Signal from orbit.
Long-form research on the private space economy. Written to be read, cited, and argued with. Research and education, never solicitation.
Nobody makes money launching rockets. Here's what works.
SpaceX, Blue Origin and Rocket Lab each show the same pattern: the money in space sits in what the rocket carries.
The space economy in Q2 2026: 15 rounds, $3.4B, and zero led by a space specialist
The quarter's largest space rounds, who led each one, and who is writing the biggest checks in the sector now.
Space capital markets: the last 1000x in frontier tech
SpaceX's listing gave space a public benchmark. The catalysts now repricing everything beneath it, from orbital compute to the Moon.
Why space is the next big trade
Every new sector in history has brought a gold rush for the entire economy, and capital always moves toward the frontier. The full case for space as the next one.
Building the power grid for space
Every satellite ever launched has been an energy island, capped by the solar panels it flew with. Star Catcher is building the first power grid in orbit, the layer everything else in LEO is waiting on.
Space is going to cure cancer
Seven of the ten highest-earning drugs are proteins that gravity refuses to crystallize properly. What microgravity does to medicine, from Keytruda to BioOrbit.
How low Earth orbit is transforming electronics from first principles
Why the most important semiconductor factories of the 2030s might not be in Taiwan or Arizona, but in orbit.
The factory above our heads: the next great industrial zone in orbit
Every industrial revolution has started the same way: cheap energy in a brand-new place. Orbit is next.
Space's escape velocity is in 2026, here's the map
The global space economy crossed $613 billion and is heading for $1 trillion. A one-page map of how the sector actually fits together.