Reuters
Elon Musk held a 48.4% stake in SpaceX as of June 30, according to a regulatory filing. Based on current market prices, the holding is valued at more than $900 billion, underscoring the scale of Musk’s ownership in the closely watched commercial space company.
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CesiumAstro is acquiring Jariet Technologies, a semiconductor specialist, to expand its in-house technology capabilities as the phased-array antenna company advances plans for a future communications constellation. The deal strengthens CesiumAstro’s vertical integration across antenna and semiconductor technologies.
Elon Musk held a 48.4% stake in SpaceX as of June 30, according to a regulatory filing. Based on current market prices, the holding is valued at more than $900 billion, underscoring the scale of Musk’s ownership in the closely watched commercial space company.
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SkyFive and Bluebox are partnering to help airlines turn air-to-ground connectivity into stronger ancillary revenue and passenger-experience offerings. Separately, Blue Origin has selected RBC Signals to support its Quartz global ground-station network, which is expected to reach nine sites by year-end for missions in low Earth orbit and beyond.
Firefly Aerospace expects $435 million in revenue in 2026, with rocket launches accounting for roughly 10% of the total. The company, whose business is heavily weighted toward satellite systems for U.S. civil and government customers, plans two more Alpha launches this year and has five lunar missions in development.
High activity
Stoke Space Technologies is raising $1 billion to advance development and production of Nova, a fully reusable rocket designed to compete with SpaceX, according to people familiar with the matter. The financing would support Stoke’s effort to scale a launch vehicle positioned against SpaceX’s established market presence.
The maritime satellite communications market is entering a new growth phase, with service revenues forecast to reach $3.79 billion by 2035. Next-generation non-geostationary satellite networks are expected to reshape how vessels and maritime operators access connectivity at sea.
Telesat’s latest financial results point to near-term pressure through the first half of 2026, while debt maturities over the next 18 months raise financing concerns. The Canadian satellite operator nonetheless remains optimistic about Lightspeed, its planned satellite connectivity initiative.
The U.S. Space Force is funding five companies to demonstrate interoperability across commercial satellite systems for its open-architecture Space Data Network, whose proliferated low-Earth-orbit backbone is being supplied by SpaceX. Separately, Impulse Space received a $28 million SBIR Phase III extension supporting two VICTUS SALO missions.
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