Space-related acquisitions highlight value gap for Space42; reiterate Overweight

研报英文原文证据摘录

Space-related acquisitions highlight value gap for Space42; reiterate Overweight

June 30, 2026

SPACE42

Figure 3: Valuation multiples for selected companies across the space value chain

EV/Revenue, x

Company Ticker 2026E 2027E Comments

AST SpaceMobile ASTS US 203 46 Provides cellular broadband network in space for smartphones for commercial use

BlackSky Technology BKSY US 8.4 6.3 Provides real-time geospatial intelligence solutions and processes space observations for commercial applications

Globalstar GSAT US 39.6 34.0 Provides mobile voice and data communications services via satellite

Iridium Communications IRDM US 8.9 8.6 Offers mobile satellite communications services and operates low earth orbit satellites

Intuitive Machines LUNR US 5.1 4.2 Provides space services/technologies and offers lunar orbit delivery, space systems and communications globally

MDA Space MDA CN 4.0 3.4 Manufactures/develops satellite communications systems, vision sensors for earth and space observation

Presight PRESIGHT UH 4.9 3.9 Middle East’s leading artificial intelligence and big data analytics provider

Planet Labs PL US 25.3 25.0 Provides daily satellite data and designs/manufactures miniature satellites delivered into orbit

Redwire Corp RDW US 5.2 4.3 Operates space infrastructure and offers space solutions

Rocket Lab Corp RKLB US 65.6 46.8 Manufactures/develops satellite and spacecraft components for commercial, civil and defense markets globally

Satellogic SATL US 19.2 13.0 Designs, manufactures, operates earth observation satellites for mapping and geospatial data

Spire Global SPIR US 8.4 6.7 Provides space-based data, analytics and space services and offers customers access to data about earth etc

Voyager Technologies VOYG US 7.9 5.1 Provides national security and space solutions