#satellite-broadband

#satellite-broadband

Q1 2026 revenue of $14.74 million missed the $36.58 million consensus by 59.72%, and EPS came in at -$0.66, a 223.21% miss driven by an $88.65 million induced conversion expense and $55.35 million in stock-based compensation. Shares dropped 11.62% on the report. Reddit sentiment cratered to 11 (very bearish) midday, then recovered to 73 (bullish) within hours as investors refocused on management's reaffirmed $150 million to $200 million full-year guidance and the mid-June BlueBird 8, 9, and 10 launch.

Aspiring Starlink competitor Logos Space Services has secured FCC clearance to launch more than 4,000 broadband satellites into low Earth orbit by 2035, as reported by . Under FCC regulations, the company must deploy half of the approved amount within the next seven years. The company is headed by its founder, Milo Medin, a former project manager at NASA as well as a former vice president of wireless services at Google.

The FCC approval enables SpaceX to add 7,500 Gen2 Starlink satellites to orbit, doubling its current number and bringing its total network to 15,000 satellites. According to the FCC, the additional satellites will enable SpaceX to better provide low-latency, high-speed internet communications across the globe. The FCC approval should enable SpaceX to leverage its recently announced speed increases, which were announced on the social media platform X late last year. "Significant improvements in @starlink network performance in 2025, with median peak-hour network-wide speeds increasing by over 50%," Starlink Vice President of Engineering Michael Nicolls said in a tweet.