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Contracts, deals, capital and backlog in the orbital economy — read through primary sources. The filing is always the receipt; every claim traces to a document.

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SEC · IPFilings & patents

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Space & Defense

A Collar That Fixes the Stock Leg at $27 — Inside a Band, and Only Inside It

Iridium's employee FAQ, filed as merger communication on August 6, sets out the consideration for Rocket Lab's acquisition: $27 in cash plus shares on a ratio that is pinned between $67.50 and $112.50.

By Daniela Frost · Aug 6, 2026 · SEC

Space

Milestone-Based Satellite Services Arrangements, Explained

Some space companies sell whole satellite programs as long-term, milestone-based arrangements, billing as contractual milestones are met. Here is how a real 10-K describes the structure and how revenue is recognized against it.

By Daniela Frost · Jun 22, 2026 · SEC

Space

Fixed-Price, Cost-Reimbursable and IDIQ: Space Contract Types Explained

A space company's contract mix shapes its margins and its risk. Here is what fixed-price, cost-reimbursable, time-and-materials and IDIQ contracts mean, and why an IDIQ ceiling is not the same as an obligation, in the words of real filings.

By Jonah Reyes · Jun 22, 2026 · SEC

Space

Reading a Space Company's Government-Revenue Concentration Risk

When a large share of a space company's revenue comes from government customers, its filings disclose the dependence as a risk factor. Here is what that concentration exposes a company to, in the words of a real 10-K.

By Sam Whitlock · Jun 22, 2026 · SEC

Space

What the SEC's SPAC Disclosure Rules Mean for Space Companies

Many new-space companies went public by merging with a SPAC. In 2024 the SEC adopted rules to align SPAC and de-SPAC disclosures with traditional IPOs. Here is what the rules require and why the structure matters.

By Elena Vossberg · Jun 22, 2026 · SEC

Space

What a Going Concern Disclosure Means for a Pre-Revenue Space Company

A going-concern warning is a formal statement that there is substantial doubt about whether a company can fund itself for the next year. Here is what triggers the disclosure and how a real space-company filing frames the risk.

By Elena Vossberg · Jun 22, 2026 · SEC

Space

How Space Companies Recognize Revenue Over Time on Long Contracts

Many space contracts are recognized as revenue gradually, using a cost-to-cost method, rather than all at once on delivery. Here is how a real 10-K describes the over-time, single-performance-obligation accounting that drives a space company's reported sales.

By Daniela Frost · Jun 22, 2026 · SEC

Space

Funded vs. Unfunded Backlog in Space and Defense Filings

Backlog is not one number. A space or defense company's funded backlog is money already committed to the work; unfunded backlog is contracted scope that still depends on future appropriations. The distinction is disclosed, and it matters.

By Sam Whitlock · Jun 22, 2026 · SEC

Space

What Remaining Performance Obligations Mean on a Space Company's Books

Remaining performance obligations are the contracted-but-unrecognized revenue a space company has under signed deals. Here is how the disclosure is defined in a real SEC filing and why it differs from a press-release backlog number.

By Sam Whitlock · Jun 22, 2026 · SEC

Space

Airbus Defence and Space Is Filing Across Positioning, Stealth and Lunar Resources at Once

A newly published Airbus Defence and Space application describes a muted reference-signal method for positioning services. Read against the company's recent filing cluster — spanning PNT, stealth weapons integration, radar-absorbing materials and lunar oxygen production — it points to a prime spreading R&D across the full space-and-defense map rather than one program.

By Sam Whitlock · Jun 18, 2026 · Patent record

Space

Dawn Aerospace's Latest Filing Doubles Down on a Simpler Rocket Motor

A newly published Dawn Aerospace application re-files the company's rocket-motor feed system built around a passive sonic choke and self-pressurized propellants. Paired with its earlier grant, the filing points to a new-space firm concentrating its IP on propulsion simplicity rather than breadth.

By Elena Vossberg · Mar 20, 2026 · Patent record

Space

Lockheed's New Grant Maps the Plumbing Behind Its Phased-Array Antennas

A Lockheed Martin patent issued March 17 covers high-density radio-frequency connections for the electronically steered arrays used in satellites and space systems. Read against a cluster of recent Lockheed antenna grants, it extends issued coverage from the radiating face of an array down into the interconnects that make it manufacturable.

By Daniela Frost · Mar 20, 2026 · Patent record

Space

Hughes Is Filing Toward a Multi-Band, Multi-Orbit, Direct-to-Device Future

A recently published Hughes Network Systems application describes balancing satellite-terminal traffic across two frequency bands at once. Read against a cluster of recent Hughes filings, it points to a company spending R&D on stitching GEO, LEO and cellular into one managed pipe — including direct-to-device.

By Sam Whitlock · Mar 27, 2026 · Patent record

Space

Airbus Locks In a Patent for Imaging and Laser-Downlinking in One Pass

An Airbus Defence and Space patent issued March 24 covers an Earth-observation spacecraft that interleaves image capture and laser data transmission within a single orbit by precisely re-pointing between tasks. Read against the company's deep satellite footprint, it extends issued coverage from building and moving satellites toward getting their data to the ground faster.

By Jonah Reyes · Mar 27, 2026 · Patent record

Space

General Dynamics' Filings Point Toward Light-Based Links in Space

A General Dynamics Mission Systems application published April 2 covers printing circuits onto curved surfaces. Set against the unit's recent run of free-space-optics and quantum-communications filings, the cluster points to a quiet build-out of optical and quantum links and resilient navigation for contested space and defense networks.

By Daniela Frost · Apr 3, 2026 · Patent record

Space

Blue Origin's New Grant Maps the Math Behind a Steady Space Station

A Blue Origin patent issued March 31 covers using continuous electric propulsion to hold a large crewed space vehicle in 'pristine microgravity' against atmospheric drag in low Earth orbit. Read against the company's deep launch-and-vehicle grants, it extends issued coverage from getting to orbit toward living and working there.

By Jonah Reyes · Apr 3, 2026 · Patent record