The Karman Line

The Karman Line

3.78 Billion SpaceX Shares by Christmas

Today is tranche two of seventeen. The full supply wall doesn't clear until December 8 — and the schedule between now and then is brutal.

Aug 22, 2026

A Satellite Just Traveled 5 Tons in Under 24 Hours. On Its Own, That Trip Takes Months

Space just got its own version of overnight shipping.

Aug 20, 2026

Every Rocket Has Had the Same Design Flaw for 60 Years. It Just Broke

The size limit on space hardware quietly disappeared this year.

Aug 19, 2026

$60 Million Sounds Small. It's Not.

Space Force handed five firms a foot inside a multi-billion-dollar program — and the real production orders haven't started yet.

Aug 17, 2026

SpaceX Burned $18.4 Billion Last Quarter. Most Went to AI.

Musk is guiding to a $100 billion AI run rate by December. The stock already trades at 19 times that number.

Aug 15, 2026

SpaceX Made $2.6 Billion From AI Last Quarter

Rockets brought in $962M. Connectivity added $4.3B. AI topped both. The company you thought you knew looks different now.

Aug 13, 2026

Wall Street Punished the Wrong Number

A $0.08 EPS miss triggered the drop. The $872 million in annual revenue arriving with Iridium barely got a mention.

Aug 12, 2026

A Rocket Explosion That Was Good News

There are two kinds of rocket failures. Blue Origin got the fixable one — and the replacement part is already being manufactured.

Aug 10, 2026

Wall Street Expected a Dump. Space Stocks Had a Different Week

SpaceX dipped to $105 at the open. By close, the rotation was already underway.

Aug 8, 2026

911 Million SpaceX Shares Just Unlocked

Before today, less than 5% of SpaceX traded on the open market. That just changed — by a lot.

Aug 6, 2026

Hughes Burned Nearly a Dollar for Every Dollar It Made

Five and a half years of losing subscribers to Starlink — then the $1.5 billion bond payment came due and there was nothing left to pay it.

Aug 5, 2026

Google Is Paying SpaceX $920 Million a Month — Starting October

It won't appear in tomorrow's Q2 numbers. But it rewrites the entire back half of 2026 for every analyst model built before June.

Aug 3, 2026

Every satellite hits the same wall. It's not the camera

The real ceiling in orbit is boring, invisible, and about to become a business.

Aug 1, 2026

Rockets are cheap now. We're running out of places to launch them

The traffic jam in space starts on the ground — at a pad, not a launchpad.

Jul 30, 2026

The space AI race might be won by a really good radiator

Why the boring cooling panel could beat the fancy chip in orbit.

Jul 29, 2026

There is no air traffic control for space. None.

45,000 objects, no traffic cop, and the one fix we were building just got cut.

Jul 27, 2026

What happens to space if one rocket has a bad year?

Generals are asking that question — and quietly funding the answer.

Jul 25, 2026

Your phone is about to talk to space. Here's who actually wins

Why the phone-to-space gold rush is really a spectrum story.

Jul 23, 2026

The most important system you never think about is breaking

When the thing everyone relies on is this fragile, the spare is worth a fortune.

Jul 22, 2026

Launches are booming. So why is space insurance dying?

The satellites that need coverage most are now too cheap to bother insuring.

Jul 20, 2026

In every gold rush, the wagon owner sleeps better than the miner

The moon race has a quiet money-maker nobody's talking about.

Jul 18, 2026

There's a landlord race happening 250 miles above your head

The old lab retires in 2030. The new ones aren't built yet. Tick, tick.

Jul 16, 2026

Nobody's watching the most important part of space

Hint: it's not the rockets. It's not the satellites. It's on the ground.

Jul 15, 2026

They want to build factories in space. Here's the part nobody's watching

The orbital factory gets the headlines. The real moat is somewhere else...

Jul 13, 2026

The sky is full of cameras. Guess who's actually buying

A quiet shift in who writes the checks may reshape the whole market...

Jul 11, 2026