Bloomberg
• Carmen Reinicke, Yiqin Shen
SpaceX’s shares have traded within a narrow range, but the company could receive a buying boost when the Nasdaq-100 undergoes its quarterly rebalancing later this month. The potential increase in index weighting would prompt additional demand from funds tracking the benchmark.
Commercial Space
Latest source-backed stories
Earth observation company Satellogic appointed Frank “Trey” Whitworth, the former director of the National Geospatial-Intelligence Agency, as its president on Sept. 8. The leadership change brings a former senior U.S. geospatial-intelligence official into a top executive role at the satellite operator.
Pivotal Research initiated coverage of SpaceX with a buy rating, arguing the company can overcome Starship’s reusability bottleneck. The firm sees a successful solution potentially supporting Starlink’s expansion into part of the $1.7 trillion terrestrial and wireless communications market, while failure could leave SpaceX smaller than expected.
SpaceX’s shares have traded within a narrow range, but the company could receive a buying boost when the Nasdaq-100 undergoes its quarterly rebalancing later this month. The potential increase in index weighting would prompt additional demand from funds tracking the benchmark.
SpaceX and Blue Origin have canceled their participation in the International Space Summit in Paris on Sept. 9-10, where ESA and other stakeholders will debate Europe’s role in the next phase of space exploration and its position relative to the United States and China.
Hydrosat and Kazakhstan’s JSC “NC “KGS” have established a framework to assess a dedicated thermal-infrared satellite constellation. The proposed capability would focus on supporting water-security needs across Central Asia, though the announcement does not specify a development timeline, funding structure or constellation size.
Infinite Orbits has opened a new assembly, integration and testing facility in Toulouse, built in six months. The French startup says the site will support its Orbit Guard and Endurance satellite services and reflects Europe’s NewSpace industrial base.
High activity
Stoke Space has completed the initial closing of a roughly $1 billion Series E round, bringing total capital raised to $2.3 billion. The funding will support the first launch of its fully reusable Nova vehicle and development of a larger rocket designed for higher-payload missions.
Create a free account to see more recent Commercial Space stories and keep bookmarks in one place.
