AstraVeris · Quarterly Benchmark · 2026 Q1

State of the Space Industrial Base — 2026 Q1

Executive Summary

Pending analyst review. The narrative summary is held until the quarter's structured data below has been independently verified against primary sources. Refer to the Concentration Snapshot, SAI-Tier Heatmap, and Reliability tables for the underlying readings; the editorial framing will be added to this section once review is complete.

Concentration Snapshot (HHI)

Operator concentration (launches)
0.2325
Moderate
Top: spacex (44.9%) — 17 players
Vehicle concentration (flights)
0.2191
Moderate
Top: falcon-9 (44.9%) — 28 players
Contract concentration ($USD)
0.0504
Low
Top: DATA NETWORKS, INC. (14.0%) — 64 players
SBIR concentration ($USD)
0.0938
Low
Top: INTERLUNE CORPORATION (20.7%) — 21 players

SAI-Tier Concentration Heatmap

TierNameHHIBandTop OperatorTop ShareNotes
Tier 0Raw Materials & Basic InputsNo launch-derived factors in this tier
Tier 1Components & SubsystemsNo launch-derived factors in this tier
Tier 2System Integrators0.6899Highspacex82.8%
Tier 3Services & InfrastructureNo launch-derived factors in this tier
Tier 4End Users & DownstreamNo launch-derived factors in this tier
Tier 5Workforce & EducationNo launch-derived factors in this tier

Top 10 — Operators & Vehicles

Most-active operators

#PlayerFlightsShare
1spacex3144.9%
2sast68.7%
3rlabn68.7%
4us57.2%
5calt45.8%
6fka45.8%
7czhj22.9%
8prc22.9%
9xido11.5%
10vvko11.5%

Most-flown vehicles

#PlayerFlightsShare
1falcon-93144.9%
2electron68.7%
3soyuz-2-1b34.3%
4chang-zheng-6a22.9%
5chang-zheng-2c22.9%
6jielong-322.9%
7soyuz-2-1a22.9%
8gushenxing-111.5%
9chang-zheng-2f11.5%
10chang-zheng-1211.5%

Top 10 — Contract Recipients

Largest prime-contract recipients

#PlayerUSDShare
1DATA NETWORKS, INC.$20.2M14.0%
2THE JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY LLC$15.4M10.6%
3JJR SOLUTIONS LLC$7.1M4.9%
4L3HARRIS TECHNOLOGIES, INC.$6.9M4.8%
5CALIFORNIA INSTITUTE OF TECHNOLOGY$6.9M4.7%
6UNITED LAUNCH SERVICES, LLC$6.3M4.3%
7GENERAL ATOMICS AERONAUTICAL SYSTEMS, INC.$6.2M4.3%
8THE MITRE CORPORATION$5.8M4.0%
9BVG & CO CONSULTING LLC$4.2M2.9%
10ASTROTECH SPACE OPERATIONS, LLC$3.9M2.7%

Largest SBIR recipients

#PlayerUSDShare
1INTERLUNE CORPORATION$6.9M20.7%
2COOLCAD ELECTRONICS, INC.$3.5M10.5%
3SIBEL HEALTH INC.$3.5M10.5%
4IST RESEARCH, LLC$3.0M9.1%
5NOOKS LLC$2.9M8.7%
6INNSIGHTFUL INC$2.0M6.0%
7IMPULSE SPACE, INC.$1.3M3.9%
8INTACT SOLUTIONS, INC$1.2M3.6%
9APTIMA INC$1.2M3.6%
10INFERLINK CORP$1.2M3.6%

Operator Reliability — Trailing Quarter (Wilson 95%)

OperatorSuccessesRate95% Wilson
spacex31/31100.0%[89.0% — 100.0%]
sast6/6100.0%[61.0% — 100.0%]
rlabn6/6100.0%[61.0% — 100.0%]
us5/5100.0%[56.5% — 100.0%]
calt4/580.0%[37.5% — 96.4%]
fka4/4100.0%[51.0% — 100.0%]
czhj2/2100.0%[34.2% — 100.0%]
prc2/2100.0%[34.2% — 100.0%]
xido1/250.0%[9.4% — 90.5%]
vvko1/1100.0%[20.6% — 100.0%]

Grant Pipeline

FY2026 to date
$2.69B
FY2025 full year
$13.20B
YoY delta
-79.6%

Methodology

HHI is reported on the 0-1 scale (multiply by 10,000 for the US DOJ convention). Bands: Low (<0.15), Moderate (0.15-0.25), High (>0.25). Reliability uses the Wilson score interval at z=1.96. Launch attempts counted: success, partial_failure, failure. See /methodology/ for full definitions, source attribution, and the AstraVeris SAI weighting scheme.

Cite as: AstraVeris, State of the Space Industrial Base, 2026 Q1. astraveris.ai/benchmarks/2026-Q1