What are the most valued startups in the space economy?

Last updated: 9 June 2026

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The space economy is becoming one of the most important technology markets, with startups building rockets, satellites, space stations, Earth-observation systems, orbital services and new connectivity networks.

This ranking is a constantly refreshed list of the top startups in the space economy, ranked by valuation, and we update it every month.

The list includes public companies, private startups, acquired companies and estimated private-market leaders, so the valuation evidence can vary from company to company.

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, $1.5T–$2.0T
Second most valuable space economy startup Rocket Lab, $68.8B
Median space economy startup valuation About $600M
Share of total space economy valuation captured by the top 10 About 95%
Top space economy startup valuation vs. median About 2,900x
Median valuation-to-capital-raised ratio in the space economy About 4x
Space economy startups valued at $1B+ 37 based on midpoint valuation
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 $1.5T–$2.0T Partial Confidence IPO or Listing Range Valuation Estimated $12.0B Partial Confidence
2 Rocket Lab Launch and space systems $68.8B Full Confidence Public Market Cap Observed $1.1B Strong Confidence
3 Blue Origin Reusable rockets and lunar systems $25B–$35B Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
4 AST SpaceMobile Satellite-to-phone broadband network $26.8B Full Confidence Public Market Cap Observed $844M Strong Confidence
5 Planet Labs Daily Earth imagery analytics $11.3B Full Confidence Public Market Cap Observed $586M Strong Confidence
6 Stoke Space Fully reusable launch vehicles $6B–$11B Partial Confidence Implied Valuation from Raise Implied $1.3B Strong Confidence
7 Sierra Space Spaceplanes and orbital infrastructure $8.0B Strong Confidence Announced Private Round Valuation Observed $2.2B Strong Confidence
8 iSpace Reusable Chinese launch rockets $4.9B–$7.3B Partial Confidence Implied Valuation from Raise Implied $1.1B Partial Confidence
9 Firefly Aerospace Launchers, landers, spacecraft $5.8B Full Confidence Public Market Cap Observed $1.5B Partial Confidence
10 Impulse Space In-space mobility vehicles $4.3B Strong Confidence Announced Private Round Valuation Observed $1.0B Full Confidence
11 OneWeb LEO broadband constellation $3.4B Strong Confidence Acquisition Value Observed $6.2B Partial Confidence
12 York Space Systems Defense smallsat manufacturing $3.4B Full Confidence Public Market Cap Observed $630M Low Confidence
13 K2 Space Large satellite platforms $3.0B Full Confidence Announced Private Round Valuation Observed $426M Full Confidence
14 Relativity Space 3D-printed launch vehicles $2.5B–$3.5B Partial Confidence Comparables-Based Estimate Estimated $1.3B Strong Confidence
15 ICEYE SAR Earth observation satellites $2.6B–$3.1B Strong Confidence Announced Private Round Valuation Estimated $593M Partial Confidence
16 LandSpace Methane reusable launch vehicles $2.3B–$3.3B Partial Confidence IPO or Listing Range Valuation Estimated $570M Partial Confidence
17 CesiumAstro Space communications hardware $1.8B–$3.4B Partial Confidence Implied Valuation from Raise Implied $426M Strong Confidence
18 Voyager Space Space and defense technology $2.5B Full Confidence Public Market Cap Observed $520M Partial Confidence
19 Axiom Space Commercial space station builder $2.0B–$3.0B Partial Confidence Implied Valuation from Raise Estimated $1.0B Partial Confidence
20 HawkEye 360 Space RF geolocation intelligence $2.4B Full Confidence Public Market Cap Observed $948M Partial Confidence
21 Apex Space Satellite bus manufacturing $2.3B Full Confidence Announced Private Round Valuation Observed $719M Full Confidence
22 Isar Aerospace European small launch vehicles $1.6B–$2.8B Partial Confidence Implied Valuation from Raise Implied $417M Strong Confidence
23 Astranis Small GEO broadband satellites $1.8B–$2.3B Partial Confidence Active Raise Valuation Estimated $508M Partial Confidence
24 Vast Commercial space stations $1.5B–$2.5B Partial Confidence Implied Valuation from Raise Implied $300M Strong Confidence
25 PLD Space Reusable Spanish launch vehicles $1.4B–$2.6B Partial Confidence Implied Valuation from Raise Implied $257M Partial Confidence
26 Rivada Space Networks Secure LEO enterprise connectivity $1.0B–$2.5B Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
27 Astroscale Orbital debris servicing $1.7B Full Confidence Public Market Cap Observed $594M Partial Confidence
28 Galactic Energy Commercial orbital launch vehicles $1.4B–$1.8B Partial Confidence Announced Private Round Valuation Observed $742M Strong Confidence
29 Xona Space Systems LEO satellite navigation infrastructure $1.1B–$2.1B Partial Confidence Implied Valuation from Raise Implied $297M Strong Confidence
30 BlackSky Real-time geospatial intelligence $1.3B Full Confidence Public Market Cap Observed $283M Partial Confidence
31 Synspective SAR satellite data analytics $1.3B Full Confidence Public Market Cap Observed $304M Partial Confidence
32 Interstellar Technologies Japanese rockets and satellites $0.9B–$1.6B Partial Confidence Implied Valuation from Raise Implied $204M Partial Confidence
33 Loft Orbital Space infrastructure as service $1.0B–$1.3B Strong Confidence Announced Private Round Valuation Estimated $326M Full Confidence
34 Gilmour Space Technologies Australian rockets and satellites $1.0B–$1.2B Strong Confidence Announced Private Round Valuation Observed $245M Full Confidence
35 Skyroot Aerospace Indian private launch vehicles $1.1B Full Confidence Announced Private Round Valuation Observed $154M Full Confidence
36 Varda Space Industries Space-made pharmaceuticals $1.0B–$1.2B Strong Confidence Announced Private Round Valuation Estimated $329M Full Confidence
37 EnduroSat Modular satellite manufacturing services $700M–$1.3B Partial Confidence Implied Valuation from Raise Implied $163M Strong Confidence
38 Satellogic Earth observation satellite imagery $985M Full Confidence Public Market Cap Observed $349M Partial Confidence
39 Tomorrow.io AI weather satellite intelligence $825M–$1.0B Strong Confidence Announced Private Round Valuation Observed $469M Full Confidence
40 Starfish Space Satellite servicing vehicles $700M–$1.1B Strong Confidence Implied Valuation from Raise Implied $160M Full Confidence
41 ABL Space Systems Containerized smallsat launch vehicles $600M–$1.2B Low Confidence Comparables-Based Estimate Estimated $419M Strong Confidence
42 iQPS Small SAR satellite imagery $880M Full Confidence Public Market Cap Observed $190M Partial Confidence
43 Muon Space Mission-optimized satellite constellations $650M–$1.1B Partial Confidence Implied Valuation from Raise Implied $136M Strong Confidence
44 Unseenlabs Space-based maritime RF detection $600M–$1.1B Partial Confidence Implied Valuation from Raise Implied $124M Full Confidence
45 Umbra Commercial SAR satellite imagery $700M–$950M Partial Confidence Comparables-Based Estimate Estimated $32M Strong Confidence
46 Orienspace Heavy commercial launch rockets $600M–$1.0B Low Confidence Comparables-Based Estimate Estimated $170M Partial Confidence
47 Kepler Communications Internet connectivity for space $550M–$900M Partial Confidence Implied Valuation from Raise Estimated $200M Partial Confidence
48 Fleet Space Technologies Space-enabled mineral exploration $550M–$750M Strong Confidence Announced Private Round Valuation Estimated $167M Strong Confidence
49 ADA Space AI satellite services $450M–$800M Low Confidence IPO or Listing Range Valuation Estimated $233M Partial Confidence
50 Pixxel Hyperspectral Earth imaging satellites $450M–$800M Partial Confidence Implied Valuation from Raise Estimated $95M Full Confidence
51 D-Orbit Orbital logistics services $450M–$700M Partial Confidence Implied Valuation from Raise Implied $290M Partial Confidence
52 Deep Blue Aerospace Reusable liquid rockets $450M–$700M Partial Confidence Implied Valuation from Raise Implied $240M Partial Confidence
53 Spire Global Space-based data and analytics $566M Full Confidence Public Market Cap Observed $525M Partial Confidence
54 Agnikul Cosmos 3D-printed launch systems $500M Full Confidence Announced Private Round Valuation Observed $58M Strong Confidence
55 Myriota Satellite IoT connectivity $330M–$625M Partial Confidence Implied Valuation from Raise Implied $66M Partial Confidence
56 Terran Orbital Small satellite manufacturer $450M Strong Confidence Acquisition Value Observed $144M Partial Confidence
57 LeoLabs Orbital radar tracking $350M–$550M Partial Confidence Revenue or ARR Multiple Estimate Estimated $115M Partial Confidence
58 Lynk Global Satellite-to-phone connectivity $300M–$500M Low Confidence Comparables-Based Estimate Estimated $106M Partial Confidence
59 OroraTech Satellite wildfire intelligence $270M–$500M Partial Confidence Implied Valuation from Raise Implied $64M Strong Confidence
60 Omnispace Hybrid satellite 5G network $250M–$500M Low Confidence Comparables-Based Estimate Estimated $107M Partial Confidence
61 ReOrbit Sovereign satellite systems $265M–$440M Strong Confidence Implied Valuation from Raise Implied $60M Strong Confidence
62 Exotrail Space mobility systems $250M–$450M Partial Confidence Revenue or ARR Multiple Estimate Estimated $75M Strong Confidence
63 Open Cosmos End-to-end satellite missions $250M–$450M Partial Confidence Implied Valuation from Raise Implied $63M Strong Confidence
64 Albedo VLEO high-resolution imagery $300M–$400M Partial Confidence Active Raise Valuation Estimated $97M Strong Confidence
65 Sateliot 5G IoT satellite operator $250M–$400M Partial Confidence Implied Valuation from Raise Implied $58M Partial Confidence
66 SpinLaunch Kinetic launch and satellites $250M–$375M Partial Confidence Implied Valuation from Raise Implied $180M Partial Confidence
67 Capella Space SAR satellite imaging $311M Strong Confidence Acquisition Value Observed $224M Strong Confidence
68 Skylo Direct-to-device satellite connectivity $220M–$350M Partial Confidence Implied Valuation from Raise Implied $183M Full Confidence
69 ALL.SPACE Multi-orbit smart terminals $200M–$350M Low Confidence Proxy-Based Estimate Estimated $202M Partial Confidence
70 GHGSat Greenhouse gas emissions monitoring $180M–$320M Partial Confidence Revenue or ARR Multiple Estimate Estimated $149M Partial Confidence
71 Slingshot Aerospace Space traffic coordination software $180M–$320M Partial Confidence Comparables-Based Estimate Estimated $76M Strong Confidence
72 E-Space Sustainable satellite network $180M–$320M Low Confidence Comparables-Based Estimate Estimated $50M Full Confidence
73 Orbex UK sustainable microlaunch rockets $150M–$350M Low Confidence Implied Valuation from Raise Estimated $129M Partial Confidence
74 Privateer Space data intelligence $170M–$260M Partial Confidence Announced Private Round Valuation Estimated $57M Strong Confidence
75 Latitude French small launch vehicles $170M–$280M Partial Confidence Implied Valuation from Raise Implied $41M Strong Confidence
76 Space Forge In-space materials manufacturing $170M–$260M Partial Confidence Implied Valuation from Raise Implied $40M Strong Confidence
77 SATLANTIS Smallsat optical payloads $160M–$250M Strong Confidence Revenue or ARR Multiple Estimate Estimated $19M Partial Confidence
78 Antaris Satellite mission software $140M–$230M Partial Confidence Implied Valuation from Raise Implied $38M Partial Confidence
79 Orbit Fab In-space refueling infrastructure $110M–$250M Partial Confidence Active Raise Valuation Implied $62M Strong Confidence
80 Rocket Factory Augsburg European microlaunch vehicles $120M–$220M Low Confidence Comparables-Based Estimate Estimated $40M Partial Confidence
81 Dawn Aerospace Spaceplanes and propulsion $120M–$200M Partial Confidence Proxy-Based Estimate Estimated $22M Strong Confidence
82 Skyrora UK smallsat launch vehicles $100M–$220M Low Confidence Proxy-Based Estimate Estimated $41M Low Confidence
83 Mynaric Laser communications terminals $155M Strong Confidence Acquisition Value Observed $111M Partial Confidence
84 Gravitics Space station modules $90M–$165M Partial Confidence Implied Valuation from Raise Implied $33M Partial Confidence
85 Mangata Networks Multi-orbit connectivity network $90M–$160M Low Confidence Comparables-Based Estimate Estimated $33M Partial Confidence
86 NorthStar Earth & Space Space domain awareness $90M–$170M Low Confidence Proxy-Based Estimate Estimated $134M Partial Confidence
87 Exolaunch Satellite deployment services $80M–$150M Low Confidence Proxy-Based Estimate Estimated $0M Low Confidence
88 HyImpulse Hybrid-propulsion launch vehicles $80M–$140M Partial Confidence Implied Valuation from Raise Implied $32M Partial Confidence
89 Aevum Autonomous launch and logistics $50M–$150M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
90 OQ Technology 5G satellite IoT network $60M–$110M Low Confidence Proxy-Based Estimate Estimated $16M Partial Confidence
91 SatSure Satellite decision intelligence $60M–$110M Partial Confidence Revenue or ARR Multiple Estimate Estimated $20M Partial Confidence
92 TrustPoint Commercial GPS alternative $70M–$90M Partial Confidence Announced Private Round Valuation Estimated $2M Partial Confidence
93 Orbital Sidekick Hyperspectral infrastructure monitoring $50M–$90M Low Confidence Revenue or ARR Multiple Estimate Estimated $47M Partial Confidence
94 ClearSpace Space debris removal $45M–$90M Partial Confidence Implied Valuation from Raise Implied $39M Partial Confidence
95 Phantom Space Rockets and satellites $45M–$90M Low Confidence Proxy-Based Estimate Estimated $37M Partial Confidence
96 NanoAvionics Small satellite buses $67M Strong Confidence Acquisition Value Observed $5M Low Confidence
97 Momentus Space transportation services $54M Full Confidence Public Market Cap Observed $320M Partial Confidence
98 Spaceflight Rideshare launch services $48M Partial Confidence Acquisition Value Observed $265M Partial Confidence
99 Astra Small launch and propulsion systems $11M Strong Confidence Acquisition Value Observed $600M 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 makes the space economy ranking look far more concentrated than almost any normal startup market, with an estimated valuation above $1.5T and a midpoint nearly 2,900x the median company.
  • Rocket Lab, AST SpaceMobile and Planet Labs show how public-market space companies can dominate the value pool once the business model becomes investable at scale.
  • The top 10 companies capture roughly 95% of the total valuation in this ranking, which means the space economy is still shaped by a small number of breakout platforms.
  • Orbital infrastructure is becoming a major private-market category, with Sierra Space, Impulse Space and K2 Space together representing about $15.3B in valuation.
  • Satellite platforms and bus manufacturers are no longer a small niche, as K2 Space, Apex Space and Loft Orbital together reach about $6.5B in valuation from about $1.5B of funding.
  • Non-U.S. launch startups are becoming meaningful, with Gilmour Space, Skyroot Aerospace and Agnikul Cosmos together reaching about $2.7B in valuation on only $457M of funding.
  • Earth observation remains highly uneven, since Planet Labs accounts for most of the value among the largest imagery and sensing companies in this dataset.
  • Post-launch orbital services are gaining investor attention, with Starfish Space and Varda Space Industries together reaching about $2.0B in combined valuation.
  • Fleet Space Technologies shows that space-enabled terrestrial applications can compete with more capital-heavy satellite hardware companies, especially when the customer problem is clear and commercial.
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 economy startup valuations is not always straightforward. Many companies do not publicly disclose their valuation, and the available information can vary widely depending on the company and its stage.

To build this 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 companies, or official acquisition prices.

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

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 startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, backlog, launch cadence, satellite deployment, customer traction or contract activity, combined with valuation multiples from comparable companies in the same market.

When direct financial data is not available, we may rely on carefully selected comparable space economy startups and other signals such as hiring growth, investor quality, technical milestones, customer demand or product traction.

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

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

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

Because valuation data is not always fully public, each startup 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.

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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