+36%

est. 2Y upside i

DevOps & InfraSeries C

Infrastructure as code management platform for Terraform Pulumi and CloudFormation

Rank

#1734

Sector

DevOps

Est. Liquidity

~3Y

Data Quality

Data: Low

Spacelift offers moderate upside potential (36% expected return) over 2 years, but with significant risk from incumbent competition and a high preference stack.

Last updated: July 3, 2026

Bull (20%)+133%

Spacelift capitalizes on IPO window and category leadership, sustaining a 12x revenue multiple on projected $39.7M revenue, yielding $475.8M exit value – a 2.3x return on the $204M entry valuation.

Base (35%)+56%

Revenue grows to $39.7M with moderate deceleration; exit multiple compresses to 8x due to competitive pressure from HashiCorp/IBM and cloud giants, yielding $317M exit – a 1.55x return.

Bear (45%)-22%

Multiple contracts to 4x on $39.7M revenue due to intense competition and slower growth, giving $158.6M exit – a 22% loss. Since exit exceeds total funding of $82.3M, common stock avoids -100% wipeout.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

40%

Total preferred stock of $82.3M represents ~40% of estimated entry valuation, creating significant overhang for common shareholders in an exit below $200M.

Dilution Risk

low

With $82.3M total funding and moderate burn, no near-term dilutive raise expected.

Secondary Liquidity

none

No secondary trading activity reported; liquidity expected only through IPO or acquisition.

View all 3 open roles at Spacelift →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Spacelift plan to differentiate from HashiCorp's Terraform Cloud given IBM's backing?”

  • 2

    “What is the company's TAM and what is the current market penetration?”

  • 3

    “What is the typical employee equity grant value and liquidity timeline for common stock?”

Community

Valuation Sentiment

Our model estimates +36% 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.