About SpaceCAPEX
SpaceCAPEX follows the money in the space industry: who raised how much for rockets and satellites, who signed the contracts, and what happened to the money afterwards. The focus is Europe. SpaceX, Rocket Lab and the rest of the world come in when they change the economics for European companies.
My name is Stanislav Milchev. I’m an engineer, and for more than nine years I have worked on production equipment and automation in the automotive industry. Part of my job is approving technical budgets, so I have seen up close how machines arrive late, cost more than planned, and how slowly a real production ramp-up goes.
I read space companies with the same eyes. A new factory, a delivery schedule or a “first serial unit” in a press release means something specific to me.
How it started
A few months ago I had an argument with friends. My claim was that with AI you can learn almost anything, as long as you know how you learn best. To prove it, I picked a deliberately hard subject: rockets, satellites and the whole industry around them.
The experiment turned into a hobby. The hobby turned into notes, then a database of funding rounds and contracts. SpaceCAPEX is where all of that is now public.
How I work
Launch notes are written with the help of AI, based on sources I select. Analyses and opinions are mine. Every key number links to its source: a press release, an annual report or an official statement. If you spot an error, write to me and I will correct it openly.
Funding
SpaceCAPEX is funded entirely by me. There are no investors and no sponsors. I am open to partnerships in the future, as long as they do not affect what gets written.