Q2 2026 Space Industry Charts
Another quarter, another 10+ deals over $100M.
Insights
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.
BlackSky Revenue
BlackSky generated $21M of revenue in Q1, a 29% YoY decline.
Breaking Down HawkEye 360’s IPO Prospectus
Signal intelligence business HawkEye 360 IPO’d last week, raising $416M at a $2.4B valuation.
The Terrestrial Bottlenecks Pushing Compute to Space
Today, we’re kicking off the first analysis article in a four-part report unpacking the economics of orbital data centers.
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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
