture Options Proposed by AEI
American Enterprise Institute recently published a report gaming out six different Golden Dome architectures and cost estimates that the Trump administration could choose from.
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.
SpaceX Booster Reuse
Over 90% of Falcon 9 launches use flight-proven hardware, driving marginal launch costs below $15M.
Enter the COTS Era
COTS is credited with playing a pivotal role in SpaceX’s rise, helping fund the development of the Falcon 9 rocket and Dragon spacecraft.
The Scale of Capital: Amazon vs. SpaceX
Amazon is now generating more free cash flow in a single quarter than the total capital SpaceX raised during the past 30 funding rounds.
ISS vs. Commercial Station Costs
The International Space Station cost $150B (inflation adj.) to build, whereas a commercial space station is expected to cost between $2B and $5B.
Tracking Orbital Debris
Over the past decade, the number of active satellites has increased by an order of magnitude.
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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
