Iridium Is Fighting Starlink and Trump’s Tariffs
Despite beating market expectations with first quarter revenue growth of 5% year-on-year, Iridium’s stock fell nearly 7% in the face of competition and trade wars.
Despite beating market expectations with first quarter revenue growth of 5% year-on-year, Iridium’s stock fell nearly 7% in the face of competition and trade wars.
The White House wants the long-awaited Traffic Coordination System for Space (TraCSS) to be handed over to a non-profit or private company, backtracking on a mandate in the first Trump administration to move it into the Office of Space Commerce.
Space stocks soared in the wake of Trump’s election win. In the weeks since, however, many of these lofty valuations have come crashing down.
The Trump administration’s executive order requiring agencies to justify non-essential travel in a bid to cut costs was a top conversation topic at the Satellite conference in DC this week.
“This morning, we received from the Department of Commerce a ‘stop work’ order on ACES,” according to a memo reviewed by Payload.
With space a focus of the new administration, and SpaceX founder Elon Musk as a senior advisor, we can expect to see money, more ambition, and fewer restrictions on private companies expanding America’s reach in LEO and beyond.
Space CEOs outlined how their tech would help the US explore Mars amid the Trump administration’s focus on the Red Planet during remarks at the Commercial Space Conference on Wednesday in DC.
“We will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars.”
Incoming President Donald Trump has already tapped a number to lead federal departments and agencies, including a few who will have a hand in the next administration’s space policy.
The Biden administration’s legacy in space is one of global reach and using space as a soft power tool, as evidenced by its leadership on initiatives such as banning destructive ASAT testing and promoting the responsible use of space internationally through the Artemis Accords.
Though the vice president did not do much public work on space before joining President Joe Biden’s ticket, she has overseen the debate of two major space policy issues as chair of the National Space Council
The Trump administration’s top priority, according to Autry, is likely to be “kicking Artemis into high gear” and ensuring Artemis III—the first crewed mission to the lunar surface since Apollo—remains on track to avoid getting beaten by the Chinese.