-15%

est. 2Y upside i

AerospaceSeries B

Northwood is a modern space infrastructure company focused on connecting space and Earth. The world runs on space. Space will run on Northwood. Our global ground network ensures that missions ranging from national security, to global connectivity, to disaster response can unlock their full potential and operate every day without fail.

Rank

#2656

Sector

Aerospace and Defense

Est. Liquidity

~5Y

Data Quality

Data: Low

Equity upside is highly uncertain due to missing financial data.

Last updated: July 19, 2026

Bull (15%)+62%

Space Force contract drives revenue to $50M, and IPO window allows multiple to stay at 18x, yielding $900M exit (125% upside gross; net ~62% after 20% dilution).

Base (55%)-39%

Revenue reaches $40.5M, exit multiple decays to 6x (in line with comps, $243M), a 39% decline from entry, after dilution net -50%.

Bear (30%)-100%

Revenue disappoints or competition intensifies; exit multiple collapses to 3x ($122M), below preference stack of $142M, common stock worthless.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

3550%

Total funding of $142M is 35.5% of estimated entry valuation, giving preferred stockholders a large liquidation preference ahead of common.

Dilution Risk

high

With high capital intensity and only $100M just raised, a future down round or up round within 24 months is likely, diluting common by ~20-30%.

Secondary Liquidity

none

No secondary market transactions reported; likely no liquidity for employees until a liquidity event.

View all 49 open roles at Northwood →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Northwood's data — designed to show you've done your homework.

  • 1

    “How does the company's phased array technology provide a sustainable edge over Inmarsat or BlueHalo?”

  • 2

    “What are the key milestones for the Space Force contract and how does it impact revenue growth?”

  • 3

    “What is the company's cash runway and what is the plan for future funding?”

Community

Valuation Sentiment

Our model estimates -15% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

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