Satellite imaging specialist Planet Labs delivered a strong set of FY results last night, showing for the first time $15 million positive EBITDA and positive free cash flow, well ahead of market expectations. The company also surprised investors with its 2026/27 outlook, guiding for a continued positive EBITDA despite recent growth initiatives. Amid robust demand for…
SpaceX has just announced its blockbuster merger with xAI. While Elon Musk publicly frames the move as part of his long-standing ambition to take data centers to space, there is also a clear and pragmatic financial rationale. xAI has been cash-hungry since inception and is likely to remain so for the foreseeable future, whereas SpaceX is reportedly…
Not so long ago, making a satellite phone call from a remote corner of the planet was an ordeal. You had to lug around a brick-sized device, angle it precisely toward the sky, and pray for a faint signal. Even then, the connection was often scratchy, and the bills were exorbitant, turning a simple conversation…
We have long argued that SpaceX is on track to disrupt the global telecom market. Yesterday, the company took a decisive step in that direction with the announced $17B acquisition of EchoStar’s 50 MHz S-band spectrum in the US along with its global spectrum licenses. SpaceX’s Starlink initially focused on providing broadband internet to underserved…
In recent days, SpaceX’s Starlink announced partnerships with two of India’s leading telecom giants, Airtel and Jio, to provide broadband internet services to even the most remote and rural regions of the country. This marks a significant step as Starlink seems poised to finally break into the Indian internet market, the second largest in the…