Launch vehicles, satellites, earth observation, and in-orbit infrastructure.
Components that cannot be computed are dropped and the weights renormalize — never faked to neutral.
Undisclosed amounts count as zero capital; deals still count.
| # | Company | Valuation | Secondary vs Round | Last Round |
|---|---|---|---|---|
| 1 | Blue Origin | $130B as of 2026-07 | no mark | 2026-07 |
| 2 | Vast | $30B as of 2026-04 | no mark | 2026-04-01 |
| 3 | Sierra Space | $8.0B as of 2026-Q1 | -7.3% | 2026-03-01 |
| 4 | K2 Space | $6.8B as of 2026-Q3 | +35.3% | 2026-07-01 |
| 5 | Kr Space | $6.8B as of 2026-07 | no mark | 2026-07-01 |
| 6 | CHAOS Industries | $4.5B as of 2025-11 | no mark | 2025-11-01 |
| 7 | Skydio | $4.4B as of 2026-04 | +16.1% | 2026-04-01 |
| 8 | Relativity Space | $4.2B as of 2025-Q1 | -55.7% | 2025-03-01 |
| 9 | Clubhouse | $4.0B as of 2021-Q2 | no mark | 2021-04-18 |
| 10 | Stoke Space | $3.4B as of 2026-Q1 | +21.2% | 2026-02-09 |
| 11 | ICEYE | $2.5B as of 2025-Q4 | no mark | 2025-12-01 |
| 12 | Apex | $2.3B as of 2026-06 | no mark | 2025-09-12 |
Methodology. Emerging Spaces groups the tracked private-company roster into curated thematic spaces and scores each space's momentum 0–100 from four disclosed-data components: trailing-90-day capital vs the prior 90 days (40%), deal-count acceleration on the same windows (25%), news activity per tracked company over 30 days (20%), and the median secondary-market premium to last round across the space's marked names (15%). Components that cannot be computed are dropped and the weights renormalize — the basis is disclosed per space. Quarterly trends derive from dated, disclosed rounds; undisclosed amounts count as zero capital. An attention map of disclosed activity — not a prediction, not investment advice.