The Orbital infra stack.
Launch, satellite, optical-comms and propulsion — plus the defense primes that supply structures and electronics. 22 listed names scored on the locked Photoncap 10-section template.
The space economy mirrors the AI supply chain: hyperscalers (the constellations), capital-intensive bottlenecks (launch slots, ground-segment optics, specialty propulsion), and a long-tail of pick-and-shovel suppliers. The v1 deep dive separates the pure-play winners from the defense-prime optionality and the hedge-ETF basket.
★ Live signal: Space coverage pending — research bench under construction; no setup cards today.
Highest research conviction space names.
Names where capacity tightness, customer-pull and valuation gap converge. Research tier only; check active buy signals below for current entry timing.
Fundamentals and technicals aligned.
Names where research conviction meets a live technical entry. These are actionable now.
Space stocks just got their own Tesla moment.
Tema's NASA ETF crossed $1B AUM in 3 months on SpaceX IPO speculation — the fastest sector ETF launch on record. RKLB Neutron pad complete, first launch H2 '26. ASTS Verizon + AT&T direct-to-cell live in 17 markets. Lockheed (LMT) + Northrop (NOC) Golden Dome contracts ramping. The thesis: orbital infra is no longer pre-revenue — it's a capex super-cycle with US defense + commercial tailwinds aligned for the first time since Apollo.
From launch to orbital service.
Five buckets — pure-plays, defense primes, adjacent suppliers, hedge ETFs and one private-tech proxy. Each carries its own catalyst calendar and supplier concentration profile.
Space pure-plays ★.
10 names in this bucket.
Defense primes.
3 names in this bucket.
Adjacent suppliers.
4 names in this bucket.
Hedge ETFs.
4 names in this bucket.
Build · Trim · Coiled.
Three rotating buckets from the latest scan + Space MASTER overlay. Each card carries entry · stop · invalidation grounded in the space-supply-chain physics.