Satellite operator SES S.A. announced financial results for the year ending in December 31, 2025.  The combined SES and Intelsat (whose acquisition closed on July 2025) reported revenues of € 2.627 Billion and Adjusted EBITDA of € 1,196 Billion.

by Bruce R. Elbert

I’ve been receiving spam emails for some time indicating that SpaceX would be the biggest IPO in history when it goes public – soon. It appears that the time has come!  An IPO valuation in excess of one trillion dollars? Who could imagine this, but on a financial basis, it makes sense. Is there value at this level and where can this company be in, say, five years?

Growing defence spending, Europe’s push for greater strategic resilience amid shifting US policy, and increasing demand for commercial space applications are creating new opportunities for European startups. However, European companies still face many challenges, including funding, that could further increase the gap between Europe and the US and China, an investor says.

Rocket Lab Corporation (Nasdaq: RKLB) today announced it has completed the acquisition of Optical Support, Inc. (OSI), a manufacturer of custom, high-precision optical and optomechanical instruments. OSI’s advanced lenses and optomechanical systems are critical enablers for national security and commercial satellites, and are key subsystems used in Rocket Lab Optical Systems’ high-performance payloads for space protection, space domain awareness, missile warning, tracking and defense. OSI delivers end-to-end solutions from concept design and prototyping to full-scale production including CNC machining, optical alignment, cleanroom assembly, and testing.

IBC today announced a new strategic partnership with EIT Culture & Creativity – the institutional partnership for culture and creativity, supported by the European Institute of Innovation and Technology (EIT) – appointing it as its European Innovation Partner for 2026. Announced at the IBC Accelerator Media Innovation Programme’s Kickstart Day 2026, the partnership reflects the two organisations shared commitment to advancing the broadcast and audiovisual industry and has the potential to meaningfully accelerate collaborative progress. Together, the two organisations aim to create clearer pathways from proof-of-concept to deployment across the global media and entertainment (M&E) ecosystem – starting with the Accelerator Programme.

Applied Aerospace & Defense announced its acquisition of Vestigo Aerospace known for its innovative product line of Spinnaker™ deorbit systems. Spinnaker™ drag sails are designed to deorbit satellites and launch vehicle components operating in low Earth orbit. They enable space system operators to comply with new licensing and regulatory requirements intended to mitigate the growing problem of orbital debris. Prior to the acquisition, Vestigo trusted Applied as a critical supplier of advanced materials for thin-film polymer sails and the deployable booms used in its products.

The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 ‑ Euronext Paris / London Stock Exchange: ETL), chaired by Éric Labaye, releasead the financial results for the Half Year ended December 31, 2025.Total revenues for H1 2025-26 stood at €592 million, down 2.4% on a reported basis and stable like‑for‑like. Revenues of the four Operating Verticals (excluding ‘Other Revenues’) stood at €574 million, down by 0.6% on a like-for-like basis. LEO revenues amounted to €111 million, up 59.7%¹, and now represent c. 20% of revenues.

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT),  today reported its results for the fourth quarter and full year ended December 31, 2025.  The company reported 2025 Revenue of US$ 451.7 million, GAAP Operating Income of  US$ 23.4 million and a Adjusted EBITDA of US$ 53.2 million.

SpaceX has acquired xAI,  an artificial intelligence firm founded by Elon Musk three years ago, in a  deal that combines the two privately held firms into a company with a US $1.25 trillion reported valuation. The combined company is planning am Initial Public Offering (IPO) this year.

Leonardo, through its subsidiary Leonardo US Corporation, has signed an agreement to acquire Enterprise Electronics Corporation (EEC), a US company specializing in developing, manufacturing and servicing weather radar instruments, and satellite receiving stations for meteorology, hydrology, research and aviation for applications in the military and civilian sector.