-87%

est. 2Y upside i

AerospaceSeed

Basalt brings AI into orbit for business and defense.

Rank

#1103

Sector

Aerospace, Enterprise Software, Space Technology

Est. Liquidity

~7Y

Data Quality

Data: Medium

Basalt presents a moderate upside opportunity driven by its innovative software-defined approach in a high-growth space technology market.

Last updated: February 23, 2026

Bull (25%)+350%

Basalt successfully scales its Dispatch OS, secures major enterprise and government contracts, and becomes a leader in software-defined satellite constellations.

Base (30%)+100%

Basalt achieves moderate traction and is acquired by a larger aerospace or tech company seeking to integrate its OS technology.

Bear (45%)-80%

Basalt struggles with high capital intensity, regulatory hurdles, or intense competition from incumbents, leading to a distressed sale or failure to secure further funding.

Est. time to liquidity~7.0 years

Preference Stack Risk

high

Investors hold $4M in liquidation preferences ahead of common stock. In an exit at or below the estimated $20M valuation, employees with common stock would receive little to nothing until this $4M preference is paid out.

Dilution Risk

high

As a seed-stage company, Basalt will require multiple additional funding rounds (Series A, B, C, etc.) to scale, which will lead to significant dilution for early employees.

Secondary Liquidity

none

Given Basalt's early stage, there is currently no active secondary market or tender offers for employee equity.

Community

Valuation Sentiment

Our model estimates -87% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.