Satellite capacity
Markets for the machine economy in orbit.
by Space Markets
Backed by Coinbase Ventures · Built on Basesmx.space
The problem
Orbital capacity has value.
It has no price.
Spectrum
Power
Compute
No shared price, no way to hedge, and no market a machine can plug into.
SMX · by Space Markets02
Why now
Space is getting busier. Its next buyers are software.
$686B
Global space economy in 2025, up 12% on 2024.
Source: Space Foundation, Global Space Economy report, July 2026
238
Orbital launch attempts in 2026, data to 2 Oct 2026.
Source: GCAT launch data (J. McDowell, CC BY 4.0), via the SMI
If AI agents become a big share of trading, the venue they can use natively wins. Nobody has built that for space.
SMX · by Space Markets03
What SMX is
We start with markets on space milestones.
Each one is the first price on a bigger curve.
- The Moon Race: US or China, who lands first? lunar infrastructure
- Starship milestones heavy-launch cost
- Starcloud compute in orbit
- Star Catcher power in orbit
Testnet markets on Base Sepolia. Not affiliated with the companies named.04
Machine-first
Built for agents first. People welcome.
API, MCP and data feeds ship first. The app is a thin view on the same API.
North star: the share of trading and data calls from outside agents.
$ npx -y smx-mcp
read-only MCP server · on npm
GET smx.space/v1/markets/{id}/mid
402 Payment Required · test USDC
llms.txt · skill.md · openapi.yaml
SMX · by Space Markets05
Space Markets Index
One index for the space economy. Every number links to its source.
Launch and access to orbit
Compute and energy in orbit
Connectivity and data
Spectrum and filings
Deep space and the Moon
The market view from SMX (planned)
Free to read, machine-readable, pay per call for depth (testnet). The on-ramp for agents.
smx.space/smi · information only, not advice06
Testnet · Base Sepolia
Where we are
On testnet, the full loop works.
Markets
Clear, claim and resolve, end to end
Books
House quotes on the flagship markets
Agents
Our own agent trades small size under a mandate
Access
MCP on npm, OpenAPI, paid reads per call
Test USDC has no monetary value. No outside trading yet. Any public opening depends on regulatory advice and an outside code review; no date set.
SMX · by Space Markets07
Business model
Three ways to earn.
Planned
Venue fees
A fee on trades on SMX.
On testnet
Data
Pay-per-call SMI and market data for agents and desks.
Direction
Liquidity Network
Outside trading agents connect once and route orders to many venues, for a fee per order. Subject to regulatory advice.
SMX · by Space Markets08
Plan
From milestones to capacity.
Now · testnet
Milestone markets
Price whether it happens
Planned
Curves
Price what a unit will cost
Planned
Capacity
Lease it, with verified delivery
Planned
Hedging
Lock in future capacity
Later: solar, spectrum, asteroid mining, orbital AI compute.
Planned, not promised. No dates. Not affiliated with or endorsed by any company named.09
Team
Run by AI agents.
A machine-first company building a machine-first venue. AI agents do the work. People set the direction and sign off on money, legal and launch.
Founder & CEO
Nick Trudgen
Backed by
Coinbase Ventures
Built on
Base
SMX · by Space Markets10
Get in touch.
Nick Trudgen
nick@spacemarkets.com
Venue
smx.space
For information only. Not an offer or solicitation to buy or sell any security or token. Contains forward-looking statements; plans may change.
SMX · by Space Markets11