Bloomberg
• Edward Ludlow
SpaceX is preparing to report its first results as a public company against a backdrop of declining investor enthusiasm and a new all-time stock low. The report will put scrutiny on Starlink’s profitability, its role in funding AI and space initiatives, and the company’s $1.6 billion Pentagon launch contract.
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Airbus Defence and Space will lead the development and construction of SpainSat NG-III for Hisdesat, with Thales Alenia Space as partner. The satellite will replace Spain’s existing military communications capability and is described by Airbus as Europe’s most advanced secure communications satellite.
High activity
SpaceX is preparing to report its first results as a public company against a backdrop of declining investor enthusiasm and a new all-time stock low. The report will put scrutiny on Starlink’s profitability, its role in funding AI and space initiatives, and the company’s $1.6 billion Pentagon launch contract.
High activity
Planet is expanding its headquarters into the BERLIN DECKS innovation campus in Berlin, acquiring space for its first European production facility. The site will add manufacturing capacity to the satellite company’s European presence and marks a significant expansion of its headquarters footprint.
Earth observation companies increasingly present defense and security applications as a second market alongside climate and commercial work. But framing the capability as “dual-use” may leave governments controlling when and how it is deployed—potentially pushing commercial customers behind state priorities when strategic demands intensify.
Hughes Satellite Systems, an EchoStar subsidiary, filed for Chapter 11 bankruptcy protection after warning it lacked the cash to meet $1.5 billion in debt obligations due Aug. 1. The filing adds pressure to EchoStar’s broader balance-sheet restructuring across its satellite broadcasting and wireless businesses.
The U.S. Space Force awarded K2 Space a $22.9 million contract to test optical communications terminals that transmit data directly between satellites in orbit. The demonstration will assess laser-based crosslinks, a technology intended to support faster and more resilient space-based data networks.
Engineers are preparing a capture—or attempted capture—of NASA’s Swift satellite in an effort to preserve the mission. The operation would rely on another spacecraft sent specifically to assist Swift, underscoring the technical complexity of extending the life of an established space observatory.
China launched two TJS-27 satellites into a previously unused orbit while advancing its on-orbit communications relay capabilities with a next-generation Tianlian satellite. The mission highlights Beijing’s continued investment in classified spacecraft and resilient space-based communications infrastructure.
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