PitchBook-SpaceX启动报告：金星和木星何时对齐-2026 .pdfVIP

REPORTPREVIEW

ThefullreportisavailablethroughthePitchBookPlatform.

InstitutionalResearchGroupLATE-STAGECOMPANYRESEARCH

FrancoGranda

SeniorResearchAnalyst,SpaceXInitiationReport:

PrivateCompanyCoverage

franco.granda@WhenVenusand

pbinstitutionalresearch@JupiterAlign

PublishedonMarch2,2026

AinancialmodelforSpaceXcoveringitsIPOandbeyond

ContentsPitchBookisaMorningstarcompanyprovidingthemostcomprehensive,most

Keytakeaways1accurate,andhard-to-inddataforprofessionalsdoingbusinessintheprivatemarkets.

PrivateBusinessQuality

Frameworkmethodology4

Keygrowthdrivers8

Keytakeaways

SpaceXIPOrundown22

Financialmodel33•Launchservices:SpaceXhaslippedlaunchservicesfromabespoke,capacity-scarce

Valuationanalysis48offeringintoanindustrialoperationdeinedbycadenceandreuse.In2025,SpaceXlew

1

165Falcon9missions(and170totalorbitalattempts,includingStarship),representing