Space Forge
In-space manufacturing via returnable satellites for advanced materials production in microgravity.
FINANCIAL HEALTH
SCHEDULE CREDIBILITY
How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.
| Source | Events | Late (share) | Median slip | Median slip, late only | Sub-score | On-time allowance |
|---|---|---|---|---|---|---|
| Roadmap milestones | 1 | 1 (100%) | 209 d | 209 d | 14.4 | 30 d |
WORST SLIPS (RECEIPTS)
| Commitment | Source | Announced | Outcome | Slip |
|---|---|---|---|---|
| ForgeStar-1 demo satellite launched for first full manufacturing test (Space Forge) open, 209d past target | Roadmap milestones | 2025 | still open | 209 d and counting |
SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.
Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17
SECTOR POSITION
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Space Forge corporate press page documents the June 2025 ForgeStar-1 launch on SpaceX Transporter-14 (UK's first in-space manufacturing satellite), March 2026 in-orbit subsystem demonstration, and fun
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.