logo
SpaceX Has the Nerve to Be Mad About a Competitor's Massive Satellites Littering Earth Orbit

SpaceX Has the Nerve to Be Mad About a Competitor's Massive Satellites Littering Earth Orbit

Gizmodo23-07-2025
Despite owning more than half of the satellites currently in low Earth orbit, SpaceX is complaining about AST SpaceMobile's BlueBird constellation and how it'll introduce added risks.
In a letter sent to the Federal Communications Commission (FCC), SpaceX raised concerns that AST SpaceMobile poses a threat to the sustainability of low Earth orbit. Elon Musk's space venture accused the Texas startup of underestimating collision risks in space and whether its satellites pose a threat to people on the ground during reentry. To be fair, these are valid concerns, but the accusations are laughably ironic coming from SpaceX. The company operates more than 7,800 satellites—currently around 60% of all satellites in orbit—and they've had more than a few close calls with other objects.
In a case of the pot calling the kettle black, SpaceX calls on the FCC to 'carefully scrutinize' AST's plan of launching its BlueBird satellite constellation to ensure it doesn't 'present untenable risks to space sustainability.' SpaceX claims that AST's orbital debris mitigation plan 'uses inconsistent and unrealistic assumptions to significantly downplay the risk of its satellites.'
AST SpaceMobile is seeking to create the first space-based cellular broadband network directly accessible by cell phones, but its satellites are obnoxiously big. The company's prototype satellite unfurled its giant array in late 2022, outshining most objects in the skies except for the Moon, Venus, Jupiter, and seven of the brightest stars.
Prior to unfurling its tennis court-sized array, the satellite exhibited a brightness magnitude of around +3.5, making it visible to the naked eye. However, after deploying its antenna array, its brightness increased by about 2 magnitudes. Around two years later, AST launched five more satellites into orbit, which were just as large as the prototype, but future models could be even larger. The company wants to launch 243 more of its satellites.
A second-generation BlueBird is set to launch in the next few weeks following the FCC's approval. SpaceX claims that AST's proposed constellation is filled with 'critical gaps and inconsistencies' that have to do with avoiding collisions with other objects in space and preventing debris from falling to Earth. In its letter, SpaceX warns that AST launching its satellite 'without resolving these issues would be irresponsible, potentially subjecting all other operators in LEO (low-Earth orbit) to unnecessary risk.'
Although SpaceX's Starlink satellites have not had an orbital collision incident, they have had a couple of close calls. In September 2019, the European Space Agency's Aeolus satellite was forced to carry out an orbital maneuver to dodge a Starlink satellite. China also reported that its Tiangong space station crew had to conduct maneuvers in orbit to avoid the satellite constellation. The risk that the satellites pose for future collisions and space debris generation is a growing concern since they account for more than half of close encounters tracked in low Earth orbit, according to space tracking experts.
But there's more to the hypocrisy and the accusations that SpaceX is levying at its rival. Similar to AST, SpaceX's satellites have also been a visual orbital nuisance. Astronomers have raised concern that Starlinks are interfering with their observations of the universe, appearing as bright streaks in telescopic images. SpaceX was also involved in multiple disputes over the use of spectrum bands that interfere with other networks; the company has been accused of using its position in the industry as a main provider of rocket launches to coerce other companies, like OneWeb, to share their wireless spectrum rights.
The two companies are no better than one another, and they are locked in a competitive cycle as they both race to deliver satellite connectivity to smartphones. AST has previously accused SpaceX of attempting to 'intimidate and bully' its competitors after Musk's space venture sent a previous letter to the FCC last year claiming AST is spreading misinformation to try and hamper its work. As SpaceX and AST continue to squabble, both companies are contributing to low Earth orbit's increasing congestion.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cognizant sees quarterly revenue above estimates on strong enterprise demand
Cognizant sees quarterly revenue above estimates on strong enterprise demand

Yahoo

timea minute ago

  • Yahoo

Cognizant sees quarterly revenue above estimates on strong enterprise demand

(Reuters) -IT consulting company Cognizant Technology forecast third-quarter revenue above Wall Street expectations on Wednesday, owing to strong spending from customers looking to integrate artificial intelligence into their platforms. Cognizant's services have seen strong uptake from enterprises looking to automate processes and shift workloads to the cloud as they adopt AI in the hopes of boosting productivity and optimizing costs. "Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth," said Cognizant CEO Ravi Kumar S. The company forecast third-quarter revenue between $5.27 billion and $5.35 billion, compared with analysts' expectations of $5.27 billion, according to data compiled by LSEG. It reported revenue of $5.25 billion in the second quarter, beating estimates of $5.19 billion. Cognizant reported earnings per share of $1.31 in the quarter ended June 30, compared with a profit of $1.14 per share a year ago.

TTM Technologies (NASDAQ:TTMI) Reports Bullish Q2, Provides Optimistic Revenue Guidance for Next Quarter
TTM Technologies (NASDAQ:TTMI) Reports Bullish Q2, Provides Optimistic Revenue Guidance for Next Quarter

Yahoo

timea minute ago

  • Yahoo

TTM Technologies (NASDAQ:TTMI) Reports Bullish Q2, Provides Optimistic Revenue Guidance for Next Quarter

PCB manufacturing company TTM Technologies (NASDAQ:TTMI) reported Q2 CY2025 results topping the market's revenue expectations , with sales up 20.7% year on year to $730.6 million. On top of that, next quarter's revenue guidance ($710 million at the midpoint) was surprisingly good and 5.6% above what analysts were expecting. Its non-GAAP profit of $0.58 per share was 11% above analysts' consensus estimates. Is now the time to buy TTM Technologies? Find out in our full research report. TTM Technologies (TTMI) Q2 CY2025 Highlights: Revenue: $730.6 million vs analyst estimates of $670.1 million (20.7% year-on-year growth, 9% beat) Adjusted EPS: $0.58 vs analyst estimates of $0.52 (11% beat) Adjusted EBITDA: $109.7 million vs analyst estimates of $99.01 million (15% margin, 10.8% beat) Revenue Guidance for Q3 CY2025 is $710 million at the midpoint, above analyst estimates of $672.5 million Adjusted EPS guidance for Q3 CY2025 is $0.60 at the midpoint, above analyst estimates of $0.54 Operating Margin: 8.5%, up from 6.4% in the same quarter last year Free Cash Flow Margin: 5.1%, similar to the same quarter last year Market Capitalization: $4.93 billion 'We delivered a strong quarter with revenues and non-GAAP EPS above the high end of the guided range with non-GAAP EPS at a quarterly record high. Revenues grew 21% year on year due to demand strength in our Aerospace and Defense, Medical, Industrial and Instrumentation, Data Center Computing, and Networking end markets, with the increased demand in the latter two being driven by the requirements of generative AI,' said Tom Edman, CEO of TTM. Company Overview As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. With $2.65 billion in revenue over the past 12 months, TTM Technologies is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. As you can see below, TTM Technologies grew its sales at a mediocre 4.4% compounded annual growth rate over the last five years. This shows it couldn't generate demand in any major way and is a tough starting point for our analysis. Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. TTM Technologies's annualized revenue growth of 5.5% over the last two years is above its five-year trend, suggesting some bright spots. This quarter, TTM Technologies reported robust year-on-year revenue growth of 20.7%, and its $730.6 million of revenue topped Wall Street estimates by 9%. Company management is currently guiding for a 15.2% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 3.7% over the next 12 months, a slight deceleration versus the last two years. This projection is underwhelming and implies its products and services will face some demand challenges. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating Margin Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. TTM Technologies was profitable over the last five years but held back by its large cost base. Its average operating margin of 5% was weak for a business services business. On the plus side, TTM Technologies's operating margin rose by 4.2 percentage points over the last five years, as its sales growth gave it operating leverage. In Q2, TTM Technologies generated an operating margin profit margin of 8.5%, up 2 percentage points year on year. This increase was a welcome development and shows it was more efficient. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. TTM Technologies's EPS grew at a solid 10.5% compounded annual growth rate over the last five years, higher than its 4.4% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of TTM Technologies's earnings can give us a better understanding of its performance. As we mentioned earlier, TTM Technologies's operating margin expanded by 4.2 percentage points over the last five years. On top of that, its share count shrank by 2.4%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For TTM Technologies, its two-year annual EPS growth of 19.2% was higher than its five-year trend. We love it when earnings growth accelerates, especially when it accelerates off an already high base. In Q2, TTM Technologies reported adjusted EPS at $0.58, up from $0.39 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects TTM Technologies's full-year EPS of $2.09 to grow 7.2%. Key Takeaways from TTM Technologies's Q2 Results We were impressed by how significantly TTM Technologies blew past analysts' revenue, EPS, and EBITDA expectations this quarter. We were also excited its revenue and EPS guidance for next quarter outperformed Wall Street's estimates by a wide margin. Zooming out, we think this quarter featured some important positives. The stock traded up 1.3% to $49.39 immediately following the results. TTM Technologies may have had a good quarter, but does that mean you should invest right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lam Research forecasts upbeat quarterly revenue on strong chip equipment demand
Lam Research forecasts upbeat quarterly revenue on strong chip equipment demand

Yahoo

timea minute ago

  • Yahoo

Lam Research forecasts upbeat quarterly revenue on strong chip equipment demand

(Reuters) -Lam Research forecast first-quarter revenue above Wall Street expectations on Wednesday, driven by strong demand for its specialized chip-making equipment used in developing advanced artificial intelligence processors, sending its shares up over 4% in extended trading. Demand for Lam's equipment has been bolstered by a surge in orders for artificial intelligence semiconductors, with chip designers striving to develop advanced processors to meet growing computing needs. However, tariffs imposed by U.S. President Donald Trump have introduced volatility into the chip industry, prompting firms to reassess costs and seek clarity on the potential impact of the duties. Dutch firm ASML, the world's biggest supplier of computer chip-making equipment, warned earlier this month that it may not achieve revenue growth in 2026. Lam forecast first-quarter revenue of $5.20 billion, plus or minus $300 million, compared with estimates of $4.63 billion, according to data compiled by LSEG. It forecast quarterly adjusted earnings per share of $1.20, plus or minus 10 cents, while analysts expect $1 per share. The company reported revenue of $5.17 billion for the quarter ended June 29, beating estimates of $5.01 billion. Lam reported quarterly earnings per share of $1.35, compared with a profit of 78 cents per share, a year ago. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store