Telecom Stocks Drop as SpaceX Strikes Deal for Nationwide Spectrum
U.S. telecom shares fell Friday after SpaceX announced a deal to acquire nationwide spectrum licenses from Grain Management, signaling plans to expand Starlink into mobile service.
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Ukraine Plans 120-Satellite Communications Network to Mirror Starlink
Ukraine is planning an orbital communications constellation of 120 satellites to support defense operations and critical infrastructure, targeting a 2027 launch via SpaceX rockets.
Zelensky Urges Trump to Sanction Russian and Chinese Firms Building Starlink Rival
Ukrainian President Volodymyr Zelensky has requested that Donald Trump impose sanctions on Russian and Chinese companies developing Rassvet, an orbital broadband network built by Russian firm Bureau 1440.
SpaceX Completes Record $75 Billion Public Offering
The rocket and satellite company entered Nasdaq trading at a valuation above $1.7 trillion.
Astranis Adds $300 Million in Equity and New Credit to Scale High-Orbit Spacecraft
The satellite manufacturer is combining a Series E round with a credit facility as it expands production for commercial and government missions.
SpaceX Acquires xAI in Record-Setting Combination
The all-stock transaction brings rockets, satellites, social media and artificial intelligence under one company.
