Elon Musk announced that SpaceX's Starlink aims to expand its satellite network to 100,000 units, nearly doubling the current total satellites in orbit. He envisions Starlink handling over 90% of global internet traffic, effectively rebuilding the internet from space. This scale far surpasses competitors like AST SpaceMobile and Viasat, which have far fewer satellites and different business models. The move could reshape internet access and competition with traditional carriers, with significant revenue potential if Musk's vision is realized.
Space stocks traded unevenly Thursday morning following Intuitive Machines' Q2 earnings report, which showed record revenue but missed expectations and a wider loss. Despite the miss, new contract awards and backlog growth helped limit the selloff, s...
SpaceX shares surged 9.65% following Elon Musk's prediction at a company town hall that Starlink might eventually handle over 90% of the world's internet traffic. This bold forecast highlights Starlink's rapid growth, with nearly 11,000 satellites in...
SpaceX shares dropped 5% to $131.78 after a recent 11% rally driven by an Argus upgrade faded. The decline reflects investor caution over the company's heavy capital spending on AI infrastructure, including plans for orbital data centers, and the imp...
AST SpaceMobile reported a larger-than-expected adjusted loss of $0.77 per share for Q2 2026, missing analyst estimates of a loss between $0.26 and $0.32 per share. Revenue rose to $31.5 million from $15.8 million in Q1 but fell short of the $35 mill...
AST SpaceMobile reported higher Q2 2026 revenue of $31.52 million, up from $1.16 million a year earlier, driven by government contracts and gateway deliveries. However, its net loss widened to $230.91 million, or $0.77 per share, due to increased ope...
