Asset universe

12,116 orbital assets. 83 operators. Continuously monitored.

Coverage spans LEO, MEO, and GEO orbital regimes across commercial, government-backed, and hybrid operators. Risk scores and PD estimates update as new telemetry and financial data arrive.

12,116

Total assets

Operators

1,545

Low risk

10,136

Moderate risk

432

High risk

Critical risk

Risk distribution

Low

1,545

Moderate

10,136

High

432

Critical

The CRITICAL concentration is driven by fleet-size debris liability scoring. SpaceX / Starlink (9,777 assets) accounts for the majority of CRITICAL-rated assets: operators with large active constellations carry elevated orbital risk scores reflecting uncollateralised debris reserve exposure, not financial distress. Asset-level probability of default outputs from the ALPHA engine are the relevant metric for individual credit underwriting.

By orbit class

Orbit	Asset types	Assets
LEO	Constellation · Comms · IoT	9,849
SSO	Earth Observation · SAR · Analytics	1,143
GEO	Broadcast · Broadband · Fixed	583
MEO	Navigation · O3b Broadband	551
Cislunar	Deep Space · Science	4

Illustrative sample · 8 of 12,116 rated assets

Asset	Operator	Orbit	SIGMA	PD 1yr	PD 3yr	Data conf.	Risk
ICEYE-X58	ICEYE	SSO	1.34	1.10%	3.26%	83.3%	Low
ORBCOMM-X	Orbcomm	SSO	1.45	6.00%	18.00%	84.1%	Low
INTELSAT 21	Intelsat	GEO	1.58	6.00%	18.00%	89.4%	Low
VIASAT 1	Viasat	GEO	1.67	2.50%	7.50%	84.6%	Low
SES 8	SES	GEO	1.77	6.00%	18.00%	81.7%	Low
O3B FM1	SES/O3b Networks	MEO	1.99	6.00%	18.00%	82.5%	Low
FLOCK 1B-1	Planet Labs	LEO	2.12	1.81%	5.32%	86.3%	Moderate
KUIPER-00010	Amazon Kuiper	LEO	2.90	2.85%	8.25%	86.2%	Moderate

Data confidence methodology

Every asset carries a field-level data confidence score computed from source quality, recency, and completeness. Compustat-sourced financials score at 0.89; manually collected data at 0.57–0.69. The confidence-weighted BMA blender adjusts rule/ML weight accordingly: high-confidence data routes to 85% ML.

Platform-wide mean confidence: 0.834. Assets with confidence below 0.40 are flagged for manual review and excluded from portfolio aggregation until resolved.

Coverage completeness

All 12,116 active assets in the scored universe carry both a SIGMA risk score and a full ALPHA credit band with probability of default at 1, 3, and 5-year horizons. Zero unrated assets remain. Commercial, institutional, and sovereign operators are covered under separate ALPHA routing models calibrated to each operator type.

Sovereign operators are scored using a country-band PD model graduated from AAA to CCC. INFRASTRUCTURE operators use a DSCR-based hazard model aligned to Moody’s project finance methodology. GROWTH operators use a cash runway and equity cushion framework for pre-profitability entities.