{"frequency":"weekly","subject":"Weekly Space Intelligence: Flight 10 comeback, Starship's cost revolution","introduction":"Starship Flight 10 comeback, Falcon 9 defense launches, AST SpaceMobile \u0026 Rocket Lab rally, and the space economy’s march toward $1 trillion. This week’s deep dives: Starship’s cost revolution and our breakdown of rocket reusability limits.","banner":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIzOSwicHVyIjoiYmxvYl9pZCJ9fQ==--a799c169af6f1e6e49a378d3c47d6d5869e4368f/Copy%20of%20M33_NewsletterBanner%20(1).jpeg","posts":[{"title":"Starship Will Reduce Bandwidth Launch Cost by up to 50x","slug":"starship-will-reduce-bandwidth-launch-cost-by-up-to-50x","visibility":"public","type":"analysis","summary":"Starship’s scale and reusability slash launch costs from ~$500/kg expendable toward a ~$60/kg initial floor, and when paired with V3 satellites delivering 10× more bandwidth per kilogram, the economics compound into ~40–50× lower $/Gbps, transforming Starlink and unlocking entirely new frontiers for the space industry.","tags":["Broadband","Launch","SpaceX","Starlink"],"url":"https://research.33fg.com/analysis/starship-will-reduce-bandwidth-launch-cost-by-up-to-50x","published_at":"Aug 27, 2025","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIzNiwicHVyIjoiYmxvYl9pZCJ9fQ==--36fd26ab190af5729205f889fc3eb00218e4f529/Starsrhip.jpeg"},{"title":"Rocket Reusability Limits: Mach33 Breakdown","slug":"rocket-reusability-limits-mach33-breakdown","visibility":"public","type":"analysis","summary":"An investor-focused analysis of rocket reusability that ranks the key technical limiters and distills their implications for cost, cadence, and fleet economics.","tags":["Launch"],"url":"https://research.33fg.com/analysis/rocket-reusability-limits-mach33-breakdown","published_at":"Aug 20, 2025","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTE3NywicHVyIjoiYmxvYl9pZCJ9fQ==--f3ae0d9d31207d25ee52958d8f50ca5ef3ea7554/heatshield.jpeg"}],"charts":[],"news":[{"title":"SpaceX Starship Flight 10: Comeback Mission Validates V3 Starlink Deployment","summary":null,"tags":["Launch","SpaceX","Starlink"],"url":"https://research.33fg.com/news/spacex-starship-flight-10-comeback-mission-validates-v3-starlink-deployment","published_at":"Aug 27, 2025","source":"X","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIyNywicHVyIjoiYmxvYl9pZCJ9fQ==--9f4c4f5ec9b0928f1ac953a688ec984e7f156659/Screenshot%202025-08-27%20at%2011.27.11.jpg","commentary":"\u003cdiv\u003e\u003cstrong\u003eSpaceX’s Starship Flight 10 delivered a major breakthrough.\u003c/strong\u003e On August 26, Booster 16 and Ship 37 lifted off from Starbase and executed all primary objectives: ascent, hot-stage separation, booster boost-back and splashdown in the Gulf of Mexico, orbital insertion, deployment of eight mock V3 Starlink satellites via a new “Pez dispenser,” an in-space Raptor relight, and a controlled splashdown in the Indian Ocean.\u003cbr\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eNot everything was smooth. One booster engine shut down early in ascent, and after the in-space relight, an explosion in the aft skirt damaged the right aft flap. During reentry, Starship turned an unusual orange, likely from deposited material on heat-shield tiles rather than widespread failure, before landing on target and tipping over post-splashdown.\u0026nbsp;\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003eFor investors, the key milestone is clear: \u003cstrong\u003eStarship has now demonstrated the ability to carry and deploy Starlink V3 satellites.\u003c/strong\u003e That de-risks the economics of scaling Starlink’s next-generation constellation, a core driver of SpaceX’s long-term valuation. The successful in-space engine relight and controlled booster return further validate progress toward full reusability.\u003cbr\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eAfter several failed flights, Flight 10 stands as a comeback moment for the program. It restores confidence in Starship’s development path and underscores its strategic importance: lowering launch costs, scaling Starlink capacity, and enabling future Artemis and Mars missions.\u003c/div\u003e"},{"title":"Global space economy now valued at $613 billion, with $1 trillion milestone forecast by 2032","summary":null,"tags":[],"url":"https://research.33fg.com/news/global-space-economy-now-valued-at-613-billion-with-1-trillion-milestone-forecast-by-2032","published_at":"Aug 26, 2025","source":"Orbitaltoday","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIyMCwicHVyIjoiYmxvYl9pZCJ9fQ==--d00fe393fcd64e4ed83f70ce68887d9691655271/tsr-500x400-v2.png","commentary":"\u003cdiv\u003eThe Space Foundation’s Q2 report places the current global space market valuation at approximately $613 billion, reflecting a 7.8% year-over-year growth. Analysts anticipate continued infrastructure investments, in areas like in-orbit transport, Earth observation, and broadband via ground terminals, could propel the sector to a trillion-dollar economy by 2032. Surge in this foundational layer of the space ecosystem signals incoming opportunities across commercial and defense applications.\u003c/div\u003e"},{"title":"York Space Systems delivers complete 21-satellite payload for SDA Tranche 1 mission","summary":"Denver CO (SPX) Aug 26, 2025 - \nYork Space Systems has shipped its final spacecraft for the upcoming Tranche 1 Transport Layer mission, completing delivery of all 21 satellites that will constitute the launch payload. The launch w","tags":["York Space Systems"],"url":"https://research.33fg.com/news/york-space-systems-delivers-complete-21-satellite-payload-for-sda-tranche-1-mission","published_at":"Aug 26, 2025","source":"Spacewar","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIyMiwicHVyIjoiYmxvYl9pZCJ9fQ==--a02f6958ca01a725e525885b93b86b64b8c26b45/york%20space%20systems.jpeg","commentary":"\u003cdiv\u003eYork Space Systems has shipped its final batch of 21 satellites, finalizing the payload for the upcoming Space Development Agency’s Tranche 1 Transport Layer launch. This launch will mark the inaugural operational deployment of the SDA’s Proliferated Warfighter Space Architecture, designed to deliver secure communications and resilient data transport for frontline defense use.\u003c/div\u003e"},{"title":"AST SpaceMobile stock surges on rollout roadmap and AT\u0026T/EchoStar spectrum news","summary":"AST SpaceMobile Surges 6.75% on Satellite Deployment Breakthrough—What’s Fueling the Momentum?","tags":["AST Spacemobile","DTC","EchoStar"],"url":"https://research.33fg.com/news/ast-spacemobile-stock-surges-on-rollout-roadmap-and-at-t-echostar-spectrum-news","published_at":"Aug 26, 2025","source":"Ainvest","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIzNywicHVyIjoiYmxvYl9pZCJ9fQ==--e65a6b33c2eec01ec335ade060f53901cfc9b842/echostar.jpeg","commentary":"\u003cdiv\u003eASTS rose nearly 9% after the company reiterated plans to deploy 45–60 satellites by 2026 and confirmed that the BlueBird test satellites are already operational in LEO. Investor enthusiasm was further supported by reports that AT\u0026amp;T is acquiring spectrum assets from EchoStar (sparking a 70% increase in share price), seen as strengthening a key partner’s ability to back AST’s direct-to-device rollout. The stock reaction underscores growing confidence in the company’s long-term strategy despite near-term launch delays.\u003c/div\u003e"},{"title":"Rocket Lab’s stock jumps over 9% following manufacturing expansion and 70th Electron launch","summary":"RKLB stock today: Rocket Lab's stock increased over 9% following the announcement of its expansion in US manufacturing capabilities and the successful launch of its 70th Electron mission. The company received a $23.9 million grant to boost semiconductor and solar cell production, signaling its commitment to national security needs and space technology advancements.","tags":["Rocket Lab"],"url":"https://research.33fg.com/news/rocket-lab-s-stock-jumps-over-9-following-manufacturing-expansion-and-70th-electron-launch","published_at":"Aug 25, 2025","source":"Indiatimes","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIyMSwicHVyIjoiYmxvYl9pZCJ9fQ==--462c7daf0ba2432522a982f1951117c0c8d8b5c1/electron.jpg","commentary":"\u003cdiv\u003eRocket Lab’s shares rose sharply, by more than 9%, after unveiling a $23.9 million Department of Commerce grant to expand U.S.-based semiconductor and solar cell manufacturing, along with acquiring electro-optical payload specialist Geost. Combined with the achievement of its 70th Electron launch and ongoing Neutron development, the move strengthens its integrated mission capability and market positioning.\u003c/div\u003e"},{"title":"SpaceX postpones Starship Flight 10 over ground‑system issue","summary":"The company is now targeting Monday (Aug. 25) for the liftoff.","tags":["Launch","SpaceX"],"url":"https://research.33fg.com/news/spacex-postpones-starship-flight-10-over-ground-system-issue","published_at":"Aug 24, 2025","source":"Space","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTIxNywicHVyIjoiYmxvYl9pZCJ9fQ==--c60af1f93824cadfbba1661da0506c8136bb8b66/starshipasdf.jpg","commentary":"\u003cdiv\u003eSpaceX delayed its tenth Starship test flight, originally scheduled for 24 August, due to a malfunction in ground‑systems at its Starbase facility in Texas. The mission had already entered fueling stages and was intended to test upgrades to heat shields, steering flaps, and to deploy mock Starlink satellites, with booster and upper stage splashdowns planned in the Gulf of Mexico and Indian Ocean. The launch will be attempted again either on the evening of the 25th or the 26th.\u0026nbsp;\u0026nbsp;\u003c/div\u003e"},{"title":"SpaceX Launches X‑37B Spaceplane on Falcon 9","summary":null,"tags":["SpaceX"],"url":"https://research.33fg.com/news/spacex-launches-x-37b-spaceplane-on-falcon-9","published_at":"Aug 22, 2025","source":"Nasaspaceflight","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTE5MiwicHVyIjoiYmxvYl9pZCJ9fQ==--3d82f9ee99938a83fcde48ad1ffca18e92cc2358/x37b.jpeg","commentary":"\u003cdiv\u003eA SpaceX Falcon 9 successfully launched the U.S. Space Force’s X‑37B Orbital Test Vehicle - its eighth mission - from Kennedy Space Center last night. The flight marked another demonstration of first-stage reusability with a clean booster landing, while the spaceplane will conduct experiments in laser communications and quantum inertial navigation. This mission underpins continued defense investment in space-based experimentation and showcases SpaceX’s operational reliability.\u003c/div\u003e"},{"title":"Starship Flight 10 Nears Launch","summary":"Liftoff of Flight 10 is scheduled for Sunday evening (Aug. 24).","tags":["SpaceX"],"url":"https://research.33fg.com/news/starship-flight-10-nears-launch","published_at":"Aug 22, 2025","source":"Space","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTE5MywicHVyIjoiYmxvYl9pZCJ9fQ==--78492d715eadb174c1c1cb9df492600bcad60c1c/SW4Ht2eyjmETwYC276o6ED-1200-80.jpg","commentary":"\u003cdiv\u003eSpaceX has moved its Super Heavy booster to the pad at Starbase, setting up for Starship’s 10th test flight on Sunday. The step highlights a ramping test cadence as production scales, but also follows a series of explosive setbacks that have weighed on sentiment. Investors should note that a clean test here would not only validate SpaceX’s methodical campaign but also mark a sharp shift in confidence around Starship’s development timeline and cost curve.\u003c/div\u003e"},{"title":"AST SpaceMobile’s FM1 launch timing slips","summary":"AST SpaceMobile’s FM1 craft is reportedly not going to be launched as speedily as hoped. According to the Indian Space Research Organisation (ISRO), which is","tags":["AST Spacemobile","DTC"],"url":"https://research.33fg.com/news/ast-spacemobile-s-fm1-launch-timing-slips","published_at":"Aug 22, 2025","source":"Advanced Television","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTE5NCwicHVyIjoiYmxvYl9pZCJ9fQ==--2c73bc34bbda9c8a16da6a522b8b9de785e77e05/astsasad.png","commentary":"\u003cdiv\u003eISRO now indicates that AST SpaceMobile’s first BlueBird (FM1) launch may not occur until late 2025, slipping from earlier expectations. The delay postpones initial commercial service activation and stretches the period where operations must be sustained by existing cash reserves and credit lines. For investors, this extends near-term execution risk, making liquidity management and partner payment schedules key watch points ahead of the broader constellation rollout.\u003c/div\u003e"},{"title":"SNS Insider Forecasts $4.2B Space Semiconductor Market by 2032","summary":"Space Semiconductor Market growth driven by increasing satellite deployments, space exploration missions, and advancements in radiation-hardened chip...","tags":[],"url":"https://research.33fg.com/news/sns-insider-forecasts-4-2b-space-semiconductor-market-by-2032","published_at":"Aug 20, 2025","source":"Globenewswire","thumbnail":"https://research.33fg.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTE5MSwicHVyIjoiYmxvYl9pZCJ9fQ==--1a905a9c167f1a2e809a7aa84cb54320347f3204/semi%20space.jpg","commentary":"\u003cdiv\u003eA new report forecasts the space semiconductor sector will exceed $4.22 billion by 2032, growing at a 6% CAGR. Accelerated satellite constellation deployment and in-space systems demand drive this upside. Investors may view this as a positive indicator for component suppliers positioning in next-generation space hardware.\u003c/div\u003e"}]}
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