Balerion Space Ventures

Research

RISE OF THE BLACK DRAGON

RISE OF THE BLACK DRAGON

By Douglas McAdams

Space & Defense Supercycle 2020-2033 We are at the cusp of an industrial explosion. The internet's thirteen-year transformation from government networks to trillion-dollar giants 1989 to 2002 offers

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Anduril Webinar Recording

Anduril Webinar Recording

This exclusive webinar featuring Anduril Industries and Balerion Space Ventures offers a behind-the-scenes look at the technologies shaping the future of defense, autonomy, and space infrastructure. Access is limited to invited investors, partners, and industry leaders. Submit your request below to gain private access to the full recording and discussion—available only to our vetted network.

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2026 Space Maiden Schedule
AUS & NZ Space & Defense
Advanced Manufacturing
DOUG EU Landscap AUG 2025 (2)
Denmark Landscape
EU Space & Defense
Fusion Graphic
M&A Detailed
Maritime Defense
Netherlands Landscape_
Data Centers in Space
Old vs. New - The Vertical Space Economy
Return from Space
Mars & Moon
SOLID ROCKET MOTORS MARKET
STOCK DEC NUMBERS
SpaceX Launch Forecast_
Starship vs New Glen
Stock Performance Tombstones
Subterranean & Boring Companies
top 10 biggest funding rounds
top 10 predictions 2026
under earth landscape
Ground Station Segment - Technology Comps and Market Map (5)
Total Launches 263 2024
Starship Comps (4000 x 3500 px) (4000 x 4000 px)
World Economy Graphic
AI in Space
Africa Landscape
Arctic Theater
Billionaires in Orbit
Biopharma
Cosmos of Capital
State of Quantum Communications
Defense Budget Allocation Shift
Dual-use Technology Map
France Landscape
Germany Landscape
India Landscape
Japan Landscape
Lunar Exploration Ecosystem
Nuclear Energy Landscape
SF Landscape
Solar Graphic
South Korea
SpaceX Launch Cadence A Climb to Industrial Scale
Switzerland Landscape
Tech Wolrd Cup - El Segundo VS. Munich
The Global VPN Boom - A $150 Billion Opportunity
Robotics
The Nuclear Vanguard
The Power Index - SpaceX vs. Tesla
UK Landscape
Warsaw Landscape
Russia Graphic
America_s Material Dependency 1
America_s Material Dependency 2
Chinese Launch Ecosystem
Corporate Venture Landscape
UAE Landscape
Critical Ground
Ensuring American Space Superiority
LaunchMarketShare
The Iron Orbit_ Italian Space and Defense
Hegseth_s New Strat
USA vs China Nuclear Race 1
USA vs China Nuclear Race 2
Advanced Manufacturing Landscape

Rise of space & defense tech - 2025 funding rounds

"Any sufficiently advanced technology is indistinguishable from magic." Arthur C. Clarke

Anduril
$2.5b
Helsing
$682m
Saronic
$600m
Stoke
$510m
Voyager Space
$383m
Castellion
$350m
Impulse
$300m
Chaos
$275m
Hadrian
$260m
True Anomaly
$260m
Epirus
$249m
Shield AI
$240m
Apex
$200m
Varda
$187m
Isar Aerospace
$171m
Loft
$170m
Radiant
$165m
Hermeus
$159m
MuonSpace
$146m
Armada
$131m

Space & defense tech m&a - next frontiers opportunity

"One arrow alone can be easily broken but many arrows are indestructible" Genghis Khan

Space & defense tech M&A 2024
Space & defense tech M&A 2025