MARKET INFRASTRUCTURE FOR THE SPACE ECONOMY

We define what a financeable orbital asset is.

Space companies can borrow against their contracts. They cannot borrow against their assets — because nobody can say what an orbital asset is worth, what condition it is in, or who has a claim on it. We build the classification, the register, the valuation method and the language of risk that let capital price what it is lending against. We never own an asset. We never place capital.

See the two arms Explore the price series

WHAT WE DO — IN ONE DIAGRAM

Two arms, one wall.

Knowledge flows down across the wall. Money never flows up.

Arm One

Fibonacci Advisory — funds it

Paid: retainers & fixed fees.
Never a percentage.

Origination

Counterparties found in the field, vetted through seven gates before any name is exposed.

Regulatory

Licensing strategy across FAA Parts 413, 415, 420, 433 and 450. Mission authorisation support.

Government

SBIR / STTR routing, defence solicitations, NASA vehicles, prime and supplier teaming.

Commercial

Warm introductions on mutual consent, infrastructure and facility advisory.

→

Revenue + sector knowledge

Funds the institution. Tells us what the market actually needs measured.

See how Advisory works, in detail →

The Wall

Advisory clients receive no advantage in assessment. Contingent compensation is disqualifying. Determinations are made by a committee with an independent majority we cannot overrule. Every relationship is disclosed on the face of the record.

Arm Two — dominant

Fibonacci Standards

Paid: published rate cards.
Identical for all. Never contingent.

←

Authority compounds

The one asset here a competitor cannot buy.

First

Reference pricing

What things actually cost, recorded and published on a rhythm. Free. Live

Second

Classification

Nine dimensions against disclosed evidence. Three classes, published reasons, never a score. In development

Third

The register

Ownership, condition, encumbrance. Basic entries free — full history by subscription. In development

Fourth

Valuation

A method for pricing an asset class with no comparables. Needs years of the first three. Not started

See how classification works, in detail →

WHERE THIS CAME FROM

A decade in the industry, one gap that never closed.

A decade inside launch and satellite programmes — SpaceX, Blue Origin, Amazon Kuiper, Airbus, Vaya Space — and direct ownership of FAA regulatory milestone schedules across five program types. Good technology kept losing to companies that merely held a bigger contract. That is not a market working correctly. It is the downstream effect of a missing instrument, and instruments can be built.

Access alone was never the moat. Judgment is — and judgment is only worth something if it cannot be bought.

Read the full story, the thesis, and how we see this working end to end.

Our story →

CREDIBILITY

What we can claim, and what we still have to earn.

No classification body for orbital assets exists today. That is the opportunity, and it also means our authority has to be earned determination by determination.

We can claim this today

A decade inside launch and satellite programmes — SpaceX, Blue Origin, Amazon Kuiper, Airbus, Vaya Space.

Direct ownership of FAA regulatory milestone schedules across Parts 413, 415, 420, 433 and 450.

Operator relationships across the supply chain and infrastructure layers.

A defensible reading of where the gap is, tested against counsel and adversarial review.

Ali — headshot

Kineo — headshot

We must earn this

Recognition as a classification authority.

A published standard that operators have adopted.

A register that lenders and insurers actually consult.

A body of determinations the market has priced off.

Standing in the policy process on the strength of that record.

THE PROBLEM

Space companies can borrow against their contracts. They cannot borrow against their assets.

No title → no collateral → no debt → equity only → the small players get bought out.

✕No published reference price for anything.

✕No classification or condition standard for any asset class.

✕No commercial register of ownership, condition or encumbrance.

✕No standard contract instruments.

✕No qualification pathway for a supplier trying to enter.

✕No actuarial base for the people pricing the risk.

THE SOLUTION

None of this needs new law. It needs someone to start writing it down.

Four instruments, published in order, close the list above — each one funded by the last, none of them owned by us once they're built.

FIRST

Reference pricing

Answers: no published price for anything.

Live

SECOND

Classification

Answers: no condition standard, no actuarial base.

In development

THIRD

The register

Answers: no record of ownership, condition or encumbrance.

In development

FOURTH

Valuation

Answers: no way to turn a grade into a number.

Not started

See how it works, in detail →

BOUNDARIES

What we will not do.

For an institution, the refusals are the product. A rating agency that owned the bonds it rated would be worth nothing, and everyone in this market knows it.

We do not own assets.

We do not place capital or introduce investors.

We do not take a percentage of any transaction.

We take no success fee, carry or equity in anything we assess.

We do not practise law. Filings and opinions run through licensed counsel.

GO DEEPER

Two things we publish.

Live

Reference Price Series

Dated, published observations of what things actually cost — free, and updated on a weekly rhythm.

View the series →

In development

The Classification Standard

Nine independently-evidenced dimensions. Three published classes, reasons stated every time, never a numeric score.

See how it works →

Coming soon

Ships, Not Buildings — the white paper

Making orbital assets financeable. In counsel and embargo-reader review. Free on publication, no email gate.