Compare Companies
| Field | 🇨🇳 GalaxySpace (Yinhe Hangtian) | 🇺🇸 AST SpaceMobileNASDAQ: ASTS | 🇫🇷 Eutelsat GroupEuronext Paris / London Stock Exchange (dual-listed): ETL | 🇺🇸 Planet LabsNYSE: PL |
|---|---|---|---|---|
| Type | private | public | public | public |
| Country | 🇨🇳 China | 🇺🇸 United States | 🇫🇷 France | 🇺🇸 United States |
| Founded | 2018 | 2017 | 1977 | 2010 |
| CEO | Xu Ming | Abel Avellan | Jean-François Fallacher | Will Marshall |
| Mkt Cap / Valuation | ~CNY 32B (~$4.5B) post-money — Series C close Feb 2025; A-share IPO counseling filed Mar 2026 | ~$22B | ~€3.5B (May 2026, ETL.PA ~€2.96) | ~$12.8B |
| Employees | ~700 | ~1,800+ | ~1,800 (Group, post-merger) | ~970 |
| Sector | Satellite Manufacturing & LEO Broadband | Direct-to-Cell Satellite Broadband | Satellite Connectivity (GEO + LEO) | Earth Observation & Geospatial Analytics |
| Last raise / Last filing | Undisclosed strategic round (2025-02) | 10-K filed | — | 10-K filed |
| Top risks | Single-customer concentration: Guowang batches dominate near-term revenue; any reallocation by China SatNet to in-house CASC/CASIC builders would compress margins; Geopolitical/export risk — US Entity-List exposure for Chinese sat-comms suppliers limits access to Western components, ground stations, and overseas markets | Capital intensity: AST has incurred ~$1.6B in capitalized property and equipment to date; the Block 2 campaign requires continued massive spend; FY2025 net loss was $341.9M despite initial revenues.; Technology and deployment risk: large-aperture satellite manufacturing at scale is unproven; any delays to the 60-satellite Block 2 campaign would push back commercial coverage and revenue milestones. | Starlink competitive pressure: Starlink's price/performance and scale dominate every LEO segment Eutelsat targets; OneWeb relies on B2B/government channels where Starlink is also moving aggressively.; Linear-video / DTH decline: Video revenue (€608M, -6.5% LfL FY24-25) is the largest single segment and structurally declining as streaming displaces satellite-distributed TV. | GAAP profitability: Planet achieved adjusted EBITDA profitability in FY2026 but remains GAAP net-loss negative; achieving GAAP positive is the key institutional re-rating threshold.; Defense contract concentration: NRO/NGA contracts drive growing revenue but expose Planet to U.S. government budget cycles, classification decisions, and competitive rebidding. |
| Next catalyst | A-share IPO counseling completion and prospectus filing (2026 H2) | Block 2 satellite deployment — target 45–60 operational satellites by end 2026 (2026-Q4) | First OneWeb Gen 2 satellite launches (Airbus-built, IRIS²-ready) (Late 2026) | Second-generation 30 cm Pelican satellites launch and first imagery delivery (2026-Q4) |
Maximum 4 companies. Pass slugs in the ids query parameter, comma-separated. Try SpaceX vs Blue Origin vs Rocket Lab vs Firefly.