Global segment ranking · Industrial, deeptech & space › Space
The world’s most valuable satellite connectivity startups
Companies whose main business is communicating through space: operators of broadband constellations and small geostationary satellites, direct-to-phone and satellite IoT networks, data relay and laser links between satellites, ground stations as a service, and makers of satellite antennas, terminals and communication payloads. Ranked worldwide by AI-estimated valuation, with listed pure players shown in grey at their market value for reference. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Listed, so not ranked: SpaceX (Starlink), AST SpaceMobile, Globalstar, Viasat, Iridium, Eutelsat, Telesat, SES, Gilat and Intellian (shown in grey), and EchoStar, Space42 and Contec. Merged: Lynk Global and Omnispace, now Elveo Mobile. Bought: ALL.SPACE (York Space Systems), Mynaric (Rocket Lab), SatixFy (MDA Space), BridgeComm. In insolvency: Astrocast, Ligado Networks. Created by a group or a state: Kinéis (CLS and CNES), Plan-S (Kontrolmatik), Rivada Space Networks (Rivada Networks), Hanwha Phasor, Kuiper (Amazon), OneWeb (Eutelsat), Spacesail, China SatNet, Geespace (Geely), Xingyun (CASIC), Hongqing (LandSpace). Not ranked here: Fleet Space Technologies (mineral exploration), Hiber (industrial monitoring), satellite makers without a communications business (Dhruva Space, Reflex Aerospace, MinoSpace) and terrestrial laser or radio links (Transcelestial, Astrome). In other segments: Earth-observation satellites under Earth observation, rockets under Launchers. A company appears in one segment only. Method
The segment at a glance
28companies ranked
2companies on the radar
12countries in the ranking
10listed benchmarks
Sources: Company announcements, Bloomberg, Reuters, CNBC, SpaceNews, Payload, Via Satellite, GeekWire, TechCrunch, European Spaceflight, Sifted, Nikkei, Sina Finance, C114, SEC filings and market data for listed companies. Intention counters will be shown above a threshold of amount and number of Backers.
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · North America · Oceania.Global ranking · Satellite connectivity
Snapshot27 Oct 2026A snapshot taken on 27 Oct 2026
This ranking shows the startups as they stood on 27 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 10 Apr 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 27 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 10 Apr 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 28 ranked companies
| # | Company | Last round · Key metrics | AI valuation | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
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| — | SpaceXListed · Nasdaq · SPCX | Listing June 2026 | USD 2.2tnMarket cap · Oct 2026Listed company · not ranked | ||
| — | AST SpaceMobileListed · Nasdaq · ASTS | USD 17bnMarket cap · Oct 2026Listed company · not ranked | |||
| — | GlobalstarListed · Nasdaq · GSAT | USD 11bnMarket cap · Oct 2026Listed company · not ranked | |||
| — | ViasatListed · Nasdaq · VSAT | USD 9.93bnMarket cap · Oct 2026Listed company · not ranked | |||
| — | Iridium CommunicationsListed · Nasdaq · IRDM | USD 4.86bnMarket cap · Oct 2026Listed company · not ranked | |||
| 1 | CesiumAstroDesigns software-defined phased-array communication payloads, terminals and small satellites that provide multi-beam connectivity for defence, government and commercial space missions. | Growth round · USD 730M · Nov 2026Key metrics not disclosed | Last known equity round: Growth round · USD 730M · Nov 2026 (Janus Henderson, Insight Partners, Sands Capital, Sumitomo Corporation of Americas, Woven Capital, Incharge Capital, Magnetar, AV, NewSpace Capital) Published valuation: USD 4.5bn (Nov 2026)Method |
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| 2 | AstranisBuilds and operates small dedicated geostationary satellites that give telecom operators, governments and militaries their own broadband capacity over a chosen region. | Series E · USD 300M · May 2026More than USD 1.2bn raised in total by May 2026 · May 2026 | Last known equity round: Series E · USD 300M · May 2026 (Snowpoint Ventures, Franklin Templeton; Nimble Partners, Andreessen Horowitz, BlackRock-managed funds, Baillie Gifford); Convertible preferred shares; a USD 155M credit facility is not counted Published valuation: USD 2.8bn (May 2026)Method |
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| — | EutelsatListed · Euronext Paris · ETL | USD 2.68bnMarket cap · Oct 2026Listed company · not ranked | |||
| — | TelesatListed · Nasdaq · TSAT | USD 2.49bnMarket cap · Oct 2026Listed company · not ranked | |||
| 3 | Northwood SpaceBuilds and operates mass-produced phased-array ground stations, selling satellite operators and government agencies ground-network capacity as a service for uplink and downlink communications. | Series C · USD 375M · Nov 2026USD 50M US Space Force contract announced with Series B (Feb 2026) · Feb 2026 | Last known equity round: Series C · USD 375M · Nov 2026 (Andreessen Horowitz, DFJ Growth; Alpine Space Ventures, Washington Harbour Partners, StepStone, In-Q-Tel) Published valuation: USD 2bn (Nov 2026)Method |
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| — | SESListed · Euronext Paris · SESG | USD 1.95bnMarket cap · Oct 2026Listed company · not ranked | |||
| 4 | Hubble NetworkRuns a satellite constellation that picks up signals from ordinary Bluetooth chips, giving low-power trackers and sensors global connectivity without cellular networks or gateways. | Series C · USD 200M · Sep 2026Seven satellites in orbit; Life360 and Tile partnerships reaching 90M+ devices · Sep 2025 | Last known equity round: Series C · USD 200M · Sep 2026 (Smith Point Capital; Seraphim Space, Carthona Capital, RPM Ventures) Published valuation: USD 1.6bn (Sep 2026)Method |
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| 5 | AalyriaDevelops software that orchestrates networks across satellites, aircraft and ground stations, plus laser communication technology, for defence agencies and space network operators. | Series B · USD 100M · Feb 2026Key metrics not disclosed | Last known equity round: Series B · USD 100M · Feb 2026 (Battery Ventures, J2 Ventures; DYNE) Published valuation: USD 1.3bn (Feb 2026)Method |
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| — | Gilat Satellite NetworksListed · Nasdaq · GILT | USD 580MMarket cap · Oct 2026Listed company · not ranked | |||
| — | Intellian TechnologiesListed · KOSDAQ · 189300 | USD 483MMarket cap · Oct 2026Listed company · not ranked | |||
| 6 | Kepler Communications#40 in CanadaOperates a network of satellites with optical inter-satellite links that relays data in real time for other spacecraft, governments and commercial operators. | Series C · USD 92M · Apr 2023Key metrics not disclosed | Last known equity round: Series C · USD 92M · Apr 2023 (IA Ventures, Costanoa, Canaan, BDC); CAD 122.7MMethod | Be the first | Back |
| 7 | Elveo MobileOperates low-orbit satellites carrying cell-tower payloads and S-band spectrum so that unmodified mobile phones and devices connect directly from space through partner mobile network operators. | Series B · USD 85M · Feb 2025Agreements with more than 50 mobile network operators in 60 countries · Aug 2026 | Last known equity round: Series B · USD 85M · Feb 2025 (SES); Raised by Lynk Global before its merger with Omnispace in August 2026; amount invested by SES at the merger undisclosedMethod | Be the first | Back |
| 8 | KymetaDesigns electronically steered flat-panel satellite antennas and multi-orbit terminals, mainly for military and government land-mobile and maritime communications on the move. | Funding round · USD 84M · Mar 2022Key metrics not disclosed | Last known equity round: Funding round · USD 84M · Mar 2022 (Bill Gates; Hanwha Systems)Method | Be the first | Back |
| 9 | Swissto12#28 in SwitzerlandManufactures small geostationary satellites and 3D-printed radio-frequency payload components for satellite operators, using additive manufacturing to cut size and cost. | Series C · USD 70M · Jul 2026Key metrics not disclosed | Last known equity round: Series C · USD 70M · Jul 2026 (Swisscom Ventures, Swisscanto Invest)Method | Be the first | Back |
| 10 | Skykraft#21 in AustraliaOperates a satellite constellation that gives air navigation service providers surveillance and VHF radio coverage of aircraft beyond the range of ground radar. | Equity round · USD 65M · Oct 2023Key metrics not disclosed | Last known equity round: Equity round · USD 65M · Oct 2023 (Foresight Australia, OPTrust; Main Sequence); More than AUD 100MMethod | Be the first | Back |
| 11 | E-SpaceDevelops a low-orbit constellation of small satellites designed to resist fragmentation and capture debris, to offer secure communications and IoT services to governments and businesses. | Seed · USD 50M · Feb 2022Key metrics not disclosed | Last known equity round: Seed · USD 50M · Feb 2022 (Prime Movers Lab)Method | Be the first | Back |
| 12 | Sateliot#30 in SpainOperates a low-orbit nanosatellite constellation that extends standard 5G NB-IoT coverage so that unmodified IoT devices connect from anywhere through mobile operators. | Series B · USD 43M · Mar 2025Key metrics not disclosed | Last known equity round: Series B · USD 43M · Mar 2025 (Hyperion Fund; SETT, Indra, Cellnex); EUR 40M of equity; an EUR 30M loan is not countedMethod | Be the first | Back |
| 13 | MyriotaOperates a low-orbit satellite IoT network and sells low-power modules that send small data packets from sensors in water, agriculture, defence and utilities. | Series B-2 · USD 31M · Dec 2024About AUD 95M raised in total · Dec 2024 | Last known equity round: Series B-2 · USD 31M · Dec 2024 (National Reconstruction Fund Corporation; Main Sequence, Inter Valley Ventures, British Technology Investments); AUD 50MMethod | Be the first | Back |
| 14 | SkyloProvides a direct-to-device satellite network that lets standard smartphones, wearables, cars and IoT modules send messages and emergency texts over existing operators' licensed spectrum. | Growth round · USD 30M · Feb 2025Commercial service across the US, Brazil, Australia and New Zealand · Feb 2025 | Last known equity round: Growth round · USD 30M · Feb 2025 (NGP Capital; Westly Group, Intel Capital, BMW i Ventures, Samsung Catalyst Fund)Method | Be the first | Back |
| 15 | SkyloomBuilds optical laser communication terminals and data-relay services that link satellites, aircraft and ground stations, mainly for US defence and commercial space customers. | Equity offering · USD 29.4M · Nov 2023USD 18M contract from US Air Force · 2024 | Last known equity round: Equity offering · USD 29.4M · Nov 2023Method | Be the first | Back |
| 16 | ATLAS Space OperationsOperates a global network of satellite ground antennas run through cloud software, offering satellite operators and government customers ground-station access as a pay-per-use service. | Series B · USD 26M · Sep 2024Ranked among top three fastest-growing teleport operators by World Teleport Association · Sep 2024 | Last known equity round: Series B · USD 26M · Sep 2024 (Mitsui & Co; Beringea, Boomerang Catapult, Rise of the Rest, VCapital)Method | Be the first | Back |
| 17 | CailabsDesigns photonic light-shaping components and optical ground stations for laser communication with satellites, serving space, defence, telecom and industrial laser customers. | Growth round · USD 23.4M · Sep 2025More than 10 optical ground stations under contract (Sep 2025) · Sep 2025 | Last known equity round: Growth round · USD 23.4M · Sep 2025 (Bpifrance, NewSpace Capital, EIC Fund); About EUR 20M of equity out of EUR 57M; the loan is not countedMethod | Be the first | Back |
| 18 | Leaf Space#32 in ItalyProvides ground segment as a service, operating a network of ground stations that downlink data and command satellites for smallsat and constellation operators worldwide. | Series B · USD 22M · Jul 2023Serving about 80 satellites on its ground network (Aug 2023) · Aug 2023 | Last known equity round: Series B · USD 22M · Jul 2023 (CDP Venture Capital, Neva SGR; SIMEST, Digital Transition Fund, RedSeed Ventures, Primo Space); EUR 20M; venture debt not countedMethod | Be the first | Back |
| 19 | HedronDevelops a low-orbit data-relay network combining optical and radio links so Earth-observation satellites can deliver data to ground faster. | Series A · USD 17.8M · Oct 2021Key metrics not disclosed | Last known equity round: Series A · USD 17.8M · Oct 2021 (Fine Structure Ventures; Lockheed Martin Ventures, Republic Labs, Lime Street, Explorer 1)Method | Be the first | Back |
| 20 | GreenerwaveDevelops electronically reconfigurable flat-panel antennas based on wave-control technology, starting with satellite communication terminals and extending to telecom and radar. | Series A · USD 16.2M · Feb 2024Key metrics not disclosed | Last known equity round: Series A · USD 16.2M · Feb 2024 (Fonds Innovation Défense, Safran Corporate Ventures; Intelsat, BNP Paribas Développement, Plastic Omnium); EUR 15MMethod | Be the first | Back |
| 21 | OQ TechnologyOperates a low-orbit 5G satellite network that connects standard IoT devices and smartphones directly, for mobile operators, energy, logistics and defence customers. | Series A · USD 13M · Sep 2022First European operator to demo D2D emergency broadcast to unmodified smartphones · 2025 | Last known equity round: Series A · USD 13M · Sep 2022 (Wa'ed Ventures, Phaistos Investment Fund); EUR 13MMethod | Be the first | Back |
| 22 | FOSSA SystemsBuilds and operates a low-orbit picosatellite constellation providing sovereign IoT and secure communications for industrial and defence customers. | Equity round · USD 10.7M · Jun 2026More than 25 satellites launched · Jun 2026 | Last known equity round: Equity round · USD 10.7M · Jun 2026 (Kibo Ventures; SETT, Sparx); EUR 9.25MMethod | Be the first | Back |
| 23 | InfostellarRuns StellarStation, a cloud platform that shares ground-station antennas worldwide so satellite operators can book communication passes without building their own ground infrastructure. | Series B · USD 10.4M · Jan 2022Key metrics not disclosed | Last known equity round: Series B · USD 10.4M · Jan 2022 (Mitsubishi UFJ Capital; Pavilion Capital, ICMG Partners, QB Capital, NCB Venture Capital); Including its extensionMethod | Be the first | Back |
| 24 | SpeQtralDevelops satellite-based quantum key distribution systems and ground equipment that provide quantum-secure communication links for telecom operators, governments and enterprises across Asia and beyond. | Series A · USD 8.3M · Nov 2021Key metrics not disclosed | Last known equity round: Series A · USD 8.3M · Nov 2021 (Xora Innovation)Method | Be the first | Back |
| 25 | Apogeo SpaceDevelops and operates a constellation of picosatellites providing low-cost IoT connectivity for agriculture, logistics, utilities and environmental monitoring. | Seed · USD 5.3M · May 2022Key metrics not disclosed | Last known equity round: Seed · USD 5.3M · May 2022 (Primo Space Fund); EUR 5MMethod | Be the first | Back |
| 26 | Oxford Space SystemsDesigns and manufactures deployable and lightweight antennas for satellites, used in communications and radar payloads for commercial and defence missions. | Equity round · USD 3.8M · Jan 2024Key metrics not disclosed | Last known equity round: Equity round · USD 3.8M · Jan 2024 (UK Innovation and Science Seed Fund); GBP 3MMethod | Be the first | Back |
| 27 | WarpspaceDevelops optical inter-satellite relay terminals and a planned data-relay service that lets low-orbit satellites send data to ground in near real time. | Series A · USD 3.6M · Apr 2021Key metrics not disclosed | Last known equity round: Series A · USD 3.6M · Apr 2021; JPY 400M; later rounds undisclosedMethod | Be the first | Back |
| 28 | Astrogate LabsBuilds optical laser communication terminals that give small-satellite constellations high-speed, secure data downlinks to ground stations, from Bengaluru. | Pre-Series A · USD 1.3M · Feb 2025Key metrics not disclosed | Last known equity round: Pre-Series A · USD 1.3M · Feb 2025 (Piper Serica Angel Fund)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
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No ranked company in this region yet: see the Radar.
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (satellite connectivity). Country shown is the country of main operations. Request a correction · Full method →
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Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Sponsored space · no Challenger listed yet
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- Mbryonics · Ireland · EuropeMar 2024; EUR 17.5M award, split between grant and equity undisclosedBack
- Galaxy Space · China · AsiaSep 2022; Amount undisclosedNot open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers.
You can still declare an interest in this segment →
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
- SpaceX · United StatesNasdaq · SPCX · USD 2.2tn (Oct 2026)
- AST SpaceMobile · United StatesNasdaq · ASTS · USD 17bn (Oct 2026)
- Globalstar · United StatesNasdaq · GSAT · USD 11bn (Oct 2026)
- Viasat · United StatesNasdaq · VSAT · USD 9.93bn (Oct 2026)
- Iridium Communications · United StatesNasdaq · IRDM · USD 4.86bn (Oct 2026)
- Eutelsat · FranceEuronext Paris · ETL · USD 2.68bn (Oct 2026)
- Telesat · CanadaNasdaq · TSAT · USD 2.49bn (Oct 2026)
- SES · LuxembourgEuronext Paris · SESG · USD 1.95bn (Oct 2026)
- Gilat Satellite Networks · IsraelNasdaq · GILT · USD 580M (Oct 2026)
- Intellian Technologies · South KoreaKOSDAQ · 189300 · USD 483M (Oct 2026)
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: April 10, 2027.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (satellite connectivity). A company appears in one segment only.
Sources. Company announcements, Bloomberg, Reuters, CNBC, SpaceNews, Payload, Via Satellite, GeekWire, TechCrunch, European Spaceflight, Sifted, Nikkei, Sina Finance, C114, SEC filings and market data for listed companies.