
13 companies in this sector
The backbone of the space economy — launch service providers build and operate rockets to deliver satellites, cargo, and crew to orbit. Driven by reusability innovations from SpaceX and a wave of new entrants across the US, Europe, China, India, and Japan, launch costs have plummeted from $54,500/kg to under $3,000/kg to LEO.
Global Launches (2025)
250+
Record year
Cost to LEO
~$2,720/kg
Falcon 9 reusable
SpaceX Market Share
~85%
US launches
Companies Tracked
13
2 public + 11 private
United States • Est. 2002
Launch & Satellite Internet
$800B
United States • Est. 2000
Launch & Lunar Landers
$50B–$100B (industry estimates; no external funding)
United States • Est. 2015
3D-Printed Rockets
~$4.2B (post Series-E, 2023)
Germany • Est. 2018
European Micro-Launch
Over €1B (unicorn status confirmed July 2025 following Eldridge €150M convertible bond)
Spain • Est. 2011
European Launch
Undisclosed (post-money post €180M Series C, Mar 2026)
India • Est. 2018
Private Launch (India)
$1.1B (Series D unicorn round, post-money)
India • Est. 2017
3D-Printed Rockets
$500M+ (Series C extension, post-money)
China • Est. 2015
Launch (Methane Rockets)
~CNY 30B (~$4.1B) implied by July 2025 STAR Market IPO filing seeking CNY 7.5B raise
China • Est. 2018
Small Launch
~CNY 15B (~$2.1B) implied by Series D round (Sep 2025); pre-IPO counseling in progress
China • Est. 2019
Medium-Lift Reusable
Implied ~CNY 25B+ (~$3.5B) post-money following combined Pre-D + D rounds (Oct 2025); IPO counseling rumored
China • Est. 2016
Reusable Launch
Not publicly disclosed; Series B-IV implied valuation roughly CNY 5–6B (~$700–850M)
ESA / ArianeGroup
CNSA / CASC
JAXA / Mitsubishi Heavy Industries
SpaceX
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
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