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Blue Origin

ActiveFounded 2000🇺🇸Kent, Washington
CEO

Dave Limp

Data verified as of Sep 2, 2026

Summary

Blue Origin is a privately held aerospace company founded by Jeff Bezos that develops reusable launch vehicles, rocket engines, lunar landers, in-space mobility systems, and satellite communications infrastructure. Its current programs span the New Shepard suborbital system, the New Glenn heavy-lift rocket, the BE-4 engine family that also powers ULA's Vulcan, the Blue Moon lunar lander family, the Blue Ring spacecraft platform, and the TeraWave network. The FAA closed its NG-3 mishap investigation and lifted the New Glenn grounding on May 22, 2026 - pinning the BlueBird 7 deployment failure on a cryogenic leak that froze a hydraulic line - but six days later, on May 28, a New Glenn exploded during a hotfire at Cape Canaveral's LC-36, destroying the transporter-erector at Blue Origin's only New Glenn pad. CEO Dave Limp said the rocket will fly again before year-end via a hybrid horizontal-integration/crane-erect path that skips replacing the destroyed transporter-erector, with the propellant farm, a second flight-ready booster, and three upper stages intact; on July 24, 2026 NASA and Blue Origin agreed to conduct New Glenn second-stage (GS2) hot fire testing at Stennis Space Center's B-2 stand beginning this fall while LC-36 recovers, and NASA's Pegasus barge is due at Kennedy Space Center around August 10-12, 2026 to carry the completed GS2 to Stennis. The Blue Moon MK1 'Endurance' cargo lunar lander has completed thermal vacuum testing at NASA Johnson, but with New Glenn grounded its launch to the Moon has slipped from a fall-2026 target to early 2027. Separately, a February 2026 NASA Artemis architecture overhaul reassigned the crewed Blue Moon Mark 2 lander to compete with SpaceX's Starship for the program's first Moon landing (now targeted for Artemis IV, as soon as early 2028) following a 2027 crewed low-Earth-orbit docking test on the restructured Artemis III. In a landmark shift after 26 years of near-total self-funding (roughly $30B cumulative), Blue Origin raised about $10B at a $130B valuation in July 2026 - its first-ever outside round, led by Coatue (~$4B) with Jeff Bezos adding ~$2B - to bankroll Limp's target cadence of roughly 100 launches a year against an estimated ~$4.8B 2026 spend. The company broke ground on a new ~120,000-square-foot Cape Canaveral payload processing facility on August 31, 2026, and on September 1, 2026 NASA awarded it a $700M contract to build and deliver a Mars Telecommunications Orbiter - built on the Blue Ring platform - by December 31, 2028, extending Blue Origin's business beyond Earth-orbit launch and lunar landers into deep-space communications infrastructure.

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Main Products

New Glenn

New Glenn

Active

Heavy-lift orbital launch vehicle with a reusable first stage, designed for commercial, civil, and national security missions.

NG-1 reached orbit on January 16, 2025. NG-2 launched NASA's ESCAPADE spacecraft on November 13, 2025 and landed the booster on Jacklyn. NG-3 (April 19, 2026) reused and re-landed that booster but suffered an upper-stage BE-3U thrust shortfall - traced to a cryogenic leak that froze a hydraulic line - that left BlueBird 7 short of orbit; the FAA closed its investigation and lifted the grounding on May 22, 2026. A New Glenn was destroyed in a May 28, 2026 hotfire explosion at LC-36, damaging the transporter-erector at Blue Origin's only New Glenn pad; Blue Origin root-caused the explosion on August 5, 2026 to a BE-4 main oxygen valve fault and is retrofitting modified valve hardware (targeted end of August 2026) while pursuing an alternative vertical assembly path to return to flight before year-end. Reverified in late August 2026: NG-4 still had not flown and no LC-36A completion date had been announced beyond the year-end 2026 target.

Payload to LEO45,000 kg
Payload to GTO13,000+ kg
Height98 m (322 ft)
Flights Completed3 (NG-1, NG-2, NG-3); FAA grounding lifted May 22, 2026, NG-4 pending LC-36 rebuild
Reuse Target25 flights per booster
Engines (booster)7 × BE-4
New Shepard

Suborbital launch vehicle for space tourism and research, capable of fully autonomous vertical landing and reuse.

New Shepard completed 38 flights and flew 98 humans above the Karman line before Blue Origin paused the program on January 30, 2026 for no less than two years to redirect resources toward lunar human flight development.

Apogee100+ km (62+ mi)
Crew Capacity6
Total Flights38
Research Payloads200+
People Flown to Space98
BE-4 Engine

Liquid oxygen/liquefied natural gas (methane) rocket engine - the first American-made oxygen-rich staged combustion engine. Powers New Glenn and ULA Vulcan Centaur.

BE-4 is in full-rate production in Huntsville and powers both the seven-engine New Glenn booster and ULA's two-engine Vulcan first stage. After tracing the May 28, 2026 New Glenn pad explosion to a main oxygen valve fault, Blue Origin is retrofitting a modified valve into existing BE-4 engines - including units already at ULA's Decatur, Alabama plant and Cape Canaveral - with updated hardware targeted for end of August 2026.

Thrust (sea level)2,846 kN (640,000 lbf)
PropellantLOX / LNG (methane)
CycleOxygen-rich staged combustion
Vehicles PoweredNew Glenn, Vulcan Centaur
Blue Moon

Blue Moon

In Development

Lunar landing system family with a cargo-focused Mark 1 variant and a crew-capable Mark 2 variant being developed for NASA's Artemis program.

The first Blue Moon MK1 'Endurance' completed environmental testing inside NASA Johnson Space Center's Thermal Vacuum Chamber A in May 2026 and moved into radio-frequency compatibility testing at Lunar Plant 1 in Florida, ahead of a launch to the lunar south pole on New Glenn under NASA's CLPS program. A NASA Moon Base program update on August 4, 2026 said Endurance has since also cleared communications checkouts with the Tracking and Data Relay Satellite System and the Deep Space Network, with cryogenic (LOX/LH2) propellant-loading tests of the BE-7-powered lander next before final launch integration; that same August 4, 2026 update is the first NASA material to explicitly cite a first-quarter-2027 target, reconciling the earlier gap between NASA's older 'no earlier than fall 2026' language and trade-press reporting of a slip tied to New Glenn's grounding since the May 28, 2026 LC-36 explosion. NASA's February 2026 Artemis architecture overhaul reassigned MK2: it will first fly an uncrewed/prototype docking demo with Orion in low Earth orbit on the restructured Artemis III (targeted 2027, crew named June 9, 2026), then compete with SpaceX's Starship HLS for the program's first crewed Moon landing, now targeted for Artemis IV as soon as early 2028 (Artemis V, a second landing, as soon as late 2028) - NASA has not yet decided which lander flies first.

NASA Contract Value$3.4B
Target MissionArtemis III LEO docking test (2027); first crewed Moon landing as soon as early 2028 on Artemis IV or V (lander TBD vs. Starship)
Crew Capacity2 astronauts on Artemis V
Mark 1 Cargo Capacity3,000 kg to lunar surface
Blue Ring

Blue Ring

In Development

Multi-mission in-space transport platform with hybrid chemical and solar-electric propulsion, providing hosting, transportation, refueling, data relay, and in-space cloud computing services.

A Blue Ring pathfinder payload flew on NG-1 in January 2025. Blue Origin is targeting the first full Blue Ring mission in 2026 as a fully commercial GEO space-domain-awareness mission carrying Optimum Technologies' Caracal optical payload alongside Scout Space's Owl sensor and internally developed payloads.

Delta-V3,000-4,000 m/s
Payload CapacityUp to 4,000 kg (hosts >3,000 kg across 13 ESPA ports)
Hosted Payload Ports13
PropulsionHybrid solar-electric + chemical

TeraWave

In Development

Enterprise broadband satellite constellation with 5,408 optically interconnected satellites across LEO and MEO, delivering up to 6 Tbps symmetrical data speeds for enterprise, data center, and government customers.

Blue Origin introduced TeraWave in January 2026 as a multi-orbit network for enterprise, data center, and government customers. Constellation deployment is slated to begin in Q4 2027.

Constellation Size5,408 satellites (5,280 LEO + 128 MEO)
Peak Throughput6 Tbps symmetrical
Deployment StartQ4 2027
Target MarketEnterprise, data centers, government

Orbital Reef

In Development

Commercial space station project co-led by Blue Origin and Sierra Space, with partners, as a mixed-use 'business park in space' for research, industrial, international, and commercial customers in low Earth orbit, built around Sierra Space's inflatable LIFE habitat. It is the slowest-advancing of the four major US commercial-station programs and remains Blue Origin's bid for NASA's Commercial LEO Destinations Phase 2 competition (draft RFP released July 6, 2026).

System Definition Review with NASA complete; design-development progress continues, but overall pace lags Axiom, Vast, and Starlab. Sierra Space is pursuing a standalone LIFE pathfinder habitat module, targeted for launch as soon as late 2026, as a nearer-term proof point independent of the full Orbital Reef station.

Program StatusSystem Definition Review complete; design development ongoing
Operational TargetSecond half of the decade
LIFE pathfinder module target launchAs soon as end of 2026 (standalone, Sierra Space-led)

Quartz

Active

Ground-station-as-a-service network providing communications, tracking, and telemetry (TT&C) access for satellite operators, built with partner RBC Signals.

Launched August 13, 2026 with the first three 3.7-meter S-band/X-band antennas installed and tested in Bermuda, New Zealand, and Australia, as part of a nine-site global buildout planned by the end of 2026. Later sites are planned to add larger 9-meter L/S/X/Ka-band apertures to support GTO, GEO, and cislunar missions. RBC Signals supports site surveys, antenna procurement, deployment, and hosting, and resells unused capacity to other satellite operators.

Live Sites3 (Bermuda, New Zealand, Australia)
Planned Sites (by year-end 2026)9 globally
Initial Antenna Spec3.7 m, S-band/X-band
Build/Hosting PartnerRBC Signals

What's Next

Rebuild LC-36 and return New Glenn to flight

With the FAA grounding lifted on May 22, 2026, the gating item for return-to-flight is rebuilding LC-36 after the May 28 hotfire explosion. Rather than replace the destroyed transporter-erector, Blue Origin adopted a hybrid horizontal-integration/crane-erect concept of operations (detailed June 30, 2026): stages are mated horizontally in the integration facility, rolled to the pad, and raised vertical by crane, with the payload installed only after the vehicle is upright. On August 5, 2026 Blue Origin identified the root cause of the explosion as a faulty main oxygen valve on one of the booster's seven BE-4 engines and is retrofitting modified valve hardware, targeted ready by end of August 2026, into existing engines - including at ULA's Decatur, Alabama plant, since Vulcan shares the BE-4. On July 24, 2026 NASA and Blue Origin agreed to hot-fire the New Glenn second stage (GS2) on Stennis Space Center's B-2 stand starting this fall - de-risking the propulsion element off the critical pad. Reverified in late August 2026: Blue Origin was still targeting a return to flight before year-end 2026 once LC-36A is ready, with no LC-36A completion date, valve-retrofit completion, or firm NG-4 launch date yet announced; construction of a second pad, LC-36B, for the larger New Glenn 9x4 was proceeding in parallel, targeted for service by late 2027. The company still targets a rebuilt LC-36A ready by December 2026 for NG-4 (payload LN-01: 48 Amazon Leo satellites, Blue Origin's first Amazon Leo launch, flown on the second flight-ready booster).

December 2026

Blue Moon MK1 'Endurance' lunar demo mission

Fly the first Blue Moon Mark 1 cargo lander ('Endurance') to the Moon's south pole (Shackleton Connecting Ridge), validating up to 3-tonne cargo delivery, cryogenic propulsion, and autonomous GN&C. The lander has cleared thermal vacuum testing at NASA Johnson, radio-frequency compatibility testing at Lunar Plant 1, and (per an August 4, 2026 NASA Moon Base update) communications checkouts with TDRSS and the Deep Space Network; cryogenic propellant-loading tests are the next step before final launch integration. That same August 4, 2026 NASA Moon Base update is the first NASA material to explicitly confirm a first-quarter-2027 target for the mission, reconciling NASA's earlier 'no earlier than fall 2026' language with the slip trade-press outlets had already been reporting since New Glenn's grounding after the May 28, 2026 LC-36 explosion.

NET Q1 2027

Blue Ring first operational mission

Launch the first full Blue Ring mission, expected to become the first fully commercial GEO space-domain-awareness mission, carrying Optimum Technologies' Caracal sensor with Scout Space's Owl payload and internal payloads. Blue Origin has integrated the flight vehicle's primary structure, internal harnessing, and core propulsion module, but launch timing remains gated by New Glenn's return to flight after the LC-36 explosion; reverified in late August 2026, no firmer date has been reported.

2026-2027

TeraWave constellation deployment begins

Begin deploying the 5,408-satellite TeraWave broadband network (5,280 LEO + 128 MEO satellites in Q/V-band) on New Glenn rockets, delivering up to 144 Gbps LEO and 6 Tbps MEO optical capacity for enterprise, data center, and government customers worldwide. Blue Origin's roadmap ties TeraWave's larger satellite batches to the upgraded New Glenn 9x4 variant rather than the current 7x2 vehicle. Blue Origin's FCC application (filed January 2026) remains in regulatory review; reverified in late August 2026, the Q4 2027 deployment start is unchanged.

Q4 2027

Blue Moon MK2 crewed lunar landing test and mission (Artemis III/IV, lander TBD)

NASA's February 27, 2026 Artemis architecture overhaul restructured Blue Origin's original 2023 HLS award: Artemis III is no longer a lunar landing but a crewed low-Earth-orbit test flight in which Orion will dock in turn with prototypes of Blue Origin's Blue Moon Mark 2 and SpaceX's Starship HLS (crew named June 9, 2026 at Johnson Space Center), targeted for 2027. NASA has pushed the program's first crewed lunar landing to Artemis IV, targeted as soon as early 2028, with a second landing (Artemis V, starting lunar-base construction) as soon as late 2028 - and has left open which of the two landers, Blue Moon or Starship, flies the first landing, to be decided based on Artemis III performance. Blue Origin's original $3.4B NASA award still underwrites Mark 2 development regardless of mission order. NASA Administrator Jared Isaacman reaffirmed the 2027 Artemis III / early-2028 Artemis IV framework on August 14, 2026, tying it to SpaceX's Starship flight cadence rather than to any change on Blue Origin's side.

2027 (Artemis III LEO docking test); NET early 2028 (first crewed landing, lander TBD)

Orbital Reef: NASA CLD Phase 2 bid and LIFE pathfinder

Orbital Reef, co-led with Sierra Space and founding partner Boeing (which is contributing a science module and plans to ferry crew via Starliner), is Blue Origin's bid for NASA's Commercial LEO Destinations Phase 2 award against Axiom, Vast, and Starlab. Rival bidder Voyager Technologies said on its August 3 earnings call that it expects the final RFP shortly and a contract selection in early 2027, a modestly earlier timeline than the previously reported spring 2027 estimate. Sierra Space is separately targeting a standalone LIFE habitat pathfinder module launch as soon as late 2026 - a nearer-term proof point for the inflatable technology Orbital Reef depends on. Watch for CLD Phase 2 proposal progress and a firm LIFE pathfinder launch date.

Late 2026 (LIFE pathfinder); Early 2027 (CLD Phase 2 award)

Expand Quartz to nine ground-station sites globally

Grow the newly launched Quartz ground-station-as-a-service network from its first three live sites (Bermuda, New Zealand, Australia) to nine sites worldwide by the end of 2026, adding larger 9-meter L/S/X/Ka-band antennas at later sites to support GTO, GEO, and cislunar missions alongside the initial 3.7-meter S/X-band stations. Built with partner RBC Signals, which is supporting site surveys, antenna procurement, deployment, and hosting.

End of 2026

Build and deliver the Mars Telecommunications Orbiter

Following NASA's ~$700M contract award, design, build, integrate, and launch a Mars Telecommunications Orbiter built on the Blue Ring platform, delivering it to NASA no later than December 31, 2028, with the relay network expected operational at Mars by 2030. This adds a deep-space communications line to Blue Origin's in-space services business alongside Blue Ring's national-security missions.

By Dec 31, 2028 (delivery); operational at Mars by 2030

Bring the Cape Canaveral payload processing facility to initial operational capability

Following the August 31, 2026 groundbreaking, complete construction of the roughly 120,000-square-foot payload processing facility at Cape Canaveral Space Force Station (four payload-processing bays, two encapsulation bays, four multi-manifest bays), funded via a $78.25M Space Force NSSL award plus Blue Origin's own investment (~$160M total), sized to support up to 16 missions per year for government and commercial customers.

Early 2027 (initial operational capability)

Operations & Revenue

StatusPartially operational - New Glenn cleared by FAA, LC-36 pad rebuild underway, Amazon Leo manifest frozen

New Glenn has flown three times and demonstrated booster recovery and reuse. The FAA closed its NG-3 mishap investigation and lifted the New Glenn grounding on May 22, 2026, after Blue Origin attributed the BlueBird 7 deployment failure to a cryogenic leak that froze a hydraulic line and committed to nine corrective actions. Six days later, on May 28, 2026, a New Glenn exploded on the pad during a hotfire at LC-36 - Blue Origin's only New Glenn launch complex - destroying the transporter-erector and freezing Amazon's 24-launch Leo manifest, with NG-4 having been on the pad to fly 48 Project Kuiper satellites as early as June 4. On June 2, 2026 CEO Dave Limp committed to returning New Glenn to flight before the end of 2026 via an alternative vertical assembly path, and by mid-June 2026 the company had begun rebuilding LC-36, with Bezos and Limp reporting good recovery progress around June 17 and noting that the propellant tanks and a processing hangar survived while the damaged main support gantry can be repaired in place. By early July 2026 Blue Origin said hardware recovery and debris removal were complete and reconstruction had begun, adopting a hybrid horizontal-integration/crane-erect concept of operations: it targets a rebuilt LC-36A ready by the end of 2026 for New Glenn's return to flight, with a second pad (LC-36B) expected in service by late 2027 to lift long-term cadence. On August 5, 2026 Blue Origin identified the root cause of the May 28 explosion as a malfunctioning main oxygen valve on one of the BE-4 engines, confirmed through hardware recovery and inspection; small valve modifications are being made and retrofitted to existing engines, with updated hardware targeted for the end of August. BE-4 is in full-rate production for New Glenn and ULA's Vulcan (which shares the engine and thus the valve fix); as of early/mid-August 2026 Blue Origin is retrofitting the modified valve into BE-4 engines already at ULA's Decatur, Alabama factory and at Cape Canaveral, work ULA says is aligned with its own goal of returning the separately-grounded Vulcan (halted since a February 12, 2026 solid-rocket-booster anomaly on USSF-87, unrelated to BE-4) to flight by the end of 2026. New Shepard remains paused for no less than two years, the Blue Moon MK1 'Endurance' lander has completed thermal vacuum testing at NASA Johnson, radio-frequency compatibility testing at Lunar Plant 1, and (per an August 4, 2026 NASA Moon Base update) communications checkouts with TDRSS and the Deep Space Network - with cryogenic propellant-loading tests next - and that same NASA update is the first to explicitly confirm a first-quarter-2027 target, aligning NASA's own materials with the slip trade press had been reporting since the LC-36 explosion; the first Blue Ring vehicle is in integration but launch timing is likewise tied to New Glenn return-to-flight, and TeraWave remains in pre-deployment development for a Q4 2027 start. On July 24, 2026 NASA and Blue Origin agreed to conduct New Glenn second-stage (GS2, twin BE-3U) hot fire testing on the B-2 stand at NASA's Stennis Space Center beginning this fall, giving the program a major test site while LC-36 recovers. In July 2026 Blue Origin closed its first-ever outside fundraising, raising ~$10B at a $130B valuation (Coatue ~$4B, Bezos ~$2B, others ~$4B) to bankroll a target cadence of 100 launches per year against an estimated ~$4.8B 2026 burn - unchanged as of late August 2026, with no new round or IPO reported. As of late August 2026, Blue Origin still had not announced a completed LC-36A rebuild, a finished BE-4 valve retrofit, or a firm NG-4 date; the company continued to reaffirm a return to flight before year-end 2026 while construction proceeded in parallel on the second pad, LC-36B, for the larger New Glenn 9x4. The next New Glenn mission, NG-4 (payload LN-01), is set to loft 48 Amazon Leo broadband satellites - Blue Origin's first Amazon Leo launch and a record single-mission Leo batch - once LC-36A is rebuilt.

Revenue Streams

New Glenn Launch Services

Commercial, civil, and national security orbital launches for customers including Amazon Project Kuiper, AST SpaceMobile, NASA, Eutelsat, and Telesat.

BE-4 Engine Sales

Production of reusable methane-fueled BE-4 engines for Blue Origin's own vehicles and for ULA's Vulcan launch vehicle. Following the May 28, 2026 New Glenn explosion (root-caused Aug 5 to a BE-4 main oxygen valve), Blue Origin is retrofitting the modified valve into BE-4 engines already delivered to ULA at its Decatur, Alabama factory and Cape Canaveral facilities as part of Vulcan's own return-to-flight effort.

Lunar Lander Systems

Blue Moon MK2 human landing system development for NASA's Artemis V lunar landing campaign, plus Blue Moon MK1 cargo-lander delivery services - including a May 2026 NASA CLPS award ($188M, plus a $280.4M option) to deliver Astrolab and Lunar Outpost Lunar Terrain Vehicles to the Moon's south pole in 2028.

New Shepard Space Tourism

Suborbital astronaut flights and research missions flown by New Shepard. The business is paused for no less than two years while resources shift toward lunar development.

Blue Ring In-Space Services

In-space payload delivery, hosting, logistics, and space-domain-awareness missions using the Blue Ring platform for commercial and national security customers.

Mars Telecommunications Network (NASA)

NASA-funded deep-space communications infrastructure: a firm-fixed-price contract worth up to $700M, awarded in 2026, to design, build, launch, and operate a Mars Telecommunications Orbiter built on the Blue Ring platform, delivering it to NASA by December 31, 2028 for network operations at Mars by 2030.

TeraWave Enterprise Connectivity

Planned high-throughput satellite communications services for enterprise, data center, and government customers using Blue Origin's TeraWave network.

Rocket Cargo / Point-to-Point Logistics (REGAL)

Under a U.S. Air Force Research Laboratory REGAL study contract (expanded July 31, 2026 from about $1.3M to roughly $13M), Blue Origin is defining technical and mission requirements for point-to-point military cargo delivery via its launch vehicles - an early-stage, pre-revenue research line alongside Anduril, Sierra Space, and Rocket Lab's parallel REGAL awards.

Quartz Ground Station Network

Ground-station-as-a-service network offering satellite operators communications, tracking and telemetry access, launched August 13, 2026 with RBC Signals as build/hosting partner. First three 3.7-meter S/X-band sites are live in Bermuda, New Zealand and Australia, with a nine-site global buildout planned by year-end.

Key Metrics

Employees

~11,800

Est. Annual Revenue

Private; no recent revenue disclosure. Capstone Partners estimates ~$4.8B 2026 annual spend against ~$30B cumulative Bezos investment since founding. In July 2026 Blue Origin closed its first-ever outside round, raising ~$10B at a $130B valuation (Coatue ~$4B, Bezos ~$2B, others ~$4B) to fund a 100-launch-per-year target. Unchanged as of late August 2026 - no new disclosure, round, or IPO reported.

Valuation

$130B (July 2026, first external round; ~$10B raised) - unchanged; no new round or IPO reported as of September 2, 2026

Cumulative Bezos Investment

~$30B since founding (~$1B/year average; includes the ~$2B Bezos put into the July 2026 outside funding round)

New Glenn Flights

3 (unchanged; NG-4 has not yet flown - FAA grounding lifted May 22, 2026; LC-36 pad rebuild underway after May 28 hotfire explosion, root-caused Aug 5, 2026 to a BE-4 main oxygen valve; no confirmed completion of the valve retrofit or firm NG-4 date as of September 2, 2026; return-to-flight still targeted before year-end 2026)

New Shepard Flights

38 (unchanged; program paused for ≥2 years from Jan 30, 2026, no flights since; multiple outlets report New Shepard is not expected to resume before 2028)

People Flown to Space

98 (unchanged since the program's January 2026 pause)

Research Payloads Flown

200+ (unchanged since the program's January 2026 pause)

Timeline

2026TeraWave satellite constellation announced

Blue Origin unveils TeraWave, a 5,408-satellite broadband network across LEO and MEO delivering up to 6 Tbps for enterprise and government customers, with deployment beginning Q4 2027.

2026New Shepard paused for 2+ years

After 38 flights, 98 humans flown to space, and more than 200 research payloads, Blue Origin pauses New Shepard flights for no less than two years to redirect resources toward its lunar human flight program.

2026New Glenn reuses booster but misses customer orbit; FAA grounds vehicle

New Glenn's third flight (April 19) reuses and lands a first-stage booster, but one of two upper-stage BE-3U engines underperforms during the second burn, leaving AST SpaceMobile's BlueBird 7 in too low an orbit. The FAA issues a launch moratorium, grounding New Glenn pending an investigation that is compounded by separate ground-facility damage.

2026FAA closes NG-3 investigation and clears New Glenn to fly again

On May 22, 2026 the FAA approves Blue Origin's mishap report and lifts the New Glenn grounding. Blue Origin identifies the root cause as a cryogenic leak that froze a hydraulic line, causing an off-nominal thermal condition before the second BE-3U burn and a thrust shortfall. Nine corrective actions are committed before NG-4.

2026Blue Moon MK1 'Endurance' completes thermal vacuum testing at NASA Johnson

Blue Origin's first Blue Moon Mark 1 (Endurance) cargo lunar lander completes environmental testing inside Thermal Vacuum Chamber A at NASA's Johnson Space Center in Houston, with structural and thermal integrity verified ahead of radio-frequency compatibility testing at Lunar Plant 1. Endurance is being prepared for a launch to the lunar south pole later in 2026 on New Glenn.

2026New Glenn explodes on pad LC-36 during hotfire test

On May 28, around 9 p.m. EDT, a New Glenn rocket bursts into a fireball during a static fire test at Cape Canaveral's Launch Complex 36 - Blue Origin's only New Glenn pad. The vehicle was being prepared to launch 49 Amazon Leo satellites as soon as June 4; no injuries are reported, but lightning towers and the transporter erector appear damaged, pushing the next New Glenn flight further into the future.

2026Limp commits to New Glenn return-to-flight before year-end

On June 2, 2026 CEO Dave Limp posts that Blue Origin will fly New Glenn again before the end of 2026 despite the May 28 LC-36 explosion, citing better-than-expected pad damage: the propellant farm, water tower, an additional flight-ready booster, and three nearby upper stages all look in good shape. Blue Origin will pivot to an alternative vertical assembly approach rather than wait for a new transporter-erector and rules out skipping straight to the larger 9x4 New Glenn variant.

2026Blue Origin weighs first-ever outside fundraising

Reporting in mid-May 2026 (GeekWire, TechCrunch, The Next Web) reveals that, after 26 years funded almost entirely by Jeff Bezos's annual ~$1B Amazon stock sales, Blue Origin is now exploring its first outside investment round. CEO Dave Limp tells staff that scaling to roughly 100 launches per year will require more capital than a single investor can provide. Capstone Partners estimates Blue Origin will spend ~$4.8B in 2026 with cumulative investment approaching $28B, amid a SpaceX IPO push that is reframing investor appetite for the sector.

2026NASA taps Blue Origin to deliver first Moon Base lunar rovers

On May 26, 2026 NASA selected Blue Origin for two Commercial Lunar Payload Services task orders - worth $188M with a $280.4M option period - to deliver the first Lunar Terrain Vehicles to the Moon's south pole using Blue Moon Mark 1 landers launched on New Glenn. NASA is separately funding the rovers themselves: Astrolab's crewed CLV-1 ($219M) and Lunar Outpost's Pegasus ($220M), both LTVs targeted to launch in 2028 under the agency's Moon Base Phase One initiative. Blue Origin has begun work on two additional Blue Moon Mark 1 landers for the deliveries and, per July 2026 reporting, has insulated the lander program from the LC-36 pad-recovery effort by continuing risk-reduction testing on schedule.

2026Space Force awards Blue Origin first NSSL Phase 3 Lane 1 NRO mission

On May 28, 2026 - hours before the LC-36 hotfire explosion - the U.S. Space Force awarded Blue Origin its first National Security Space Launch Phase 3 Lane 1 task order (NRO Task Order-4), directing a National Reconnaissance Office satellite launch from Cape Canaveral in Q4 2027 or Q1 2028. Lane 1 is reserved for missions that can accept greater schedule and performance risk than the military's most critical payloads, giving Blue Origin an entry point into national security launch while New Glenn recovers. A May 29 Space Force press release confirmed it remains a 'committed partner' and that the ground-test explosion does not trigger disqualification under Phase 3 rules.

2026LC-36 pad rebuild underway; Bezos and Limp report 'good progress'

Through mid-June 2026 Blue Origin begins rebuilding Launch Complex 36 after the May 28 hotfire explosion, with Jeff Bezos and CEO Dave Limp saying around June 17 that recovery is making good progress. The company reports that the propellant tanks and a processing hangar survived the blast and that the damaged main support gantry can be repaired in place, keeping a New Glenn return to flight before the end of 2026 - and a Blue Moon MK1 'Endurance' lunar launch this year - on the table.

2026Blue Origin details crane-based CONOPS for New Glenn return to flight

On June 30, 2026 Blue Origin outlined a redesigned launch-pad concept of operations for returning New Glenn to flight after the May 28 LC-36 explosion. Rather than replace the destroyed transporter-erector, the company will mate the rocket's stages horizontally in the integration facility, roll the integrated vehicle to the pad, and use a crane to raise it vertical, installing the payload only after the rocket is upright - an approach it says also increases long-term flight cadence. Blue Origin reiterated it aims to return New Glenn to flight by the end of 2026, and NASA Administrator Jared Isaacman called its response 'almost beyond impressive.'

2026LC-36 debris cleared; hybrid recovery targets LC-36A this year, LC-36B in 2027

By early July 2026 Blue Origin said hardware recovery and debris removal at Launch Complex 36 were complete and reconstruction had begun following the May 28 hotfire explosion. Under the hybrid horizontal-integration/crane-erect plan, the company aims to have a rebuilt LC-36A ready by the end of 2026 for New Glenn's return to flight, and expects a second pad, LC-36B, in service by late 2027 to raise long-term launch cadence. Blue Origin reiterated it has insulated the Blue Moon lunar-lander program from the pad-recovery effort so risk-reduction testing continues on schedule.

2026Blue Origin raises ~$10B at $130B valuation in first outside round

On July 8, 2026 Blue Origin was reported to have raised about $10 billion at a $130 billion valuation - its first-ever external fundraising round after 26 years funded almost entirely by Jeff Bezos. Coatue Management committed roughly $4 billion and Bezos himself about $2 billion, with other large institutional investors covering the remaining ~$4 billion. The raise turns the company's long-signaled openness to outside capital into a concrete round, coming after the late-May New Glenn hotfire explosion and amid surging investor appetite for space following SpaceX's record IPO. The capital is earmarked for Blue Origin's heavy-lift rockets, lunar landers, and satellite constellations as Limp chases a ~100-launch-per-year cadence.

2026NASA and Blue Origin agree to New Glenn GS2 hot fire testing at Stennis

On July 24, 2026 NASA and Blue Origin announced an agreement to conduct hot fire testing of New Glenn's second stage (GS2) - powered by a pair of BE-3U engines burning liquid hydrogen and liquid oxygen for a combined ~400,000 lbf of vacuum thrust - on the historic B-2 test stand at NASA's Stennis Space Center in Mississippi, with testing targeted to begin this fall. The move follows the severe LC-36 damage from the May 28, 2026 hotfire explosion; NASA supplies engineers, specialized equipment, and facility modifications to ready the B-2 stand for the hydrogen-fueled stage, framing the partnership as advancing Artemis-related capability while Blue Origin's Cape Canaveral pad recovers.

2026NASA overhauls Artemis architecture, delays first Moon landing to Artemis IV

On February 27, 2026 NASA announces a restructured Artemis architecture: Artemis III becomes a crewed low-Earth-orbit test flight in which Orion docks in turn with prototype human landing systems rather than a lunar landing, and the program's first crewed Moon landing moves to Artemis IV, targeted as soon as early 2028, with Artemis V (a second landing beginning lunar-base construction) as soon as late 2028. NASA leaves open whether Blue Origin's Blue Moon Mark 2 or SpaceX's Starship HLS flies the program's first landing, to be decided based on Artemis III performance.

2026NASA names Artemis III crew for LEO lander docking test

At a June 9, 2026 event at Johnson Space Center, NASA announces the crew for the restructured Artemis III mission, in which an Orion spacecraft will dock in Earth orbit in turn with prototypes of Blue Origin's Blue Moon Mark 2 and SpaceX's Starship human landing systems, validating crew transfer and docking ahead of the program's first Moon landing on Artemis IV.

2026Air Force expands Blue Origin rocket cargo study to ~$13M

On July 31, 2026 the Air Force Research Laboratory adds $11.7 million to Blue Origin's REGAL (Rocket Experimentation for Global Agile Logistics) contract, growing it from about $1.3 million to roughly $13 million, to define technical and mission requirements for adapting Blue Origin vehicles to point-to-point military cargo delivery. Work is expected to run through October 2027; Anduril, Sierra Space, and Rocket Lab hold parallel REGAL awards.

2026Blue Origin pins May 28 explosion on BE-4 oxygen valve

On August 5, 2026 CEO Dave Limp said hardware recovery and inspection confirmed the May 28 LC-36 hotfire explosion originated at the main oxygen valve on one of the BE-4 engines. Blue Origin is making small modifications to the valve that can be retrofitted to existing engines, with updated hardware ready by the end of August; the fix affects ULA's Vulcan as well, since it also flies the BE-4, and ULA has said it is collaborating with Blue Origin on the investigation. Blue Origin still targets returning New Glenn to flight by year-end 2026.

2026BE-4 valve fix extends to ULA's grounded Vulcan fleet

Following the August 5, 2026 root-cause finding, Blue Origin begins retrofitting the modified BE-4 main oxygen valve into engines already delivered to ULA at its Decatur, Alabama factory and at Cape Canaveral. ULA has been separately grounded since a February 12, 2026 solid-rocket-booster nozzle burn-through on the USSF-87 mission (unrelated to BE-4), and says the BE-4 retrofit work is aligned with its own goal of returning Vulcan to flight before the end of 2026.

2026Launches Quartz ground station network

On August 13, 2026 Blue Origin said it has begun a global rollout of Quartz, a new ground-station network for satellite communications, tracking and telemetry, with the first three 3.7-meter S-band and X-band antennas installed and tested in Bermuda, New Zealand and Australia as part of a nine-site buildout planned by year-end. The network is built with partner RBC Signals, whose existing Global Ground Station Network will host the new sites and resell unused capacity to other satellite operators, giving Blue Origin a new ground-infrastructure business line alongside its launch, lander and connectivity programs.

2026Begins construction on second pad, LC-36B, for New Glenn 9x4

On August 14, 2026 Blue Origin said it has begun construction of a second launch pad at Cape Canaveral's Launch Complex 36, renaming the rebuilt existing pad LC-36A (serving the current New Glenn 7x2) and building new LC-36B to host the larger New Glenn 9x4 variant. The buildout includes a new Vertical Integration Facility and, built in partnership with the U.S. government, a Payload Processing Facility supporting both New Glenn variants and other National Security Space Launch providers on the Eastern Range; Blue Origin is sourcing about 2,500 tons of steel to assemble the roughly 700-foot launch tower.

2026Details $160M Cape Canaveral payload processing facility

On August 26, 2026 Space Florida's investment committee heard that Blue Origin plans a 140-foot-tall, 125,000-square-foot payload processing facility at Cape Canaveral Space Force Station, a $160 million capital project expected to create 23 jobs at an average salary of about $115,000. Space Florida management proposed up to $2.5 million in Florida DOT Spaceport Improvement Program matching funds, with the board scheduled to vote in early September, as Blue Origin rebuilds Launch Complex 36 after the May New Glenn pad explosion.

2026Adds Titusville staging area and airport terminal lease

The Titusville-Cocoa Airport Authority approved a temporary nine-acre staging-area agreement with Blue Origin along Challenger Avenue at Space Coast Regional Airport, running through June 30, 2027 at $16,880 per month, to accommodate the contractor buildout tied to the Launch Complex 36 rebuild. A pending follow-on agreement would have Blue Origin lease the airport's former terminal building for further property improvements, adding to its existing Merritt Island manufacturing and Cape Canaveral launch footprint.

2026Breaks ground on Cape Canaveral payload processing facility

On August 31, 2026 Blue Origin held a groundbreaking for its new payload processing facility at Cape Canaveral Space Force Station - roughly 120,000 square feet with four payload-processing bays, two encapsulation bays, and four multi-manifest bays, sized to support up to 16 missions a year for both government and commercial customers (other launch providers included). The project traces to a $78.25M Space Force NSSL Space Vehicle Processing award to Blue Origin in October 2025, combining with Blue Origin's own investment for a reported ~$160M total; initial operational capability is targeted for early 2027. This is the same project Space Florida's investment committee reviewed for state matching funds on August 26, 2026 (there described as 125,000 sq ft), now physically under construction alongside the ongoing Launch Complex 36 rebuild.

2026NASA awards $700M Mars Telecommunications Network contract

NASA selects Blue Origin as the provider for its Mars Telecommunications Network, a firm-fixed-price contract with a maximum potential value of about $700 million, following a request for proposal issued in May 2026 (Blue Origin beat Rocket Lab for the award). Blue Origin must deliver a Mars Telecommunications Orbiter (MTO) to NASA no later than December 31, 2028, with the network expected operational at Mars by 2030. The MTO is built on Blue Origin's Blue Ring in-space mobility platform (hybrid solar-electric/chemical propulsion, roll-out solar arrays) and will carry multiple steerable high-rate links plus a wide-area beam to relay science data, imagery, and navigation and communications support for current and future NASA Mars missions, managed under NASA's Space Communications and Navigation (SCaN) program.

2025New Glenn reaches orbit on first launch

New Glenn launches for the first time from Cape Canaveral on January 16, 2025, reaching orbit and deploying the Blue Ring Pathfinder payload. Booster landing attempt unsuccessful.

2025NASA awards VIPER lunar delivery task order

NASA awards Blue Origin a CLPS task order with a total potential value of $190 million to deliver the VIPER rover to the Moon's south pole in late 2027 using a Blue Moon Mark 1 lander.

2025NSSL Phase 3 Lane 2 contract

The U.S. Space Force awards Blue Origin a National Security Space Launch Phase 3 Lane 2 contract with an anticipated value of about $2.386 billion. Blue Origin is projected to receive seven missions starting in order year 2 as it completes eligibility milestones.

2025New Glenn booster landing success

On its second flight (NG-2) in November 2025, New Glenn successfully lands its first-stage booster on the drone ship Jacklyn while deploying NASA's ESCAPADE Mars probes - a historic achievement on only the rocket's second attempt.

2025New Glenn 9x4 super heavy variant announced

Blue Origin unveils the New Glenn 9x4 roadmap variant, designed to carry more than 70 metric tons to low Earth orbit with a larger 8.7-meter fairing alongside the existing 7x2 vehicle.

2024BE-4 powers Vulcan Centaur's maiden flight

BE-4 engines power ULA's Vulcan Centaur on its inaugural flight in January 2024, the first American-made oxygen-rich staged combustion engine to fly.

2023NASA awards $3.4B Blue Moon contract

NASA selects Blue Origin to develop its Blue Moon human landing system for Artemis V. The contract includes an uncrewed lunar demonstration mission before a crewed Artemis V landing in 2029.

2022Honeybee Robotics acquisition

Blue Origin announces Honeybee Robotics will join the company, adding planetary robotics, drills, and mechanisms expertise for lunar surface operations.

2021First crewed New Shepard flight

Jeff Bezos and three crew members fly to space on New Shepard's first crewed mission (NS-16).

2015New Shepard lands vertically

New Shepard becomes the first rocket to fly to space and land vertically for reuse.

2000Founded

Jeff Bezos founds Blue Origin with a vision of enabling millions of people to live and work in space.

Funding

Cumulative disclosed raise · dated rounds

$20B$40B$60B200020052010201520202025$44B raised
RoundDateAmountInvestorsSource
First External RoundJuly 2026~$10B at $130B valuationCoatue (~$4B), Jeff Bezos (~$2B), and other large investors - Blue Origin's first-ever outside round after 26 years of near-total Bezos self-funding
Founder funding2000–present~$28B cumulative (Capstone est., May 2026)Jeff Bezos (personal investment funded largely by ~$1B/year Amazon stock sales; ~$4.8B 2026 burn rate)
NASA HLS contract2023$3.4BNASA (Artemis program)
NASA VIPER task order2025$190M potential valueNASA (CLPS / VIPER delivery)
NASA LTV delivery task orders2026$188M (+$280.4M option)NASA (CLPS - Astrolab & Lunar Outpost Lunar Terrain Vehicle delivery via Blue Moon Mark 1)
NSSL Phase 3 Lane 22025$2.386B anticipated valueU.S. Space Force (IDIQ contract; projected Phase 3 missions starting in order year 2)

/ Related Companies

All Rockets
CASC logo

CASC

Rockets +4

China Aerospace Science and Technology Corporation (CASC) is the state-owned prime contractor for China's space program and the world's most prolific launch organization by missions flown. Wholly owned by the central government through SASAC and led by chairman Chen Mingbo, it develops and operates the Long March (Changzheng) rocket family - which flew its 661st cumulative mission on August 4, 2026, delivering a 23rd batch of GuoWang broadband satellites - along with the Shenzhou crewed spacecraft, Tianzhou cargo vehicles, the Tiangong space station, BeiDou navigation and GuoWang broadband satellites, the Chang'e lunar and Tianwen planetary probes, and China's strategic missiles. After a national-record 73 launches in 2025, CASC is targeting over 100 launches in 2026 amid an industry-wide national push toward ~140, debuted the partially reusable Long March 12B in June 2026, and saw its Tianwen-2 probe reach the quasi-moon asteroid Kamo'oalewa on July 6, 2026. On July 10, 2026 it made China the second nation ever to recover an orbital rocket first stage, when the new single-stick, partially reusable Long March 10B flew its maiden mission from Hainan and captured its booster in a sea-based net - a landmark step toward closing the reusability gap with SpaceX, with a reflight of the recovered booster still targeted before the end of 2026. That momentum was interrupted on August 10, 2026, when a Long March 7A broke apart shortly after liftoff and lost its satellite payload - only the vehicle's second failure ever - triggering an engine investigation that put a question mark over the timing of Chang'e 7; CASC kept other Long March variants flying through the investigation, with a Long March 5B launching an eighth GuoWang satellite batch on August 13, 2026, and on August 19, 2026 rolled the Chang'e-7 probe and its Long March 5 (Y14) rocket out to the Wenchang pad ahead of a planned August 24, 2026 launch, but the mission was then postponed by Typhoon Narra and, per an August 23 China Manned Space Agency statement, cannot fly within the 2026 window at all - multiple outlets report a possible slip into 2027 - with no root cause or formal fleet clearance yet announced for the 7A investigation either. CASC is also advancing the triple-core Long March 10 toward a crewed Moon landing before 2030: the Long March 10A's own orbital debut is separately reported to carry a lunar navigation satellite ahead of the uncrewed Mengzhou 1 capsule test, still targeted around September 2026 but flagged in one report as at risk of slipping into early 2027.

Rocket Lab logo

Rocket Lab

Rockets +3

Rocket Lab is an end-to-end space company spanning launch, hypersonic test launch, spacecraft, payloads, satellite components, laser optical communications, and space robotics, with total headcount reaching 3,217 by the end of Q2 2026 after the Mynaric and Motiv acquisitions. Electron remains the second most frequently launched U.S. rocket - Rocket Lab reached 94 missions with the September 2, 2026 'Owl Around the World' Synspective StriX launch, following the August 21 'Lightning God Defends' iQPS flight, putting it on track for a record year and its 100th launch - and Rocket Lab is developing the medium-lift Neutron rocket for constellation, national-security, and exploration missions; first launch is still guided to Q4 2026, though CEO Peter Beck told analysts on the August 10 earnings call that the end-of-year window is narrowing and a slip into 2027 is a real possibility. The company posted record Q1 2026 revenue of $200.3M and record Q2 2026 revenue of $234M (+62% YoY), guiding to $250M-$265M in Q3 2026 revenue, and completed the $155.3M Mynaric and the Motiv Space Systems acquisitions in April and May 2026 to add laser comms, a European footprint, and Mars-proven robotics in-house. On May 27, 2026 Rocket Lab cleared the System Requirements Review for the Space Development Agency's $816M Tracking Layer Tranche 3 missile-defense constellation, taking total SDA awards above $1.3B, and on June 22, 2026 the company joined the Nasdaq-100 Index. On June 29, 2026 Rocket Lab announced its largest-ever deal - an agreement to acquire satellite-communications operator Iridium Communications for about $8B in cash and stock ($54.00/share, roughly half cash and half Rocket Lab stock), adding an operational 66-satellite L-band constellation, ~2.55M subscribers, $871M of 2025 revenue, and globally harmonized spectrum; the deal has since cleared U.S. antitrust review, Rocket Lab filed a Form S-4 registration statement and a $1.94B at-the-market equity program to help fund the cash portion and reduce its $3.6B bridge loan, and Iridium stockholders are set to vote at a September 24, 2026 special meeting, with closing still expected in mid-2027. On July 27, 2026 Rocket Lab won a $266M U.S. Space Force RSLP contract for 12 (plus an option for six more) HASTE suborbital missile-defense launches through 2028, opening a fourth launch pad at Kodiak, Alaska, and on August 4, 2026 the U.S. Space Force awarded Rocket Lab a $397M contract under the Space-Based Airborne Moving Target Indicator program to build, launch on the still-unflown Neutron rocket, and operate 'Flatellite' tracking satellites. Rocket Lab also added a second GEO satellite production award (Viasat's PTS-G program, August 17), was onboarded to the Space Force's $981M-ceiling NITE-STAR space test infrastructure IDIQ (August 17), and was selected for the Space Force's Space Data Network Consortium with $12M in initial delivery orders (August 18). On August 10, 2026 Rocket Lab reported record Q2 backlog of $2.36B and unveiled GHOST, a containerized Deployable Launch System giving Electron and HASTE launch-anywhere responsive capability, with its first site standing up at Kodiak, Alaska.

Boeing logo

Boeing

Rockets +2

Boeing is one of the world's largest aerospace companies, spanning commercial airplanes, defense and space systems, and aftermarket services. The 2026 turnaround gathered pace through the first half of the year: 314 commercial deliveries in H1 2026 (its best first half since 2018), a Q2 net loss of $428M on $24.6B of revenue that nonetheless produced the company's first positive free cash flow quarter (+$631M) in over a year, and a record total backlog of $715B including more than 6,200 commercial aircraft. The 737 MAX line reached rate 47 per month in May 2026 and gained a fourth final-assembly line - the Everett 'North Line' - in July, with rate 52 targeted for early 2027. At the Farnborough Airshow (July 20-24, 2026) Boeing booked 170+ aircraft led by SMBC's 100-jet 737 MAX order, while the long-delayed 777X neared its certification finish line even as Emirates declined to accept the first 10-11 early-build 777-9s over their age and GE Aerospace temporarily paused GE9X engine shipments pending a durability fix. The FAA certified the 737 MAX 7 on August 3, 2026, clearing the smallest MAX variant after nearly a decade of review, and on August 10 Boeing agreed to sell its Wisk Aero, Insitu, and SkyGrid subsidiaries to Archer Aviation for a near-20% equity stake. July's delivery pace cooled to 53 aircraft (down 17% from June and now trailing Airbus by 51 aircraft year-to-date, 367 vs 418), and on August 21 Boeing's roughly 17,000 SPEEA-represented engineers and technicians rejected the tentative contract their own bargaining councils declined to endorse (64.3% and 71.9% against, respectively) and authorized a strike if no new deal is reached before the current contracts expire October 6. Boeing shares fell about 7.5% on the news, cutting market cap to roughly $170B (from ~$183B in mid-August). On August 26 the FAA finalized an airworthiness directive requiring inspections of certain 787 Dreamliners over shim gaps at lower side-of-body splice plates. Boeing remains one of the two central global commercial-jet manufacturers alongside Airbus, with its trajectory now hinging on sustaining the 737 ramp without reintroducing defects, closing out 737 MAX 10 certification, avoiding an engineers' strike, and steering the 777X's remaining ETOPS testing toward 2027 certification.

CAS Space logo

CAS Space

Rockets +2

CAS Space (Zhongke Aerospace) is a 2018 commercial spinoff majority-owned by the Chinese Academy of Sciences, led by founder and chairman Yang Yiqiang - former chief commander of the state Long March 11 solid rocket. Headquartered in Guangzhou, it operates the solid-fuel Kinetica-1 (Lijian-1), one of China's most-flown commercial rockets with 15 launches and 14 successes since 2022 (carrying 110 satellites - the first Chinese commercial rocket to top 100), and has committed to a monthly Kinetica-1 cadence for the second half of 2026. In March 2026 it successfully debuted the medium-lift kerolox Kinetica-2 (Lijian-2), a three-core, nine-engine rocket; its second flight, carrying 18 Qianfan constellation satellites, slipped from a September target to October 2026, with the Y2 vehicle departing CAS Space's Guangzhou factory for Jiuquan on August 26, 2026. The company holds ~63% of China's private launch market by volume. CAS Space filed for a $607M IPO on the Shanghai STAR Market in April 2026 at a target valuation of ~15 billion yuan (~$2.1B); the Shanghai Stock Exchange accepted the application, and on June 29, 2026 CAS Space refreshed its prospectus, disclosing full-year 2025 revenue of ~277M yuan against a ~1.12B yuan net loss and setting a 2029 profitability target for the first time. The application has since cleared the exchange's listing-committee review, with final CSRC registration, share pricing, and a trading date still pending as of early August 2026. It is scaling output at a new Zhejiang 'super factory' and developing first-stage reusability via the in-house Kinecore-2 engine (110 tf), which completed a 620-second cumulative long-duration qualification test - including a 400-second single burn, a new stability record - on June 30, 2026, en route to a phased plan targeting full first-stage recovery by Kinetica-2's tenth flight around 2028.

Firefly Aerospace logo

Firefly Aerospace

Rockets +2

Firefly Aerospace is a public space and defense company that launches the Alpha small-lift rocket, is co-developing the Eclipse medium-lift vehicle with Northrop Grumman, flies Blue Ghost lunar landers, and builds Elytra orbital vehicles for maneuvering, communications, imaging, and other cislunar services. After becoming the first commercial company to complete a fully successful Moon landing, Firefly expanded further into defense software and data systems through its SciTec acquisition, which won a U.S. Space Force Space-Based Interceptor OTA agreement in May 2026 and a $5.5M Air Force CBC2 data-fusion option in June 2026 as part of the Golden Dome architecture. Firefly doubled its Cedar Park campus to 144,000 sq ft to industrialize Blue Ghost and Elytra production, closed a 12M-share follow-on at $48/share on June 1, 2026, and - per June 23, 2026 Reuters reporting - is set to secure a ~$110M EXIM loan to fund further Texas production expansion. In July 2026 Firefly also won a $13M NASA JPL subcontract - the first out of its new Gloworks innovation lab - to build the aeroshell for NASA's SkyFall Mars helicopter mission, extending it into planetary entry-descent-and-landing hardware. On August 11, 2026 Firefly reported record Q2 2026 revenue of $117.7M (up 659% YoY, its first quarter above $100M) and ~$1.5B backlog, reaffirmed full-year guidance of $420M-$450M, and said the first full Alpha Block II flight (Flight 8) has slipped from a late-summer target to Q4 2026. The same day SciTec won a $93.7M Space Force contract to digitize ground-based radar systems and Firefly extended its Lockheed Martin multi-launch deal to up to 25 Alpha missions through 2031; CEO Jason Kim said in late August that Alpha production is at an all-time high even as launch cadence continues to lag sustained, industry-wide demand for launch capacity.

SpaceX logo

SpaceX

Rockets +2

Space Exploration Technologies Corp. (SpaceX) designs, manufactures, and launches reusable rockets and spacecraft. The company operates Falcon 9, Falcon Heavy, Dragon, Starlink, and the government-focused Starshield line while continuing to develop Starship for high-cadence heavy-lift missions to the Moon, Mars, and beyond. Starlink crossed 12 million customers across 160+ countries on June 4, 2026 and the constellation now exceeds 10,400 working satellites in orbit. Following the February 2026 xAI merger, SpaceX also operates the Memphis Colossus supercomputers as an AI hyperscaler, disclosing $14.1B of new Cloud Services Agreements signed in Q2 2026 alone (on top of the Anthropic, Google, and Reflection AI compute deals). SpaceX completed the largest IPO in history on June 12, 2026, debuting on Nasdaq under ticker SPCX at its fixed $135-per-share price for a roughly $1.77 trillion valuation and about $75B in proceeds, with Elon Musk retaining ~82% voting control; SPCX slid as low as $107.01 in late July before rebounding to close above its $135 IPO price on August 10, 2026 for the first time since mid-July. Starship returned to flight after the FAA closed the Flight 12 mishap investigation on July 13, 2026: on July 24, 2026 Flight 13 - the second flight of the Version 3 vehicle - deployed the program's first 20 operational Starlink V3 satellites and made the softest ship splashdown yet, and recovery crews towed the intact upper stage (Ship 40) through rough seas to Christmas Island, Australia by August 18, 2026 - the first Starship upper stage ever recovered intact after flight - before the semi-submersible vessel Forte departed Christmas Island on August 28, 2026 to carry it roughly 20,000 km back to Starbase, Texas. Days after its IPO, SpaceX agreed on June 16, 2026 to acquire AI coding startup Cursor's parent Anysphere for $60B in an all-stock deal - the largest acquisition of a venture-backed startup ever - and closed the deal on August 15, 2026, ahead of its late-August target, giving Cursor access to SpaceX's GPU fleet including the Colossus supercomputer. SpaceX posted its first earnings as a public company on August 4, 2026 (Q2 revenue of $7.8B, up 92% year over year, narrowing its net loss to $541M), and on August 11 Elon Musk told employees SpaceX's AI compute business would exceed all its other revenue by September 2026 and account for 99% of the company's value within five years, targeting 10 gigawatts of AI compute capacity - up from 1.4 GW at the end of Q2 - by the end of 2027. On August 25 SpaceX announced a $100 billion Starbase Louisiana spaceport in Vermilion Parish, with construction expected in 2027 and a first launch targeted as soon as 2029. A Falcon Heavy flew its 13th mission on August 30, 2026, launching NASA's Roman Space Telescope with both side boosters landing intact at Cape Canaveral, a day after NASA and SpaceX postponed the planned September 12 Crew-13 ISS launch when an oxidizer leak was found in Dragon's propulsion system during prelaunch processing. A mid-August 13F filing also disclosed Nvidia holds roughly $21B of SpaceX stock via its earlier xAI investment, as SpaceX committed on its August 4 earnings call to building its future AI compute exclusively on Nvidia's Vera Rubin architecture. SPCX shares climbed about 7% to close at $150.84 on September 3, 2026 after Oppenheimer raised its price target to $280 from $250 on growing confidence in the AI-compute business, with investors also looking ahead to the approaching Starship Flight 14 test.