Karman Space & Defense
Missile, hypersonics, and launch propulsion hardware company. Rebranded from Karman+. Part of 2025-2026 space IPO wave.
FINANCIAL HEALTH
CAPITAL & CREDIT PROFILE
Reported fundamentals from SEC XBRL companyfacts. Derived figures carry their formula in the caption.
Latest quarter (Q1 ended 2026-03-31, filed 2026-05-14): revenue $151.2M · net income $7.8M · cash $73.8M — SEC XBRL.
DEBT TRANCHES (1)
| Tranche | Principal | Rate / spread | Maturity | SEC accession |
|---|---|---|---|---|
| Citi Term Note | $505.0M | — | 2032-04-01 | 0002040127-26-000014 |
| Total (unmatured) | $505.0M |
Total = sum of listed unmatured tranche principal. Extracted from SEC filings; tranche-level, not exhaustive. Rate / spread = interest_rate_bps ÷ 100 — fixed coupon or floating-rate spread, as extracted from the filing; floating-rate bank debt shows the spread over its reference rate, not all-in cost.
SECTOR POSITION
RECENT COVERAGE
| Date | Source | Headline |
|---|---|---|
| Jul 20, 2026 | BusinessWire — Satellite/Space | Karman Space & Defense Expands into International Market with Agreement to Acquire Glasgow-Headquartered Walker Precision Engineering, a Leading Supplier to the European Missile Industry, for $94 Million |
| Jul 04, 2026 | Spaceflight Now | Live coverage: Semiconductor manufacturing test bed to fly alongside Starlink satellites on Falcon 9 launch |
| Jun 30, 2026 | Payload Space | Payload Field Guide: CLPS Missions |
| Jun 29, 2026 | NASASpaceFlight | Pegasus XL set to air launch Swift Boost Mission to save NASA space telescope |
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Karman+ corporate site — confirms asteroid mining program targeting water/volatiles extraction for in-space propellant (NASDAQ: KRMN).
METHODOLOGY
Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.
Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.