Capital markets for orbital infrastructure.
Orbit is becoming the next layer of global infrastructure. Clarke maps the market behind it.
Satellites power GPS, global internet, broadcast television, weather forecasting, navigation, and military communications. The physical and regulatory systems underlying this (satellites, orbital positions, spectrum rights, and operating licenses) form a global infrastructure layer worth hundreds of billions of dollars.
Prices are buried across private transactions, ITU filings, spectrum coordination agreements, SEC disclosures, and satellite acquisitions. Clarke aggregates and normalizes this fragmented market into a single intelligence and pricing layer.
Most commercial communications satellites operate in geostationary orbit (GEO), a narrow ring approximately 35,786 km above Earth where satellites move at the same speed Earth rotates. From the ground, they appear fixed in the sky.
Because satellites operating too closely together interfere with one another, the commercially viable positions within this ring are finite and unevenly distributed across coverage regions, spectrum bands, and regulatory regimes. These positions are known as orbital slots.
Orbital positions are coordinated internationally through the International Telecommunication Union and licensed through national regulators. Operators regularly acquire, lease, transfer, and consolidate these rights through private agreements and corporate transactions. Prime GEO coverage regions serving North America, Europe, and Asia can underpin infrastructure worth billions of dollars over a satellite's lifetime.
Not all orbital regimes work the same way. Each has different physics, economics, and value models.
The most economically concentrated orbital regime.
Satellites in GEO remain fixed relative to Earth, allowing continuous coverage over the same geographic region. GEO powers television broadcasting, weather systems, military communications, and long-duration telecommunications infrastructure. Value in GEO is driven by regulatory incumbency, spectrum rights, coverage geography, and the growing range of infrastructure types the positions can support. This is the primary market Clarke focuses on.
The fastest-growing orbital regime.
LEO satellites move rapidly relative to Earth, requiring large constellations for continuous coverage. SpaceX's Starlink, Amazon Kuiper, and OneWeb all operate in LEO. The valuable assets in LEO are not fixed positions but spectrum rights, orbital shell access, launch cadence, and congestion management.
Primarily used for navigation infrastructure.
MEO hosts GPS, Galileo, and BeiDou navigation systems. MEO occupies the middle ground between GEO persistence and LEO latency.
Pricing
Orbital infrastructure changes hands constantly through satellite acquisitions, spectrum leasing, hosted payload agreements, coordination settlements, fleet consolidations, and regulatory transfers. But there is no unified market data layer, no public pricing index, and no canonical registry of ownership, congestion, utilization, or implied asset value. Clarke is building the first one.
Trading
Orbital rights are tied to international coordination frameworks, national licensing regimes, and spectrum approvals. The economic interests surrounding these assets already move through private markets, however, and Clarke's long-term thesis is that orbital infrastructure will evolve into a recognizable capital market, with registries, indices, leasing markets, liquidity layers, and exchange infrastructure, as the systems surrounding it come to resemble the financial infrastructure that developed around terrestrial real estate, spectrum, energy, and telecommunications networks.
Launch costs have collapsed, orbital congestion is accelerating, and space infrastructure is becoming commercially indispensable. Orbit is now complex enough, contested enough, and economically important enough to support dedicated market infrastructure.
Clarke is the market intelligence and registry layer for orbital infrastructure.
The platform maps:
- orbital occupancy
- spectrum coordination
- infrastructure ownership
- congestion risk
- operator relationships
- historical transactions
- implied asset valuations
Built from public ITU, FCC, SEC, and operator data that has never been normalized into a single system.
Clarke covers all major orbital regimes, beginning with GEO, where regulatory incumbency is durable, infrastructure values are highest, and the market structure is most mature.
Over time, Clarke aims to become the financial coordination layer for the orbital economy.
Three GEO slots on devnet.
$ASTRA19, $SES28, and $SATMEX101 are modeled on Solana devnet. Connect a wallet, get free devnet SOL, and try the invest and yield flow end-to-end.
SES · $400M+
SES · $300M+
SES · $350M+
Be first when the market opens.
Live pricing data, real operator partnerships, and the first tradeable orbital positions.