Analysis & Insights

Curated data and analysis on the trends shaping the space economy.

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SpaceX Is Priced at the Floor: Mach33 SpaceX GigaModel Highlights

June 09, 2026

We put our bottom-up SpaceX model, roughly 500 variables, through a 5,000-trial Monte Carlo, then valued every trial three ways. On EV/EBITDA, the lens we judge most reliable across our window to 2040, the as-of-2026 enterprise value centers near ...

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SpaceX Gigamodel: The Mechanical Insights Pre Monte-Carlo

June 07, 2026

We have been assembling the SpaceX ‘Gigamodel’ for several months. It is a ~400-variable undertaking, projecting the three engines that matter, launch, Starlink, and AI. We are confident it is the deepest independent financial model of SpaceX avai...

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FCC EPFD Ruling Implications: How It Raises the Roof for V3

May 06, 2026

On April 30, 2026, the Federal Communications Commission (FCC) unanimously voted to replace its twenty-six-year-old satellite interference rules. The vote ended the regulatory regime, originally set at the International Telecommunication Union's 2...

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Starlink Mobile: Bundling Unit Economics

March 19, 2026

During MWC Barcelona 2026, SpaceX announced the rebranding of its direct-to-cell service as Starlink Mobile, a name it had trademarked months earlier. The service already reaches over 13 million users across 12 countries through mobile network ope...

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The Space Data Center Mass Budget Behind 10× Power Density

March 04, 2026

Over the past two weeks, our series has systematically deconstructed the engineering pathways required to validate Elon Musk’s stated objective: achieving a power density of 100 W/kg (100 kW/ton) for orbital compute satellites. After detailing how...

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The Thermal Rejection Unlock for SpaceX’s 100 kW/ton Compute Satellites

February 25, 2026

Last week, we showed that solar-specific power is the first unlock on the path from 10-20 kW satcom satellites to 100kW+ orbital compute-class platforms. This week, we shift to the subsystem that quietly becomes the dominant hidden mass term as th...

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What End-to-End Connectivity Means for Starlink’s Value

January 28, 2026

Executive Summary• Starlink is evolving from a satellite ISP into an end-to-end consumer connectivity platform, spanning home broadband (Standard Terminal), mobility broadband (Mini), and phone connectivity outside terrestrial coverage (Direct-to-...

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Orbital Compute Energy will be cheaper than Earth by 2030

November 26, 2025

In Part 1 of this series, we looked at the mass side of Elon Musk’s orbital compute vision: what satellite architectures are needed to reach 100 GW of compute in high Earth orbit without thousands of Starship launches every year. We showed that yo...

$37B DTC Coverage-Gap TAM by 2030 — Mach33’s Open-Source DTC Demand Model

November 19, 2025

Executive SummaryDirect-to-Cell (DTC) connectivity (linking standard mobile phones directly to satellites) is shifting from concept to commercial reality. With Starlink, AST SpaceMobile, and major mobile carriers pushing rapidly toward operational...

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How Much Revenue Can SpaceX and ASTS Really Make From DTC? — The Full Mach33 Premium DTC Model

November 19, 2025

PreviewOur open-sourced TAM model showed the size of the Direct-to-Cell opportunity, but TAM is only half the story. The critical investor question is how much of that demand can be served once real-world constellation physics are applied?This Mac...

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