Starlink, Kuiper, and the global connectivity race
Low Earth orbit broadband constellations are reshaping global internet access and the telecommunications industry. Starlink already serves millions of subscribers globally, while Amazon's Project Kuiper and OneWeb are racing to close the digital divide. The stakes extend beyond connectivity — to national security, rural development, and the future of terrestrial telecom.
18 articles
Space Exploration
On May 28, 2026, a New Glenn static fire anomaly levelled Launch Complex 36. Here's what it means for Blue Moon, Artemis 3, and NASA's 2028 moon landing.
analysis
The institutional thesis on SpaceX at $1.75–2.0 trillion. We build the full sum-of-the-parts across Launch Services, Starlink, Starshield, and Dragon, weigh the bull case against the bear case with explicit probability weights, and route to four supporting deep dives — Valuation & Secondary Markets, Starship Economics, Government Contract Risk, and Starlink Unit Economics.
analysis
SpaceX trades at ~$1.51T on Forge Global and $1.86T-implied on Hiive as of May 12-13, 2026. Project Apex — the codename for the confidentially filed IPO — targets $1.75-2T. We build the SOTP, walk the comparable multiples, and explain why a $350B Sacra mark and an $800B December tender now coexist with bank desks pitching $2T.
analysis
Starlink's 60-70% EBITDA margin is either the most defensible moat in telecom or the most temporary. This is the model behind the number: per-satellite CapEx by generation, ARPU segmented across five customer tiers, $/Mbps math versus fiber and GEO, churn dynamics, Direct-to-Cell take-rate sensitivity, and regional capacity vs demand. The unit economics either survive Amazon Leo and OneWeb pressure or they don't.
Space Industry
A 2026 guide to the publicly traded space economy — 18 US tickers plus international plays — sorted into pure-plays, defense primes, and emerging IPOs. Includes market caps, revenue, catalysts, and a portfolio-construction framework.
Moon
Why a Seattle startup just won a NASA contract to extract helium-3 from lunar regolith — and whether the fusion-fuel argument actually holds up to scrutiny.
Space Industry
AST SpaceMobile (NASDAQ: ASTS) trades at a $21B market cap on $71M of FY25 revenue. Inside the BlueBird 7 loss, the $3.9B war chest, the 50+ MNO partnerships, and what investors should watch through the 2026 service launch.
Space Policy
On April 24, 2026, the Space Force named 12 companies to build prototypes for Golden Dome's space-based interceptors. A deep dive on each contractor, what they're building, and who's positioned to survive the inevitable descope.
Space Policy
On April 15, 2026, the Space Force published a 15-year blueprint calling for 30,246 government satellites and a doubling of Guardians by 2040. Inside the Objective Force 2040 documents and what they signal.
Space Policy
Inside the U.S. Space Force's combat debut against Iran. Guardians, missile warning, electronic warfare, and the first declaration of 'space superiority' in a real war.
Space Exploration
From the robotic arms that built the ISS to Jeremy Hansen's historic Moon orbit in April 2026, Canada's space agency punches far above its weight. A complete deep dive into the CSA — its technology, astronauts, satellites, and what comes next.
Space Industry
On February 22, 2024, the United States returned to the Moon for the first time in 52 years. The vehicle that carried America back wasn't a NASA-built spacecraf…
Space Industry
Between 2020 and 2024, nearly every space SPAC collapsed by 80-97%. This is the post-mortem every space investor needs to read before the next boom.
SpaceX
Starship caught its booster mid-air and survived re-entry. Here's what comes next: Starlink launches, Artemis HLS, and the first steps toward Mars.
Space Industry
Four companies are spending $50B+ to blanket Earth with satellite internet. Only one or two will dominate. Here's how each stacks up on technology, financing, customers, and long-term viability.
analysis
Starlink generates an estimated $10-12 billion annually and may be worth more than the rest of SpaceX combined. Here's a full investor breakdown of subscriber growth, ARPU, competitive moat, and IPO timeline.
Space Industry
Lockheed, Northrop, L3Harris, and Raytheon all have major space businesses buried inside defense conglomerates. Here's how to isolate their space revenue and decide if the crossover premium is worth paying.
Commercial Space
SpaceX flew 165 missions in 2025 and is on pace for 170+ in 2026; Blue Origin's New Glenn is operational with three flights and a reused booster, with NG-4 on the pad for Kuiper. The cadence gap, the revenue gap, and what each company is racing to prove next.