Iridium Communications (NasdaqGS:IRDM) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsKen Levy - VP of Investor RelationsMatt Desch - CEOVince O'Neill - CFOConference Call ParticipantsCaleb Henry - AnalystChris Quilty - AnalystColin Canfield - AnalystEdison Yu - AnalystGreg Mesniaeff - AnalystHamed Khorsand - AnalystLouie DiPalma - AnalystRic Prentiss - AnalystSimon Flannery - AnalystTim Horan - AnalystWalter Piecyk - AnalystOperatorGood morning, and welcome to the Iridium fourth qu ...

Core Insights - Viasat, Inc. (VSAT) reported second-quarter results in November 2025, which initially caused a decline in its stock price. However, the stock later peaked at nearly $50 due to a surge in stock markets, particularly in the orbital rockets and satellites sector [2]. Company Overview - Viasat, Inc. is involved in the satellite and technology industry, with a focus on providing communication services [2]. Market Context - The stock performance of Viasat is influenced by broader market trends, especially the growth in the orbital rockets and satellites market, which has seen significant investment and interest [2].

Industry Overview - The global satellite market is projected to grow significantly, reaching $108 billion by 2035, with optimistic estimates suggesting it could expand to $457 billion [1] - The growth is driven by private-sector initiatives deploying low-Earth orbit fleets for broadband, high-resolution imaging, and enhanced situational awareness [2] Company Positioning - Maris-Tech Ltd. is a leader in video and AI-based edge computing technology, focusing on the commercial space sector [1][6] - The company specializes in edge AI-accelerated video streaming and processing solutions tailored for resource-constrained platforms across various applications, including land, sea, air, and space [3] Technological Advancements - Maris-Tech has achieved a significant milestone by transitioning to active hardware testing and integration of its advanced payload, demonstrating high-performance edge computing and video processing in orbit [4] - The company's technologies include miniature, lightweight, low-power systems capable of multi-stream video encoding, ultra-low-latency transmission, and onboard AI capabilities [3] Strategic Opportunities - The commercial space sector presents a diversification opportunity for Maris-Tech, leveraging its strengths in defense situational awareness and unmanned systems through strategic partnerships [5] - The company emphasizes its established collaborations and flight-proven technology to meet the industry's growing demand for intelligent, autonomous on-orbit processing [5]

此前，这一星座建设项目已发布过金额为8.04亿元的招标。2025年5月，商业卫星企业微纳星空中标， 项目包含按计划完成10颗遥感微小卫星星座，其中包括4颗光学卫星、6颗SAR卫星的研制，并进行卫星 发射组网。 据公司官网介绍，环天智慧定位"星地时空数据运营商"。公司聚焦"星、云、物"（卫星应用、云服务、 物联网）三大新基建基础板块，以遥感应用、云计算、大数据、物联网、人工智能等新一代信息技术为 依托，创新推出"天空地一体化"与"星-云-网-端"的系统服务架构，并在此基础上构建了新型智慧城市业 务集群。公司已在全国多地广泛开展智慧教育、智慧医疗、智慧政务、智慧停车、智慧环保、智慧水 务、智慧执法、智慧安监、智慧农业园区等新基建项目。 作者：刘怡鹤 1月27日，四川省公共资源交易信息网发布"环天卫星星座建设项目"招标代理机构比选公告。招标人为 环天智慧科技股份有限公司（以下简称"环天智慧"），项目估算金额12亿元。 | | 环天卫星星座建设项目 (项目名称) | | --- | --- | | | 招标代理机构比选公告 | | 招标人 | 环天智慧科技股份有限公司 | | 项目审批核准(备案)部门 | 批复文号 ...

Core Viewpoint - A smaller satellite company is preparing for an IPO ahead of the anticipated SpaceX IPO later this year [1] Company Summary - The smaller satellite company is set to enter public markets, indicating a growing interest in satellite technology and investment opportunities in this sector [1] Industry Summary - The satellite industry is experiencing increased activity as companies prepare for public offerings, highlighting a trend towards commercialization and investment in space technology [1]

MDA Space logo (CNW Group/MDA Space) Hanwah Systems (CNW Group/MDA Space) MDA SPACE AND HANWHA SIGN MOU TO PURSUE KOREAN MILITARY CONSTELLATION PROGRAM (CNW Group/MDA Space) The K-LEO constellation is a flagship national initiative designed to strengthen Korea's sovereign defence capabilities and ensure secure, resilient communications and data services for national security operations. MDA Space and Hanwha will work together to assess how MDA AURORA's flexible, software-defined architecture can support Han ...

Group 1 - The core viewpoint of the articles highlights the rapid development and strategic initiatives of Nantong Development Zone, aiming to become a leading economic hub in the Yangtze River Delta region, with a projected GDP exceeding 100 billion yuan by 2025 [1][2][8] - The successful launch of 19 low-orbit satellites by Galaxy Aerospace marks a significant milestone for the region's satellite internet capabilities, contributing to the establishment of Nantong as a key player in the aerospace industry [1] - Nantong Development Zone is focusing on creating specialized industrial parks in cutting-edge fields such as the metaverse, digital creativity, and artificial intelligence, which are expected to enhance its competitive edge in the regional economy [2][3] Group 2 - The development zone is undergoing a "second entrepreneurship" phase, with plans to establish a new era industrial park focusing on future industries like artificial intelligence and low-altitude economy, which will drive significant growth [3][5] - The region has seen a surge in innovation, with 36 national-level specialized "little giant" enterprises and 9 listed companies, indicating a strong emphasis on research and development [4] - Nantong Development Zone aims to form two trillion-yuan industrial clusters in high-end equipment and new energy by 2030, while also accelerating the layout of future industries [5][6] Group 3 - The successful listing of Rebo Biotech on the Hong Kong Stock Exchange represents a significant achievement for the local biotechnology sector, showcasing the region's potential for attracting investment [4] - The development zone is actively pursuing a strategy to enhance its infrastructure, including the construction of the Su-Tong Second Channel, which will improve connectivity and reduce travel time to southern Jiangsu [6] - Nantong Development Zone is committed to fostering a high-quality business environment and innovation ecosystem to support its transition from a follower to a leader in various industries [4][7][8]

Core Insights - Planet Labs (PL) emphasizes research and development (R&D) as a key driver of long-term growth and competitiveness, operating the largest fleet of Earth-observation satellites globally [1] R&D Investment - R&D expenses are classified as costs related to advancing technology, platform development, and new product iterations, accounting for 41% of revenues in fiscal 2025 [2][9] - Continuous innovation in satellite hardware, launch cadence, data infrastructure, and analytics software is essential for maintaining competitive advantage [3] - R&D spending is expected to increase, enhancing product differentiation and pricing power while lowering unit costs and extending satellite lifetimes [4][5] Competitive Landscape - R&D is crucial for the long-term competitiveness of peers like Rocket Lab (RKLB) and BlackSky Technology (BKSY), with Rocket Lab focusing on launch reliability and next-gen vehicles, and BlackSky enhancing imaging and analytics capabilities [6][7] Financial Performance - PL's stock has gained 494.2% over the past year, outperforming the industry [8] - The stock is currently overvalued, trading at a price-to-sales multiple of 22.16, significantly higher than the industry average of 2.39 [10] Earnings Estimates - There has been no movement in the Zacks Consensus Estimate for PL's fiscal fourth-quarter 2026 and fiscal first-quarter 2027 EPS over the last 30 days, with estimates indicating year-over-year increases for fiscal 2026 and 2027 [11][12]

Core Insights - AST SpaceMobile Inc. (ASTS) shares increased by 4.5% in early trading following the announcement of the BlueBird 7 mission launch scheduled for late February [3] Company Summary - AST SpaceMobile Inc. has scheduled the launch of its BlueBird 7 mission, which is expected to positively impact its stock performance [3]

Core Viewpoint - AST SpaceMobile's shares declined due to new competition from Blue Origin's satellite communications network, TeraWave, which is set to launch in late 2027 [1][3]. Group 1: Competition and Market Impact - Blue Origin announced TeraWave, a satellite network with a capacity of 6 terabytes per second, consisting of 5,408 interconnected satellites, aimed at supporting various users including enterprises and governments [3]. - Following the announcement, shares of both AST SpaceMobile and rival EchoStar fell, with AST SpaceMobile's stock down 13.4% as of 2:25 p.m. ET [1][4]. Group 2: AST SpaceMobile's Financial Outlook - AST SpaceMobile recently began monetizing its deployment, generating $14.7 million in revenue in Q3 and projecting revenues between $35 million and $50 million for Q4 [4]. - The company anticipates its revenue will triple by 2026, reaching nearly $200 million, but currently trades at a high price-to-sales ratio of approximately 200, indicating that significant expectations are already factored into its valuation [6]. Group 3: Industry Context and Speculation - AST SpaceMobile competes with existing players like Elon Musk's Starlink, and while the new competition from Blue Origin is notable, it may not pose an immediate threat given the timeline for TeraWave's deployment [5]. - The volatility of AST's stock is expected to continue due to its speculative nature and high valuation metrics [6][7].