US / NZ · Hot AI Themes

Launch & Space Access

One provider dominates launch mass to orbit. Alternatives for medium-lift are scarce, which gates every constellation outside it.

Engines→Vehicle→Pad→Orbit

Tightness score ⓘ

#37 of 56

■ Stable

Supply concentration5

Lead time4

Capex intensity5

Geopolitical exposure3

Pricing power4

Lead time

12–36 mo

Theme 1M

−0.5%

% in uptrend

50%

Metric to watch

Launch cadence, new-vehicle first flights, and manifest backlogs.

What would prove us wrong

Weakens if a second medium-lift reusable vehicle reaches routine cadence.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
RKLB Rocket Lab	Electron launch, Neutron and spacecraft	NASDAQ US	$54.73	−7.39%	−22.3%	−22.3%	−21.6%	−63.6%	2026-11-09
FLY Firefly Aerospace	Small-lift launch and lunar landers	NASDAQ US	$17.93	−9.74%	−21.5%	−18.1%	−19.8%	−69.5%	2026-11-10
LMT Lockheed Martin	Satellites, ULA stake and defence	NYSE US	$637.0	−1.03%	+26.0%	+9.3%	+34.1%	−4.7%	2026-10-22
NOC Northrop Grumman	Solid rocket motors and spacecraft	NYSE US	$557.5	−0.86%	+15.7%	+2.1%	−1.0%	−26.8%	2026-10-20

Auto-updated