The following article provides a complete and updated list of market intelligence reports, financial models, and strategic analysis pieces currently available from Payload Research (Payload Pro).
Payload Pro differentiates itself by offering “insider” financial analysis, granular revenue models, and deep-dive investment theses for the space economy. The following list catalogues their core Deep Dive Reports, Financial Models, and Strategic Analysis products.
Deep Dive Reports
These are comprehensive, standalone investment theses and landscape assessments, often available as downloadable PDF products for subscribers.
- Rocket Lab Report: A complete investment thesis and deep dive into Rocket Lab. It covers the Electron and Neutron launch vehicles, the Space Systems division, and the company’s strategic pivot toward data services and end-to-end infrastructure.
- Direct-to-Device Competitive Landscape Report: A strategic breakdown of the “cell tower in space” market. It analyzes frontrunners like Starlink, AST SpaceMobile, Globalstar, and Lynk, detailing their spectrum strategies, satellite architectures, and financial positions.
- The Space Station Report: An analysis of the race to build Commercial LEO Destinations (CLDs). The report evaluates contenders such as Axiom, Vast, Voyager (Starlab), Blue Origin (Orbital Reef), and Sierra Space, focusing on funding and unit economics.
- The Starship Report
Financial Models & Revenue Forecasts
Payload provides granular, bottom-up revenue models for private and public space companies, used heavily by institutional investors.
- Predicting SpaceX’s 2026 Revenue: A forward-looking forecast projecting SpaceX’s revenue growth (e.g., to $23.8B), driven by specific Starlink subscriber adoption rates and launch manifest projections.
- Estimating SpaceX’s 2025 Revenue: A detailed revenue model build for SpaceX in 2025, breaking down income streams from Starlink (residential, mobility, enterprise) and Falcon 9/Heavy launch services.
- Globalstar’s Revenue and Net Income: An analysis of Globalstar’s financial health, specifically focusing on its wholesale satellite capacity agreement with Apple and its impact on long-term profitability.
Strategic Industry Analysis
These deep-dive articles and data products focus on specific technology verticals or infrastructure challenges.
- Charts Defining the Space Industry in 2025: A visual data report summarizing the year’s defining “macro” trends, including venture capital flows, launch cadence records, and government budget shifts.
- Commercial Satellite Bus Offerings: A comparative analysis of the satellite manufacturing market, evaluating bus platforms from legacy primes versus new-space entrants.
- The State of US Launch Pads: Investigates the critical bottleneck of launch infrastructure, assessing the capacity of ranges like the Eastern Range (Cape Canaveral) and Vandenberg to support increasing flight rates.
- Kuiper Economics, Demand, and Regulatory Hurdles: A critical look at Amazon’s Project Kuiper, analyzing its $10B+ investment commitment, user terminal costs, and the regulatory timeline pressures.
- Clouds Above the Clouds: A Look at the Space Data Centers Opportunity: Examines the emerging business case for in-orbit data processing and storage, profiling startups attempting to build data centers in space.
