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.
Insights
Q3 2026 Space Industry Charts
Space funding in the private markets has not slowed down, not a bit.
Starship Launch Cadence
Starship is flying again next week on its first orbital mission, a significant milestone for the program.
Starcloud Deep Dive and Economics
Starcloud CEO Philip Johnston has been particularly open about Starcloud’s business model and targeted economics (great for all us space + numbers nerds) through dozens of media interviews and thousands of good ol’ spicy social posts.
6 Tidbits from SpaceX’s First Earnings Call (Quick Hits)
6 tidbits from SpaceX’s first earnings call, ranked 👇:
Satellite Manufacturer Transaction Valuations
MDA Space announced last week that it plans to buy Blue Canyon Technologies from RTX for $620M at a 4x revenue multiple.
Space Stocks Bull Run Chills Out
When Rocket Lab’s valuation matched that of Northrop’s on May 22nd—despite Rocket Lab having 60x less revenue—antennas went up. The company had another few days of bull before falling 30%+.
A similar trend was seen across space stocks, including BlackSky, Planet, Intuitive Machines, Firefly, and AST SpaceMobile, as the SpaceX IPO and general space hype take a breather.
SpaceX’s Rapidly Declining Revenue Multiple and Final Insights Leading Up to the IPO
SpaceX should be able to clear $100B in revenue by 2028, particularly when you consider the company is to reach $60B of annualized revenue by the end of this year (more on that later).
Planet’s Revenue Growth
Planet Labs reported strong 42% YoY Q1 revenue growth last week.
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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
