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• Hugh Leask
Scottish Mortgage Investment Trust has reduced SpaceX to 11.1% of its assets and sold its remaining Tesla stake. The changes reduce the trust’s exposure to two companies associated with Elon Musk, while SpaceX remains a significant portfolio holding.
Commercial Space
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Scottish Mortgage Investment Trust has reduced SpaceX to 11.1% of its assets and sold its remaining Tesla stake. The changes reduce the trust’s exposure to two companies associated with Elon Musk, while SpaceX remains a significant portfolio holding.
NASA has selected three companies to advance to the next phase of an effort to develop a commercial replacement for its aging Tracking and Data Relay Satellite System constellation. The selection marks a step toward shifting a critical space communications service to commercial providers.
Trump officials said Elon Musk’s company donated Starlink satellite internet service. Records show the company also received nearly $1.2 million in Pentagon awards, complicating the characterization of the service as a gift and raising questions about the relationship between the donation and federal payments.
AST SpaceMobile plans to develop its own reusable launch vehicle, powered by engines from Firefly Aerospace, to deploy its BlueBird direct-to-device satellite constellation. The companies disclosed a $1.3 billion engine agreement; AST is targeting launches beginning in 2028.
PAVE Space plans to launch a demonstration mission of IBEX, a highly maneuverable spacecraft platform designed to carry commercial and defense payloads. The mission will provide an in-space demonstration of the platform; the announcement did not specify a launch date or payload details.
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Gina Hinojosa used her first news conference since winning the Texas gubernatorial election to call for a pause in discussions over a potential sale of state park land to Elon Musk’s Space Exploration Technologies Corp. The articles provide no further details on the land or the proposed transaction.
CesiumAstro closed a $730 million Series D led by Janus Henderson, valuing the space and defense communications company at more than $4.5 billion. The financing announcement follows what the company called a fully successful Element-1 mission and the unveiling of its Synchronicity satellite constellation.
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