Earth Observation & Geospatial Data

CACI International announced a one-year plus four option periods US$1.50 billion-ceiling Apollo award to support U.S. Central Command, alongside being selected by Vantor to provide optical imaging payloads for its planned Vantor Pulse satellite fleet. The Apollo award strengthens near-term revenue visibility and fits a pattern of federal customers consolidating critical work with fewer providers on large, multi-year frameworks, though it does not remove risks around federal budget volatility and contract timing. CACI's narrative projects $12.2 billion revenue and $727.8 million earnings by 2029, requiring 8.3% yearly revenue growth and a roughly $192 million earnings increase from $535.8 million today. Some of the most optimistic analysts already expected CACI to reach about US$12.7 billion of revenue and US$862 million of earnings before this news. The company's forecasts yield a $724.50 fair value, a 16% upside to its current price.

Sòphia High Tech S.r.l., the Italian aerospace and defense manufacturer in which Genenta Science S.p.A. made a strategic investment in 2026, contributed to the manufacture of the Spring Assembly used in the second and third stage separation system of the VEGA-C launcher that lifted off at 03:21 CEST on September 15, 2026 from Europe's Spaceport in Kourou, French Guiana. The VV30 mission carried two European Earth observation satellites built by Thales Alenia Space into a Sun-synchronous orbit: Copernicus Sentinel-3C, the third satellite of the Sentinel-3 mission of the European Union's Copernicus program, and FLEX, the eighth Earth Explorer mission developed under the European Space Agency's FutureEO program. The Spring Assembly, installed in the interstage connecting the Zefiro 40 second stage to the Zefiro 9 third stage, releases stored elastic energy to initiate separation of the exhausted second stage from the third stage, and Sòphia HT has been in serial production of the component since 2018. Genenta, which is evolving into Saentra Forge, a strategic industrial consolidator focused on aerospace, defense, national security and biotechnology, said the component reflects the flight-qualified engineering capability it seeks to back as it builds a listed, long-term Italian platform, according to CEO Pierluigi Paracchi. Sòphia HT CEO Antonio Caraviello said every Spring Assembly delivered for VEGA-C since 2018 must meet the same requirement of an identical mechanical response flight after flight.

HawkEye 360 announced a strategic collaboration with ERA a.s. under which ERA will serve as an international processing partner for automated terrestrial and maritime radar products derived from HawkEye 360's radio frequency data. The partnership combines HawkEye 360's space-based signals intelligence, automated geolocation and advanced RF analytics with ERA's integration and mission-workflow capabilities to give defense and security customers faster access to operationally actionable information. HawkEye 360 CEO John Serafini said European defense organizations are seeking faster, more integrated ways to understand increasingly complex operating environments, and that the combination can deliver actionable information more quickly to allied warfighters and defense leaders across Europe. ERA CEO Ondřej Chlost said the cooperation is advancing to a whole new level and pointed to growing worldwide customer interest in advanced passive surveillance systems, particularly in SIGINT, and in integrating solutions already deployed in the field. ERA, a member of the OMNIPOL Group headquartered in Pardubice, Czech Republic, has more than three decades of experience and installations in over 70 countries.

HawkEye 360, Inc. and Leonardo S.p.A. announced a Memorandum of Understanding establishing a structured collaboration to integrate HawkEye 360's radio-frequency sensing capabilities into Leonardo's Telespazio and e-Geos space service solutions for European customers. Under the MoU, Leonardo will lead overall data integration and manage institutional engagement across Europe through its geospatial solutions, while HawkEye 360 will provide dedicated RF data capacity tailored to European operational needs. The first phase focuses on integrating a customized RF layer into Leonardo's global Intelligence, Surveillance, and Reconnaissance service offering, including exclusive reserved capacity for defined European areas of interest, with data delivered through Italian ground stations and EU-based cloud infrastructure to reduce latency and enhance European data sovereignty. The MoU also outlines a phased pathway for deeper collaboration, including cooperation on payload technologies such as RF localization, E/O and hyperspectral, manufacturing and hosting on respective systems, and expanded interoperability between HawkEye 360's RF analytics and Leonardo's sensing solutions. HawkEye 360 Chief Executive Officer John Serafini said the collaboration represents an important step in supporting European nations with reliable, integrated RF insights embedded within their own architectures, while Massimo Claudio Comparini, Managing Director of Leonardo's Space Division, said it strengthens Leonardo's role as a trusted European integrator of sovereign space-based intelligence.

AeroVironment's BlueHalo unit received a U.S. Air Force contract valued at up to $99.8 million for research and development supporting military space systems, the Pentagon announced Friday. The indefinite-delivery, indefinite-quantity contract covers the Leveraged Orbital Battlespace Optimization program, with work to take place in Huntsville, Alabama and at Kirtland Air Force Base in New Mexico through Aug. 29, 2031. The $99.8 million figure represents the contract's maximum potential value rather than guaranteed revenue; at the time of the award, the Air Force obligated about $1.7 million in fiscal 2026 research, development, test and evaluation funding to support two initial task orders with a combined ceiling of approximately $20.2 million. The Air Force Research Laboratory at Kirtland is managing the contract, which the Air Force described as competitive although only one offer was received. Shares of AeroVironment rose 4.8% by 11:16 a.m. ET on Monday following the announcement.

BlackSky Technology Inc. collected and processed first light imagery from its fifth Gen-3 satellite in less than 20 hours after liftoff, the company announced September 14, 2026. The rapid commissioning adds new 35-centimeter imagery supply to the Gen-3 constellation, which BlackSky says remains scarce and often forces customers to prioritize which missions are tasked. CEO Brian O'Toole said each Gen-3 satellite on orbit comes in at about one-fifth the cost of legacy platforms while exponentially increasing available capacity, adding decision-making speed for customers in contested, fast-moving environments. BlackSky maintains a steady deployment schedule for Gen-3 with plans for additional satellites on orbit by the end of 2026, while Gen-2 remains foundational to its dual constellation framework. The company, headquartered in Herndon, Virginia, is publicly traded on the New York Stock Exchange as BKSY.

Rocket Lab Corporation launched its 16th Electron rocket of the year on September 11, 2026, a dedicated mission for a confidential customer. The mission, named "Happily Ever Faster," lifted off from Rocket Lab Launch Complex 1 in New Zealand at 3:28 p.m. NZST and successfully deployed a single Earth observation satellite to a 500km circular low Earth orbit. The launch marks Rocket Lab's 16th of the year and its 95th launch overall. Rocket Lab said its next Electron launch is scheduled from Launch Complex 1 for another commercial constellation operator before the end of the month. The company said Electron's regular and reliable launch cadence provides schedule certainty and dedicated access to space as global launch availability continues to strain the market.

Eutelsat and OroraTech have announced a strategic partnership to deploy OroraTech thermal infrared payloads on Eutelsat's future Low Earth Orbit satellites, with a reservation for 48 payloads and an option for an additional 48, potentially reaching up to 96 sensors. The agreement, unveiled at the International Space Summit in Paris on September 9, 2026, aims to create a sovereign European thermal intelligence layer for persistent, low-latency Earth monitoring. OroraTech CEO Martin Langer emphasized the move from satellites to infrastructure, while Eutelsat CEO Jean-François Fallacher highlighted the role in early wildfire detection, citing recent severe fires in Europe. For OroraTech, the deal offers scale, capital-efficient growth through hosted payloads, and resilience via diversification across European platforms. The partnership underscores French-German cooperation in space, combining Eutelsat's large-scale LEO infrastructure with OroraTech's thermal intelligence technology.

Satellogic, Inc. has appointed Vice Admiral (Ret.) Frank D. "Trey" Whitworth as President, effective immediately, promoting him from his strategic advisory role to lead global operations and defense and intelligence strategy. Whitworth, who previously served as the eighth Director of the National Geospatial-Intelligence Agency from June 2022 to November 2025, will report directly to CEO and Co-Founder Emiliano Kargieman. The appointment comes as Satellogic scales sovereign satellite programs for governments and defense partners, with Whitworth bringing over 36 years of U.S. Navy and intelligence community leadership, including expanding the Pentagon's Project Maven AI program. Kargieman highlighted Whitworth's unique leadership and operational execution capabilities, while Whitworth emphasized the operational necessity of Persistent Global Intelligence and his eagerness to help Satellogic scale its mission-critical solutions.

Google-backed space startup Pixxel has raised $100 million in India's largest space-tech funding round to date, as the country's private space industry attracts larger capital pools. The Series C round was led by Temasek and Seraphim Space, with participation from existing and new investors, bringing Pixxel's total funding to $195 million. The company, which began with hyperspectral satellites, has expanded into Earth-intelligence software via its Aurora platform, satellite manufacturing, and systems for commercial and government customers. The new funds will support the expansion of its Honeybee satellite constellation, add higher-resolution imaging, and increase manufacturing capacity in India and the U.S. Pixxel already operates six Firefly satellites in orbit and has secured work with NASA and the U.S. National Reconnaissance Office, with the first Honeybee satellite expected to launch in 2027.

Teledyne Technologies has landed major defense contracts, including a substantial order for thermal weapon sights from the German Bundeswehr, and has been selected for a key role in the U.S. Army's next-generation uncooled infrared program. The company also partnered with Everspin Technologies to bring advanced memory solutions to aerospace and defense customers, and its imaging sensors flew on a newly launched meteorological satellite supporting environmental monitoring and national security. These developments reinforce Teledyne's focus on high-margin sensing and imaging, with the planned fourth-quarter 2026 availability of PERSYST MRAM products from Teledyne HiRel in Milpitas, California, serving as a key milestone to watch. The company, valued at about $28.2 billion, continues to expand its footprint in defense and space-related technologies.

Planet Labs reported fiscal second-quarter revenue of $116.1 million, up 58.1% year over year and beating analyst estimates of $105.1 million, driven by strong growth in its defense and intelligence sector, which grew over 90% year over year. However, the company's guidance for the next quarter of $103 million fell 10.5% short of expectations, and its full-year EBITDA guidance of $6.5 million at the midpoint also missed analyst estimates of $9.79 million. Adjusted earnings per share came in at $0.02, significantly above the consensus loss of $0.02. Management highlighted rapid satellite deliveries, including a handover to the Swedish Armed Forces, and a $4 billion pipeline in satellite services, with over $1 billion qualified as near-term opportunities. The company slightly raised its full-year revenue guidance to $435.5 million at the midpoint from $433 million.

AST SpaceMobile shares surged 11% to $62.36 in Wednesday morning trading after Berenberg analyst Michael Filatov initiated coverage with a Buy rating and a $92 price target, while Planet Labs climbed 5% to $20.14 on a separate $25 target. Filatov also initiated Rocket Lab at Buy with an $83 target, describing each company as a unique, hard-to-replicate player in the space sector. The Procure Space ETF rose just 0.2%, indicating the moves are isolated bounces rather than broad sector momentum. AST SpaceMobile, which has fallen 23% year to date, is advancing toward the 45 satellites needed for commercial service, while Planet Labs, down 2% year to date, reports earnings on September 3, a key test of its 72% backlog growth to roughly $906 million.

Berenberg has launched coverage of the U.S. and European space sector, initiating Rocket Lab, AST SpaceMobile, Planet Labs, and HawkEye 360 at Buy, and Avio SpA at Hold, joining its existing Buy on OHB SE. Analyst Michael Filatov noted that falling launch costs have pushed the space economy past $500 billion in 2025, on track to exceed $1 trillion by 2030, favoring vertically integrated launch and sovereign constellation capabilities. Rocket Lab received an $83 price target as the only end-to-end public pure-play in space, while AST SpaceMobile got the highest target at $92 for its demonstrated cellular broadband from space to unmodified smartphones. Planet Labs was initiated with a $25 target, citing accelerating revenue growth and a backlog up 72% year-over-year to roughly $906 million, and HawkEye 360 received a $24 target for its radio-frequency intelligence and 33% organic growth in Q2. Avio SpA was the lone Hold with a €33 target, as near-term earnings are constrained by capital spending on its Virginia plant. Filatov highlighted defence and sovereignty spending as the most de-risked demand driver, with global defence space spending at $74 billion in 2025 and the U.S. Space Force's fiscal 2027 budget request more than doubling, while SpaceX delivered 80% of all mass to orbit year-to-date.

Spire Global, Inc. has been awarded a two-year, $28 million contract by the National Oceanic and Atmospheric Administration (NOAA) to advance hyperspectral microwave sounding technology toward operational use for weather forecasting. Under the agreement, Spire will build and qualify a matured satellite and hyperspectral microwave sounder payload through flight readiness, tailored to an orbit supporting NOAA's forecasting needs and enabling analysis of the impact on numerical weather prediction and resilience to radio frequency interference. This award follows Spire's launch of its first-of-its-kind HyMS demonstrator in January 2026 and a $3 million contract extension from NOAA earlier this month for continued evaluation of demonstrator data. The new agreement expands that work, targeting operational capability no later than 2030, and represents a step toward demonstrating that advanced hyperspectral microwave sounding can be delivered from a smaller, commercially developed satellite platform.

Space startups raised more venture capital in the first half of 2026 than during all of last year, as investors concentrated larger checks in companies moving from technical validation toward manufacturing and production. Venture-backed space companies raised $11.3 billion across 244 deals through June, surpassing the $10.1 billion invested across 433 deals in all of 2025, according to PitchBook's 2026 Vertical Snapshot: Space Tech. The increase reflects bigger financings rather than a comparable surge in dealmaking, with the median round more than doubling to $14.5 million from $7 million last year, while venture-growth and late-stage deals captured 87.4% of total investment. Seed funding fell to about 1.5% of capital deployed, the lowest share on record. Money has flowed heavily toward capital-intensive categories: commercial launch companies raised about $3 billion in H1, satellites attracted $2.8 billion, and space infrastructure drew $1.2 billion. Space tech is increasingly being treated as an industrial scale-up market rather than an early-stage technology bet, which is bullish for established companies with contracts and production capacity but raises questions about whether the funding boom is producing enough new companies to sustain the sector's pipeline.

The Tsumagoi Village Agricultural Cooperative, the Japan Aerospace Exploration Agency, and Dentsu began an experimental initiative on the 24th to use satellite data to predict the supply and price of Tsumagoi Village's specialty cabbage, linking this to in-store sales promotion and advertising.

The National Space Policy Committee is accelerating the push for laws and a master plan to lay the foundation for driving Thailand's space economy over the long term. At its first meeting of 2026 on August 17, 2026, Deputy Prime Minister and Minister of Transport Phiphat Ratchakitprakarn chaired the session, joined by representatives from key ministries and agencies. The meeting considered ways to upgrade Thailand's space affairs in the economic, security, and technology development dimensions. It focused on drafting a policy for considering permission for foreign satellites to provide services domestically, known as Landing Rights, alongside consumer protection, fair competition, and national security. It also laid out guidelines for managing satellite communication channel slots that the state receives from licensees authorized to use satellite orbital rights, to be used for public services and state benefit, supporting the growth of the digital economy and reducing inequality in access to services and opportunities for the public. In space affairs for security, priority will be given to space traffic monitoring and management to accommodate and prevent threats in the digital, cyber, and space domains. In space technology and applications, the committee will move forward with promoting research and development of Thailand's own Earth observation satellite systems, including studying the feasibility of establishing Thailand's first spaceport, or Thailand Spaceport, to reduce long-term dependence on foreign technology. At the same time, it will accelerate the use of Earth observation satellite data to support key national missions, including precision agriculture, disaster management, and assessment of PM2.5 air pollution situations, along with developing personnel to support the future space industry. The committee is also expediting the drafting of the Space Affairs Act and reviewing the draft National Space Master Plan 2023-2037 to lay the legal foundation and set long-term strategies, supporting the creation of economic value and revenue from the space industry while enhancing the country's competitiveness. The meeting also endorsed the Artemis project, a lunar exploration program of the United States operated by NASA, as an important space project for Thailand, which needs to be accelerated in line with the plans and timelines of the United States and international partners. It also acknowledged progress in Thailand's space affairs, covering policy and regulations, satellite technology, component manufacturing, space missions for security, space technology applications, personnel development, and cooperation with international organizations, as well as preparations to join the 1972 Convention on International Liability for Damage Caused by Space Objects, the feasibility study for establishing Thailand Spaceport, and the development of space traffic monitoring and management guidelines in line with international standards.

Goldman Sachs says space is becoming an institutional asset class as falling launch costs and rising private investment reshape the orbital economy. The firm forecasts the global space-based economy will reach $1.8 trillion by 2035, with more than $55 billion invested in 2025 and a record $36 billion in the first quarter of 2026. Since the start of 2025, aerospace companies have raised $89 billion through IPOs, including Firefly's roughly $999 million listing, York Space Systems' roughly $629 million raise, HawkEye 360's roughly $478 million raise, and SpaceX's record $86 billion IPO. Goldman says public-market funding is critical because the next stage of space industrialization will require large upfront investment in launch capacity, satellite factories, lunar infrastructure, and data platforms.

HawkEye 360 outlined full-year 2026 revenue guidance of $215 million to $220 million and adjusted EBITDA of $30 million to $36 million during its second-quarter earnings call. Second-quarter revenue rose 87% year-over-year to $49.8 million, driven primarily by the acquisition of ISA, with international revenue of $21 million and U.S. revenue of $28.8 million including a $14.4 million ISA contribution. The company reported a net loss of $15.3 million, adjusted EBITDA of $7 million, and free cash flow of $5.4 million, while backlog stood at $292 million as of June 30, 2026. Management also highlighted a demonstration with Lockheed Martin that reduced data latency by more than 50% compared with the 2025 Talisman Sabre exercise, and said the company aims to achieve 10-minute revisit and latency within two to three years.

Qingdao is seizing hot market tracks by cultivating innovative industries and accelerating the construction of its '10+1' innovative industrial system. During recent visits to several innovative enterprises in Qingdao, China Business News reporters found that technology research and development is shifting from merely usable to genuinely effective. For example, Qingdao Guoce Haiyao Information Technology plans to launch multiple satellites in 2027 to build a full industrial chain model of satellite data, AI algorithms, and data applications, with investment in just one agricultural application satellite reaching tens of millions of yuan. Teladian, in partnership with Neolix and State Grid Qingdao Power Supply Company, has launched the unmanned vehicle automatic charging and operations center 'Laidian Island No. 1', compressing the traditional three-to-four-month construction period to two to three weeks. Fengshi Qingdao Marine Technology received a strategic investment of 15 million yuan from the Qingdao High-tech Industry Parent Fund for high-value utilization of marine phospholipids and industrialization of their medicinal value. In 2025, revenue growth in Qingdao's pioneering and emerging industries both exceeded 10 percent, with the two pioneering industries surpassing 250 billion yuan in combined revenue and the five major emerging industries approaching 600 billion yuan in total revenue. In the first quarter of 2026, output of sensors, virtual reality equipment, and integrated circuit wafers rose 136.3 percent, 115.3 percent, and 95.4 percent year on year respectively. Qingdao aims by 2027 to reach a new-generation information technology industry scale of 200 billion yuan, an artificial intelligence industry scale of 120 billion yuan, a life and health industry scale of 100 billion yuan, an intelligent connected new energy vehicle industry scale of 250 billion yuan, a low-altitude economy industry scale of 23 billion yuan, a green energy industry scale of 50 billion yuan, an intelligent equipment industry scale of 250 billion yuan, an intelligent home appliance industry scale of 420 billion yuan, a high-end chemical and new materials industry scale of 360 billion yuan, and a modern light industry scale of 250 billion yuan.

Spire Global reaffirmed its full-year 2026 revenue guidance of $75 million to $85 million while negotiating an eight-figure contract with a U.S. government agency tied to its Hyperspectral Microwave Sounder capability. Second quarter revenue was $18 million, up 16% year-over-year on a core basis excluding the divested maritime business, and adjusted EBITDA was negative $8.6 million, a 16% improvement from a year earlier. The company said over 85% of the midpoint of its revenue guidance was under contract as of the end of July, and it expects a radio occultation bridge award from NOAA in August that will be larger than last year's $11.2 million. Non-GAAP gross margin fell to 38% from 52% a year ago, primarily due to the cancellation of the WildFireSat contract, and Spire ended the quarter with about $92 million in cash and no debt.

Thaicom is set to rebrand as Gulf Space Technology to expand its business from a satellite operator to a full-spectrum space technology company. Chief Executive Officer Dr. Piyaawat Jariyasetthaphong revealed that the company will integrate geostationary and low Earth orbit satellites, while accelerating the expansion of Earth observation data services and developing a data platform to support the data center and AI businesses of Gulf Group. Most recently, it secured a contract from PTT to use satellite data for monitoring gas pipeline routes, and is in the process of seeking permission to build a ground station to provide broadband internet via LEO satellites in partnership with Amazon, as well as collaborating with Globalstar to offer direct-to-device services. On the satellite plan, Thaicom 4 will extend its lifespan until the end of 2026, Thaicom 9 is expected to begin service in the third quarter of 2027, and Thaicom 10 has been postponed to the first half of 2029, with 50% of its capacity already pre-sold.

SpaceX shares jumped 11% to $127.49 after Argus upgraded the stock to Buy with a $160 price target, citing rapid growth in AI computing capacity. The upgrade reversed earlier selling pressure tied to the company's post-IPO share-lockup expiration and heavy capital spending disclosed in its first quarterly report. Peers rallied in sympathy, with Intuitive Machines up 9% to $16.25, Rocket Lab up 8% to $81.56 after completing its 92nd Electron mission, AST SpaceMobile up 5% to $70.68, Virgin Galactic up 6% to $3.12, and Planet Labs up 5% to $23.86. A weaker-than-expected July jobs report showing a loss of 23,000 jobs versus an expected gain of 80,000 reduced expectations for a September Federal Reserve rate hike, boosting appetite for capital-intensive growth names. Despite the rally, SpaceX remains down 15% over the past month, and the newly unlocked float could still cap upside.

Earth Fire Alliance and Deepfire have signed a contract to build the cloud delivery infrastructure that will route FireSat satellite data to fire agencies and scientists globally. The first three operational FireSat satellites, built by Muon Space, launched on July 7, and the partnership aims to ensure that when operational data begins arriving later this year, it reaches users in agency-ready formats. The infrastructure will serve organizations of all sizes, from large national services to NGO-led teams in under-resourced regions, without imposing new technical requirements. Built on open data standards, the system will share FireSat data with any agency capable of receiving structured fire information, positioning it as a foundational layer for the broader wildfire technology ecosystem.

Nvidia and Planet Labs each reported quarter-over-quarter revenue growth over the last eight periods, though Nvidia's revenue remains vastly larger. Nvidia's revenue reached $81.6 billion in its fiscal first quarter ended April 26, 2026, an 85% year-over-year increase, while Planet Labs posted $94.2 million in its quarter ended April 30, 2026, up 42% year-over-year. Nvidia expects revenue to accelerate to $91 billion next quarter, nearly double the $46.7 billion from the prior year, and Planet Labs forecasted revenue between $102 million and $107 million, a significant jump from $73.4 million a year earlier. Planet Labs' backlog rose 72% year-over-year to over $900 million, signaling continued sales growth. Both companies' consistent top-line expansion reflects strong customer demand in their respective markets.

UBS projects the global space economy’s total addressable market could reach $1.3 trillion by 2040, representing annualised growth of about 7%. The estimate was reduced by one-third from a potential $2 trillion scenario to account for delays and technical hurdles. Satellite Industry Association data valued the narrower global space economy at $429 billion in 2025, up 3% from the previous year, with commercial satellites generating $303 billion and representing 71% of the total. Ground equipment was the largest segment at $165.2 billion, followed by satellite services at $105 billion, while consumer applications including satellite television, radio, and broadband accounted for $80.2 billion of service revenue. Lower launch costs, which could fall below $250 per kilogram by 2040 from roughly $1,500 to $2,000 currently, are expected to support expansion in satellite communications, Earth observation, space logistics, and emerging applications. National security spending is another major growth driver, with the proposed US Space Force budget rising 30% to $49.6 billion for fiscal 2027 and Germany committing €35 billion to space assets by 2030. Longer-term opportunities include private orbital stations, space-based manufacturing, lunar infrastructure, and orbital data centres, though many remain technically unproven and require substantial external funding. Venture investment reached $11.6 billion across 430 space-technology deals during 2026 through early July, already matching the total recorded in 2025.

Goldman Sachs says the space economy’s growth to $1 trillion is a matter of when, not if, with the sector currently at about $625 billion and consensus timing pointing to the mid-2030s or 2040s. Commercial companies now drive roughly 80% of that activity, a complete reversal from 80% government control a generation ago, creating what the firm calls a flywheel effect of investment and development. Falling launch costs are the main engine, widening the addressable market for satellite operators, imaging firms, and eventually lunar logistics. Among pure-play names, AST SpaceMobile reported first-quarter 2026 revenue of $14.7 million, up 1,952% year over year, and reaffirmed full-year guidance of $150 million to $200 million, while Firefly Aerospace posted first-quarter revenue of $80.88 million, up 44.8%, and maintained its 2026 outlook of $420 million to $450 million. The Procure Space ETF, a basket of 47 space-related stocks, has returned 70.72% over five years but is down 13.43% in the past month amid a sell-off in high-beta names.