Gravitics Holdings, a developer of large space structures and orbital systems, has announced terms for its planned Nasdaq IPO, seeking to raise $125 million. The offering will give investors exposure to a young space infrastructure company serving government and commercial customers, including Axiom Space, as demand for orbital infrastructure continues to develop.

Company Background

Gravitics Holdings is a Miami-based space systems developer focused on the design, development and commercialization of large structures for use in orbit. Founded in 2021, the company develops orbital carriers, cargo logistics spacecraft, space station modules and related engineering and technical services.

Its primary customer base consists of government entities and companies operating in the commercial space industry. This positions Gravitics within an emerging segment of the space economy focused not only on launching spacecraft, but also on building the infrastructure required to support increasingly active orbital operations.

A key component of the company’s business is its relationship with Axiom Space. Gravitics highlights a $125 million fixed-price contract with Axiom Space for the development and delivery of a cargo vehicle compatible with berthing to Axiom’s commercial space station. Axiom is identified as a related party.

Despite its ambitious focus, Gravitics remains an early-stage company. It recorded approximately $0.4 million in revenue for the 12 months ended March 31, 2026, underscoring the significant gap between its current revenue base and the potential scale of its highlighted contracts.

IPO Details

Gravitics Holdings plans to raise $125 million by offering 8.1 million shares at a proposed price range of $14 to $17 per share.

At the midpoint of the range, the company would command a fully diluted market value of approximately $693 million.

The company plans to list on the Nasdaq under the ticker symbol GVTX, with Lucid Capital Markets serving as the sole bookrunner.

The IPO is structured in connection with a merger with OTC-listed shell company Non-Invasive Monitoring Systems, which had discontinued its operations in 2019. Ahead of the listing, the combined company will be renamed Gravitics Holdings.

Market Context & Opportunities

The commercial space industry is developing beyond traditional launch services as companies and governments invest in infrastructure capable of supporting longer-term activity in orbit.

Gravitics is targeting this emerging opportunity through products designed for cargo transportation, orbital structures and space station infrastructure. The company’s focus on large space structures could provide exposure to the development of commercial space stations and other orbital platforms.

Its contract with Axiom Space is particularly important because it provides a potential pathway into the growing commercial space infrastructure market. If demand for commercial stations, orbital logistics and related services expands, Gravitics could have opportunities to develop additional contracts with government and private-sector customers.

The company could also benefit from the broader expansion of the space economy as more organizations seek infrastructure capable of supporting increasingly complex missions.

Risks & Challenges

Gravitics faces significant risks associated with being an early-stage space technology company. Its $0.4 million in revenue for the 12 months ended March 31, 2026 is small relative to the proposed $693 million fully diluted valuation at the IPO midpoint.

The company is also operating in an industry where development programs can require substantial capital, advanced engineering capabilities and lengthy timelines. Delays in spacecraft development, manufacturing or delivery could affect financial performance and customer relationships.

Customer concentration and reliance on major contracts are additional considerations. The highlighted $125 million Axiom Space contract represents an important opportunity, but the company’s ability to translate that relationship into recurring business and additional contracts remains uncertain based on the information provided.

Competition could also intensify as established aerospace companies and newer space technology firms pursue opportunities in orbital infrastructure and logistics.

Outlook

Gravitics Holdings’ planned $125 million Nasdaq IPO offers investors an opportunity to participate in the emerging market for commercial space infrastructure. The company’s focus on orbital structures and logistics, combined with its highlighted Axiom Space contract, provides a potentially significant growth opportunity.

However, the company’s limited revenue base means investors will likely be evaluating its execution, contract development and ability to scale far more closely than its current financial performance. The key question will be whether Gravitics can convert its space infrastructure ambitions and major customer relationships into a sustainable commercial business, or whether the IPO will remain primarily a bet on the long-term expansion of the space economy.