CNBC
• Liz Napolitano
Eutelsat CEO Eva Berneke Fallacher said the company is undervalued relative to SpaceX after reporting strong LEO growth in its 2025-26 fiscal results. Meanwhile, SpaceX shares rose 12% after more than 900 million shares became eligible for sale, even as investors weighed rapid growth against heavy cash burn and capital spending.
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Elon Musk could permit Ukraine to use Starlink connectivity to help locate Russian missile launchers, potentially expanding the system’s role in the conflict beyond communications. The reported possibility underscores the operational and geopolitical significance of privately provided satellite infrastructure in wartime.
Jennifer Gilsenan, deputy chief of the FCC’s Space Bureau, will lead the agency’s satellite regulatory overhaul as bureau chief Jay Schwarz prepares to retire later this month. The leadership transition comes while the FCC is working to advance changes affecting satellite licensing and oversight.
The private LINK spacecraft, launched last month on a mission to save a NASA space telescope, has itself encountered trouble. Engineering teams report progress as they work to recover the spacecraft, adding a second layer of operational risk to an already complex in-space rescue effort.
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Eutelsat CEO Eva Berneke Fallacher said the company is undervalued relative to SpaceX after reporting strong LEO growth in its 2025-26 fiscal results. Meanwhile, SpaceX shares rose 12% after more than 900 million shares became eligible for sale, even as investors weighed rapid growth against heavy cash burn and capital spending.
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The European Commission has agreed with an industrial consortium to proceed with IRIS², expanding the secure connectivity constellation and pushing expected investment beyond $18 billion. Hispasat won a primary contractor role in a project valued at more than €1.6 billion, while SES and Eutelsat completed the RDV1 milestone.
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AST SpaceMobile has launched BlueBird 11, 12 and 13 into low Earth orbit, adding three satellites to its planned space-based cellular broadband constellation. The deployment expands the company’s network presence across Europe as it continues scaling direct-to-device connectivity from orbit.
The European Commission’s new €5 billion Scaleup Europe fund has completed its first investment in ICEYE, marking the initiative’s debut financing commitment and directing capital toward the satellite company as Europe seeks to support the growth of high-potential technology businesses.
Rocket Lab launched the Japanese Earth-observing satellite on the mission “The Grain Goddess Provides,” following a five-week delay. The company had first attempted to launch the mission on June 30; the launch was documented with video and photographs.
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