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

+20.9%

% in uptrend

100%

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	$64.07	−3.14%	+8.3%	−20.2%	−8.2%	−57.4%	2026-11-09
FLY Firefly Aerospace	Small-lift launch and lunar landers	NASDAQ US	$25.31	−4.89%	+48.7%	−5.1%	+13.1%	−57.0%	2026-11-10
LMT Lockheed Martin	Satellites, ULA stake and defence	NYSE US	$604.1	−0.98%	+15.7%	−0.1%	+27.2%	−9.6%	2027-01-26
NOC Northrop Grumman	Solid rocket motors and spacecraft	NYSE US	$549.1	−0.33%	+10.8%	−5.8%	−2.5%	−27.9%	2027-01-26

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