The space Industry is transforming and needs risk transfer tools already enjoyed by mature sectors.
We are building a marketplace to provide launch companies, orbital operators, and the downstream businesses that depend on them with the tools to hedge risks unique to the space industry.
How the marketplace works
The Swap marketplace is made up of three core components — the Swaps themselves, the trading platform which matches buyers and sellers for each trade, and the indices used to determine payments.
Swaps
Swaps are the core product enabling risk transfer for the industry. Each swap is a lightly customizable standardized contract between two parties, usually agreeing to exchange cashflows around a specific index or event.
The platform
The SEF platform matches counterparties for each Swap, provides market data, and access to Allocation risk indices.
Indices
The size and direction of periodic cash flows are determined by a reference index that tracks prices, events, or risk of the underlying market.
Each index is a data product (JSON feed) that can be used independently the trading platform for planning and risk assessment.
Serving both sides of the market
-
For Space Operators
Space operators and the businesses that count on them can use swaps to build certainty into their bottom line.
Whether that means locking in resource prices, hedging against orbital risks to revenue like space debris and solar weather, or partner risks like launch delay we have swaps that can help control the risks your business faces.
-
For Speculators
The commercialization of space is an exciting, historical moment to live through. It also represents the opening of new territory. For banks and funds eager to seize some of that new territory Swaps represent a way to get exposure without having to get an advanced degree in orbital mechanics.
