Six institutional investors increased their ASTS positions in Q3 2026, with two doubling their stakes, while two others nearly exited. Aggregate net buying was modest at $1.8M, but the directional conviction is positive. The cluster is dominated by asset managers, not passive funds, lending weight to the signal.
Rocket Lab announced that the first launch of its Neutron rocket, previously expected in 2026, is now anticipated to shift into 2027. The company cited ongoing development and process improvements as reasons for the delay. No financial figures or revised cost estimates were provided.
Gilat Satellite Networks announced that its subsidiary Gilat DataPath received over $8 million in additional orders from the U.S. Department of War for field services and SATCOM system upgrades, with deliveries expected over the next 12 months. The orders expand Gilat Defense's presence across U.S. defense programs but represent a modest contract relative to the company's overall revenue base.
Gilat Satellite Networks announced it secured over $10 million in additional SkyEdge IV orders from a leading satellite operator, with deliveries scheduled over the next 12 months. The orders support continued adoption of the multi-orbit platform for applications including In-Flight Connectivity (IFC). This is a modest positive order announcement but represents a relatively small absolute dollar amount for the company.
Gilat Satellite Networks announced a $28 million contract with Pronatel to upgrade broadband connectivity in Peru's Ica region, with construction expected by mid-2027 followed by a seven-year operational phase. This is a notable but not transformative win, representing the fifth such regional project in Peru since 2025.
Rocket Lab announced a multi-year agreement for 20 Electron launches with Synspective, the largest commercial launch contract for Electron in the company's history. The deal brings total Synspective missions to 47 and pushes the launch backlog beyond 100 missions, but financial terms were not disclosed.
Iridium stockholders overwhelmingly approved the acquisition by Rocket Lab at a special meeting on September 24, 2026. Approximately 99.6% of votes cast (85.9M shares) favored the merger, which has a notional value of $54.00 per share ($27.00 cash plus Rocket Lab stock). The transaction is expected to close by mid-2027, subject to remaining regulatory approvals.
Rocket Lab's acquisition of Iridium cleared a key milestone with 99.6% of Iridium shares voted in favor (representing 81% of outstanding shares). The $54/share notional value deal (half cash, half stock) is expected to close by mid-2027, pending remaining regulatory approvals. This shareholder vote removes a major execution risk and moves the transformative combination closer to completion.
Three top executives at BlackSky Technology, including the CEO, CFO, and General Counsel, sold a combined $688K in open-market sales over a one-week window. The CEO's $458K sale is the largest, representing roughly 0.2% of the company's market cap. While the dollar value is modest relative to market cap, the cluster of C-suite and senior officer sales without any disclosed 10b5-1 plan raises a caution flag, especially given the stock's recent volatility.
Two Globalstar directors executed offsetting trades on the same day: Monroe James III purchased $29.84M worth of shares in an open-market buy, while Lynch James F sold an identical dollar amount. The buy is a strong bullish signal from a director and 10% owner, but the simultaneous sale by another director creates a mixed picture. The cluster's total value of $59.68M represents approximately 0.18% of Globalstar's market cap (based on ~$33B market cap at $82.52/share), which is modest but notable given the insider status.
Two Globalstar directors executed mirror-image trades on the same day: Monroe James III purchased 361,600 shares at $82.52 for $29.84M, while Lynch James F sold the identical number of shares at the same price for $29.84M. The net direction is mixed, with no net insider cash flow, but the large open-market purchase by a director/10% owner is a bullish signal that partially offsets the sale.
Director and 10% owner Monroe James III purchased $29.84M of GSAT stock on the open market at $82.52/share on September 18, 2026. This is a massive conviction buy — the largest single-insider open-market purchase by dollar value in the filing window — representing a strong bullish signal from an insider with both board and ownership stakes.
Two top Planet Labs executives — President & CFO Ashley F. Johnson and Co-Founder/Chief Strategy Officer Robert H. Schingler — executed open-market sales totaling $1.83M within a three-day window (Sept 15-17, 2026). Schingler also had a tax-withholding transaction on Sept 15, but the open-market sales are the focus. The combined $1.83M represents approximately 0.56% of Planet Labs' ~$326M market cap, a modest but notable insider selling cluster. No 10b5-1 plan is indicated, and the sales are not routine vesting-driven patterns — both officers sold similar dollar amounts at the same price on the same day, suggesting coordinated portfolio rebalancing or a response to the stock's recent strength (trading near $17, up from recent lows).
Two top executives at Planet Labs sold a combined $1.83M in open-market sales on the same day, with the CFO selling $944K and the Co-Founder/CSO selling $886K. The Co-Founder also had a tax-withholding transaction earlier in the week. While the dollar value is modest relative to the company's market cap, the clustering of C-suite open-market sales on the same date is notable.
Two C-suite insiders at AST SpaceMobile sold a combined $3.06M in open-market transactions on September 16, 2026. The COO and CTO each disposed of shares at ~$58.90, with the CTO's $2.36M sale representing the bulk of the cluster.
Rocket Lab announced it has fully financed its pending $1.944 billion acquisition of Iridium Communications by completing a $1.944 billion ATM equity offering (29.3 million shares) and amending Iridium's existing $1.775 billion credit facility to permit the change of control, which also allowed the termination of the $3.6 billion bridge debt commitment. The acquisition is expected to close in mid-2027, pending regulatory approvals. This removes financing risk and de-levers the deal structure, but the massive equity dilution (~29.3M shares on a pre-deal base) is a material negative for existing common shareholders.
Iridium Communications Inc. entered into Consent and Amendment No. 4 to its Credit Agreement, which consents to the pending acquisition by Rocket Lab Corporation and provides that the transaction will not trigger a Change of Control under the credit facility. The amendment also increases the interest rate margins on the Term B-4 Loans post-closing and provides for a downstream guarantee from Rocket Lab USA, Inc. This removes a key financing condition to closing the merger, allowing the existing term loans to remain outstanding after the acquisition closes.
Rocket Lab fully funded its pending $1.944B Iridium acquisition by completing an ATM equity raise of ~$1.944B (29.3M shares) and securing a change-of-control amendment on Iridium's $1.775B term loan, allowing the debt to remain post-close. The $3.6B bridge facility was terminated, de-risking the capital structure. The deal is expected to close in mid-2027, pending regulatory approvals. This removes financing uncertainty but introduces significant dilution (~29.3M new shares) and a long timeline to close, with no financials disclosed to assess deal economics.
Iridium Communications Inc. entered into Consent and Amendment No. 4 to its Credit Agreement, which consents to the pending acquisition by Rocket Lab Corporation (RKLB Corp.) and provides that the transaction will not trigger a Change of Control under the credit facility. The amendment also increases the interest rate margins on the Term B-4 Loans post-closing and provides for a downstream guarantee from Rocket Lab USA, Inc. This removes a key financing condition to closing the merger, allowing the existing term loans to remain outstanding after the acquisition closes.
Rocket Lab completed a $1.944B ATM equity offering (29.3M shares) and secured a change-of-control amendment on Iridium's $1.775B credit facility, fully financing its pending acquisition of Iridium. The company also terminated the $3.6B bridge facility, de-risking the capital structure. The acquisition is expected to close in mid-2027 pending regulatory approvals.
CEO Brian O'Toole, CFO Henry Dubois, and General Counsel Christiana Lin collectively sold ~$1.77M in open-market shares at ~$20.95-$21.83 over a 3-day window. This is a cluster of C-suite selling with no corresponding insider buying, representing ~0.21% of BKSY's $843M market cap. While the dollar amount is modest relative to market cap, the participation of the CEO, CFO, and top legal officer in the same window elevates the signal beyond routine liquidity-driven sales, especially given the stock's recent strength and the absence of any disclosed 10b5-1 plan context for these specific trades.
Planet Labs reported Q2 FY2027 revenue of $116.1M (+58% YoY), significantly beating the $104.2M consensus, and delivered non-GAAP net income of $0.02 per share versus a consensus estimate of -$0.02. The company generated $13.9M in adjusted EBITDA profit and $28.8M in year-to-date adjusted free cash flow, but guided Q3 revenue ($101-105M) well below the Q2 run rate and lowered its full-year FY2027 revenue outlook to $430-441M from the prior $425-441M range midpoint, signaling a sharp deceleration. The strong Q2 beat is overshadowed by the weak Q3 guide and the dilutive overhang from $120M in ATM stock sales during the quarter at an average price of $31.95/share, creating a mixed picture for traders.
Two Globalstar directors sold a combined $10.64M in open-market stock over a week, with director Lynch selling $9M at ~$81.78. This is the largest insider selling cluster at GSAT in the past 30 days, representing ~0.1% of the $10.6B market cap. While the dollar amount is notable, the proportionality is modest relative to market cap, and both sellers are directors (not C-suite), which limits the bearish signal strength per academic literature on insider sales.
The NYSE filed a Form 25-NSE to delist BlackSky Technology Inc.'s redeemable warrants (exercisable for Class A common stock at $92/share) due to an 'abnormally low selling price' under Section 802.01D of the Listed Company Manual. Trading was suspended on August 10, 2026, and the company did not appeal. The delisting is effective September 8, 2026, removing the warrants from NYSE listing and registration. This is a negative signal for the warrants' liquidity and valuation, though the common stock remains listed on the OTC market with a $1.0B market cap.
A cluster of insider selling at Iridium Communications Inc. (IRDM) saw two directors sell a combined $10.91M in open-market transactions on August 17, 2026. Director Thomas Fitzpatrick alone sold $10.51M worth of shares, representing a significant proportion of his likely holdings. This selling follows a broader pattern of insider sales at the company, with $19.3M in sales over the prior 30 days, and occurs without any disclosed positive catalyst, suggesting a bearish signal from those closest to the business.
A cluster of four Globalstar insiders sold a combined $11.31M in open-market transactions over a 7-day window, including the CFO and VP of Finance. The stock trades near $83, reflecting deal optimism around the pending Amazon merger (HSR clearance obtained July 17). Absent a specific 10b5-1 or liquidity explanation, this cluster of C-suite selling at elevated prices is a notable negative signal. The cross-filing context (Q2 earnings showing a YoY revenue decline and swing to net loss 12 days prior) adds pressure.
Rocket Lab was selected for the U.S. Space Force's NITE-STAR IDIQ contract with a $981M ceiling, making it eligible to compete for task orders in space test and training infrastructure. This is a significant government contract win that expands Rocket Lab's defense revenue pipeline, though actual revenue depends on future task order awards and is not guaranteed by the IDIQ ceiling alone. The contract builds on Rocket Lab's existing government and defense work, but the lack of a guaranteed minimum or initial task order value limits near-term financial impact visibility.
A significant institutional cluster in AST SpaceMobile (ASTS) for Q2 2026 shows strong net buying conviction, with 29 buyers accumulating $945.6M in new positions versus 11 sellers reducing holdings by $250.1M. The buying is dominated by major passive and active managers, including a massive new $296.3M position from Norges Bank and a $385.6M increase from Morgan Stanley. The cross-filing context includes an earnings and offering combination that acts as an amplifier, but the standalone cluster data presents a clear bullish thesis on institutional conviction in the company's space-based cellular broadband network buildout.
Three GSAT insiders, including a VP and General Counsel, sold a combined $9.35M in open-market sales over a 7-day window following the company's Q2 2026 earnings report. The sales follow a quarter where revenue declined 3.5% YoY and the company swung to a $26.5M net loss. While the stock is primarily driven by the pending Amazon merger, the cluster of sales by senior insiders at elevated prices near $83/share warrants caution, though the total value is only ~0.09% of the $10.8B market cap, making the signal modest in proportional terms.
Rocket Lab announced a new $1.944 billion at-the-market (ATM) equity program to fund the Iridium acquisition, replacing the prior May 2026 program with no increase in the unsold amount. Simultaneously, the company disclosed that the HSR waiting period for the Iridium deal expired, the Form S-4 registration statement was filed, and FCC applications were submitted, marking significant regulatory progress. The company also intends to seek amendments to Iridium's $1.775 billion term loan to reduce reliance on the $3.6 billion bridge facility, though lender consent is not assured.
Intuitive Machines reported Q2 2026 revenue of $206.2M, over 4x the $50.3M in Q2 2025, driven by spacecraft production and program execution. However, GAAP EPS of -$0.29 missed the consensus estimate of -$0.07 by a wide margin, and operating cash flow burned -$59.8M. The record backlog of $1.8B and full-year revenue guidance of $900M-$1B signal strong future revenue visibility, but the continued cash burn and GAAP losses keep the near-term outlook mixed for the common stock.
Intuitive Machines reported Q2 2026 revenue of $206.2M, over 4x the $50.3M in Q2 2025, driven by spacecraft production and program execution. However, the GAAP net loss widened to -$62.8M from -$38.2M a year ago, and the company burned -$59.8M in operating cash flow. The record backlog of $1.8B and $920M in Q2 bookings signal strong future revenue visibility, but the continued cash burn and GAAP losses keep the near-term outlook mixed for the common stock.
Rocket Lab filed an S-4 registration statement for its acquisition of Iridium Communications Inc. via a merger. Iridium stockholders will receive $27.00 in cash and a variable number of Rocket Lab shares (subject to a collar) for each Iridium share, implying a total consideration of $54.00 per share. The deal, valued at approximately $7.6 billion, is expected to close in mid-2027 pending regulatory approvals and Iridium stockholder vote, creating a vertically integrated end-to-end space company.
Two GSAT insiders—Director Benjamin Wolff and General Counsel L. Barbee Ponder IV—sold a combined $6.1M in open-market sales over a 7-day window ending August 12, 2026. The sales follow a Q2 earnings miss (revenue -3.5% YoY, net loss of $26.5M) and come as the stock trades near $83, near its 52-week high, with the pending Amazon merger (HSR clearance July 17) as the primary valuation driver. While the dollar amount is modest relative to the $10.8B market cap (~0.06%), the cluster of two senior insiders selling after disappointing quarterly results warrants attention.
Rocket Lab reported Q2 2026 revenue of $234M, up 62% YoY and roughly in line with consensus of $235.9M. GAAP EPS of -$0.03 beat the -$0.06 consensus estimate. The company guided Q3 revenue to $250-265M, implying continued sequential growth, and highlighted a record backlog of $2.36B. The strong revenue growth and raised guidance are positive, but the company remains GAAP-unprofitable with an operating loss of $57.5M, tempering the bullish read-through.
Rocket Lab reported a record Q2 with revenue of $234M (+62% YoY), slightly beating EPS consensus and significantly exceeding revenue estimates. The company guided Q3 revenue of $250-265M, announced the transformative acquisition of Iridium, and disclosed a $397M Space Force contract for the SB-AMTI program, signaling strong demand and vertical integration momentum. The massive $2.36B backlog (+137% YoY) combined with sequential revenue acceleration points to accelerating top-line trajectory, though the company remains GAAP-unprofitable with operating losses increasing sequentially.
Gilat reported strong H1 2026 results with total revenues of $233.1M (+18.3% YoY) and net income of $13.4M, up from $3.8M in H1 2025. The company also announced a definitive agreement to acquire the majority of Comtech's Satellite & Space Communications segment for $157.5M in cash, expected to close by end of 2026 subject to regulatory approvals. The financial momentum combined with the strategic acquisition positions Gilat for further scale, though execution and regulatory risks remain.
A massive institutional cluster in Redwire Corp (RDW) shows 19 funds accumulating $151.3M in new positions during 2026-Q2, led by a $144.9M new stake from Mirae Asset Global Investments. Only 5 small sellers trimmed $907K, resulting in net buying of $150.4M. This signals strong institutional conviction in Redwire's space and defense growth story, though 13F data is 45 days stale.
BlackSky Technology saw a mixed institutional cluster in Q2 2026: 6 buyers added $1.8M in net new positions (led by Exchange Traded Concepts and Citigroup), while 4 sellers reduced holdings by $37M, primarily driven by large trims from Bank Of New York Mellon (-$30M) and Daiwa Securities Group (-$7.1M). The selling is concentrated among two of the company's largest institutional holders, suggesting a potential rebalancing or profit-taking after the stock's strong run, while the buying is smaller in scale and comes from asset managers. The cluster follows a strong Q2 earnings beat (revenue +50% YoY, consensus beat) and a $150M ATM equity raise, which may explain the divergence in institutional sentiment — some funds are trimming exposure due to dilution concerns while others are adding on growth momentum.
BlackSky Technology reported Q2 2026 revenue of $33.3M (+50% YoY), beating the $29.9M consensus, and a GAAP net loss per share of $(0.54), which beat the $(0.35) consensus estimate. The company reaffirmed its full-year 2026 guidance of $130M-$150M in revenue and $12M-$24M in Adjusted EBITDA, following a raise in the prior quarter, and highlighted record space-based intelligence revenue of $25M and a strengthened cash position of $244M after a $150M ATM equity raise. The strong revenue growth and positive Adjusted EBITDA margin of 14.2% signal accelerating operational performance, though the GAAP net loss and ongoing dilution from the ATM offering temper the overall impact.
Gilat reported Q2 2026 results with revenue up 17% to $122.7M but GAAP net income declined to $8.1M from $9.8M, and GAAP operating income fell to $4.7M from $5.7M, while raising non-GAAP metrics (Adjusted EBITDA up 31% to $15.4M). The Comtech acquisition remains on track for year-end close, and full-year revenue guidance of $500-$520M was reiterated. The mixed picture of revenue growth paired with GAAP earnings decline and significant non-cash stock-based compensation charges leads to a mixed sentiment.
Rocket Lab (RKLB) was awarded a $397 million contract by the U.S. Space Force under the SB-AMTI program to develop, launch, and operate multiple advanced Flatellite spacecraft using its upcoming Neutron rocket. The award validates Rocket Lab's vertical integration strategy and positions it as a key defense prime for persistent space-based tracking capabilities.
Intuitive Machines completed its previously announced acquisition of Goonhilly Earth Station and COMSAT LLC on August 3, 2026. The UK acquisition of Goonhilly Earth Station Limited was valued at £37.0 million, split equally between cash and stock (960,649 shares of Class A common stock), while COMSAT LLC was acquired for a base cash purchase price of $10 million. The deal expands Intuitive Machines' ground station network and deep space communications capabilities, directly supporting upcoming IM-3 and Altus-1 missions under NASA contracts.
Two insiders at Intuitive Machines sold a combined $148.2M in stock over two days, with the bulk ($147.6M) coming from 10% owner Advent International selling 11.5M shares at $12.84. Director Kamal Ghaffarian also sold $624K in open-market shares after exercising options. The $147.6M sale represents 5.5% of the company's $2.7B market cap, a highly material cluster that signals a major reduction in a large holder's position.
Iridium reported Q2 2026 revenue of $225.2M (+4% YoY), in line with consensus, but GAAP EPS of $0.09 missed the $0.26 Street estimate by 65%, driven by $14.3M in transaction costs related to the pending Rocket Lab acquisition and the Aireon purchase. The company withdrew financial guidance and suspended conference calls due to the pending acquisition, which is expected to close in mid-2027. The Aireon acquisition closed post-quarter for ~$366.7M, expected to add $100M in annual service revenue and $30M in OEBITDA, partially offsetting the earnings miss.
Gilat Satellite Networks announced over $20 million in orders from a leading global satellite operator for SkyEdge services and systems, with most deliveries expected within 24 months. The orders support multi-orbit connectivity and reinforce Gilat's position in satellite networking, though the amount is modest relative to the company's $872M market cap.
Gilat announced over $20 million in SkyEdge orders from a leading global satellite operator, with most deliveries expected within 24 months. The orders cover services, ground segment systems, and network management, reinforcing demand for multi-orbit connectivity solutions.
Gilat Satellite Networks announced $11 million in orders from the U.S. Department of War for field services and custom SATCOM terminals, with deliveries expected over the next 12 months. The orders reinforce Gilat's role in mission-critical defense connectivity but represent a modest absolute amount relative to the company's ~$972M market cap.
Virgin Galactic entered into a privately negotiated exchange agreement to convert ~$52.5M of its 2.50% Convertible Senior Notes due 2027 into common stock/pre-funded warrants, reducing outstanding notes by ~75% from $70.4M to $17.9M. The exchange is intended to improve liquidity and strengthen the balance sheet ahead of planned commercial operations in Q4 2026, but will result in significant dilution to existing common shareholders.
Gilat Satellite Networks announced $43 million in additional orders for its Sidewinder ESA terminals from a major in-flight connectivity service provider, with deliveries planned over the next 18 months. The orders support continued growth in Gilat's mobility business and validate the Sidewinder's role in next-generation multi-orbit IFC architectures.
