Space
Space News
SpaceX: Valuation & Assumptions
Space Exploration Technologies Corp. (“SpaceX”) is a vertically integrated aerospace and technology company founded by Elon Musk in 2002 and floated on Nasdaq on Friday, June 12, 2026 under the ticker SPCX. The group operates three reporting segments: Connectivity (the Starlink satellite broadband network), Space (launch services, vehicles, and infrastructure), and AI (xAI, Grok, and the X social platform).
This page allows users to build their own financial model and valuation of SpaceX. The default outputs are zero. Users should use the sliders below to build the forecasts from revenue to EBITDA to free cash flow. This tool is for educational purposes only, see full disclaimers at the bottom of the page before use.
Space: The $28tn question – valuation ceiling or demand floor?
SpaceX IPO has hit headlines, with revenues and EBITDA reported to be strong, as well as its lofty mission statement and governance structure.
After our Space, AI, and energy colliding report from February, we flag five themes that we believe could be significant but are far less discussed.
From in-space manufacturing, to the lunar economy, to dealing with space debris, we believe it is becoming clearer that space will replicate many of the economies and industries on Earth in due course.
Space, AI, and energy colliding
The insatiable demand for AI is forcing a radical question: what if the solution to our planet’s AI energy crisis lies beyond earth itself?
The audacious concept of data centres in space is shifting from science fiction to serious engineering, driven by converging tech catalysts and the physical limits of terrestrial grids.
There are limited ways to play space in the UK today, but it is not going away. Investors would be wise to familiarise themselves with the topic as a growing number of private companies start to emerge.
SpaceTech: The next industrial revolution
SpaceTech firms are enabling real-time data, global connectivity, and environmental monitoring via cheaper rockets and smaller satellites.
The UK is a leader in innovation, attracting global firms despite limited domestic investment opportunities in publicly-listed space companies.
Future breakthroughs include space-based data centres and solar power, addressing our energy demands and unlocking commercial frontiers.
ICEYE: video interview with the CFO of this €2.4bn company
We interviewed ICEYE’s CFO, Magdalena Bartoś, about the business, why she joined, and what she is looking forward to over the next year.
ICEYE is a Finnish satellite company delivering persistent, all weather Earth observation for defence, insurance, and disaster response clients.
In 2025, ICEYE generated €250m+ in revenue, €100m+ in EBITDA, and strong cash flow, and has a €1.5bn contracted backlog, supporting rapid scaling.