OST Staff

Markets

SpaceX Faces First Market Test as New Share Unlock Hits Record IPO

SpaceX shares are confronting a fresh share unlock event that will test the durability of the company's record breaking public debut. The unlock, which frees early investors and employees to sell previously restricted stock, marks the first real pressure on a valuation that stunned markets earlier this summer.

Satellites

Starlink Seeks India Clearance for 30,000-Satellite Gen 2 Fleet With Direct-to-Device

Starlink has reapplied to India's space regulator for approval of its Gen 2 satellite constellation, seeking authorization for nearly 30,000 satellites in low Earth orbit. The application includes direct-to-device connectivity, positioning the company to enter one of the world's largest and most contested

Launch

SpaceX Poised to Build Coastal Spaceport in Vermilion Parish

SpaceX is set to build a multimillion-dollar spaceport along roughly 18 miles of coastal land in southern Vermilion Parish, Louisiana, according to word emerging from Governor Jeff Landry's office. The launch facility would allow the company to send rockets over the Gulf and into orbit, a project

Launch

JAXA Sets October 20 Launch for MMX Mars Moon Sample Mission

JAXA announced on August 20 that it will launch its Martian Moons eXploration spacecraft aboard an H3 rocket on October 20. The mission aims to observe the two moons of Mars and return surface samples from Phobos to Earth. The agency confirmed the launch date on Thursday, setting in motion

Policy

White House Strategy Elevates Undersea, Space, and AI to Top Tier of Military Tech Priorities

The White House this week released a 24-page National Security Science and Technology Strategy that names undersea superiority, outer space, and artificial intelligence as the three top priorities for U.S. battlefield dominance and power projection. The document sets out a four-tiered scheme for military technology and endorses

Markets

Muon Space Raises $250 Million Series C to Scale Satellite Constellation Production

Muon Space has closed a $250 million Series C financing, bringing its total equity funding to more than $386 million. The oversubscribed round will accelerate production of large-scale satellite constellations and expand the company's dual-use spacecraft platforms amid rising demand from commercial, government, and international sovereign

Deep Space

Fastest Known Star in the Milky Way Could Unlock Black Hole's Spin

Astronomers have detected the fastest known star in the Milky Way, a body designated S301 that races around the supermassive black hole at the galaxy's center at roughly 25,000 kilometers per second. Its extreme proximity to Sagittarius A could open a new window onto the black hole&

Policy

GAO Presses NASA Administrator on Four Unimplemented Priority Recommendations

The Government Accountability Office has sent a letter directly to NASA Administrator Jared Isaacman calling his personal attention to three areas where open recommendations remain unaddressed. Published August 19, 2026, the letter states that NASA has not implemented any priority recommendations since the GAO's August 2025 letter, leaving

Markets

Intuitive Machines Backs Maxar Deal With $600 Million Satellite Order and Data Center Ambitions

Intuitive Machines' $853.3-million acquisition of large-satellite builder Maxar Space Systems is gaining strategic coherence following a $600-million order for three geostationary-orbit satellites and emerging plans for an orbital data center capability. The company was also separately selected by NASA's Jet Propulsion Laboratory

Markets

Firefly and Zeno Power to Test Nuclear Heating That Could Survive the Lunar Night

Firefly Aerospace and Zeno Power have signed a commercial payload agreement to fly a radioisotope heating unit to the Moon on a mission launching no earlier than 2028. The payload, called the Survive-the-Night Package, aims to demonstrate whether nuclear heating can keep lunar hardware alive through the two-

Adenot Makes History in French First as Antenna Swap Runs Out of Clock

ESA astronaut Sophie Adenot became the first French woman to perform a spacewalk on August 18, 2026, removing a failed antenna from the International Space Station alongside NASA astronaut Anil Menon. The six hour, 23 minute excursion accomplished half its objective, with flight controllers deferring the replacement install after cable

Defense

Space Force to Extend Aging DMSP Weather Satellites Through at Least 2028

The Space Force will keep its aging military weather satellite fleet operational until at least 2028 as it works to field a new replacement architecture. The decision reflects a gap between the retirement of legacy systems and the arrival of their successors, a gap the service is now managing directly.

Launch

China Rolls Chang'e-7 to Wenchang Pad Ahead of Lunar South Pole Launch

China has moved the Chang'e-7 lunar probe and its Long March-5 Y14 carrier rocket to the launch area at the Wenchang Spacecraft Launch Site in Hainan Province, clearing a major step toward liftoff. The China Manned Space Agency said the mission is scheduled for launch at

Launch

LandSpace Lands Zhuque-3 First Stage in China's First Ground-Pad Booster Recovery

LandSpace successfully soft-landed the first stage of its Zhuque-3 rocket on a downrange pad on August 18 after delivering a payload to orbit, marking China's first recovery of an orbital-class booster on landing legs. The feat came on only the second flight of the methalox

Markets

Rocket Lab Joins Space Force Data Network Consortium With $12M in Optical Comms Orders

Rocket Lab has been onboarded into the U.S. Space Force's Space Data Network Consortium and awarded two delivery orders worth a combined $12 million to support the Space Data Network Backbone program. The awards task the company with demonstrating interoperability of secure optical communications in space, expanding

Defense

Space Force FY27 Budget Request Hits Record $71.3 Billion, Growth Concentrated in Four Areas

The Space Force's fiscal year 2027 budget request totals a record $71.3 billion, a 120 percent jump from FY26 that two separate analyses describe as the largest single-year percentage increase for any US military service in 75 years. More than 75 percent of the growth flows

Sophie Adenot Becomes First French Woman to Conduct a Spacewalk

European Space Agency astronaut Sophie Adenot stepped outside the International Space Station on August 18, becoming the first French woman ever to conduct a spacewalk. She undertook the excursion alongside NASA astronaut Anil Menon, working to replace a space-to-ground antenna on the orbital complex. The pair were scheduled

Policy

US Air Force Antarctic Flight Returns to Christchurch After Space Hazard Warning

A United States Air Force flight bound for Antarctica turned back to Christchurch, New Zealand, on Tuesday after aviation authorities issued a warning about potentially hazardous space activity along its route. The warning originated with information supplied to New Zealand authorities by the Russian Air Traffic Management Corporation. The Civil

Markets

Airtel Africa and Starlink Launch Continent's First Commercial Direct-to-Device Satellite Service

Airtel Africa has launched Africa's first commercial direct-to-device satellite service in partnership with Starlink, allowing standard mobile phones to connect directly to satellites without a ground terminal. The service, announced August 18, 2026, marks a commercial milestone for direct-to-device connectivity on the continent. The

Markets

NRO Moves HawkEye 360 From Trial to Operational RF Intelligence

The National Reconnaissance Office has awarded HawkEye 360 a new contract for commercial radio-frequency intelligence, advancing the company from a multiyear evaluation program into operational support for U.S. intelligence and defense agencies. The award, announced August 17, moves commercial RF collection into the intelligence community's operational

Launch

SpaceX Starship Ship 40 Towed Into Christmas Island Bay After Weeks Adrift in Indian Ocean

SpaceX's Starship prototype Ship 40 was towed into a protected bay at Christmas Island, an Australian territory in the Indian Ocean, on Tuesday, following a weeks long salvage operation. The 52 metre vehicle had been floating in the ocean since late July, when it splashed down after a

Markets

ULA Promotes Mark Peller to CEO as Vulcan Grounding Weighs on Finances

United Launch Alliance named Mark Peller, a 35-year veteran of the company and its predecessors, as its new president and chief executive, effective August 17. He steps into the top job as ULA contends with a grounded Vulcan rocket and mounting financial pressure that has prompted both parent companies

Markets

L3Harris Ousts CEO Kubasik Over Conduct Violation, Names Space Chief Mehta to Lead

L3Harris removed Chris Kubasik as chairman and chief executive on August 17 after a company investigation found he had violated its code of conduct. Sam Mehta, who leads the company's space business, becomes CEO effective immediately, while lead independent director Lewis Hay takes over as chairman. The abrupt

Policy

FCC Clears AST SpaceMobile to Test 800 MHz Satellite Connectivity

AST SpaceMobile has received temporary authorization from the FCC to test satellite connectivity in the 800 MHz band. The clearance opens the door for the company to evaluate a lower-frequency spectrum that offers better building penetration than the higher bands it has tested before. The 800 MHz band matters

Launch

SpaceX Launches Two Falcon 9s From Opposite Coasts in 38 Minutes

SpaceX completed two orbital Falcon 9 launches within 38 minutes on August 15, 2026, lifting off from operational pads on opposite coasts of the United States. The dual-coast doubleheader set a record for the shortest elapsed time between orbital missions executed by a single launch provider. The two flights