Space

• 2024 - NRO EOCL (Electro-Optical Commercial Layer): 10-year framework contract, one of 3 awarded vendors alongside $MAXR and $PL
• 2024 - NGA Luno A: Analytic services contract via Spectra AI, multi-year
• 2023 - Indonesia Ministry of Defence: $50M+ satellite + ground-system deal (BlackSky Geospatial Solutions segment)
• 2024 - Rocket Lab ($RKLB) launch services: Multi-launch contract for Gen-3 Pelican constellation deployment
• Ongoing - US Army TITAN program support contracts for tactical ground station intelligence integration

• 2026-Q1: Expanded NATO-ally defense contract, multi-year, eight-figure ACV (undisclosed counterparty)
• 2025: $230M seven-year Pelican-tasking + Dove-archive deal with an Asia-Pacific government customer
• 2024: NRO (National Reconnaissance Office) Electro-Optical Commercial Layer (EOCL) Tier-2 award
• 2024: NGA (National Geospatial-Intelligence Agency) Luno-A indefinite-delivery vehicle
• 2023: Multi-year German government Earth-observation contract via BKG
• Ongoing: AI/ML data-licensing pilots with frontier-model labs (undisclosed)

• 2025 - US Space Force NSSL Phase 3 Lane 1 - selected alongside $SPX, Blue Origin, ULA for national security launches; Neutron-conditional but validates DoD customer interest
• 2024 - ESCAPADE (NASA Mars mission) - two spacecraft built + launched on Blue Origin New Glenn; Space Systems credibility win
• 2024 - Space Development Agency Tranche 2 - $515M contract for 18 satellite buses; multi-year recurring revenue
• 2024 - Globalstar constellation - $515M deal to build 17 satellites + ground systems (Apple-backed program)
• 2023+ - recurring Electron manifest - Synspective, BlackSky, HawkEye 360, Capella Space - small-sat operators using Electron as primary ride
• 2025 - Neutron first flight target slipped to mid-2026 - Archimedes engine hot-fire ongoing at Stennis

• 2023 - Multi-year contract with US Space Development Agency (SDA) for tasked sub-meter imagery; one of the first commercial EO vendors on the SDA approved list
• 2022 - Announced strategic partnership with VanEck for satellite data products (non-exclusive)
• 2022 - Partnership with Saudi Arabia's TAQNIA Space for regional EO distribution
• 2021-2023 - Series of contracts with unnamed NATO-aligned intelligence customers for Ukraine-theater wide-area monitoring (referenced in earnings calls without disclosure of counterparty)
• 2021 - Merger with CF Acquisition Corp (SPAC) at ~$850M pro forma enterprise value; raised ~$236M gross proceeds

Ka-band beamforming ICs for LEO / MEO / GEO satcom terminals; pulled into a US defense prime via the York Space Systems / ALL.SPACE acquisition.

• LEO satellite terminal design wins - Sivers has disclosed engagements with multiple LEO ground-terminal makers for 60 GHz and Ka-band phased-array antenna modules targeting constellation broadband programs
• 5G mmWave infrastructure - beamforming IC supply agreements with radio unit manufacturers serving Tier-1 telecom operators deploying 28 GHz urban small cells
• Automotive radar modules - 77/79 GHz front-end IC development agreements with automotive radar module suppliers for ADAS and Level 2+ driver-assistance systems
• Silicon photonics co-development - Sivers Photonics unit engaged in co-packaged optics R&D partnerships targeting hyperscaler datacenter interconnect applications
• EU research grants - repeated participation in Horizon Europe and Vinnova-funded projects for 6G and next-generation radar, validating IP but not yet generating material product revenue
• 2026-06-09 : ALL.SPACE $8.2M order - production order for 2027 multi-beam Ka-band beamforming ICs (multi-orbit LEO / MEO / GEO satcom); ALL.SPACE serves US Army / Navy and runs trials across Telesat / SES / Viasat networks
• York Space Systems (NYSE: YSS) acquiring ALL.SPACE - pulls Sivers BFICs into a US defense prime supply chain (the design-in compounds beyond the single PO)
• 2026-06 : GlobalFoundries silicon-photonics collaboration - co-packaged optics (CPO), linear pluggable optics (LPO), and datacenter-interconnect architectures for AI infrastructure
• 2026-03 : O-Net + Enablence external light source - laser-array light-source modules supporting the CPO roll-out in AI datacenters and HPC systems
• NVIDIA DRIVE Hyperion LiDAR - Sivers wireless content designed into the autonomous-driving sensor stack

Pure-play on space: reusable launch (Falcon / Starship) plus Starlink LEO broadband. The defining name of the public space theme.

• 2026-05-20 : SEC S-1 filed (reg 333-296070, CIK 1181412); S-1/A on 2026-06-01
• 2026-06-04 : IPO roadshow begins
• 2026-06-11 : IPO prices (expected)
• 2026-06-12 : Nasdaq debut (expected), ticker SPCX
• Terms : 555.6M Class A shares at a fixed $135.00; ~$75B raised at a ~$1.77T valuation : the largest IPO in history (>3x Alibaba)
• Listing : Nasdaq + Nasdaq Texas, Class A common (dual-class structure, Musk super-voting)
• Business : Falcon 9 / Falcon Heavy reusable launch; Starlink LEO broadband (millions of subscribers); Starship in development
• Customers : NASA, US Space Force / DoD, commercial satellite operators, Starlink consumer + enterprise + government