RPPI
Cash-settled contracts that enable price discovery and risk transfer for launch services — without physical delivery.
Launch services are a foundational input to the satellite economy, but pricing is difficult to hedge. Capacity is forward-booked, the service is heterogeneous, and supply shocks cause discrete jumps in USD/kg costs.
Vehicle Anomalies
Grounding events reduce supply
Manifest Delays
Compressed availability windows
Demand Surges
Constellation deployments
Post initial margin to open long or short at current RPPI level.
Positions marked daily against RPPI fix. Variation margin exchanged.
Close, roll forward, or hold to expiration subject to liquidity.
At expiry, exchange the difference between average RPPI and trade price x notional kg.
Satellite operators, constellation programs, recurring launch customers.
Launch providers, resellers, brokers, integrators.
Detailed analysis of market structure, contract specifications, and use cases.
This document is for informational purposes only and does not constitute an offer to sell or a recommendation of any security.