Watch LIVE as SpaceX rolls out; the first Block 3 booster; Booster 18 to Masseys for proof testing ahead of Flight 12 from Pad 2 next year. #SpaceX #Starship #SuperHeavyBooster Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE to The Launch Pad! https://www.youtube.com/@TheLaunchPad SUBSCRIBE to ...

Watch LIVE as SpaceX rolls out; the first Block 3 booster; Booster 18 to Masseys for proof testing ahead of Flight 12 from Pad 2 next year. #SpaceX #Starship #SuperHeavyBooster Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE to The Launch Pad! https://www.youtube.com/@TheLaunchPad SUBSCRIBE to ...

"If civilization continues, AI in space is inevitable. In order to achieve any meaningful percentage of a Kardashev II scale civilization where you're using even a millionth of the sun's energy, you must have solar powered AI satellites in deep space”@elonmusk https://t.co/WyqCSUzJQC ...

Space Exploration & Competition - Blue Origin successfully launched its New Glenn rocket for the second time, aiming for missions to the Moon and beyond [1] - The company successfully landed the rocket's booster for re-use [1] - New Glenn can carry twice the payload of SpaceX's Falcon 9 rocket, intensifying the rivalry between the two companies [1]

Company Performance - Blue Origin successfully launched its New Glenn rocket for the second time [1] - The company successfully landed the rocket's booster for re-use [1] Competitive Landscape - New Glenn can carry twice the payload of SpaceX's Falcon 9 rocket [1] - The success intensifies Blue Origin's rivalry with Elon Musk's SpaceX [1] Strategic Direction - Blue Origin plans to use New Glenn for missions to the Moon and beyond [1]

Blue Origin launched its New Glenn rocket from Cape Canaveral on Thursday, successfully reaching space and landing its first-stage booster shortly after launch https://t.co/CUmhMiU486 https://t.co/4pcik8V6gU ...

Copies will be etched in stone and sent to the Moon, Mars and beyond. This time, it will not be lost. ...

RT Mario Nawfal (@MarioNawfal)ELON: TO SCALE CIVILIZATION, WE’LL HAVE TO MOVE AI TO DEEP SPACE“I see a path to Starship cost-per-ton-to-orbit being lower than air flight.That opens up a very wide range of possibilities.The most obvious one I think is actually solar-powered AI satellites.To move the AI to orbit and essentially deep space over time, because you can actually access over a billion times more energy from the sun in deep space than you can on Earth.To make any progress on a Kardashev 2 scale, whi ...

Financial Data and Key Metrics Changes - The company reported a record revenue of $155 million for Q3 2025, reflecting a year-over-year growth of 48% and a sequential increase of 7.3% [5][30] - GAAP gross margin for Q3 was 37%, at the high end of prior guidance, while non-GAAP gross margin was 41.9%, exceeding previous expectations [31][39] - The company ended Q3 with a total backlog of approximately $1.1 billion, with launch backlog accounting for 47% and space systems for 53% [32] Business Line Data and Key Metrics Changes - The Space Systems segment generated $114.2 million in revenue, a sequential increase of 16.7%, driven by strong performance in satellite manufacturing [30] - The Launch Services segment reported $40.9 million in revenue, a decline of 12.3% quarter-over-quarter due to fewer launches caused by customer spacecraft delivery delays [31] Market Data and Key Metrics Changes - The company secured 17 dedicated Electron launches in just three months, indicating strong demand, particularly from international customers [9][30] - The company is seeing increased interest from space agencies, which are beginning to standardize on the Electron as a launch platform [45] Company Strategy and Development Direction - The company aims to maintain its position as a leading end-to-end space company, focusing on scaling products and services across launch and space systems [8][12] - The company is actively pursuing M&A opportunities, with over $1 billion in liquidity available for strategic acquisitions [12][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet demand for Electron, citing that over 90% of production is in-house [46] - The company anticipates a strong return to sequential revenue growth in the Launch Services segment in Q4, supported by a busy launch manifest [31][40] Other Important Information - The company is on track to launch its Neutron rocket in Q1 2026, with a focus on thorough testing and qualification processes [18][29] - The company has made significant investments in Neutron development, with capital expenditures expected to remain elevated [36][38] Q&A Session Summary Question: Can you share insights on the recent strong bookings and backlog for launches? - Management noted that the increase in backlog includes both strong commercial bookings and interest from space agencies standardizing on Electron as a launch platform [45] Question: How is the supply chain positioned to meet demand for Electron? - Management indicated that the supply chain is robust, with the factory designed to produce 52 rockets annually [46] Question: Can you clarify the one-time events affecting launch gross margins? - Management explained that the gross margin improvement was influenced by a mix of contract terms and the transition to over-time revenue recognition for certain missions [47][49] Question: What is the revenue recognition timeline for the SDA Tranche 2 award? - Management confirmed that revenue recognition is on track, with a pattern of 10% in the first year, followed by 40% in subsequent years [52][54] Question: What is the expected launch cadence for Neutron after its first flight? - Management stated that the launch cadence will depend on the success of the first flight, with a potential for three launches in the first year following the test launch [56][58] Question: How soon can Neutron launch after arriving at the complex? - Management indicated that the timeline depends on the outcomes of operational tests and any issues that may arise during the process [70][71] Question: Can you quantify the cumulative catch-up adjustment for the quarter? - Management clarified that a contract closeout contributed approximately $5 million to the quarter's results, alongside other adjustments related to revenue recognition [72][73]

Core Insights - EchoStar has sold $2.6 billion in spectrum to SpaceX, increasing its stake to approximately 3%, valued at $11 billion [1] - The transaction follows a previous $17 billion spectrum deal between EchoStar and SpaceX [1] - Charlie Ergen has returned as CEO of Dish Network, shifting focus from traditional pay-TV to wireless business [2] Financial Performance - Dish's total revenue decreased to $3.6 billion from $3.9 billion year-over-year [4] - Net losses expanded to $12.8 billion from $141.8 million, primarily due to a $16.5 billion impairment charge related to spectrum sales [4] - Dish added 159,000 subscribers in the quarter, despite a shrinking subscriber base, achieving a churn rate of 1.3% [3] Strategic Direction - The traditional pay-TV segment is no longer a strategic priority for Dish, as the company pivots towards wireless services [3] - Ergen expressed optimism about the partnership with SpaceX, highlighting their effectiveness as a vendor [5][6] - SpaceX is viewed as a leader in space exploration, with Ergen noting its growing competitive advantage over rivals, particularly China [7]