Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #49

SimSpace

Recipient: SIMSPACE CORP · UEI Z9SHQVD65NU9

Obligated more than it has raised: about $1.97 in federal money for every $1 of private capital. 99% of it came through Other Transactions (OTs).

Capital raised
$107.0M
Federal obligations, FY2020–FY2026
$210.9M
Raised per $1 obligated
0.51×
Latest valuation
—
Not disclosed

Obligations by fiscal year

$M
24.4 FY20 31.9 FY21 27.6 FY22 29.7 FY23 35.0 FY24 30.7 FY25 31.7 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$1.2M
Other Transactions
$209.7M
Subawards
$0

Cite this: Defense Tech Signals, "Capital vs. Contracts: SimSpace," data as of 2026-11-08, https://data.defensetechsignals.com/c/simspace/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.