SpaceX
Ukraine seeks Starlink alternatives from the EU
Ukraine is exploring EU satellite alternatives to Starlink, driven by concerns over Elon Musk’s unpredictability. Starlink remains vital for Ukraine’s battlefield connectivity and cannot be easily replaced. While the European Union has started developing Starlink alternatives, they have not quite reached SpaceX’s capacity to provide internet connection.
Starlink’s Critical Role and Vulnerabilities
Starlink’s 7,000+ satellite network provides essential connectivity for Ukraine’s military. However, SpaceX CEO Elon Musk’s influence has raised strategic concerns.
“Elon Musk is, in fact, the guardian of Ukraine’s connectivity on the battlefield. And that’s a strategic vulnerability,” warns Arthur De Liedekerke, Senior Director of European Affairs for Rasmussen Global.
Opinions of Musk have started to influence dealings with any of his companies, including SpaceX and Tesla. Starlink has not escaped criticism due to its relationship with Musk, resulting in a few governments seeking alternatives to SpaceX’s internet services.
For instance, the German military has announced plans to develop a Starlink alternative. Kyiv and the EU are also seeking options to reduce reliance on Starlink.
EU’s Govsatcom as a Near-Term Option
Member of the EU Parliament (MEP) Christophe Grudler pitched the European Union’s Govsatcom system as a viable alternative to Starlink for Ukraine.
“It is clear that if Starlink decides to cut the signal today, we have options, in particular with Govsatcom, which is the European network that we have brought into service and which, from June, will make it possible to supplement Starlink’s missing signal in Ukraine, if necessary,” he said.
Grudler affirmed: “The European Union is very committed to helping Ukraine, so there would certainly be agreement from all the Member States to come to Ukraine’s aid if it no longer had a Starlink signal in the future.”
However, De Liedekerke pointed out that GovSatcom was made for government use. He noted that “GoveSatcom is a governmental secure satellite communications and it’s essentially to provide reliable, secure, strategically autonomous networks for communication services between governments in the EU. It couldn’t replace the kind of battlefield connectivity that we’re discussing for Ukraine. So it’s not a silver bullet at the moment.”
Eutelsat’s Competitive Edge
Eutelsat, a Franco-British operator, offers a low-Earth orbit network with 630 satellites and 35 geostationary ones, though it trails Starlink’s scale. It has 2,000 terminals deployed in Ukraine and 14,000 more planned to deploy. Starlink has 40,000 terminals in Ukraine, used by the military and civilians.
Price is another factor to consider when seeking a Starlink alternative. Eutelsat’s €9,000 terminals are pricier than Starlink’s €500 units.
“Eutelsat is our European champion, one that has convincing functioning solutions. And one that we need to be able to support through funding and political will,” De Liedekerke said, noting its political independence from the U.S.
Iris2 as a Future Solution
The EU’s Iris2 project is another Starlink alternative Ukraine might consider. The Iris2 project is a 290-satellite constellation, promising secure, low-latency connectivity by 2030, with partial operations by 2028.
“From 2028, we will have an operational Iris2 constellation that will be able to provide telecommunications services to all the Member States that so wish. I would add that this will be the first time we have had a constellation secured with post-quantum cryptography, so cyber-attacks will not be possible on this constellation. It will be a world first with an ultra-secure signal, which is not the case with the Starlink signal either,” Grudler said. ‘
Led by the SpaceRISE consortium, Iris2 offers a long-term alternative, though its timeline limits immediate impact.
Strategic Diversification
De Liedekerke has stressed the need for options aside from Starlink.
“It’s about having options. It’s about not having a single point of failure. It’s being able to say no to one and still be online. And today, we’re not in a situation where we can do that. We’ve let Ukraine’s war zone connectivity be in the hands of one man…that’s a strategic vulnerability.
By having options, by having alternatives, by diversifying our partnerships, we avoid that single point of failure.”
Ukraine’s pursuit of EU solutions aims to ensure battlefield resilience. However, the EU has some way to go before it can match Starlink’s reach.
SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.
Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.
The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.
Watch Falcon 9 launch 24 @Starlink satellites to orbit from California https://t.co/meDwb05qOE
— SpaceX (@SpaceX) June 15, 2026
This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.
The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.
As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.
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Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.
SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.
Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.
As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
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This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.
Elon Musk
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX surged 19% on its first trading day as Musk projected $1 trillion revenue by 2030.
Just days after SpaceX stock pushed its market cap past $2 trillion on its first trading session, closing at $160.95, a 19% gain on the $135 IPO price, Elon Musk posted his own revenue projection on X that went well beyond anything Wall Street modeled. “I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk wrote, then followed up: “And I would be surprised if revenue is not greater than $1T in 2031.” That forecast sits roughly three times above the most bullish institutional estimate on the table.
Morgan Stanley, one of the lead underwriters, projects SpaceX revenue of $160 billion in 2028, $330 billion in 2030, and $3.4 trillion by 2040, with adjusted EBITDA projected to exceed $2.7 trillion at that point. Reaching those numbers from SpaceX’s $18.7 billion in 2025 revenue requires a compound annual growth rate of roughly 42%, which would outpace even Amazon’s fastest growth era. Morgan Stanley’s model places AI infrastructure as the heaviest revenue driver, projecting $190 billion from SpaceX’s AI business alone by 2030. That figure is anchored to xAI’s Grok platform and the Colossus supercomputer following the earlier merger.
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The government revenue pipeline provides a more predictable foundation under those projections. As we have previously reported, SpaceX holds at least $22 billion in cumulative federal contracts across NASA, the Space Force, the NRO, and the Space Development Agency, with 52 active contracts carrying $11.8 billion in remaining value. The NASA Artemis Human Landing System contract alone is valued at $4.04 billion, covering a second crewed lunar landing demonstration targeted for the Artemis IV mission. SpaceX is also a frontrunner for the Golden Dome missile defense shield, and the FAA has approved up to 44 Starship launches from LC-39A in 2026, setting the stage for Starship to become the backbone of both commercial and government heavy lift. Whether Musk’s $1 trillion number proves visionary or simply optimistic, the infrastructure to get there is already being funded.
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