Bloomberg
• Carmen Reinicke
SpaceX’s first lockup expiration since its June public offering passed without the feared flood of insider selling, while the company’s stock rebounded sharply from its August low and moved toward its $150 opening trade. The rally pushed SpaceX’s market value to roughly $500 billion.
Launch Vehicles & Space Transportation
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SpaceX’s first lockup expiration since its June public offering passed without the feared flood of insider selling, while the company’s stock rebounded sharply from its August low and moved toward its $150 opening trade. The rally pushed SpaceX’s market value to roughly $500 billion.
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China’s Wenchang Space Launch Site marked its 50th launch at the end of July, even as it suffered a third launch failure this week. The setbacks come alongside expanding activity across China’s launch sites, including deployments of AI-enabled and in-space computing satellites and preparations for a lunar south pole mission.
AST SpaceMobile says it expects to expand its low Earth orbit constellation from 13 to 45 satellites by early next year, supporting beta direct-to-device service in the U.S. this year with roughly half-day coverage. Continuous service is targeted for 2027, with 10 missions booked across two launch providers.
Dozens of airports have land, runways and remote buffer zones that could be repurposed as spaceports, according to the proposal. The FAA is seeking to speed those conversions by waiving requirements under 13 environmental laws, potentially reducing regulatory barriers to new launch sites.
Chinese reusable launch-vehicle developer iSpace has secured the first batch of its Series E financing, months after closing a substantial D++ round. The company is continuing to raise capital, underscoring its ongoing funding needs as it advances its reusable-rocketry ambitions.
Firefly Aerospace reported its first quarterly revenue above $100 million, attributing the record result to a new slate of launch and defense announcements. The milestone marks a significant commercial expansion for the space company as it broadens activity across civil and national-security markets.
SpaceX launched 24 additional Starlink satellites from California on Aug. 11, completing the company’s second Starlink mission of the day. The flight adds to the company’s global internet constellation and underscores the operational tempo supporting continued deployment of Starlink’s space-based network.
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India’s effort to build a globally competitive private space sector is showing early results, with startup Skyroot Aerospace completing a successful orbital launch on July 18. The milestone provides tangible evidence that the country’s emerging commercial launch ecosystem is moving from policy ambition toward operational capability.
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