CONGRESS.NET

AST SpaceMobile (NASDAQ: ASTS) director Adriana Cisneros purchased 10,822 shares across three related accounts on August 31, signaling notable confidence in the embattled satellite company. The open-market purchases cost approximately $619,200 at an average price near $57.22 per share, representing a meaningful financial commitment from a board-level insider. Cisneros’s aggregate indirect ownership rose to 797,023…

While American investors pour retirement savings into freshly public SpaceX (NASDAQ: SPCX), a far quieter deal may be reshaping the global satellite industry from Tokyo. Japan’s Ministry of Internal Affairs and Communications has preliminarily selected the Rakuten and AST SpaceMobile joint venture for its J-LEO initiative, worth up to approximately $1 billion in non-dilutive, non-debt…

China has restricted 12 critical minerals from US access, striking directly at the heart of next-generation directed-energy weapons programs. Bloomberg Intelligence defense analyst Wayne Sanders explained that older laser weapons “were the size of buildings” because of the enormous power demands they required. The directed-energy trade rests on shrinking that massive footprint down to something…

Despite securing a new European defense contract and a fresh analyst Buy rating, Planet Labs PBC (NYSE: PL) stock sank sharply on Thursday while the broader market advanced. Shares of Planet Labs fell 8% to $18.48 during the session, a notable divergence from the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), which rose 0.6% to…

Naval modernization spending is creating significant tailwinds for defense contractors GE Aerospace and RTX, even as their stock prices have recently retreated. The U.S. Navy has been awarding modernization contracts that directly benefit both GE Aerospace and RTX, positioning them favorably within the broader defense sector. Despite the positive contract momentum, shares of both GE…