Wavestar Insights
Long-form writing from the clearing team.
- Authors
- Wavestar operators
- Cadence
- Weekly during v1 build
- Length
- 5 – 20 minute reads
- Review
- Internal; no PR filter
Featured
Reading in order of publication
Thesis
Why the orbital economy needs a clearing house
Every clearing house in financial history appeared the moment its asset class outgrew bilateral settlement. DTCC in 1973. CME in 1898. LCH in 1888. The orbital economy is that asset class today — and bilateral is breaking.
2026-04-16 · 14 min
Registry
did:orbit — one identity for every asset in orbit
Why the shared namespace is the moat. If you get identity right, clearing, operations, discovery, and attestation all compose. If you get it wrong, every module rebuilds the same problem badly.
2026-04-10 · 11 min
Regulatory
Boring regulation wins
DTCC, CME, LCH, SWIFT. We file to be treated as utility-class infrastructure — not under a novel interpretation, not under an exemption. Boring is compounding.
2026-04-03 · 8 min
Markets
The cost of bilateral propellant delivery
Twelve operators. Three ISAM vendors. Thirty-six bilateral contracts — each with its own pricing curve, insurance stack, telemetry handshake, and failure mode. Clearing compresses that matrix to one rulebook.
2026-03-27 · 10 min
Markets
How SpaceX's January 2026 filing changes the coordination math
The 29,988-satellite filing is the shape of the future at 70k-plus spacecraft. Bilateral conjunction coordination at that scale is computationally, legally, and operationally dead. Here's what replaces it.
2026-03-19 · 13 min
Markets
Inter-satellite link capacity as a clearable asset class
Kepler is in commercial service. SDA Tranche 1 is on orbit. Tranche 2 is under contract. Gbps between spacecraft is an asset — but it needs a measurement standard, a tick size, and a settlement spine before it trades.
2026-03-12 · 9 min
Technology
Merkle AND crypto, at the right layer
Why Wavestar runs a permissioned Trillian transparency log and BLS12-381 quorum signatures at the same time. They answer different questions — ordering and attestation — and both need answers.
2026-03-05 · 15 min
Corporate
Why Wavestar Holdings is a Wyoming LLC
The rails under a utility need a corporate shell that regulators, operators, and counsel already understand. No crypto-native exotica, no offshore holding, no trust structure. Boring compounds.
2026-02-26 · 6 min
Markets
Hosted-payload capacity wants an MLS
A hosted-payload slot is a real asset with a price, availability window, power and thermal envelope, and a host-bus reputation. Today those live in PDFs. Tomorrow they live on Wavestar Market.
2026-02-19 · 8 min
From the thesis
The frame we write inside
Every clearing house in financial history appeared at the moment its asset class outgrew bilateral settlement. DTCC in 1973. CME in 1898. LCH in 1888. SWIFT in 1973. Wavestar in 2026.
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