Reports indicate that SpaceX is leaning toward a Nasdaq listing for its highly anticipated IPO, with internal targets seeking early inclusion in the Nasdaq-100. While the company has not officially confirmed these plans, sources peg the target valuation at approximately $1.75 trillion. NYSE is still competing for the listing, per media reports.

The interesting part is not the exchange itself. It is that index inclusion is being treated as part of the IPO design. Faster entry into a major index would deepen liquidity, widen institutional ownership, and make it easier for a company of this scale to go public without as much aftermarket friction.

SpaceX has moved through an important stretch of preflight work on Ship 39 ahead of Flight 12, including cryogenic proof testing, while Booster 19 advances in what would be the first integrated flight campaign for Starship V3 hardware. Elon Musk said the first V3 launch is about four weeks away, which points more to early April than mid-March.

By simplifying the engine design and increasing thrust-to-weight ratios, SpaceX is moving beyond the "experimental" phase of Starship into a production-ready architecture. This process is a live measure of iteration speed, engine maturity, and factory throughput. If SpaceX can bring materially upgraded hardware to flight on this cadence, it reinforces the company’s core edge, which is not just rocket performance but fast industrial learning at scale.

Voyager disclosed that Starlab has a $90.0 million commitment for one future launch service on board Starship. The filing does not disclose Starlab’s mass. Using SpaceX’s published Starship payload benchmark of up to 150 metric tons to LEO in fully reusable mode, implying a theoretical floor of roughly $600/kg. At a more conservative 100-ton utilization level, the implied figure is about $900/kg. The broader takeaway is more important than the exact math. This is early commercial price discovery for Starship-class lift.

Chinese state media said Long March-8A Y8 was moved to Launch Pad No. 1 in Hainan ahead of a near-term mission. The vehicle is described as a core launcher for China’s satellite internet constellation, with roughly 15 Long March-8 series launches planned in 2026.

China continues the effort to build a repeatable constellation launch cadence with a launcher optimized for dense deployment. That is how a state-backed rival begins to bridge the industrial gap with Starlink, first through cadence, then through cost, then through network scale.

French satellite operator Eutelsat has finalized a €5 billion ($5.8 billion) refinancing plan. The capital is intended to support OneWeb refresh needs, improve financial flexibility, and back Europe’s IRIS² sovereign connectivity ambitions. This is balance-sheet work, but it is being done in service of a strategic objective, which is keeping a credible non-U.S., non-Chinese LEO option alive.

Europe is effectively paying to preserve optionality. OneWeb does not need to beat Starlink in consumer scale to matter. It needs to remain operationally relevant where sovereign control, government demand, and policy alignment matter more than absolute network size.

The FCC has issued a proposal to open new spectrum access for telemetry, tracking, and command (TT&C) to support "emergent spacecraft". The proposal seeks comment on new access for orbital labs, in-space servicing, and commercial stations, including a proposed Earth-to-space allocation in the 2320–2345 MHz band and other mechanisms meant to support non-traditional space operations.

This is the kind of quiet infrastructure story investors should care about. Orbital labs, in-space servicing, commercial stations, and other new vehicle classes do not scale cleanly if spectrum rules only fit legacy satellite archetypes. This reduces the long-term licensing risk for companies building complex orbital infrastructure that requires constant, high-reliability command links.

Sierra Space raised $550 million in a Series C round at an $8 billion valuation. The funding, led by LuminArx, is earmarked for expanding production and supporting defense and intelligence solutions.

This is not a broad “space is hot again” read. It is capital selecting for manufacturing readiness, defense adjacency, and program capture potential. In this market, investors are rewarding suppliers that look more like scaled contractors than science projects.

Vast said the raise includes $300 million of Series A equity and $200 million of debt and will go toward accelerating production of its Haven space stations. The company is leaning hard into a hardware-first strategy, pointing to its recent Haven Demo flight and continued work on Haven-1 and Haven-2.

Commercial stations are becoming a sequencing game: who can finance hardware, keep the build program moving, and reach orbit before the ISS transition creates a real bottleneck for customers and government support. Vast is raising now to stay on that path.