What Phantom Space does

Phantom Space Corporation is a Delaware-incorporated space transportation and orbital infrastructure company founded in 2019 by Jim Cantrell, a former SpaceX employee who previously founded Vector Launch in 2016. Headquartered in Tucson, Arizona, the company is pursuing an acquisition-driven vertical integration strategy across the space value chain, having acquired StratSpace (May 2021), Micro Aerospace Solutions (August 2021), Vector Launch assets (February 2026), and Thermal Management Technologies (April 2026) to build end-to-end capabilities in launch, satellite systems, thermal management, and orbital infrastructure. Approximately 80% of the Vector Launch assets — including flight-proven design elements, launch control technology, ground support equipment, engineering data, tooling, parts inventory, and a mobile launcher — are being integrated into the Daytona rocket program.

The company's product portfolio centers on two core offerings: the Daytona small-satellite launch vehicle and the Phantom Cloud orbital data center constellation. Daytona is undergoing stage-level testing throughout 2026 with a targeted first flight in late 2027, while Phantom Cloud is positioned as a space-based data processing constellation whose thermal management capabilities are enabled by the TMT acquisition. The company also operates satellite systems and mission support services through its StratSpace subsidiary. No pricing is publicly disclosed, and the go-to-market is enterprise-focused direct sales to satellite operators and space infrastructure clients rather than self-service or retail channels.

Phantom Space is pre-revenue. The company has funded development and acquisitions through a series of SEC-exempt securities offerings — approximately $21.63M sold out of a $35M offering in 2021, a $10M offering in 2023, a Series B in late 2025, and a subsequent 2024 round led by Balerion Space Ventures — alongside seed capital from Chenel Capital Partners and ESTINVEST Ventures. The company is currently raising a Series C to fund Daytona first flight and additional acquisitions. Investor quality and ownership percentages are largely undisclosed, and no parent company, public listing, or institutional anchor of significant scale has been identified.

Name

Phantom Space

Legal name

Phantom Space Corporation

Website

https://phantomspace.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Phantom Space is a Tucson-based space transportation and orbital infrastructure company developing the Daytona small-satellite launch vehicle and Phantom Cloud orbital data center constellation for satellite operators and data center clients through vertically integrated acquired capabilities.

Ownership category

akta.pro rank

Product category

Commercial Space Launch

NAICS

Guided Missile and Space Vehicle Manufacturing (336414), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Satellite Telecommunications (51741)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Launch Vehicles & Orbital Rockets (IMABACAA)

akta.pro secondary industries

Spacecraft & Satellites (Civil/Commercial) (IMABACAB), Spacecraft Propulsion (In-Space) & Thrusters (IMABACAE), Space Payloads & Instruments (Sensors, Comms, EO/IR) (IMABACAD)

Keywords

• Small satellite launch
• Orbital data centers
• Space transportation services
• Aerospace thermal systems
• Satellite mission support

Headquarters

HQ city

Tucson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Infrastructure

Revenue model

1. Launch Vehicle Services: Revenue from developing and operating the Daytona rocket for small satellite launch services. The company aims for high-frequency launches using multiple global launch sites, targeting satellite operators requiring dedicated or rideshare launch capacity.
2. Orbital Data Center Services: Revenue from the Phantom Cloud orbital data center constellation providing space-based data processing and applications. Satellite thermal management capabilities acquired from TMT support high-performance satellite operations.
3. Satellite Systems and Mission Support: Integrated satellite systems and space mission support services from StratSpace acquisition, supporting the company's goal of democratizing space access.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Phantom Space develops and plans to operate the Daytona small-satellite launch vehicle and the Phantom Cloud orbital data center constellation. The company offers integrated space transportation, satellite manufacturing, mission support, and space-based data processing services, with planned high-frequency launches from multiple global launch sites.

Product overview

Phantom Space is a space transportation and orbital infrastructure company offering a multi-product portfolio centered on two core offerings: the Daytona rocket launch vehicle for small-payload orbital delivery, and the Phantom Cloud orbital data center constellation for space-based data processing. The company has pursued an aggressive vertical integration strategy through acquisitions including StratSpace (space transportation and satellite services), Vector Launch assets (launch vehicle technology and infrastructure), and Thermal Management Technologies (satellite thermal components). These acquisitions enable the company to control key elements of the space value chain from launch services to satellite manufacturing to orbital data infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Daytona Rocket Small-satellite launch vehicle under development, integrating assets acquired from Vector Launch including flight-proven design elements, launch control technology, ground support equipment, engineering data, tooling, parts inventory, and mobile launcher. Targeting first flight in late 2027 with stage-level testing throughout 2026.
• Phantom Cloud Orbital Data Center Constellation Space-based data center constellation designed to provide high-performance data processing and applications in orbit. Leverages thermal management technology acquired from TMT to support high-performance satellite operations.
• StratSpace Satellite Systems and Mission Support Acquired subsidiary providing satellite systems and space mission support services, integrated to support Phantom Space's goal of democratizing space access.
• Thermal Management Technologies (TMT) Satellite Thermal Systems Aerospace thermal systems manufacturer and supplier of satellite thermal components, providing thermal protection and management solutions for high-performance satellites.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• SpaceX: The dominant small-to-heavy launch provider globally, including rideshare missions that set the price floor for the smallsat segment Phantom Space targets.
• Northrop Grumman: Established aerospace prime with launch (Pegasus, Minotaur) and space systems businesses; competes for government and commercial launch and satellite services contracts at scale.
• Blue Origin: Developing New Glenn and broader space services; represents the well-capitalized incumbent pressure on small-to-medium launch economics.

Direct peers

• Astra: Developed small-launch vehicles (Rocket 1, Rocket 3) before pivoting toward space services and spacecraft engines; a cautionary small-launch peer that experienced repeated launch failures.
• Rocket Lab: Operates the Electron small-launch vehicle and is developing Neutron, while also operating a Space Systems business for satellite manufacturing and components—the closest analogue to Phantom Space's combined launch + satellite services model.
• Relativity Space: Develops mid-to-large launch vehicles (Terran 1, Terran R) using additive manufacturing; competes for the same pool of small-to-medium payload customers and uses vertical integration as a core strategic pillar.
• Firefly Aerospace: Develops the Alpha small-launch vehicle and provides responsive space services; competes head-to-head with Daytona for small-satellite launch contracts and shares a similar pre-first-flight profile.
• ABL Space Systems: Develops the RS1 small-launch vehicle targeting dedicated and responsive smallsat launch—directly comparable technology and customer segment to Phantom's Daytona.

Emerging players

• Lumen Orbit: Early-stage company building orbital data center infrastructure for in-space compute—a directly comparable emerging player to Phantom Space's Phantom Cloud constellation thesis.

Others

• Virgin Orbit: Developed air-launch smallsat capability before ceasing operations; a defunct historical peer that illustrates the execution and capital challenges facing the small-launch segment Phantom Space is entering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/53212707

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phantom Space