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• Jason Rainbow
The Federal Communications Commission approved Amazon Leo’s planned $11.5 billion purchase of satellite operator Globalstar, clearing a key regulatory hurdle. Amazon’s satellite business aims to build a communications network, including direct-to-device connectivity, to compete with SpaceX’s Starlink; the FCC said the transaction would serve the public interest.
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The European Space Agency has awarded Airbus Defence and Space and Thales Alenia Space contracts for two additional Galileo satellites apiece. The Airbus award brings its total number of Galileo second-generation satellites under contract to eight, adding capacity to the European navigation and timing constellation.
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The Federal Communications Commission approved Amazon Leo’s planned $11.5 billion purchase of satellite operator Globalstar, clearing a key regulatory hurdle. Amazon’s satellite business aims to build a communications network, including direct-to-device connectivity, to compete with SpaceX’s Starlink; the FCC said the transaction would serve the public interest.
The Federal Communications Commission has approved Amazon Leo’s $11.57 billion deal to acquire Globalstar. The decision marks a regulatory milestone for the transaction, bringing the satellite businesses under a proposed combination with a value of more than $11.5 billion.
The European Defence Fund has selected French on-orbit transportation startup OSMOS X to lead a coalition examining how European countries can respond to threats in orbit. The article does not specify the consortium’s membership, funding or timetable, but places orbital security and coordinated national response at the center of the study.
Bernstein forecasts SpaceX revenue of $424 billion in 2028, below the company’s stated growth ambitions, while one analyst sees 82% upside for the stock without a Tesla merger. Coverage also links SpaceX’s prospects to Anthropic and examines how either company could eventually affect ETFs and S&P 500 holdings.
A Falcon 9 lifted off from California overnight on Oct. 27, carrying 27 additional Starlink satellites to low Earth orbit. The launch adds another batch to SpaceX’s constellation, extending its deployment cadence through a mission launched in the early morning hours.
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North Vector Dynamics closed a Series A of more than $29 million to scale its CM-70 counter-drone missile, while eVTOL developer Skyfly raised $10 million and MD Aircraft reported 250 MDA1 eViator presales. Separately, construction is beginning on NOEMI’s battery-electric amphibious-aircraft prototype, with plans to diversify its configurations.
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