Space launch bottleneck tightens as prices rise and capacity limits delay satellite deployments.

The space launch market is facing a significant bottleneck as launch prices rise about 10% annually and available slots are booked years in advance. SpaceX has increased Falcon 9 prices, and other providers like Rocket Lab face delays with new rockets, limiting capacity. This shortage benefits companies like Rocket Lab and Karman Holdings, which supply launch components, while constellation operators face margin and schedule risks. The bottleneck is expected to persist until new rockets like Rocket Lab's Neutron and Blue Origin's New Glenn increase capacity, likely around 2027.