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Associated PressBernard Conodn

SpaceX faces first public-company earnings test as shares fall 50% from June peak

SpaceX is preparing to report its first quarterly results since its blockbuster June IPO, with investors focused on whether Elon Musk can substantiate the company’s growth prospects. The earnings event comes as shares have halved from their peak and early backers face a potential windfall of up to $1 trillion.

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BloombergReshmi Basu

EchoStar Unit Hughes Satellite Files for Bankruptcy as Debt Falls Due

By Bloomberg: Hughes Satellite Systems Corp. filed for Chapter 11 bankruptcy protection on Sunday, saying intensifying competition was undermining its core broadband business.

2026-08-03T00:14:38.321534-07:00
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SpaceNews.comSandra Erwin

Xona secures spectrum approval for satellite navigation network

By SpaceNews.com: WASHINGTON — Xona Space Systems has received conditional federal approval to broadcast commercial navigation signals from a planned constellation of more than 250 satellites, clearing a major regulatory obstacle as the startup prepares to begin deploying the network, the company said Aug.

2026-08-03T08:44:34.002726-07:00