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October 2026
Largest SpaceTech Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
SpaceX, Lockheed Martin, Mitsubishi, Northrop Grumman and Rocket Lab.
 | SpaceX is an American aerospace manufacturer and space transportation company founded in 2002 by Elon Musk and incorporated in Texas, alongside launch and manufacturing sites in Hawthorne, California, Cape Canaveral, Florida, and Vandenberg Space Force Base. The company designs, builds, and operates the Falcon 9 and Falcon Heavy rockets, the Dragon crew and cargo spacecraft, and the fully reusable Starship vehicle, and has accounted for the large majority of global mass launched to orbit in recent years on the strength of reusable-rocket economics and a high launch cadence. Its Starlink division operates a low-Earth-orbit satellite constellation delivering broadband internet to more than ten million subscribers across roughly 160 countries, while the Starshield program supplies satellite and connectivity services to government and defense customers. In February 2026 SpaceX combined with Musk's artificial intelligence firm xAI, the developer of the Grok chatbot, which had itself absorbed the social platform X, consolidating space, connectivity, and AI operations under common ownership. The company completed an initial public offering on June 12, 2026, one of the largest in market history, and is led by Musk as CEO. | $163 | -- | $2.2T | $2.1T | 114.9x | 545.4x | ||
| Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Aeronautics is Lockheed’s largest segment, which derives upward of two-thirds of its revenue from the F-35. Lockheed’s remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture. | $510 | +4% | $118B | $134B | 1.8x | 15.4x | ||
 | Mitsubishi Corp. is Japan’s largest general trading house, or sogo shosha, a type of conglomerate unique to Japan. Its core role is that of a trading intermediary in a variety of industrial sectors, including resources businesses like energy and metals as well as non-resources businesses, both industrial ones like automotive and non-industrial ones like food, healthcare, and retail. In addition to acting as a trading intermediary (including midstream processing functions to convert inputs into final products), Mitsubishi also participates in upstream production businesses and downstream distribution businesses. | $29 | +19% | $106B | $137B | 1.1x | 16.1x | ||
| Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, creates the fuselage for the massive F-35 program, and maintains and upgrades numerous other military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and rocket motors. | $481 | -18% | $68B | $82B | 2.0x | 11.4x | ||
| Rocket Lab Corp is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments Launch Services and Space Systems. Geographically it serves Japan, and rest of the world and earns key revenue from the United States. | $68 | +11% | $44B | $41B | 68.9x | (229.0x) | ||
| Heico is an aerospace and defense supplier that focuses on creating replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other categories. It operates two segments: the flight support group and the electronic technologies group. Both supply the aerospace and defense sectors to different degrees. Heico is persistently acquisitive, focusing on companies in similar or adjacent markets that offer strong cash flow and profitable growth potential. | $223 | -30% | $35B | $38B | 8.5x | 31.4x | ||
 | AVIC Chengdu Aircraft Co Ltd is engaged in the research and production of complete aviation weapons and equipment and their accessories and mainly focuses on the aviation industry. | $11 | -- | $29B | $26B | 2.3x | 28.9x | ||
| Satellite television provides the bulk of EchoStar’s revenue. The firm serves about 5 million US satellite customers, about 10% of the traditional television market. It also serves 2 million customers under the Sling brand. EchoStar has also amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business, serving approximately 7 million customers, primarily under the Boost brand. The firm has agreed to sell a portion of its wireless licenses to AT&T and SpaceX, and will rely heavily on the AT&T network to serve customers. EchoStar’s legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 800,000 internet customers. | $95 | +27% | $28B | $45B | 3.0x | (2.8x) | ||
 | Bombardier designs, manufactures, markets, and provides parts and maintenance for its large, long-range Global and medium-to-large Challenger families of business jets. Most of the company's revenue is generated in North America, 60% of which is from customers in the US. It also has operations in Europe, North America, Asia-Pacific, and other markets. | $209 | +49% | $21B | $24B | 2.5x | 13.7x | ||
| IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The company operates its business through four segments. The Aviation, Space, and Defense segment covers aero engines, rocket systems, space utilization, and defense equipment. The Industrial System and General-purpose Machinery segment includes turbochargers, compressors, logistics systems, and industrial machinery. The Resources, Energy, Environment segment focuses on nuclear power, carbon solutions, and related equipment. The Social Infrastructure segment involves bridges, transportation systems, shield systems, construction materials, and urban development. | $17 | -20% | $18B | $20B | 1.9x | 11.8x | ||
| AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. | $51 | -36% | $15B | $16B | 232.5x | (39.3x) | ||
| China Satellite Communications Co Ltd is engaged in the development and management of communication and broadcasting satellite systems; the design and development of satellite ground application systems and related equipment. It also offers technical consulting, engineering design, engineering contracting services related to the satellite business. | $3 | +11% | $14B | $14B | 35.2x | 52.7x | ||
 | Embraer SA based in Sao Paulo, Brazil, manufacturer of jets. Its focus is to achieve customer satisfaction with and services addressing the commercial airline, executive jets, and defense and security markets. It has developed a customer-centric technology-driven portfolio of commercial aviation products and services that allows it to build long-term relationships with clients in the commercial aviation, executive jets, and defense and security markets. It operates through the various segments namely Commercial Aviation, Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from the Commercial Aviation segment. | $18 | +6% | $13B | $14B | 1.8x | 22.3x | ||
| Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. It has one reportable segment: MSS business. The company generates the vast majority of its revenue within the United States. | $84 | +54% | $11B | $11B | 39.8x | 86.5x | ||
| Viasat Inc provides bandwidth technologies and services in three segments: communication services and defense and advanced technologies. The communication services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers: and the defense and advanced technologies segment develops and offers a diverse array of resilient, vertically integrated solutions to government and commercial customers, leveraging core technical competencies in encryption, cyber security, tactical gateways, modems and waveforms. A large majority of the firm's revenue is generated from communication services segment. | $72 | +82% | $9.9B | $15B | 3.3x | 9.4x | ||
| China Spacesat Co Ltd is a China-based company engages in the development of small satellites, satellite ground systems, and related equipment. Its products offer aerospace system integration, large-scale ground station systems integration, satellite communications applications, satellite navigation applications and information transmission. The company operates its business in North China, northwest of China and South China. | $8 | +35% | $9.7B | $9.8B | ||||
 | Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others. | $21 | -32% | $8.4B | $7.1B | ||||
| China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone. | $2 | +29% | $6.6B | $7.5B | ||||
| Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services. | $17 | +30% | $6.3B | $5.9B | ||||
 | Fincantieri is a listed Italian shipbuilding and marine-engineering group whose roots extend well before its 1959 incorporation. It designs and constructs cruise ships, naval vessels, offshore units, ferries and specialised marine systems and provides lifecycle and ship-repair services. Cruise operators, defence ministries, navies and energy-sector customers are its principal clients. Revenue comes from long-term construction programmes, systems and components, engineering and after-sales support. The group operates shipyards in Italy and abroad and is strategically important to the Italian defence and industrial base. CDP Equity controls Fincantieri and subscribed its 2024 rights issue to fund the acquisition of Leonardo’s underwater-armaments business and accelerate the development plan. | $14 | -46% | $5.3B | $6.7B | ||||
| Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products. | $47 | +148% | $5B | $6.6B | ||||
| Exchange Income Corpn is a diversified, acquisition-oriented corporation focused on opportunities in the Aerospace & Aviation and Manufacturing segments. The business plan of the Corporation is to invest in profitable, well-established companies with cash flows operating in niche markets. It has two segments Aerospace and Aviation engaged in the Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. The Manufacturing segment comprised three lines of business; Environmental Access Solutions, Multi-Storey Window Solutions, and Precision Manufacturing & Engineering. Its geographic areas are Canada, Europe, the USA, and Others. | $82 | -- | $4.6B | $6.4B | ||||
| MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, and space exploration and infrastructure. Geographically, it generates the majority of its revenue from Canada. | $28 | +46% | $4.6B | $4.6B | ||||
 | OHB SE provides space technology, security, telematics, and satellite services. It has three business segments, namely Space systems and Aerospace, and Digital. Space systems segment develops and produces low Earth orbit and geostationary satellites for navigation, scientific, communication, and earth observation purposes. The Aerospace segment manufactures products for aviation, space travel, and electronic data transmission. Digital segment is on ground-based space systems (e.g., mechatronic systems for antennas and radio and optical telescopes), the operation of space-borne systems, digital applications based on satellite data, as well as information technology and IT security (cybersecurity). The company derives the majority of its revenue from the space systems segment. | $177 | +57% | $3.7B | $3.1B | ||||
| Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields. | $4 | -24% | $3.5B | $3.8B | ||||
| Cochin Shipyard Ltd is an Indian-based company engaged in the business activities of Shipbuilding and Ship repair. The company has two operating segments, namely, Shipbuilding and Repair of Ships/Offshore Structures. It generates maximum revenue from the Shipbuilding segment. The Shipbuilding segment offers products such as Oil Tankers, Bulk Carriers, Electric Passenger Ferries, Pax Vessels, Tugs, Aircraft Carriers, Pollution Control Vessels, and many more. The Ship repair segment includes maintenance and repair of all types of vessels including Tankers, Bulk Carriers, Aircraft Carriers, Defense Vessels, and all kinds of Commercial and Specialized vessels. | $13 | -37% | $3.4B | $3.5B | ||||
| SKY Perfect JSAT Holdings Inc Formerly SKY Perfect JSAT Corp is a Japan-based company engaged in providing broadcasting and communication services. It offers mobile satellite communication services, pay-per-view TV channel services and high-definition broadcasting services. The company consists of two operating divisions, which are Multichannel Pay TV Business and Space and Satellite Business. The Multichannel Pay TV Business offers platform services such as customer management activities to broadcasting businesses and delivers broadcasting services. Space and Satellite Business offers communication satellite circuits to the broadcasting businesses and satellite communication services, such as data communication and mobile communication, to the government, public entities and corporations. | $12 | +19% | $3.3B | $3B | ||||
| Shanghai Huace Navigation Technology Ltd manufactures satellite navigation and positioning systems and equipment, geographic information and disaster monitoring system and equipment. It provides positioning solutions for surveying, construction, GIS and marine applications in various countries. The company offers products for GIS data collection, GNSS infrastructure, unmanned aircraft systems, marine construction, optical surveying, GNSS survey and engineering, and precision agriculture. | $4 | -11% | $3.2B | $3B | ||||
 | Space42 PLC offers geospatial and data analytics/artificial intelligence (AI), The company combines and creates opportunities for synergies across data analytics, geospatial intelligence, and satellite communications to unlock value for customers, partners, and shareholders. Its operating segments involve Yahsat Space Services (YSS); and Bayanat Smart Solutions (BSS). Bayanat Smart Solutions (BSS) segment derives maximum revenue. It provides earth observation and geospatial solutions using a multi-sensor system, advanced data analytics using GIQ platform, and industry-specific solutions using advanced Artificial Intelligence (AI). Geographically, the company operates in United Arab Emirates, Asia, Europe, Africa, North America, and Others. | $1 | +15% | $2.8B | $2.2B | ||||
| Redwire Corp is engaged in mission-critical space solutions and reliable components for the next-generation space economy. It assists its customers in solving the complex challenges of future space missions and industries. The company's space infrastructure offerings include a broad array of modern products and services, which have been enabling space missions. The company's plan enables it to combine decades of flight heritage with a culture creating new technologies that are the building blocks of space infrastructure for government and commercial customers. | $10 | +22% | $2.4B | $1.9B | ||||
| Hunan Aerospace Huanyu Communication Technology Co Ltd is mainly engaged in the research, development, manufacturing, and service of spaceborne high-end microwave communication systems, satellite communication systems, aerospace technology equipment, and high-end composite material parts and components. The company is committed to providing product support and engineering application services for majorily aerospace host units. | $5 | +54% | $2.2B | $2.2B | ||||
| Intuitive Machines Inc is a space infrastructure and services company focused on enabling sustained human activity beyond Earth. It designs, builds, integrates, and operates space systems, offering infrastructure-as-a-service across low Earth orbit, geostationary orbit, cislunar space, and deep space. Its capabilities include spacecraft development and space-based network connectivity, serving commercial, civil, and national security customers. The company conducts sales both directly and through an extensive customer and partner network spanning North America, South America, Europe, Asia, and Australia, including rideshare delivery providers, lunar surface mobility providers, payload providers, communication satellite providers, and ground segment providers. | $13 | +12% | $2.1B | $3.4B | ||||
| Sigma Advanced Systems Ltd operates as a manufacturer and service provider of defense systems and security solutions. It specializes in the design, development, and production of defense and aerospace solutions. The company's portfolio includes avionics, naval systems, torpedo systems, communication systems, submarine platforms, radar systems, and counter-unmanned aerial systems for defence and homeland security applications. | $10 | +339% | $2B | $2B | ||||
 | SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity, and ancillary services, to customers around the world. The largest video division delivers television and radio satellite signals to homes through various media providers such as Comcast, Viacom, M7, and QVC. The mobility revenue is derived by offering high-bandwidth Internet connections to maritime users, and SES SA's government division offers secure communication links to international institutions and governments. Fixed Data works to bring satellite networks and connectivity to remote areas. | $4 | -71% | $1.8B | $9.7B | ||||
 | Eutelsat Communications is a satellite communications operator providing broadcast, video, connectivity, government, maritime, aviation, and broadband capacity. It earns contracted service revenue from satellite fleet capacity and associated ground and connectivity services. The company serves customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its economics are driven by services, while its competitive position depends on sector expertise, asset quality, customer relationships, and disciplined capital allocation. The company is classified in Satellite Communications and Telecommunications because those categories best represent its principal activity at the transaction date. This profile is intended to identify the legal or operating business involved in the deal, including a historical name where the company was later renamed, merged, privatized, or reorganized. | $2 | -49% | $1.8B | $3.5B | ||||
| Avio SpA is an international group engaged in the construction and development of space launchers. The company's core operations are design, development and production of solid and liquid propellant propulsion systems for space launchers; design, development and production of solid propellant propulsion systems for tactical missiles; development, integration and supply of complete light space launchers (VEGA); research and development of new low environmental impact propulsion systems and of satellite tracking control engines. The Group mainly operates in EU countries (Italy, France), the USA, and French Guiana. | $32 | -9% | $1.5B | $1.3B | ||||
| Lyntris Inc is a defense technology company that develops connectivity solutions for military applications. Its products consist of interconnected subsystems designed to support defense and military customers in detecting threats, making decisions, and responding to operational requirements across multi-domain environments. The company serves U.S. and allied nation military customers. Its solutions are deployed across three core missions: Maritime Domain Awareness; Air & Missile Defense; and Space ISR & Resilient Communications. Maximum revenue is derived from the Maritime Domain Awareness business, which includes solutions focused on maritime monitoring, tracking and analysis that support government and defense customers in maintaining situational awareness across maritime environments. | $12 | -- | $1.4B | $1.6B | ||||
| Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services. | $2 | -42% | $1.3B | $1.2B | ||||
| Zhuhai Orbita Aerospace Science & Technology Co Ltd manufactures and sells the system on chip (SOC) chips and System in Package (SIP) modules. It is involved in high technology-based business activities ranging from SOC and SIP to satellite constellation big data. The other products offered by the company are AI chips and modules, smart wearable terminals and modules. The products offered by the company are embedded in different systems, especially in medical and aerospace systems. | $2 | -9% | $1.2B | $1.2B | ||||
| Chengdu CORPRO Technology Co Ltd is engaged in the manufacturing and distribution of communication and related equipment. The main products include key components of Beidou satellite navigation application, high-performance integrated circuit, Beidou satellite navigation terminal and Beidou satellite navigation and positioning application system. | $2 | -38% | $1.1B | $1.2B | ||||
| Synspective Inc is engaged in development and operation of small SAR satellites and provider of SAR data and satellite solution. | $9 | +39% | $1.1B | $1.1B | ||||
| Astroscale Holdings Inc is developing new and scalable solutions across the spectrum of on-orbit servicing, including life extension, in-space situational awareness, end of life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. | $7 | +55% | $1.1B | $1B | ||||
| Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems; and Defence Engineering. The maximum revenue for the company is derived from its Optics and Optronic Systems segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports. | $13 | +64% | $1.1B | $1.1B | ||||
| York Space Systems Inc is a U.S.-based space and defense company that provides mission-related solutions for national security, government, and commercial customers. The company develops its own hardware and software, offering capabilities intended to support customer requirements across various elements of the space mission lifecycle. It offers mission solutions across several complementary product categories: Components, Subsystems, Spacecraft Platforms, Ground Operation, Global Downlink, and Software-Enabled Services. The company derives the majority of revenue from long-term firm-fixed-price (FFP) production contracts for the design of small satellites, launch services, and ground services with both U.S. federal government-controlled agencies as well as domestic commercial customers. | $7 | -- | $977M | $620M | ||||
| BlackSky Technology Inc is a provider of real-time geospatial intelligence. The company delivers on-demand, high-frequency imagery, monitoring, and analytics of some of the critical and strategic locations, economic assets, and events in the world. It designs, owns, and operates one of the industry’s low earth orbit (LEO) small satellite constellations, optimized to capture imagery cost-efficiently where and when its customers need it. its Spectra AI software platform processes data from BlackSky's constellation and other third-party sensors to develop the critical insights and analytics that provide its customers with the actionable intelligence. Geographically, the company operates in North America, the Middle East, Asia, and Others. | $21 | 0% | $856M | $843M | ||||
| Satellogic Inc is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, delivering decision-grade insights at scale to government and commercial customers. Through an end-to-end production and operations model, it provides governments with flexible options across their journey toward sovereign Earth observation. From access to high-frequency imagery and managed space systems to full satellite ownership, to supporting autonomous data availability and long-term technological independence. It has monitoring and alert-driven workflows that help defense and intelligence agencies, civil governments, and commercial operators transition from reactive tasking to proactive decision-making, providing mission-critical data when needed. | $5 | +170% | $792M | $775M | ||||
| ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue. | $12 | -11% | $769M | $870M | ||||
 | Creotech Instruments SA is a provider of advanced space technologies, specialized electronics, and hardware with global applications in areas such as quantum computers, quantum cryptography, quantum physics, and high energy physics laboratories. Its five primary business segments are: NewSpace dedicated to developing a satellite platform and its components; Earth Observation dedicated to developing Earth Observation systems and UAV technology (Unmanned Aerial Vehicle); Science dedicated to developing specialized electronics and components for quantum computers and time synchronization systems; Production dedicated to the manufacture of electronics; ESA Projects dedicated chiefly to projects carried in partnership with or/and commissioned by the European Space Agency (ESA). | $215 | +106% | $754M | $752M | ||||
| Telesat Corp is a satellite operator, that provides its customers with mission-critical communications services. It operates in a single operating segment, in which it provides satellite-based services to its broadcast, enterprise, and consulting customers around the world. Geographically, it derives a majority of its revenue from Canada. It derives revenue from Broadcast, Enterprise, Consulting, and others. | $46 | +52% | $701M | $3.7B | ||||
| Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block-up converters (BUCs), and Transceivers. The company's solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety. | $9 | -38% | $689M | $539M | ||||
| QPS Holdings Inc, formerly known as QPS Research Institute Co Ltd is engaged in the Development, manufacture, operation, Acquisition and sale of SAR image data from small SAR satellites. | $9 | -23% | $531M | $437M | ||||
 | U-LEAM Inc operates as a vertically integrated manufacturer, offering product development and manufacturing solutions across multiple market segments and applications. It specializes in custom interconnect solutions. It focuses on vertically integrated design, production, and supply of connectors, cable assemblies, wire harnesses, and high-performance systems for demanding applications. | $13 | -- | $513M | $502M | ||||
 | Intellian Technologies Inc is a provider of maritime satellite communication antenna. It offers products including Satellite TV, VSAT, Global Xpress and FleetBroadband solutions. | $47 | +48% | $480M | $585M | ||||
| Chorus Aviation Inc is a Canadian holding company. The company focuses on delivering regional aviation to the world through its businesses. The company specializes in contract flying, maintenance, pilot training, repair and overhaul, and aircraft leasing solutions. | Airlines+2 | $20 | +20% | $455M | $652M | |||
 | TAT Technologies Ltd provides solutions and services to the commercial and military aerospace and ground defense industries, focused mainly on three product areas and services: Thermal Management, Power and Actuation, and Maintenance, Repair and Overhaul (MRO). Its product portfolio includes heat exchangers, cooling systems, and mechanical aircraft accessories and systems such as pumps, valves, and turbine power units. Its operating segments are MRO services for aviation components, which derive key revenue, Original equipment manufacturing (OEM) of heat transfer solutions and aviation accessories, MRO services for heat transfer components and OEM of heat transfer solutions, and Overhaul and coating of jet engine components. Geographically, it derives key revenue from the United States. | $33 | -21% | $434M | $397M | ||||
| Virgin Galactic is a commercial spaceflight company developing suborbital vehicles for private astronauts and research payloads. Its system uses a carrier aircraft to release a rocket-powered spaceship, allowing customers to experience microgravity and view Earth from space. The company earns or expects to earn revenue from passenger tickets and research missions rather than satellite launch services. It was privately owned by Virgin Group when Aabar made its initial investment and funded both vehicle development and the construction of launch infrastructure in Abu Dhabi. Virgin Galactic later began operating from Spaceport America in New Mexico. The business became publicly listed in 2019 through a merger with a special-purpose acquisition company. | $3 | -21% | $431M | $395M | ||||
| Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. It generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting. | $10 | -1% | $402M | $320M | ||||
| Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to the wireless front end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, software solutions, and services. It caters to defense, railway, and marine industries. | $1 | -23% | $396M | $399M | ||||
 | Ovzon AB offers a satellite-based mobile broadband service that combines high data speeds with high mobility. The company’s services and technologies are applicable for providing secure broadband satellite communication in remote and dynamic coverage areas, for high-resolution live broadcasts, and for secure, broadband communication for drones. It reports the segment’s division that is based on the customer types and is divided into: Defense, National Security, and Public Safety. | $3 | -5% | $364M | $376M | ||||
| ispace inc is a private lunar robotic exploration company that is developing micro-robotic technology to provide a low-cost and frequent transportation service. It has developed a small lander (lunar lander) and a lunar exploration rover (lunar rover) for the purpose of providing frequent and low-cost transportation services to the moon. | $2 | -- | $350M | $376M | ||||
| Gogo Inc is a broadband connectivity service for the business aviation market. It provides a customizable suite of smart cabin systems for integrated connectivity, inflight entertainment, and voice solutions. Its business segment includes Gogo BA and Satcom Direct. It generates two types of revenue: service revenue consists of monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services, and equipment revenue consists of proceeds from the sale of ATG and narrowband satellite connectivity equipment and is recognized when control of the equipment is transferred to OEMs and dealers, which generally occurs when the equipment is shipped. | $2 | -74% | $314M | $1.1B | ||||
 | Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others. | $0 | -4% | $310M | $330M | ||||
| Butler National Corp is involved in the design, engineering, manufacturing, selling, integrating, installing, repairing, modifying, overhauling, servicing, and distributing portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems (Aerospace Products). The group serves the aviation industry, including owners of aircraft and contractors involved with private, commercial, business, and government aircraft operations. It also serves commercial weapon manufacturers and suppliers to governments and their agencies. The company has two operating segments: Professional Services and Aerospace Products. Its main source of revenue comes from the Aerospace Products segment. It operates in North America, Europe, Asia, Australia, and other geographical regions. | $4 | +83% | $282M | $278M | ||||
| APT Satellite Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in the maintenance, operation, and provision of satellite transponder capacity and related services; satellite-based broadcasting and telecommunications services; and other services. From a regional perspective, the company's revenue is derived from customers in Hong Kong, Greater China, Southeast Asia, and other regions. | $0 | -9% | $231M | - | ||||
| Maritime Launch Services is a Nova Scotia aerospace company developing Spaceport Nova Scotia near Canso as a commercial launch facility. The company plans and operates launch-site infrastructure for satellite missions and works with launch-vehicle providers, spacecraft operators and government stakeholders. Its site is designed to support polar and sun-synchronous orbital launches from Canada's Atlantic coast. Revenue is expected from launch-site services, mission support and related commercial spaceport operations. | $0 | +166% | $217M | $202M | ||||
| Systems Engineering Consultants Co Ltd provides real-time software solutions. It develops real-time software with four business fields: mobile network, internet, social infrastructure system, and space advanced system. Its software offerings include Rtrilo (Ari Trilo), Rtino (Altino), RTMSafety (RTM Safety), airCube (air cube), airLook (EALOK) and airSmartG (Air Smart G). | $20 | +19% | $203M | $165M | ||||
| Nelco Ltd is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by Department of Telecommunications, Government of India. The company operates in a single reportable segment, namely Network Systems, comprising Satellite Communication (Satcom) Services, which include equipment sales, maintenance, and other allied services. The group earns revenue from providing Satellite communication connectivity systems and solutions through sale of goods, providing installation and annual maintenance services, renting of goods, Integrated Security & Surveillance services. | $9 | -10% | $202M | $207M | ||||
| Imagesat International (I.S.I) Ltd is a provider of space-based intelligence & information solutions. The satellite services of the company include EROS C, EROS B, EROSAR, and global eye. | $3 | -16% | $196M | $169M | ||||
| GomSpace Group AB is engaged in manufacturing nanosatellites and components, as well as turnkey solutions for satellites. Its products include Power Systems, Communication Systems, Command & Data Handling, Attitude & Orbit Control System, Satellite Structures, and Ground Segment. Geographically, it operates in Denmark, Sweden, Europe (excluding Denmark and Sweden), the USA, and Asia, with the majority of the revenue deriving from Denmark. | $1 | -46% | $178M | $177M | ||||
| Sidus Space Inc is a Space and Defense as-a-Service company focused on providing complex space hardware, satellite/spacecraft design, manufacture, launch, and data solutions for both government and commercial in-space missions for all destinations through the solar system. This includes a Space-based infrastructure of multi-mission satellites with hyperspectral, multi-spectral, and other sensors to provide monitoring services and solutions to multiple sectors and industries. The company supports Commercial Space, Aerospace, Defense, Underwater Marine, and other commercial and government customers. | $2 | +37% | $157M | - | ||||
| Nara Space Technology Inc provides services across the entire space industry, from the development, production and operation of micro-satellites to satellite data analysis services. The company is engaged in manufacturing and selling CubeSat services and related products, and developing and providing integrated services related to space technology. The company provides solutions across diverse sectors namely, disaster response, environmental monitoring, agricultural analysis and yield prediction, defense and security surveillance, urban operations, and others. | $11 | -- | $124M | $98M | ||||
| KVH Industries Inc provides integrated, end-to-end services, software, and hardware that support its customers' need for access to the Internet, VoIP, operations content, and entertainment services. It offers high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite and integrated 5G/LTE cellular communications to mobile users at sea and on land. The company also provides commercially licensed entertainment, including news, sports, music, and movies, to commercial and leisure customers in the maritime, hotel, and retail markets. It operates in several geographic areas, including internationally. Revenues are generated from international locations, mainly consisting of Singapore, Canada, South America, European Union and other European countries, and other regions. | $7 | +11% | $120M | $66M | ||||
| Axelspace Holdings is a space technology company founded in 2020 and based in Japan. Axelspace Holdings is a pioneering space startup that has been at the forefront of small satellite development. The company operates two main businesses: the "AxelLiner" service, which provides development and operation of small satellite projects for clients; and the "AxelGlobe" service, which involves operating an in-house optical Earth observation satellite constellation, collecting image data, and delivering solutions to clients by processing and analyzing that data. The company serves business and institutional customers and public-sector organizations through products and services in the space technology market. Its commercial model is built primarily on product sales and contracted services, reflecting the way customers obtain and use its offering. JIC Venture Growth Investments classifies the business in its After Market portfolio and records August 2025 for the company. The company maintains its operating website at www.axelspacehd.com, while JIC VGI's portfolio materials preserve the public record of the investment relationship. | $2 | -55% | $118M | $114M | ||||
| Starfighters Space Inc is a commercial aerospace company based at NASA's Kennedy Space Center in Florida. The company operates supersonic aircraft capable of sustained Mach 2 flight and configured to carry payloads to high altitudes for air launch to space. Its activities include air launch operations, pilot and space flight training, support research, hypersonic testing, and other aerospace development programs. The company provides commercial space services and related aerospace capabilities. | $2 | -- | $88M | $65M | ||||
| Inseego Corp is involved in the design and development of fixed and mobile wireless solutions (4G and 5G NR), Industrial Internet of Things, and cloud solutions for enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe. Its products and services include intelligent mobile hotspots, wireless routers for IoT applications, USB modems, integrated telematics and mobile tracking devices, which are supported by application software and cloud services designed to enable customers to analyze data insights and configure and manage their hardware easily. It generates maximum revenue from the United States and Canada. The company also has a presence in Europe (including the United Kingdom). | IoT+1 | $5 | -72% | $81M | $132M | |||
| Liftero SA is a Polish technology company in the space sector that designs and manufactures satellite propulsion systems. It is developing space propulsion systems with products already operational in space. The company's flagship product, the BOOSTER chemical propulsion system, utilizes non-toxic propellants (N2O + C2H6, a "green propellant") and is flight-heritage certified. The system is available in variants tailored to diverse missions and can be configured using standardized components. It operates in Krakow, where it has its own R&D and production facilities: machinery for precision component machining, electronics assembly and testing stations, clean rooms for drive system integration, and test stations for low-pressure conditions. | $14 | -- | $52M | $48M | ||||
| Comtech Telecommunications Corp is a provider of communications technology and solutions. It operates in two reportable business segments: Satellite and Space Communications and Allerium. The company's Satellite and Space Communications segment, which generates maximum revenue, is organized into four technology areas: satellite modem and amplifier technologies, troposcatter technologies, cybersecurity training, and space components. This segment designs and manufactures modems, amplifiers, traveling wave tube amplifiers, frequency converters, and offers other associated software and services. The Allerium segment provides next-generation 911 (NG-911) infrastructure and solutions for state and local governments and carriers. Geographically, the company derives its key revenue from the USA. | $1 | -58% | $35M | $469M | ||||
| XTI Aerospace Inc is an aircraft development company. It also provides real-time location systems (RTLS) for the industrial sector. The company is developing a vertical takeoff and landing (VTOL) airplane that is designed to take off and land like a helicopter and cruise like a fixed-wing business airplane. Its initial configuration, the TriFan 600 airplane, will be one of the first civilian fixed-wing VTOL airplane that offers the speed and comfort of a business airplane and the range and versatility of VTOL for a wide range of customer applications, including private aviation for business and high net worth individuals, emergency medical services, and regional charter air travel. The company operates in two reportable segments: Industrial IoT and Commercial Aviation. | $1 | -48% | $35M | $43M | ||||
| Vislink Technologies Inc is a technology business specializing in collecting, delivering, and managing high-quality, live video and associated data from the scene of the action to the viewing screen. The company provides RF and 5G solutions for collecting live news, sports, entertainment, and news events for the broadcast, surveillance, and defense markets with real-time video intelligence using a range of transmission products. The company provides professional and technical services utilizing a staff of technology experts with decades of applied knowledge and real-world experience in terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems, delivering a broad spectrum of customer solutions. | $3 | +37% | $9M | $3M | ||||
 | Danish Aerospace Co AS develops technological solutions for human exploration in space and other extreme environments, including those involving defense and emergency preparedness applications. The company's activities include design, development, and manufacturing of medical monitoring and exercise equipment, as well as support activities in connection with preparations for and implementation of human space flight. Its product portfolio comprises CEVIS ergometer, ADAM medical software, Mares ultrasound system, ARMS respiratory monitoring system, FERGO space ergometer, etc. | $0 | -76% | $7M | $7M | ||||
| Rovsing AS develops, manufactures and delivers systems for functional and electrical testing of spacecrafts and their payloads. The company's products and systems are used for testing of spacecraft sub-systems, including external communication connections and instruments. Its products are modular and are sold either on a stand-alone basis or used as modules in system solutions, customized for the specific spacecraft application. In connection with the configuration of system solutions, third parties' products are also used, and software is configured for the individual spacecraft needs. | $5 | -40% | $6M | $7M | ||||
| Celestial Acquisition Corp is a capital pool company. The principal business of the Corporation is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction (as defined under the policies of the Exchange) (the QT). The Corporation has not commenced commercial operations and has no assets other than cash. The company operates in a single segment. | $0 | +36% | $585K | $328K | ||||
| Median | $10 | +2% | $1.1B | $1.2B | 4.5x | 12.2x |
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