What are the most valued startups in the space economy?

Last updated: 13 July 2026

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The space economy now includes launch providers, satellite manufacturers, connectivity networks, Earth-observation platforms and in-orbit infrastructure companies.

This ranking brings together the most valuable space economy startups using their latest reported public market capitalizations, private valuations, acquisition prices and carefully constructed estimates.

We update this list every month to reflect new funding rounds, market movements, acquisitions and valuation disclosures.

And if you want to better understand this new industry, you can download our pitch covering the space economy.

A quick summary table

Metric Value
Most valuable space economy startup SpaceX, $1.95T
Second most valuable space economy startup Blue Origin, $130B–$140B
Median space startup valuation Approximately $575M
Share of space economy valuation captured by the top 10 Approximately 97%
Top space startup valuation vs. median Approximately 3,390 times higher
Median space startup valuation-to-capital-raised ratio Approximately 3.9 times
Space startups valued at $1B+ 33
Market map chart showing top companies and startups in the space economy

This market map, featured in our space economy deck, highlights top companies and startups in the space economy

Top startups in the space economy ranked by valuation

Here is an updated table that ranks the top startups in the space economy based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the space economy.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 SpaceX Reusable rockets and Starlink $1.95T Full Confidence Public Market Cap Observed $9.7B Partial Confidence
2 Blue Origin Rockets and space systems $130.0B–$140.0B Strong Confidence Active Raise Valuation Observed $7.5B Low Confidence
3 Rocket Lab Launch and space systems $50.5B Full Confidence Public Market Cap Observed $489M Strong Confidence
4 AST SpaceMobile Direct-to-phone satellite broadband $21.5B Full Confidence Public Market Cap Observed $561M Partial Confidence
5 ICEYE SAR intelligence satellite constellation $12.0B Full Confidence Announced Private Round Valuation Observed $1.1B Strong Confidence
6 LandSpace Methane orbital launch vehicles $9.0B–$11.0B Partial Confidence IPO or Listing Range Valuation Estimated $462M Partial Confidence
7 Planet Labs Daily Earth imagery $9.4B Full Confidence Public Market Cap Observed $974M Strong Confidence
8 Sierra Space Spaceplanes and space stations $7.5B–$8.5B Strong Confidence Announced Private Round Valuation Observed $1.7B Strong Confidence
9 iSpace Reusable Chinese launch vehicles $4.9B–$9.1B Partial Confidence Implied Valuation from Raise Implied $1.2B Partial Confidence
10 Impulse Space In-space mobility vehicles $4.0B–$4.5B Strong Confidence Announced Private Round Valuation Observed $1.0B Full Confidence
11 Firefly Aerospace Launch and lunar vehicles $4.1B Full Confidence Public Market Cap Observed $1.1B Partial Confidence
12 OneWeb LEO broadband satellite network $3.4B Strong Confidence Acquisition Value Observed $5.7B Strong Confidence
13 Galactic Energy Ceres and Pallas launch vehicles $2.2B–$4.2B Partial Confidence Implied Valuation from Raise Implied $742M Strong Confidence
14 Relativity Space 3D-printed reusable rockets $2.5B–$3.5B Partial Confidence Comparables-Based Estimate Estimated $1.3B Strong Confidence
15 K2 Space Large high-power satellite buses $3.0B Full Confidence Announced Private Round Valuation Observed $426M Strong Confidence
16 Isar Aerospace European small launch vehicles $2.1B–$3.5B Partial Confidence Implied Valuation from Raise Implied $730M Strong Confidence
17 Astranis MicroGEO broadband satellites $2.8B Strong Confidence Announced Private Round Valuation Observed $808M Strong Confidence
18 York Space Systems Defense satellite manufacturing $2.7B Full Confidence Public Market Cap Observed $629M Partial Confidence
19 CesiumAstro Space communications systems $1.8B–$3.4B Strong Confidence Implied Valuation from Raise Implied $422M Full Confidence
20 Apex Space Configurable satellite bus manufacturing $2.3B Full Confidence Announced Private Round Valuation Observed $519M Strong Confidence
21 Voyager Space Space infrastructure and defense $2.0B Full Confidence Public Market Cap Observed $2.0B Strong Confidence
22 Vast Commercial space stations $1.7B–$2.2B Partial Confidence Active Raise Valuation Observed $370M Partial Confidence
23 PLD Space Spanish reusable launch vehicles $1.3B–$2.2B Partial Confidence Implied Valuation from Raise Implied $279M Partial Confidence
24 Axiom Space Private space station $1.4B–$2.0B Partial Confidence Comparables-Based Estimate Estimated $580M Strong Confidence
25 Varda Space Industries In-space pharmaceutical manufacturing $1.3B–$1.8B Strong Confidence Implied Valuation from Raise Implied $328M Full Confidence
26 ABL Space Systems Responsive launch and missiles $1.0B–$1.8B Low Confidence Comparables-Based Estimate Estimated $419M Strong Confidence
27 Loft Orbital Satellite infrastructure as a service $1.1B–$1.5B Strong Confidence Announced Private Round Valuation Estimated $316M Strong Confidence
28 Interstellar Technologies Japanese small-launch infrastructure $900M–$1.6B Partial Confidence Implied Valuation from Raise Implied $213M Partial Confidence
29 Skyroot Aerospace Indian private launch vehicles $1.1B–$1.2B Strong Confidence Announced Private Round Valuation Observed $158M Strong Confidence
30 Stoke Space Fully reusable rockets $800M–$1.3B Partial Confidence Implied Valuation from Raise Implied $320M Partial Confidence
31 Astroscale Orbital servicing and debris removal $1.0B Full Confidence Public Market Cap Observed $611M Strong Confidence
32 Synspective SAR Earth observation satellites $1.0B Full Confidence Public Market Cap Observed $287M Strong Confidence
33 Tomorrow.io AI-powered weather intelligence $1.0B Full Confidence Announced Private Round Valuation Observed $430M Strong Confidence
34 BlackSky Real-time geospatial intelligence $948M Full Confidence Public Market Cap Observed $379M Partial Confidence
35 ADA Space AI satellite computing constellation $700M–$1.1B Partial Confidence IPO or Listing Range Valuation Estimated $756M Partial Confidence
36 Starfish Space Autonomous satellite servicing $700M–$1.0B Strong Confidence Implied Valuation from Raise Implied $167M Strong Confidence
37 EnduroSat Modular small-satellite manufacturing $690M–$1.0B Strong Confidence Implied Valuation from Raise Implied $167M Partial Confidence
38 Lynk Global Direct-to-phone satellite network $570M–$1.1B Partial Confidence Implied Valuation from Raise Implied $95M Partial Confidence
39 Muon Space Mission-tailored satellite constellations $650M–$1.0B Partial Confidence Implied Valuation from Raise Implied $136M Full Confidence
40 Deep Blue Aerospace Reusable liquid-fueled rockets $700M–$850M Partial Confidence Implied Valuation from Raise Implied $102M Partial Confidence
41 Unseenlabs Maritime radio-frequency surveillance $610M–$850M Partial Confidence Implied Valuation from Raise Implied $125M Strong Confidence
42 LeoLabs Space-object tracking radar network $430M–$1.0B Partial Confidence Comparables-Based Estimate Estimated $111M Strong Confidence
43 Skylo Direct-to-device satellite connectivity $550M–$850M Partial Confidence Comparables-Based Estimate Estimated $183M Full Confidence
44 Gilmour Space Technologies Australian launch and satellites $660M–$720M Strong Confidence Announced Private Round Valuation Observed $244M Full Confidence
45 Satellogic Earth observation satellite imagery $650M Full Confidence Public Market Cap Observed $337M Partial Confidence
46 Xona Space Systems Resilient LEO navigation services $500M–$750M Partial Confidence Implied Valuation from Raise Implied $117M Partial Confidence
47 Fleet Space Technologies Satellite mineral exploration platform $525M–$700M Strong Confidence Announced Private Round Valuation Estimated $167M Full Confidence
48 iQPS Small SAR satellite constellation $600M Full Confidence Public Market Cap Observed $187M Partial Confidence
49 Kepler Communications In-space optical data relay $450M–$700M Partial Confidence Comparables-Based Estimate Estimated $173M Partial Confidence
50 Pixxel Hyperspectral Earth imaging $450M–$700M Partial Confidence Comparables-Based Estimate Estimated $92M Strong Confidence
51 D-Orbit Orbital logistics and computing $450M–$650M Strong Confidence Revenue or ARR Multiple Estimate Estimated $236M Partial Confidence
52 Spire Global Space-based data analytics $534M Full Confidence Public Market Cap Observed $554M Partial Confidence
53 Agnikul Cosmos 3D-printed small launch vehicles $480M–$520M Strong Confidence Announced Private Round Valuation Observed $58M Partial Confidence
54 Rivada Space Networks Secure enterprise satellite network $300M–$700M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
55 Terran Orbital Modular defense satellite manufacturing $450M Strong Confidence Acquisition Value Observed $431M Partial Confidence
56 Exolaunch Satellite deployment and mission management $300M–$500M Partial Confidence Acquisition Value Estimated Not provided Low Confidence
57 Sateliot Satellite 5G IoT connectivity $280M–$450M Partial Confidence Comparables-Based Estimate Estimated $58M Partial Confidence
58 ALL.SPACE Multi-orbit satellite terminals $355M Strong Confidence Acquisition Value Observed $141M Partial Confidence
59 ReOrbit Sovereign software-defined satellites $265M–$440M Strong Confidence Implied Valuation from Raise Implied $60M Full Confidence
60 OQ Technology Satellite 5G IoT connectivity $230M–$440M Partial Confidence Implied Valuation from Raise Implied $50M Strong Confidence
61 Umbra High-resolution SAR satellite imagery $260M–$400M Low Confidence Comparables-Based Estimate Estimated $32M Strong Confidence
62 Albedo Very-low-orbit satellite imagery $285M–$350M Partial Confidence Active Raise Valuation Estimated $97M Strong Confidence
63 Open Cosmos Satellite missions and data services $250M–$380M Strong Confidence Revenue or ARR Multiple Estimate Estimated $63M Partial Confidence
64 Capella Space SAR Earth observation $311M Strong Confidence Acquisition Value Observed $234M Strong Confidence
65 SpinLaunch Kinetic launch and satellites $200M–$375M Partial Confidence Implied Valuation from Raise Implied $175M Partial Confidence
66 E-Space Secure satellite mesh network $200M–$350M Low Confidence Comparables-Based Estimate Estimated $50M Strong Confidence
67 SATLANTIS Optical Earth-observation satellite payloads $220M–$320M Strong Confidence Revenue or ARR Multiple Estimate Estimated $3M Low Confidence
68 Myriota Satellite IoT connectivity $200M–$280M Partial Confidence Implied Valuation from Raise Implied $68M Strong Confidence
69 GHGSat Greenhouse-gas monitoring satellites $180M–$300M Partial Confidence Revenue or ARR Multiple Estimate Estimated $134M Partial Confidence
70 Exotrail Propulsion and orbital mobility $190M–$280M Partial Confidence Revenue or ARR Multiple Estimate Estimated $75M Strong Confidence
71 Axelspace Microsatellites and Earth imagery $227M Full Confidence Public Market Cap Observed $107M Strong Confidence
72 Spaceflight Rideshare launch mission services $150M–$300M Low Confidence Acquisition Value Estimated $236M Partial Confidence
73 NorthStar Earth & Space Space-based orbital monitoring $170M–$270M Partial Confidence Comparables-Based Estimate Estimated $50M Partial Confidence
74 Rocket Factory Augsburg RFA One microlauncher $170M–$250M Partial Confidence Comparables-Based Estimate Estimated $3M Low Confidence
75 Latitude French smallsat launch vehicles $150M–$250M Partial Confidence Implied Valuation from Raise Implied $40M Strong Confidence
76 Space Forge Manufactures advanced materials in orbit $150M–$250M Partial Confidence Implied Valuation from Raise Implied $40M Strong Confidence
77 Dawn Aerospace Spaceplanes and satellite propulsion $195M Full Confidence Announced Private Round Valuation Observed $47M Strong Confidence
78 Slingshot Aerospace Space traffic intelligence software $170M–$220M Partial Confidence Comparables-Based Estimate Estimated $77M Strong Confidence
79 Orbit Fab In-orbit satellite refueling $135M–$250M Partial Confidence Implied Valuation from Raise Implied $63M Partial Confidence
80 Omnispace Hybrid satellite 5G $140M–$240M Low Confidence Comparables-Based Estimate Estimated $107M Partial Confidence
81 OroraTech Satellite wildfire monitoring intelligence $150M–$220M Partial Confidence Revenue or ARR Multiple Estimate Estimated $63M Strong Confidence
82 Antaris AI satellite mission software $140M–$230M Partial Confidence Implied Valuation from Raise Implied $38M Partial Confidence
83 Privateer Space and Earth data platform $145M–$210M Partial Confidence Announced Private Round Valuation Implied $57M Partial Confidence
84 HawkEye 360 RF geospatial intelligence satellites $168M Full Confidence Public Market Cap Observed $543M Partial Confidence
85 Mynaric Laser satellite communications terminals $155M Strong Confidence Acquisition Value Observed $108M Partial Confidence
86 ClearSpace Space-debris removal services $110M–$180M Partial Confidence Implied Valuation from Raise Implied $33M Partial Confidence
87 Mangata Networks Satellite edge connectivity network $100M–$180M Low Confidence Proxy-Based Estimate Estimated $33M Partial Confidence
88 Gravitics Commercial space station modules $100M–$160M Low Confidence Comparables-Based Estimate Estimated $20M Full Confidence
89 HyImpulse Hybrid-propulsion launch vehicles $90M–$150M Partial Confidence Implied Valuation from Raise Implied $23M Partial Confidence
90 Orbital Sidekick Hyperspectral infrastructure monitoring $80M–$130M Low Confidence Proxy-Based Estimate Estimated $48M Partial Confidence
91 Phantom Space Launch and satellite systems $70M–$125M Low Confidence Comparables-Based Estimate Estimated $37M Partial Confidence
92 SatSure Satellite analytics for commercial risk $92M–$100M Strong Confidence Announced Private Round Valuation Observed $22M Partial Confidence
93 Skyrora UK eco-fuel launch vehicles $50M–$120M Low Confidence Proxy-Based Estimate Estimated $41M Low Confidence
94 NanoAvionics Small-satellite buses and integration $67M Strong Confidence Acquisition Value Observed $5M Low Confidence
95 TrustPoint Commercial resilient navigation satellites $20M–$35M Low Confidence Proxy-Based Estimate Estimated $2M Full Confidence
96 Momentus Space transportation services $27M Full Confidence Public Market Cap Observed $342M Partial Confidence
97 Aevum Autonomous air-launch systems $8M–$25M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
98 Astra Launch and spacecraft engines $11M Strong Confidence Acquisition Value Observed $637M Partial Confidence
99 Orbex UK microlaunch vehicles $2M–$10M Low Confidence Proxy-Based Estimate Estimated $121M Partial Confidence
Chart comparing the 2026 size of the space economy with other markets of similar size

This chart, featured in our space economy deck, compares the 2026 size of the space economy with other markets of similar size

Key valuation trends in the space economy

Insights

  • SpaceX alone represents about 86% of the total midpoint valuation in this ranking, which shows how strongly the space economy is concentrated around one integrated launch and satellite platform.
  • The top 10 space economy companies capture approximately 97% of total valuation, while the median company is worth about $575M. Scale, public-market liquidity and infrastructure ownership create a very steep valuation curve.
  • Rocket Lab’s $50.5B valuation is greater than the combined value of ICEYE, Planet Labs and Sierra Space, suggesting investors place a major premium on diversified exposure across launch, spacecraft and defense systems.
  • ICEYE and Planet Labs carry a combined valuation of about $21.4B after raising roughly $2.1B, showing how scaled Earth-observation businesses can produce substantial value once data products reach commercial and government customers.
  • OneWeb raised approximately $5.7B but was valued at $3.4B in its combination. The comparison highlights how large satellite networks can consume more capital than the equity value ultimately retained.
  • K2 Space, Astranis, CesiumAstro and Apex Space have a combined midpoint valuation above $10B. Satellite buses and communications hardware are becoming premium space economy categories, not secondary suppliers to launch companies.
  • Impulse Space and Varda Space Industries have a combined midpoint valuation near $5.8B on approximately $1.3B raised, reflecting strong interest in in-space transportation, manufacturing and mission infrastructure.
  • Skyroot Aerospace reached a valuation near $1.2B after raising only $158M. This gives Skyroot one of the strongest valuation-to-funding ratios among the better-documented private launch companies.
  • Fleet Space Technologies is valued near $613M at the midpoint after raising $167M. Connecting satellite infrastructure with mineral exploration appears to support stronger economics than a connectivity-only satellite IoT model.
  • Capella Space’s $311M acquisition value was only about 33% above its reported funding. The outcome suggests strategic acquirers remain price-sensitive when buying capital-intensive Earth-observation constellations.
Chart showing why SpaceX is leading in the space economy

This chart, featured in our space economy deck, shows why SpaceX is leading in the space economy

A few word about our methodology

As you can see, we built a database that ranks startups in the space economy based on their current valuation.

Estimating space startup valuations is not always straightforward. Many private launch companies, satellite operators and space infrastructure businesses do not publicly disclose their valuation.

The available evidence can also vary widely depending on the company, its country, its funding stage and whether it is privately held, publicly listed or acquired.

To build this space economy ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed space companies and official acquisition prices.

When a space company is publicly listed, we use its current market capitalization as the reference valuation.

Public market values can change quickly. Market capitalization should therefore be viewed as a current snapshot rather than a permanent measure of company value.

If a space company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a space startup recently raised capital but did not disclose its valuation, we estimate the implied valuation using typical dilution levels for that funding stage.

We adjust those dilution assumptions when the available evidence indicates unusual capital requirements, strategic investor participation or government-backed financing.

In some cases, we estimate valuations using operating metrics such as revenue, backlog, annual recurring revenue, launch cadence, deployed satellites or contracted missions.

We combine those operating metrics with valuation multiples from comparable companies in the same part of the space economy.

A launch provider is generally compared with other launch and spacecraft businesses. An Earth-observation company is generally compared with other satellite data and geospatial intelligence companies.

Satellite manufacturers, direct-to-device networks, orbital servicing companies and space station developers are also assessed using category-specific comparisons.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, government contracts, customer traction, technical milestones or deployed infrastructure.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by public filings, acquisition prices, operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older space economy valuations are treated cautiously and adjusted conservatively when necessary.

This is particularly important in the space economy because launch delays, technical failures, capital requirements, regulatory decisions and public market movements can quickly affect company value.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts, implied valuations and reasonable estimates.

Because space startup valuation data is not always fully public, each company in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

For valuation ranges, we generally use the midpoint when calculating market totals, median valuations and valuation-to-funding ratios.

Funding totals refer to the cumulative capital identified from available financing disclosures. Funding figures may include equity funding and, in some cases, other reported financing sources.

Funding totals should not automatically be interpreted as the amount of capital currently held by a company. Space companies often use significant amounts of funding for research, manufacturing, launch infrastructure, satellite deployment and operations.

This reflects how we conduct all our research, including the work behind our report covering the space economy.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing the projected CAGR of the space economy

This chart, featured in our space economy deck, illustrates yearly funding for space economy startups

Related blog posts

- The latest news shaping the space economy

- The most recent funding news in the space economy

- What is new in the space economy right now?

- The evolution of funding activity in the space economy

- The main fundraising trends in the space economy

- How large is the space economy today?

- The full range of business models in the space economy

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