Spacecoin

Thesis

Spacecoin (SPACE) is a DePIN LEO nanosatellite constellation for decentralized internet. CTC-0 launched December 2024; CTC-1 (three satellites) launched November 2025. Listed on Binance and Kraken with a ~$22M market cap. Partnership with World Liberty Financial and NATO DIANA. Targets $1-2/month internet for emerging markets. The concept is ambitious. A decentralized satellite internet network that could serve the ~3 billion people without reliable connectivity. The Binance and Kraken listings provide liquidity, and the NATO DIANA partnership adds institutional credibility. However, the extreme risk is in the tokenomics. Only ~10% of the 21B token supply is circulating. This means massive future dilution as the remaining 90% of tokens are released. Additionally, building a satellite constellation to compete with Starlink's 6,000+ satellites is an enormous capital and engineering challenge. This is one of the highest-risk entries in the entire report. The satellite launches prove the team can execute on hardware, but the path from 4 nanosatellites to a commercially viable constellation serving millions is extraordinarily long.

Catalysts

• +Binance and Kraken listings provide major exchange liquidity
• +NATO DIANA and World Liberty Financial partnerships add institutional credibility
• +Targets $1-2/month internet for emerging markets. Massive TAM if achievable

Risks

• -Only ~10% of 21B token supply circulating. Extreme future dilution risk
• -4 nanosatellites vs Starlink's 6,000+. Orders of magnitude behind competition
• -Satellite internet constellation requires billions in capital to reach commercial scale

Common questions