L3Harris Technologies is nearing a definitive agreement to sell a 60% majority stake in a specialized portfolio of its space and propulsion businesses to AE Industrial Partners.

AE Industrial's current space-related portfolio includes York Space Systems, Redwire, and Firefly Aerospace.

The Golden Dome is a multi-layered, space-based missile defense architecture designed to track and intercept hypersonic and ballistic threats.

The transaction is expected to close in the second half of 2026, pending customary regulatory approvals and closing conditions.

L3Harris will maintain 100% ownership of the RS-25 rocket engine program, the core propulsion system for NASA's Space Launch System used in the Artemis lunar missions.

AE Industrial Partners' acquisition of L3Harris' propulsion assets reinforces its position as a major consolidator in the aerospace and defense sectors.

L3Harris has positioned itself as a prime contractor for the Golden Dome initiative, recently delivering hypersonic ballistic tracking satellites for the Space Development Agency.

SES is projected to benefit from increased defense spending in Europe.

At the lower end of the bank's valuation, SES would receive approximately $917 million from the FCC, while at the higher end it could generate $1.6 billion.

SES retains 100% of any subsequent auction compensation for the spectrum.

C-band is a major swing factor in SES's equity value according to BNP-Paribas.

The remaining 80 MHz of spectrum is expected to be auctioned off in the future, with SES keeping 100% of the compensation.

SES can unburden 180 MHz of mid-band/upper C-band capacity.

SES's debt obligations could be reduced through revenue from C-band auctions.

Revenue from C-band auctions could support SES's investment in the European IRIS2 mega-constellation.

The FCC awarded an incentive payment of $31.50 million per MHz to SES and Intelsat in the 2020 auction.

Moody’s downgraded SES's debt obligations from ba1 to ba2.

SES is obliged to pay 42.5% of the spectrum sale proceeds to Intelsat’s former shareholders for the sale of the 100 MHz.

SES intends to reverse its downgrade and return to investment grade status.

In 2020, the FCC auctioned 280 MHz in the lower C-band for flexible wireless use.

SES will release its end-year 2025 results towards the end of February.

Eutelsat and SES respectively derive about 17 percent and 23 percent of their revenues from government contracts.

BNP-Paribas issued a report with a share price target of €7.20 for SES, which is currently trading around €5.55.

SES remains committed to a stable-to-progressive dividend for its shareholders.

The FCC plans to absorb 100 MHz of C-band spectrum and auction it no later than July 2027.

BNP-Paribas values the 100 MHz of C-band spectrum at more than $1 billion.

BNP-Paribas provided an 'Outperform' overview of SES's prospects.

SES and Intelsat received 91% of the FCC’s payout from the 2020 auction, worth $4.87 billion for Intelsat and $3.97 billion for SES.

BNP-Paribas estimates the value of the initial 100 MHz of spectrum between $22 million/MHz and $38.5 million/MHz.

The first SpainSat satellite was launched in January 2025.

If necessary, SpainSat NG II will be replaced as soon as possible.

The SpainSat NG II is the second of two satellites for the Spanish Armed Forces, the European Commission, NATO, and allied governments.

The SpainSat NG II satellite suffered the impact of a space particle during its journey to its final orbital position at 50,000 km.

Indra Group disclosed that the SpainSat NG II satellite was impacted by space debris during its orbit-raising process.

The SpainSat NG II satellite launched in October 2023.

A contingency plan is in place for Spain’s Ministry of Defence and other clients.

The SpainSat NG II satellite was built by Airbus.

Indra Group is the majority partner of Spanish operator Hisdesat.

The technical team is analyzing the available data to determine the extent of the damage to the SpainSat NG II satellite.

AST SpaceMobile plans to launch between 45 and 60 satellites by the end of 2026, with launches planned every one or two months on average.

BlueBird 6 is the largest commercial communications array ever deployed in Low-Earth Orbit (LEO) at nearly 2,400 square feet.

The BlueBird 6 launch took place on December 24 local time in India.

ISRO launched the BlueBird 6 satellite for AST SpaceMobile on a LVM3 rocket on December 23 at 10:25 p.m. EST.

The BlueBird satellites are designed to provide 4G and 5G broadband directly to standard phones for commercial and government applications.

BlueBird 6 is three times larger than the previously launched BlueBird satellites 1 through 5.

ISRO stated that BlueBird 6 was the heaviest payload launched from an LVM3 vehicle from India.

Since the launch of the first Cosmo-SkyMed satellite in 2007, about 4.3 million images have been acquired by the satellites and archived.

SpaceX launched the third satellite in Italy’s Cosmo-SkyMed second generation constellation on January 2.

The third Cosmo-SkyMed satellite is the third of four second-generation satellites.

Cosmo-SkyMed is a dual-use Earth Observation constellation.