The Air Force Research Laboratory utilizes a value model as a primary input for space technology planning and budgeting. The Space Sector at AFRL headquarters manages space technology investment across all the geographically disparate technical directorates and ensures that integrated planning is achieved across the space community. The space investment portfolio must ultimately balance near, mid, and far-term investments across all the critical space mission areas. Investment levels and growth areas can always be identified by a typical capability analysis or gap analysis, but the value model approach goes one step deeper and helps identify the potential payoff of technology investments by linking the technology directly to an existing or potential concept. The value of the technology is then viewed from the enabling performance perspective of the concept that ultimately fulfills the Air Force mission. The process of linking space technologies to future concepts and technology roadmaps will be reviewed in this paper, along with representative results from this planning cycle. The initial assumptions in this process will be identified along with the strengths and weaknesses of this planning methodology.