SPACE SEMIS & ALLOYS · OPERATOR PROFILE · DATA AS OF 2026-05-14

Space Forge

Active Space Semis & Alloys Private HQ: Cardiff, Wales, UK Founded 2018

In-space manufacturing via returnable satellites for advanced materials production in microgravity.

40.2

ARI Composite

Very High Risk

#13 of 17

Peer Rank

Infrastructure cohort

—

Total Launches

No flights tracked

—

Estimated valuation

Not disclosed

FINANCIAL HEALTH

40.2

ARI composite · Very High Risk

Peer rank#13 of 17

Peer groupInfrastructure

Data coverage75%

Full finance profile →

SECTOR POSITION

Primary sectorSpace Semis & Alloys

Rank within sector#13 of 17

Tracked peers17

REGISTRY DATA

Legal nameSpace Forge Ltd.

OwnershipPrivate

HeadquartersCardiff, Wales, UK

CountryGB

Founded2018

FounderJoshua Western, Andrew Bacon

CEOJoshua Western

AliasesSpace Forge

Key programsForgeStar (returnable satellite)

Gov customersESA, UK Space Agency

Last fundingSeries A

IPO statusPre-IPO

Source: space_company_registry.json · Operator homepage → · Space Forge corporate press page documents the June 2025 ForgeStar-1 launch on SpaceX Transporter-14 (UK's first in-space manufacturing satellite), March 2026 in-orbit subsystem demonstration, and fun

METHODOLOGY

Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.

Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.