Tracked metric

Development stage

How far a commercial station has progressed toward crewed operations, on a 1–5 ladder: concept/agreement → development → ground qualification → in orbit → crewed continuous operations. Vast leads, targeting a 2026 launch of Haven-1.

Stage 3 / 5Reached · 2026 Stage 5 (crewed ops)Crewed, continuous commercial operations in orbit.

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3 stage 2026 Vast Press · 2025-11
2 stage 2025 Vast Press · 2025-11
2 stage 2025 Axiom Space Database · 2026
2 stage 2025 Voyager (Starlab) Database · 2026
2 stage 2024 Blue Origin Database · 2026

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Analysis as of Jan 29, 2026

Is there an investable bet in space stations?

by Frontier Milestones

Most station contenders are private — Vast is self-funded, Axiom and Blue Origin unlisted — leaving Voyager Technologies (NYSE: VOYG) as the main public play. Our read on a capital-hungry race with one listed runner. (Our opinion, not investment advice.)

Our read — labelled opinion, not investment advice.

Commercial Space Stations

Voyager (Starlab)

Vast

Axiom Space

Read

Explainer Jan 15, 2026

The ISS retirement is a race

NASA plans to deorbit the ISS around 2030, and a field of private stations is racing to be ready before the lights go out in low Earth orbit. We track each contender's development stage — not their press releases.

Commercial Space Stations

Vast

Axiom Space

Voyager (Starlab)

Read