# If SpaceX moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/spacex · Facet: ripple · Updated: 2026-10-09T17:24:45.559874+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, SpaceX is directly linked to 17 companies (2 supply, 16 revenue, 1 investment relationships) and reaches 30 companies within two hops; the links are backed by 38 dated sources, 7 of them primary filings (as of 2026-10-09).

SpaceX's thesis is its position as vertically integrated space infrastructure dominating both launch and Starlink. Internalizing most engines, airframes and satellites, it cut costs through reusable launch, set a sixth straight record with 165 launches in 2025 and became the US government's primary launch provider (11 of 12 NSSL, all five NASA ISS missions). Its revenue axis is Starlink, which sells broadband to 10M+ subscribers across 164 markets over ~9,600 satellites for $11.4B (61%) in 2025 — launch provides the cost advantage while Starlink provides recurring revenue. The February 2026 xAI merger (combined $1.25tn) and June Nasdaq listing ($75B raised) fused AI and capital. On the graph this node is the bottleneck fueling most satellite and lunar-lander operators' launches. Re-rating triggers are Starship commercialization, Starlink subscribers and cash flow, and xAI synergies.

## Demand chain (leading)
- T1 Northrop Grumman (https://valuechain.wiki/northrop-grumman.md)
- T2 RTX (https://valuechain.wiki/rtx.md)
- T3 Airbus (https://valuechain.wiki/airbus.md)
- T3 Boeing (https://valuechain.wiki/boeing.md)
- T3 Leonardo S.p.A. (https://valuechain.wiki/leonardo.md)
- T3 Textron (https://valuechain.wiki/textron.md)
- T1 Sidus Space (https://valuechain.wiki/sidus-space.md)
- T2 Teledyne Technologies (https://valuechain.wiki/teledyne.md)
- T3 Lockheed Martin (https://valuechain.wiki/lockheed-martin.md)
- T3 AeroVironment (https://valuechain.wiki/aerovironment.md)
- T3 Kratos Defense (https://valuechain.wiki/kratos.md)
- T1 Viasat (https://valuechain.wiki/viasat.md)
- T2 Delta Air Lines (https://valuechain.wiki/delta-air-lines.md)
- T3 American Express (https://valuechain.wiki/american-express.md)
- T1 SES S.A. (https://valuechain.wiki/ses.md)
- T1 Eutelsat Group (https://valuechain.wiki/eutelsat.md)
- T1 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T1 Globalstar (https://valuechain.wiki/globalstar.md)
- T2 Apple (https://valuechain.wiki/apple.md)
- T3 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 Target Corporation (https://valuechain.wiki/target.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T1 Intuitive Machines (https://valuechain.wiki/intuitive-machines.md)
- T1 Iridium Communications (https://valuechain.wiki/iridium.md)
- T2 Garmin (https://valuechain.wiki/garmin.md)
- T1 Satellogic (https://valuechain.wiki/satellogic.md)
- T1 Firefly Aerospace (https://valuechain.wiki/firefly-aerospace.md)
- T2 L3Harris (https://valuechain.wiki/l3harris.md)
- T1 Deere & Company (https://valuechain.wiki/deere-company.md)
- T1 BlackSky Technology (https://valuechain.wiki/blacksky.md)
- T1 Royal Caribbean Cruises Ltd. (https://valuechain.wiki/royal-caribbean-group.md)
- T1 Carnival Corporation (https://valuechain.wiki/carnival.md)
- T2 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)

## Supply chain (benefiting)
- T1 STMicroelectronics (https://valuechain.wiki/stmicroelectronics.md)
- T2 Wolfspeed (https://valuechain.wiki/wolfspeed.md)
- T2 Synopsys (https://valuechain.wiki/synopsys.md)
- T2 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T2 Cohu (https://valuechain.wiki/cohu.md)
- T1 EchoStar Corporation (https://valuechain.wiki/echostar.md)
- T2 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 Crown Castle (https://valuechain.wiki/crown-castle.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T2 AT&T Inc. (https://valuechain.wiki/at-t.md)
- T3 Corning (https://valuechain.wiki/corning.md)

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Full node: https://valuechain.wiki/spacex.md · JSON: https://valuechain.wiki/spacex.json