The new space race isn't one market - it's five. From commoditising Earth orbit to pre-revenue deep space, each layer has its own capital, maturity, and risk profile. We break down where the real money is moving now, why the Moon is industrial policy rather than a market, and the fastest-growing layer - security, sovereignty and regulation - which most CXOs are missing entirely.

Satellite ownership has become the default measure of space sovereignty - but it's the wrong question. This insights breaks down a three-tier framework (full-stack, space-segment, and sovereignty-as-a-service) for understanding what "sovereign space" actually requires, and why the infrastructure underneath the satellite may matter more than the satellite itself.

Over the last 5-6 years, a new generation of venture-backed companies has emerged to build the infrastructure layer of the orbital economy. Below we discuss 30 companies in this space that are making a difference.

As SAR constellations reshape Earth observation, super-resolution and intelligent enhancement are becoming the key to unlocking their full value. Here's why the next competitive edge in EO won't come from capturing more imagery, but from making it more useful - through AI usage in imagery