CNBC
• Michael Bloom
Elon Musk said SpaceX and Tesla have formed special committees to examine a possible combination, an early step toward a deal that could rank among the largest corporate mergers ever. The announcement came as SpaceX reported a strong third quarter, with profit beating estimates amid sharply higher AI business revenue.
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At ESPI AC 2026, ADVISORIO’s Markus Fritz discussed Europe’s progress in space-enabled mobility, the prospect of satellite connectivity in cars from 2028 and the strategic importance of spectrum. His remarks frame connectivity not only as an automotive capability but also as a question of access to scarce orbital resources.
Eutelsat has expanded its capacity agreement with EuroSkyPark, a German secure-communications specialist, to support Amprion, one of Germany’s largest electricity transmission system operators. The deal extends satellite connectivity for critical energy infrastructure.
Iridium Communications reported an 8% increase in total revenue and a 13% rise in service revenue for the three months ended Sept. 30. The acquisition of Aireon, which provides aircraft tracking and flight data services, figured heavily in the results.
The European Union presented a new Arctic strategy focused on the region’s security, pledging to boost satellite surveillance, increase monitoring of undersea cables and help member states acquire icebreakers. The measures reflect a broader effort to strengthen awareness and capabilities in a region the bloc considers increasingly important to its security.
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Elon Musk ordered a slowdown of a military-grade version of Starlink used by Ukraine, according to reports citing U.S. officials and people familiar with the matter. The move reportedly disrupted systems supporting Ukrainian defenses, as Kyiv warns that U.S. intelligence and missile-defense support is wavering and alternatives to Starlink carry major drawbacks.
AnySignal has agreed to supply space-to-Earth communications for Reflect Orbital’s inaugural satellite and two subsequent missions. The deal brings AnySignal’s software-defined radio and space-based networking capabilities into Reflect Orbital’s planned mission sequence, though the announcement did not disclose contract value or launch dates.
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Elon Musk said SpaceX and Tesla have formed special committees to examine a possible combination, an early step toward a deal that could rank among the largest corporate mergers ever. The announcement came as SpaceX reported a strong third quarter, with profit beating estimates amid sharply higher AI business revenue.
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