Turion Space

-50%

est. 2Y upside i

AerospaceSeries B

Moving Things Around in Space, Imaging Space Objects When We're Not

Rank

#3262

Sector

Aerospace and Defense

Est. Liquidity

~4Y

Data Quality

Data: Medium

Given a negative expected upside of -50% over 2 years, the equity upside is poor.

Last updated: July 19, 2026

Bull (25%)-8%

Turion achieves 15x exit multiple due to strong national security demand and new contract wins, but dilution and high entry multiple limit upside.

Base (50%)-46%

Exit multiple converges to 10x as growth normalizes; high entry multiple and dilution lead to negative return.

Bear (25%)-100%

Exit value falls below $113M preference stack; common stock returns -100% due to liquidation preference.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

56%

Total preferred liquidation preference of $113M represents 56.5% of entry valuation, meaning common stock is deeply junior.

Dilution Risk

high

With $75M Series B raised recently, additional capital likely within 18 months due to high capital intensity.

Secondary Liquidity

none

No secondary market observed; shares illiquid until exit.

Other — 2 roles

Last updated: March 10, 2026

Questions to Ask at the Interview

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

1
“How does Turion's STARFIRE OS provide a competitive advantage over incumbents like Northrop Grumman?”
2
“What is the revenue breakdown between government and commercial customers, and how concentrated is the customer base?”
3
“What is the expected timeline to profitability or cash flow break-even given current funding?”

Our model estimates -50% 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.