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Alphaneo · Research

Defense and space, scored

41Scored
69Tracked
5Sectors

Why we cover this

Procurement has shifted from prototype studies to production awards, and the companies that win are the ones already flying. That distinction is what most of this category’s marketing obscures, and it is the first thing we score for: fielded hardware with operational hours beats a rendering and a roadmap, almost regardless of how good the roadmap is.

The second thing we score for is whether the mission is a durable budget line or a spike. Contested logistics, counter-UAS and space-based ISR are structural; several adjacent categories are not.

If you have built in this sector, you will disagree with some of these scores. That is the point of publishing them.

See this for your sectors — 10 seconds, no account

The book, scored

41 companies, ranked. Scores run 0–100 across market, team, product, moat and traction — our own view, not a consensus.

83
A-
SpaceSeed

Arinna

Ultra-thin TMD solar cells with 32% higher efficiency and extreme radiation hardness for space.

Space SolarTMDThin FilmRadiation Hardened
Palo Alto, CAFounded 2023
82
B+
DefenseSeries C

Hadrian

Software-defined precision factories producing mission-critical metal parts for rockets, satellites, jets and defense systems.

Autonomous ManufacturingDefense Industrial BasePrecision MachiningReindustrialization
Torrance, CAFounded 2020Founders Fund · Lux Capital
81
B+
SpaceSeries D

Impulse Space

Last-mile in-space transportation — orbital transfer vehicles that deliver payloads from drop-off orbit to their final destination.

In-Space TransportationOrbital Transfer VehiclePropulsionResponsive Space
Redondo Beach, CAFounded 2021
80
B+
SpaceSeed

Cislunar Industries

Intelligent power processing units enabling satellites, propulsion, and in-space manufacturing.

Space PowerPPUElectric PropulsionIn-Space Manufacturing
Loveland, COFounded 2022
80
B+
DefenseSeries B

Overland AI

Off-road ground autonomy for the US military — $100M raised and a Marine Corps production contract in hand.

Ground AutonomyUGVUS Marine CorpsOff-road Autonomy
Seattle, WAFounded 20228VC
79
B+
SpaceSeed

EMF Space

Solar power satellites beaming near-infrared energy to existing terrestrial solar farms 24/7.

Space SolarSBSPWireless PowerSatellite
USAFounded 2023
79
B+
DefenseEarly-stage growth (Series A/B range estimated based on 2022 founding and trajectory)

Firestorm

Autonomous threat detection and response for military networks.

DefenseCybersecurityAI
San Francisco, CAFounded 2022
79
B+
DefenseSeries B

Skyways

Long-range autonomous VTOL cargo aircraft flying for the US Air Force, US Navy, Japan's Self-Defense Forces and ANA — hybrid-electric, 1,000-mile class.

Autonomous AircraftDefense LogisticsVTOLDual-Use
Austin, TXFounded 2017Y Combinator
79
B+
DefenseSeries B

STARK

European strike drones and loitering munitions — €500M raised from Sequoia and Founders Fund inside two years of founding.

Loitering MunitionsStrike DronesEuropean DefenseGermany
Munich, GermanyFounded 2024Sequoia Capital · Founders Fund
78
B+
SpacePre-Seed

MARASA

Radiation-hardened neuromorphic compute modules enabling autonomous decision-making on cubesat-scale spacecraft.

Neuromorphic ComputingRadiation HardenedFPGASpace Compute
Santa Fe, NMFounded 2024
78
B+
DefenseGrowth / Series C+

Tekever

European UAS unicorn — maritime and land surveillance drones with a combat record in Ukraine and UK government backing.

Unmanned Aerial SystemsMaritime SurveillanceUkraine-provenEuropean Defense
Lisbon, PortugalFounded 2001
77
B+
SpaceSeries A

Vast

Building Haven-1, positioned to be the world's first commercial space station, ahead of ISS retirement.

Space StationsHuman SpaceflightCommercial LEONASA CLD
Long Beach, CAFounded 2021Balerion Space Ventures
76
B+
DefenseSeed

Gargoyle Systems

Decentralized rooftop drone detection network securing critical infrastructure from rogue UAS.

Drone DetectionCounter-UASAirspace SecurityRF Sensing
New York, NYFounded 2022
76
B+
SpaceSeed

GRU Space

Building the world's first Moon hotel using inflatable habitats and lunar ISRU.

LunarHabitatISRUSpace Tourism
San Francisco, CAFounded 2025
76
B+
SpaceSeries B

Muon Space

End-to-end mission provider — designs, builds and operates custom LEO satellite constellations as a service.

Satellite ConstellationsMission-as-a-ServiceClimate SensingDefense
Mountain View, CAFounded 2021
76
B+
DefenseSeed

Sea Wright

AI-native autonomous foundries rebuilding the American maritime industrial base.

MaritimeShipbuildingAI ManufacturingDefense Industrial Base
USAFounded 2023
76
B+
SpaceSeed

Squid3 Space

Adaptive thermal materials and ASTRID active thermal tape enabling rapid satellite integration.

Space MaterialsThermal ControlOptical Solar ReflectorsMLI
USAFounded 2023
76
B+
SpacePre-Seed

Symphony Space

Orbital platform hosting 1,200 kg of swappable payloads for the new space economy.

Orbital InfrastructureHosted PayloadSatellite PlatformIn-Space Manufacturing
USAFounded 2025
75
B+
Defense & AerospaceSeries B

Pyka

Autonomous electric aircraft for crop protection, cargo logistics, and contested logistics.

Autonomous aircraftElectric aviationAgTechDefense
Alameda, CAFounded 2017
74
B
SpaceSeries D

Isar Aerospace

Europe's best-funded private launch company — the Spectrum rocket, built for sovereign European access to orbit.

Small LaunchEuropean SovereigntySpectrumRocket Manufacturing
Ottobrunn, GermanyFounded 2018
73
B
SpaceSeries B

The Exploration Company

Nyx — a reusable European cargo capsule for low Earth orbit, lunar orbit and the lunar surface.

Cargo CapsuleReusable SpacecraftEuropean SovereigntyLunar
Munich, GermanyFounded 2021Balderton Capital · Plural
72
B-
SpaceGrowth/Pre-Revenue (Government Contract)

Sierra Space

Dream Chaser and LIFE — commercial space transportation and habitation.

SpaceTransportationHabitation
Louisville, COFounded 2021Saudi PIF · Cordillera Capital
72
B+
DefenseLate-stage (post-IPO)

Skydio

Autonomous drones with best-in-class AI obstacle avoidance for defense and public safety.

DefenseDronesAutonomyAI
Redwood City, CAFounded 2014
72
B
DefensePre-Seed

Skyeforge

Robotic construction syndicate delivering autonomous real estate and industrial defense infrastructure.

Autonomous ConstructionDefenseRoboticsReal Estate
USAFounded 2024
70
B
SpaceConvertible Note

Beyond Reach Labs

Deployable solar arrays that launch compactly and unfurl to football-field scale in orbit.

Space infrastructureDeployable arraysOrbital powerYC W26
Pittsburgh, PAFounded 2023
70
B
SpaceSeed / Series A

Starcloud

Space-based data centers using orbital compute infrastructure for AI workloads.

Space infrastructureAI infrastructureOrbital computeDeep tech
Redmond, WAFounded 2024
67
C+
DefenseSeries A / B

ARX Robotics

Europe's unmanned ground vehicle specialist — modular robotic platforms and an autonomy OS for land forces.

Unmanned Ground VehiclesLand AutonomyEuropean DefenseNATO Innovation Fund
Munich, GermanyFounded 2022
66
C+
SpaceSeries C / Venture Debt

PLD Space

Spain's reusable small launcher — Miura 5, targeting up to 30 missions a year from multiple spaceports.

Small LaunchReusabilityMiura 5European Sovereignty
Elche, SpainFounded 2011European Investment Bank
66
C+
DefenseSeries B

XTEND

Operator-in-the-loop drone autonomy — combat-tested indoor and urban systems from Israeli operational use.

Drone AutonomyUrban WarfareGPS-deniedIsrael
Tel Aviv, IsraelFounded 2018
65
C+
DefenseSeries A

Allen Control Systems

Robotic gun turrets that shoot down drones with bullets — counter-UAS at a cost per kill that missiles cannot match.

Counter-UASRobotic TurretsCost-per-KillComputer Vision
Rochester, NYFounded 2023
64
C+
DefenseSeed/Early Stage

Neros

Autonomous underwater vehicles for subsea domain awareness.

DefenseMaritimeAutonomy
San Diego, CAFounded 2023
64
C+
Robotics / Subsea DefenseSeed

Orpheus Ocean

Low-cost autonomous underwater vehicles for persistent access to the deep ocean — WHOI and NASA JPL heritage, sub-$200K unit cost.

Ocean RoboticsAUVSubsea DefenseWHOI Spinout
Plymouth, MAFounded 2024Propeller Ventures
64
C+
SpaceSeries C

Skyroot Aerospace

India's leading private launch company — the Vikram rocket family, built on ISRO engineering lineage at Indian cost structures.

Small LaunchIndiaVikramISRO Lineage
Hyderabad, IndiaFounded 2018GIC
64
C+
SpaceSeed

Vaxon Space

Air-breathing electric propulsion satellite bus for very low Earth orbit — flying at 180–250 km, where drag kills conventional spacecraft, to get sub-30 cm imaging.

VLEOAir-Breathing PropulsionEarth ObservationDefense Space
San Jose, CAFounded 2025
63
C+
DefenseSeed / Series A

Comand AI

AI command-and-control software for European militaries — faster decision cycles at the headquarters layer.

Command & ControlDefense SoftwareDecision SupportFrance
Paris, FranceFounded 2024
62
C+
DefenseEarly-stage (Series A or pre-Series A estimated)

Mach Industries

AI-native munitions manufacturing for the US military.

DefenseMunitionsManufacturing
Huntington Beach, CAFounded 2022
62
B-
SpaceLate-stage private (pre-IPO based on RLTY ticker reference)

Relativity Space

3D-printed rockets for the medium-lift commercial launch market.

SpaceLaunch3D PrintingHardtech
Long Beach, CAFounded 2015
62
C+
SpaceSeries A / B

Space Forge

Returnable in-space manufacturing platforms for semiconductor materials that cannot be made under gravity.

In-Space ManufacturingSemiconductorsReturnable PlatformMicrogravity
Cardiff, Wales, UKFounded 2018
62
C+
SpaceDevelopment (pre-revenue/early test flights)

Stoke Space

Fully and rapidly reusable rockets — every part, every flight.

SpaceLaunchReusability
Kent, WAFounded 2019
61
C+
DefenseSeed / Series A

Vatn Systems

Mass-manufacturable small AUVs — underwater autonomy priced for attrition rather than for flagship programmes.

AUVUndersea DefenseMine CountermeasuresAttritable Systems
Bristol, RIFounded 2022
59
C
Space / DefenseSeries A

Longshot Space

Kinetic launch system using a pneumatic cannon to accelerate payloads to orbit at a fraction of rocket cost.

Space LaunchKinetic LaunchHypersonicDefense
Oakland, CAFounded 2022

Scores are ours and deliberately harsh at the top — very few companies clear 80. A company appears only if it carries analyst enrichment and a score; the raw sourcing tail is excluded. Many companies in this set are export-controlled, and nothing on this page implies availability.

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Research only. Nothing here is an offer or solicitation to buy any security. No deal terms, valuations, round sizes or allocations appear on this page, and inclusion does not mean a company is raising or that Alphaneo can offer access to it. Scores are Alphaneo’s own assessment as of Aug 14, 2026, are not investment advice, and are not independently verified. Named investors are drawn from public announcements. Private investments are illiquid and may lose their entire value.