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Berenberg Initiates Space Coverage With Buy Ratings

September 3, 2026

2 min read

Key Takeaways

Berenberg Bank initiates space sector coverage with Buy ratings.
Space economy valued at over $500 billion in 2025.
Rocket Lab, AST SpaceMobile, Planet Labs, and HawkEye 360 receive Buy ratings.
Global defense space spending reaches $74 billion in 2025.

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Strategic Implications

Berenberg's move may indicate growing investor confidence in the space sector, which could lead to increased funding and partnerships. The focus on vertically integrated launch and differentiated constellation capabilities suggests a shift towards more sustainable and competitive business models, which may benefit companies like Rocket Lab and AST SpaceMobile.

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What Happened

Space Economy Tops $500 Billion Amid Launch Cost Decline

Berenberg Bank has launched coverage of the space sector, initiating Buy ratings on several key players, including Rocket Lab USA, AST SpaceMobile, Planet Labs, and HawkEye 360. The move comes as the space economy surpasses $500 billion in value, driven by declining launch costs and increasing demand for commercial space services. Analyst Michael Filatov cited defense and sovereignty spending as the sector’s most de-risked demand driver, with global defense space spending reaching $74 billion in 2025. This development was first reported by BigGo Finance.

Source | Originally Published: September 2, 2026

Companies Mentioned