1 · At a glance
ARI is an 11-factor risk composite on a 0–100 scale; confidence-tagged at every factor so thinly-sourced companies don’t drag the average. Weights and rationale are public on the methodology page.
2 · What you get every Tuesday
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The AstraVeris ViewA 2-paragraph opinionated thesis on where the space industry is heading and why this week’s news matters. Takes a position, supports with evidence, closes with a concrete allocation implication. Written the way a senior analyst would brief an IC, not a press office.
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Deep Dive600–900 words, one company or sector per week. Thesis-driven. Primary path uses Claude Sonnet; falls back to local Gemma 4 on any Claude failure so the section never skips. Every claim is sourced.
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Deal FlowEvery round with valuations, stage, and investor lists, plus 1–2 sentences of editorial per row on comps, valuation signals, or competitive implications. Presented as a table, not a press-release summary.
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What We’re Watching3–4 forward-looking items — dateable events in the next 1–4 weeks with financial significance. Earnings, filings, launches, policy dates. Not a news dump; these are the signals we’ll react to in the next issue.
3 · Sample content
Three bullets pulled straight from the April 22, 2026 issue — read the latest issue in full for context.
- The market is pivoting from raw launch capability to low-latency, high-utility data services — platform integration is the new margin center, not the payload.
- With government funding down 29.6% year-over-year in FY2026, commercial players are being forced to prove indispensable ROI; launch thrust matters less than data-stream speed and reliability.
- Deal flow remains robust at $23.2B YTD, but the value is migrating to middleware and ground-segment operators that can manage the 19,480 active payloads already on orbit — the market is underestimating the risk posed by the 1,140 satellites past their design life.
4 · Framework — the ARI methodology
src/finance/ari_scorer.py. Small-N rates use Wilson lower bounds. Stage-prior fallbacks are down-weighted in the composite so data-thin companies don’t drag the average toward the midpoint.
5 · Case studies
Two company deep-dives built from live pipeline data. Each card opens the full ARI risk stack, peer ranking, and cash-runway posture.
6 · What this isn’t
We don’t recommend buys or sells. This is published research, not personalized advice — no price targets, no ratings, no model portfolios. You read the thesis, you model the trade, you decide. AstraVeris is not an NRSRO, a registered investment adviser, or a broker-dealer. If you need a research product that tells you what to buy, we’re the wrong vendor. If you need a research product that does half the work of building the thesis for you, read an issue and see if the voice fits.
7 · Intelligence tier
ARI factor drill-ins per company, cash-runway sortable tables, peer-group comps against stage-and-sector cohorts, Debt Maturity Wall filtered by seniority, company-level deal flow with cap-table snapshots where public, CSV exports for your own model.