Covering Space Sector Market Trends & Indices for October 2025, including:
 
Our Core space index (up 4%) outperformed the broader markets (up ~2%) for the fifth consecutive month, driven by DTD and defense-themed names.  Our core index is up 97% YTD vs. the S&P 500’s gain of 16%.
Our Frontier index declined 2% in October and has now underperformed the market in four of the past five months, signaling a reduced investor risk appetite.  
The Satcom sector was the best performer (up 14%), driven by DTD enthusiasm (AST up 41%, Globalstar up 39%), and Viasat’s 36% gain on improving fundamentals and the pending ViaSat-3 launch.  
Fallout from the SpaceX-EchoStar spectrum deal continued to reverberate in October, with MDA shares down 21%, following a 23% selloff in Sept.  Shares of Iridium recovered 9% in October but are down 19% post-announcement.  
Funding activity remains brisk across both private and public markets, and M&A activity accelerated for the fourth straight month, hitting its highest level since the SPAC bubble (Nov’21).