M&A News

New York Times

High activity

Democratic midterm gains pressure Musk-linked stocks and raise fresh questions over SpaceX’s Texas deals and a Tesla tie-up

Tesla and space-sector shares fell after Democrats won midterm victories, as investors weighed risks to Elon Musk’s political relationships and business interests. Coverage also pointed to potential challenges for SpaceX’s Texas agreements and renewed scrutiny of a possible Tesla-SpaceX merger; Morgan Stanley projected positive SpaceX free cash flow by 2031.

ch-aviation

High activity

Lufthansa signs agreement for initial 44.9% stake in TAP Air Portugal for €1 billion

Lufthansa Group has signed an agreement with Portugal’s government to acquire an initial 44.9% stake in TAP Air Portugal for €1 billion. CEO Carsten Spohr said the airlines’ networks overlap only to a limited extent, but it is too early to discuss any antitrust remedies.

ch-aviation

Republic Airways plans to integrate Mesa’s fleet by year-end 2027

Republic Airways plans to integrate Mesa Airlines’ fleet by the end of 2027. The available report does not specify the number or types of aircraft involved, or how the integration will affect operations.

Via Satellite

SpaceX discusses buying Boost Mobile or using its network as it pursues terrestrial-satellite connectivity

SpaceX has held preliminary talks with EchoStar about either acquiring Boost Mobile or securing wholesale access to its cellular network, according to sources cited in the reports. Either path could give SpaceX a terrestrial network component for a hybrid cellular-satellite service; no agreement is reported.

Via Satellite

Globalstar warns Rocket Lab’s Iridium relationship could put it at a disadvantage

Globalstar has warned that Rocket Lab’s supplier relationship with Iridium could give Rocket Lab an incentive to favor Iridium at Globalstar’s expense. The concern echoes issues raised by SpaceX, according to the report, putting the commercial terms and competitive implications of the relationship in focus.

Via Satellite

SatPort completes acquisition of Speedcast’s teleport business, including 12 facilities

SatPort Infrastructure, backed by EQT Infrastructure, has completed its acquisition of Speedcast’s teleport business and related infrastructure, comprising 12 teleports. The deal expands SatPort’s carrier-neutral satellite ground infrastructure platform as Speedcast shifts its focus toward AI-enabled network and edge intelligence.

Via Satellite

SatPort Acquires Speedcast’s Teleport Business

SpaceNews.com

Voyager backs Astrobotic acquisition ahead of Griffin-1 launch

Voyager Technologies says it is pleased with its acquisition of lunar lander developer Astrobotic as it prepares for the launch of Griffin-1, its next mission. The update offers a view of Voyager’s assessment of the acquisition ahead of a major operational milestone for the lunar lander business.