Global Space Economy
The new space economy — 64 companies across 10 countries, $546B in 2025
Space Stocks — Live Prices
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Public-Comp Scorecard
| 047810KOSPI | 🇰🇷South Korea | ~₩9.5T (~$7.0B) | ₩3,696.4B (~$2.7B) FY2025 | ~₩30T+ (~$22B+) total — KF-21 production, T-50 family exports, Apache MRO, Nuri/CAS500 satellite programs | … | 3166666666666.7x |
| PLTRNASDAQ | 🇺🇸United States | ~$340B | $4.48B (FY2025, +56% YoY) | — | … | 75.9x |
| 451760KOSDAQ | 🇰🇷South Korea | ~₩290B (~$210M) | ₩38.9B (~$28M) FY2025 (+32.8% YoY) | Multi-year GSaaS contracts with global LEO operators; 12 ground stations across 10 countries | … | 7.5x |
| RTXNYSE | 🇺🇸United States | $238B | $88.6B | $268B ($107B defense, $161B commercial) | … | 2.7x |
| BANYSE | 🇺🇸United States | $187B | $89.5B | $521B total ($64B BDS) | … | 2.1x |
| 462350KOSDAQ | 🇰🇷South Korea | ~₩175B (~$125M) | Pre-revenue / minimal — no successful orbital flight yet; FY2025 sales primarily R&D grants and TLV test contracts | $5.8M MBS Germany 2-launch contract + Brazilian UFMA/CLC payloads + RSAT North American MOU | … | 86419753.1x |
| 186ATokyo Stock Exchange Growth Market | 🇯🇵Japan | ~¥120B (~$770M) | ¥4.7B (~$30M) FY2024; ¥18B (~$115M) forecast FY2025 | ¥34B+ (~$220M) — boosted by ELSA-M (¥2.3B) and ADRAS-J2 (¥12B) | … | 25.5x |
| LMTNYSE | 🇺🇸United States | $118.7B | $75.0B | $194B | … | 1.6x |
| NOCNYSE | 🇺🇸United States | $78.0B | $42.0B | $91.5B (FY2024 record; FY2025 backlog growing) | … | 1.9x |
| 9348Tokyo Stock Exchange Growth Market | 🇯🇵Japan | ~¥62B (~$400M) | First-ever data-business revenue recognized Q1 FY2026 from Mission 2; full-year FY2026 still de minimis | $22M Magna Petra (Helium-3, Mission 3) + Draper-led NASA CLPS payload allocation + multiple commercial payload customers across Mission 2/3/ULTRA | … | 62000000000.0x |
| LHXNYSE | 🇺🇸United States | $56B | $21.9B | $38.7B | … | 2.6x |
| ASTSNASDAQ | 🇺🇸United States | ~$22B | $70.9M | >$1.2B (contracted revenue commitments from telco partners) | … | 310.3x |
| KTOSNASDAQ | 🇺🇸United States | ~$13B | $1.347B (FY2025, +18.5% YoY) | ~$1.6B (FY2025 year-end estimate) | … | 9.7x |
| PLNYSE | 🇺🇸United States | ~$12.8B | $307.7M | >$900M backlog; $852M Remaining Performance Obligations (+106% YoY) | … | 41.6x |
| RKLBNASDAQ | 🇺🇸United States | ~$9.5B | $601.8M | $1.85B | … | 15.8x |
| MDAToronto (TSX) | 🇨🇦Canada | ~CAD $5.8B | CAD $1.63B | CAD $4.0B (year-end 2025); CAD $3.7B (Q1 2026 — after rapid revenue conversion) | … | 3.6x |
| FLYNASDAQ | 🇺🇸United States | ~$5.2B | $159.9M (FY2025, +163% YoY) | — | … | 32.5x |
| LUNRNASDAQ | 🇺🇸United States | ~$5.1B | $210.1M | ~$943M (combined, post-Lanteris acquisition) | … | 24.3x |
| OHBFrankfurt (Prime Standard / XETRA) | 🇩🇪Germany | ~€5.0B (May 2026, share price ~€278) | €1.03B (FY2024); 9M 2025 revenue €863.5M (+21% YoY); FY2025 guidance ~€1.2B | ~€3.1B firm order backlog (9M 2025, +47% YoY); order intake ~€2.1B in 2025 (+24%) | … | 4.9x |
| ETLEuronext Paris / London Stock Exchange (dual-listed) | 🇫🇷France | ~€3.5B (May 2026, ETL.PA ~€2.96) | FY2024-25 revenue €1.24B (+1.6% LfL); LEO/OneWeb +84% YoY to ~15% of group; Q1 FY2025-26 €592M | Multi-year backlog supported by government services and IRIS² (€10.6B 12-year EU concession over consortium) | … | 1729249.0x |
| IRDMNASDAQ | 🇺🇸United States | ~$3.0B | $846M (FY2025); Q4 2025 $212.9M | — | … | 3.5x |
| RDWNYSE | 🇺🇸United States | ~$1.7B | $335.4M | $411.2M (record) | … | 5.1x |
| VSATNASDAQ | 🇺🇸United States | ~$1.2B | $4.52B (FY2025 fiscal year ended March 31, 2025; +6% YoY) | $3.7B+ (Defense & Advanced Technologies + Communication Services awarded backlog) | … | 0.3x |
| VOYGNYSE | 🇺🇸United States | ~$1.2B | ~$280M (FY2024, government services segment) | — | … | 4.3x |
| BKSYNYSE | 🇺🇸United States | ~$650M | $106.6M (FY2025, company record) | $345M (year-end 2025, +32% YoY) | … | 6.1x |
| TSATNASDAQ / TSX | 🇨🇦Canada | ~US$300M (depressed equity reflecting GEO decline and Lightspeed transition risk) | CAD $418M (FY2025; -27% YoY from FY2024) | GEO contract backlog declining with broadcast non-renewals; Lightspeed forward bookings limited until commercial service starts in 2028 | … | 0.7x |
| ISITel Aviv Stock Exchange (TASE) | 🇮🇱Israel | ~US$225M (~NIS 815M) | ~US$60.8M (TTM as of December 31, 2025; revenue grew from ~$27M in 2018 to ~$58M in 2024) | Multi-year EROS contracts — including $42M two-year agreement (May 2025), $37.5M five-year agreement (Q1 2024, with five-year extension option for additional $37.5M), and $9.1M Asian defense customer (November 2025) | … | 3.7x |
| SPCENYSE | 🇺🇸United States | ~$120M | ~$2M FY2025 (access fees only — no commercial flight revenue) | — | … | 60.0x |
Click column headers to sort. Live prices loading…
Your Space Watchlist
Market Size
$546B
Global (2025) — Space Foundation
By 2035
$1.8T
WEF / McKinsey est.
Growth
~9%
CAGR 2025–2035
Companies
64
28 public + 36 private
Data anchored to 2025 reports — Space Foundation, Novaspace (Euroconsult), WEF/McKinsey, U.S. Space Force FY2026, NASA OIG. Last reviewed: May 2026.
Revenue breakdown — 2025
$546B total (6 segments)
Sources: SIA · Novaspace · Bryce Tech
29%
31%
21%
12%
Ground Equipment $160B · 29%
Starlink, Kuiper, and direct-to-cell terminal shipments. 6% CAGR
Government Space (Civil + Defense + Intelligence) $170B · 31%
U.S. Space Force buildout, Golden Dome procurement, allied resilience constellations. 7% CAGR
Satellite Services $115B · 21%
Starlink (~7M subs at year-end 2025) and rival megaconstellations; direct-to-cell rollout. 9% CAGR
Emerging Commercial $63B · 12%
Polaris-class missions, Axiom / Vast station segments, on-orbit servicing demos, lunar CLPS economy. 17% CAGR
Satellite Manufacturing $28B · 5%
Mega-constellation production runs (Starlink V3, Kuiper, Guowang, SDA Tranche 3). 5% CAGR
Launch Services (Commercial) $10B · 2%
Constellation deployment demand; Vulcan and New Glenn ramping into NSSL Phase 2. 8% CAGR
Segments reconcile to the 2025 Space Foundation total ($546B). Proportions indexed forward from SIA State of the Satellite Industry Report 2024 (calendar 2023) using Novaspace segment-growth indices.
Global Space Directory
Space companies organized by region — click any company for a full profile
🌎
North America
22companies • 17 public + 5 private
Public Companies
AST
🇺🇸
AST SpaceMobile
ASTSNASDAQ
Direct-to-Cell Satellite
$70.9M (100% space-derived; FY2025 — first meaningful revenue year)
BS
🇺🇸
BlackSky Technology
BKSYNYSE
Geospatial Intelligence
100% space-derived ($106.6M FY2025); 2026 guidance $120M–$145M
BA
🇺🇸
Boeing
BANYSE
Aerospace & Human Spaceflight
$19.8B (BDS segment FY2025)
FF
🇺🇸
Firefly Aerospace
FLYNASDAQ
Launch & Lunar Landers
IM
🇺🇸
Intuitive Machines
LUNRNASDAQ
Lunar Landing
$210.1M (100% space-derived; FY2025)
IR
🇺🇸
Iridium Communications
IRDMNASDAQ
Satellite Communications
100% space-derived; service revenue ~$616M of FY2025 total; FY2026 guide +2-3% service revenue, $490-505M OEBITDA
KR
🇺🇸
Kratos Defense
KTOSNASDAQ
Ground Systems
Space, Satellite & Cyber segment ~$425M (~32% of $1.347B FY2025); growing with OpenSpace and SDA programs
L3H
🇺🇸
L3Harris Technologies
LHXNYSE
Defense Sensors
$6.9B (Space & Airborne Systems segment FY2025)
LM
🇺🇸
Lockheed Martin
LMTNYSE
Defense & Space Systems
$13.0B
MDA
🇨🇦
MDA Space
MDAToronto (TSX)
Space Robotics
CAD $1.63B (100% space-derived; FY2025 ended December 31, 2025; +51% YoY)
NG
🇺🇸
Northrop Grumman
NOCNYSE
Defense & Space Infrastructure
$10.8B
P
🇺🇸
Palantir Technologies
PLTRNASDAQ
Space AI & Analytics
Space-derived revenue is a subset of U.S. government segment (~$1.9B FY2025) — primarily Space Force AIP, Maven Smart System satellite imagery, and Golden Dome / NRO awards. Not separately disclosed; estimated $250-400M annual run rate
PL
🇺🇸
Planet Labs
PLNYSE
Earth Observation
$307.7M (100% space-derived; FY2026 = fiscal year ended January 31, 2026)
RL
🇺🇸
Rocket Lab
RKLBNASDAQ
Launch & Space Systems
$601.8M (100% space-derived; FY2025)
TS
🇨🇦
Telesat
TSATNASDAQ / TSX
Satellite Comms
CAD $418M (FY2025; 100% space-derived — entirely from GEO satellite services in transition)
VS
🇺🇸
Viasat Inc
VSATNASDAQ
Satellite Broadband
Communication Services ~$3.30B + Defense & Advanced Technologies ~$1.22B = ~$4.5B fully space-derived in FY2025
VG
🇺🇸
Virgin Galactic
SPCENYSE
Space Tourism
100% of revenue is space-derived (suborbital ticket access fees); commercial flight revenue targeted to begin Q4 2026
Private Companies
AX
🇺🇸
Axiom Space
United States • Est. 2016
Commercial Space Stations
~$2.5B+ (PitchBook estimate post-Feb 2026 round)
BO
🇺🇸
Blue Origin
United States • Est. 2000
Launch & Lunar Landers
$50B–$100B (industry estimates; no external funding)
RS
🇺🇸
Relativity Space
United States • Est. 2015
3D-Printed Rockets
~$4.2B (post Series-E, 2023)
SS
🇺🇸
Sierra Space
United States • Est. 2021
Space Planes & Habitats
$8B (post-money, Series C March 2026)
SX
🇺🇸
SpaceX
United States • Est. 2002
Launch & Satellite Internet
$800B
🌏
Asia
10companies • 2 public + 8 private
Public Companies
AS
🇯🇵
Astroscale
186ATokyo Stock Exchange Growth Market
Debris Removal
100% space-related — debris removal demonstrations, ESA/JAXA contracts, in-orbit servicing R&D
iS
🇯🇵
ispace Inc
9348Tokyo Stock Exchange Growth Market
Lunar Landers
100% space-related — pre-commercial; ~$300M cumulative funding deployed against payload-delivery and data services
Private Companies
AG
🇮🇳
Agnikul Cosmos
India • Est. 2017
3D-Printed Rockets
$500M+ (Series C extension, post-money)
DB
🇨🇳
Deep Blue Aerospace
China • Est. 2016
Reusable Launch
Not publicly disclosed; Series B-IV implied valuation roughly CNY 5–6B (~$700–850M)
GE
🇨🇳
Galactic Energy
China • Est. 2018
Small Launch
~CNY 15B (~$2.1B) implied by Series D round (Sep 2025); pre-IPO counseling in progress
LS
🇨🇳
LandSpace
China • Est. 2015
Launch (Methane Rockets)
~CNY 30B (~$4.1B) implied by July 2025 STAR Market IPO filing seeking CNY 7.5B raise
PX
🇮🇳
Pixxel
India • Est. 2019
Hyperspectral EO
~$210M (Series B post-money, pre-2026 extension)
SK
🇮🇳
Skyroot Aerospace
India • Est. 2018
Private Launch (India)
$1.1B (Series D unicorn round, post-money)
SP
🇨🇳
Space Pioneer
China • Est. 2019
Medium-Lift Reusable
Implied ~CNY 25B+ (~$3.5B) post-money following combined Pre-D + D rounds (Oct 2025); IPO counseling rumored
SIL
🇮🇱
SpaceIL
Israel • Est. 2011
Lunar Exploration
Nonprofit organization; not for profit (Israeli public benefit company / 501(c)(3)-equivalent)
🌍
Europe
4companies • 1 public + 3 private
Private Companies
Browse by Sector
Launch Services
13 companies
Satellite Communications
6 companies
Earth Observation
3 companies
Defense & Intelligence
4 companies
Human Spaceflight
3 companies
Commercial Space Stations
2 companies
Lunar Exploration
5 companies
In-Orbit Services & Manufacturing
2 companies
Satellite Manufacturing
3 companies
Propulsion & Engines
3 companies
Space Science & Telescopes
0 companies
Space AI & Analytics
1 company
Government Space Spending
Top 5 spacefaring nations — total space budget
FY2025 vs FY2024
| Country | FY2025 Budget | YoY Δ |
|---|---|---|
| 🇺🇸United States | $81B | +1.6% |
| 🇨🇳China | $21B | +6.1% |
| 🇯🇵Japan | $6B | +8.9% |
| 🇫🇷France | $5B | +4.5% |
| 🇮🇳India | $2B | — |
Government space agencies & programs
15 entries · sortable
| 🇺🇸US Space Force | $26.3B requested FY2026 (+40% with reconciliation) |
| 🇺🇸NASA | $25.4B (FY2025 enacted) |
| 🇺🇸NRO | Classified (~$20B+ estimated) |
| 🇨🇳CNSA (China) | ~$14B estimated (2025) |
| 🇪🇺ESA | €7.8B (2025) |
| 🇺🇸Space Development Agency | $4.6B (FY2026 baseline + reconciliation) |
| 🇷🇺Roscosmos (Russia) | ~$3.5B estimated |
| 🇯🇵JAXA (Japan) | ~$3.2B (FY2025) |
| 🇫🇷CNES (France) | ~$3.1B (2025) |
| 🇩🇪DLR (Germany) | ~$2.4B (2025) |
| 🇮🇳ISRO (India) | ~$1.9B (FY2025) |
| 🇬🇧UKSA (UK) | ~$800M (2025) |
| 🇰🇷KARI/KASA (South Korea) | ~$700M (2025) |
| 🇺🇸DARPA (space) | ~$500M estimated |
| 🇦🇺ASA (Australia) | ~$350M (2025) |
Key Industry Trends
Launch cost deflation — Falcon 9 reusability drove $/kg to LEO from $54,500 (Shuttle) to ~$2,720
Mega-constellation buildout — Starlink (10,000+ sats), Amazon Kuiper (launching 2025–26), OneWeb
Proliferated military space — SDA's PWSA constellation replacing exquisite GEO assets with LEO mesh
Commercial lunar economy — NASA CLPS creating private lander industry (Intuitive Machines, Firefly)
Direct-to-cell satellite broadband — AST SpaceMobile, T-Mobile/SpaceX partnership
In-orbit servicing & manufacturing — Redwire, Varda Space, Astroscale
Space tourism maturation — Virgin Galactic Delta class, Blue Origin, SpaceX Polaris/Inspiration
Forward catalysts & expected dates
- 2026-04$7.8B FY2026
Artemis II — first crewed flight beyond LEO since 1972
Validates SLS/Orion for human spaceflight, anchors NASA's Moon-to-Mars architecture, and underwrites the multi-year Artemis appropriations track.
- 2026-H2
Starship operational payload deployments
First paid Starship customer payloads — Starlink V3 megasats and potential national-security demos. Unlocks SpaceX's $/kg cost curve at scale.
- 2026-2027$400B+ valuation
SpaceX IPO speculation
Starlink spin-out IPO or full SpaceX listing could unlock a $400B+ valuation print, re-rating every comparable space ticker.
- 2025-12$3.5B
SDA Tranche 3 contracts ($3.5B) awarded
Tracking + Transport Layer satellites for missile warning and tactical comms. Multi-year revenue visibility for the prime contractors.
- 2026-2030$415M+ NASA awards to date
Commercial LEO Destinations ramp
ISS retirement (~2030) forces NASA to underwrite commercial successors. Axiom, Vast, Voyager Starlab, and Orbital Reef are racing for the first segment-launch contracts.
- 2026-Q4
Blue Origin New Glenn cadence ramp
First operational year of paid commercial cadence — Kuiper batches, lunar cargo, and national-security manifests. Establishes a second viable heavy-lift provider.
Private investment — last 6 quarters
$16.2B TTM (2025-Q2 → 2026-Q1) · 323 rounds
Source: Space Capital SIQ
2024-Q4
$2.9B
2025-Q1
$4.2B
2025-Q2
$3.4B
2025-Q3
$3.8B
2025-Q4
$4.9B
2026-Q1
$4.1B
Top rounds — 2026-Q1
- SpaceXTender · led by secondary$1.5B
- Vast SpaceSeries C · led by Jed McCaleb$260M
- True AnomalySeries C · led by Riot Ventures$200M
Quantified risks & exposure
Orbital debris / Kessler syndrome
High36,000+ tracked objects > 10cm; 1M+ untracked > 1cm
Megaconstellation buildout accelerates collision risk; a single Kessler-cascade event could render LEO uneconomic for decades.
SpaceX dominance — pricing pressure
High~88% of US mass-to-orbit (2024, Bryce Tech)
Falcon 9 cadence sets the market clearing price for medium-lift; competitors must subsidize launch costs out of equity or higher-margin services.
Government budget sequestration
MediumNASA $25.4B + Space Force $26.3B = ~28% of global space spending
Artemis, SDA Tranche 3, and Commercial LEO funding depend on annual congressional appropriations. A continuing resolution slows contract starts.
FAA / regulatory bottleneck
Medium~12 month average Starship launch-license iteration since 2023
Mishap reports, environmental reviews, and operational-area expansion all gate launch cadence. Multi-quarter slippage compounds across the manifest.
Most exposed:RKLBGeopolitical — China rapid expansion + ITAR friction
MediumChina launches 70+/year; Guowang + Qianfan targeting 13,000+ sats long-term
Bifurcation of the launch + constellation market. ITAR restricts allied space-industrial integration with non-Five-Eyes partners.
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