Independent weekly intelligence on satellite operators, constellations and ground networks. No hype. A point of view.

Telesat Says Its Cash Will Not Cover December. Ottawa Is Still Funding Lightspeed

Telesat GEO told its auditors that the cash will not cover December. Ten months earlier, 62 percent of the Lightspeed equity moved outside the reach of the lenders who are now suing to get it back. Ottawa is still funding the entity on the protected side of that wall.

Who Gets Bought Next in Satellite M&A. One Seller Has Already Told You

iDirect, Hughes, Iridium, Comtech. Who sells next in satellite M&A, why ground infrastructure clears at a fraction of what spectrum does, and the constraint that now kills more deals than antitrust ever has.

Every Constellation Is Now a Starship Derivative

Launch capacity, not capital or spectrum, now gates every satellite constellation. Why the whole market's schedule has become a Starship derivative.

Poland Bought a Gateway, Not Just Satellites - Deep Dive

Poland is the first EU member state to fund a national module inside IRIS². The Warsaw gateway, not the twelve satellites, is what buys sovereignty.

AST SpaceMobile's 2027 D2D Delay — Analysis

AST SpaceMobile pushed direct-to-device service to 2027 and raised a billion dollars. Here is what the delay changes, and what it quietly does not.

Everyone is watching DISH go bankrupt. Watch Hughes instead - Deep Dive Weekly

DISH's bankruptcy is the headline. Hughes' August 1 debt maturity is the enterprise story with a date on it. Why it matters for JUPITER capacity.

Is iDirect a Smart Buy?

ST Engineering marked its ground-segment champion to a floor and opened a strategic review. Here's what a buyer would actually get — and what it's worth.

Scale vs. Sovereignty - Deep Dive Weekly

A newly public SpaceX filed for a 100,000-satellite Gen3 constellation. Japan, Indonesia, Nepal and the UAE answered with sovereign connectivity.

1.7 Million Satellites: Astronomers vs the FCC — Analysis

Companies have filed to launch ~1.7 million satellites. A new ESO study urges the FCC to cap the total at 100,000. What's at stake for the night sky.

The Week Consolidation Stopped Being a Forecast - Deep Dive Weekly

SES–Intelsat, Amazon–Globalstar, Rocket Lab–Iridium, SpaceX–EchoStar: ~$40B of satcom consolidation, and who gets absorbed next.

Bought, Not Built: Why Rocket Lab's Iridium Deal Isn't the Next Starlink

Iridium deal looks like SpaceX's Starlink playbook. It isn't — a flywheel is built, not bought. Here's what the acquisition actually buys.

The Independent and Regional Satellite Ground-Segment Layer: A 2026 Map

Map of the independent and regional ground-segment layer — legacy teleports, GSaaS entrants and the operators. Who owns what, the live consolidation wave, and why France blocking the Eutelsat–EQT carve-out put a sovereignty ceiling on ground infrastructure as an asset class.