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Pre-Launch · Wyoming · 2026

Investor relations · pre-launch

LCH for orbit. The bilateral volume already exists. We clear it.

Wavestar is the post-trade infrastructure for an unbundling orbital commodities market. $28 billion of bilateral spectrum deal flow has crossed in eighteen months. The FCC's April 30, 2026 EPFD modernisation just opened private bargaining as the default coordination model. Microsoft's 2024 exit from Azure Orbital fragmented the adjacent ground-station market. SDA's optical comms standard makes ISL fungible. The pieces that have to be in place before a clearing house works are in place — and dated.

Bilateral volume · 18mo

$28B

FCC EPFD vote

Apr 30 · 2026

Capital posture

Privately funded

IR contact

ir@wavestar.space

The investment thesis · summary

The unbundling has happened. The clearing layer has not.

We do not argue the orbital commodities market will eventually need clearing infrastructure. We argue that four specific forcing functions have flipped in the last eighteen months, that bilateral coordination volume already exists at scale, and that the regulatory path to a CFTC-regulated DCO plus SEC ATS plus FinCEN MSB is mapped and underway. The work is building the institution, not waiting for the market.

Spectrum bilateral · today

$28B / 18mo

Direct-to-device deal flow, uncleared. The empirical demand signal that $0 of equivalent capital has cleared through.

2030 cleared flow

$0B

Direct clearing volume across the asset-class roadmap. Spectrum and downlink lead; ISL and hosted-payload follow; ISAM is roadmap.

2030 fee pool

$0M

Direct clearing fees. Terminal, Market, Attest, and second-order index licensing additive.

Regulatory tracks

0

FinCEN MSB · SEC ATS · CFTC DCO · CFTC SEF/DCM. Filed in parallel; the moat is the paperwork, not the code.

Capital · 2026

Public-company discipline from day one of private capital.

Wavestar Holdings LLC is operated to the disclosure and governance standard of a public financial-market utility, before a public listing is on the table. The company is early by capital and young by age; the rails it is building are not. Our first institutional counterparties will onboard against public-company disclosure standards. Our capital base comes with matching expectations.

Capital posture

Privately funded

Round sizes and stage details are not disclosed on the public surface. Prospective investors and strategic partners can request the data room under NDA.

V1 window

0 mo

To production clearing — downlink first as v1 cleared market, spectrum following as SEC ATS-N goes operative.

Regulatory tracks

0

FinCEN MSB · SEC ATS · CFTC DCO · CFTC SEF/DCM. Filed in parallel; the moat is the paperwork, not the code.

Disclosure cadence

0

Quarterly investor updates to confirmed counterparties. Annual audited financials published from FY2027.

Index

Read the investor package.

Prospective investor

Request the data room.

Prospective investors, strategic partners, and institutional LPs can request the investor data room under NDA. Typical turnaround inside three business days. Read the why-now page first if you want the four forcing functions, with citations and dates.

Contact investor relationsWhy now