Tech3 outlets
SpaceX’s second-quarter revenue rose sharply, propelled by strong growth in its connectivity segment that includes the Starlink service. The company disclosed $4.29 billion in connectivity revenue, holds roughly $100 billion in cash and marketable securities, and carries an order backlog of about $47.5 billion.
TechMeme·TechCrunch·The Verge
Tech7 outletsover 4h
Rocket Lab has announced the acquisition of Iridium Communications for $8 billion. The deal will merge Rocket Lab’s launch services with Iridium’s satellite-based communications network, positioning the company to compete with SpaceX’s Starlink. The transaction marks a significant expansion of Rocket Lab’s presence in the satellite market.
Engadget·The Next Web·The Verge·Hacker News·TechMeme+2
Tech3 outlets
India has halted approvals for Starlink’s commercial launch, citing concerns that its terminals could be used in Iran. The freeze came days before SpaceX’s record IPO. The decision reflects the government’s reluctance to allow the service to operate in a country where it is not licensed.
TechMeme·TechCrunch·The Next Web
Tech3 outlets
SpaceX has pressured the Pentagon to increase the cost of Starlink services, seeking fees up to five times higher for use in the Iran conflict. The company’s push specifically targets the pricing for LUCAS kamikaze drones, a move that comes amid growing tensions over the overall cost of Starlink access.
The Next Web·TechMeme·Engadget
Tech3 outlets
American Airlines will equip more than 500 narrow-body aircraft with SpaceX’s Starlink in-flight Wi-Fi system. The airline joins United and Southwest, which already have contracts for the same satellite-based service. This addition expands Starlink’s presence across major U.S. carriers, providing passengers with high-speed connectivity during flights.
TechMeme·The Verge·Engadget