Daily brief

Every weekday morning an AI co-pilot reads the overnight tape across the book, cross-references the catalyst calendar, and writes what moved and why.

• 2026-09-11A U.S. grant for domestic gallium-arsenide production lifted 5N Plus while rate-sensitive satellite operators sold off.
• 2026-09-10A broad space selloff left Texas Instruments the lone gainer, with Karman Holdings down double digits on a short-seller report.
• 2026-09-09A risk-off market couldn't stop a broad space rally — Earth-observation and defense-space names ran, led by Satellogic's continued surge.
• 2026-09-07SiTime led on its timing-chip consolidation story as the defense primes eased with rates and Astroscale pulled back ahead of earnings.
• 2026-09-04The SpaceX crossover proxy led on launch-cadence optimism while Planet Labs slid to eight-month lows into its earnings print.
• 2026-09-03AST SpaceMobile jumped on a Berenberg buy call while distressed Comtech paced the ground-segment tape lower.
• 2026-09-02A COO exit sank Spire and the small-cap space complex sold off hard, while launch primes held better on a broad risk-off.
• 2026-09-01A soft space tape left AST SpaceMobile the modest leader while Karman's propulsion name extended a multi-week derating.
• 2026-08-31Small-cap satellite and EO names sold off on a risk-off tape while the primes sat flat, and Astroscale's Tokyo line rose on the on-orbit-servicing chokepoint after finalizing its JAXA debris-removal contract.
• 2026-08-28The optical-terminal chokepoint led as Telesat extended its Lightspeed run 9%, while a private-holdings fund line was the day's only real drag on a green tape.
• 2026-08-27Rad-hard defense electronics led while the smallsat and direct-to-cell names sold off, IonQ dragged lower by a quantum-wide derisk.
• 2026-08-26Space bucked a risk-on tape as launch and defense names sold off, with Karman down 4.2% into a lockup expiry while only the private-crossover fund led higher.
• 2026-08-25The space complex sold off hard in a risk-off session despite a White House memo targeting 1,000 launches a year, with Astroscale down 10.8% and AST SpaceMobile off 9.2%.
• 2026-08-24Earth-observation and direct-to-device names led a risk-on space tape, with Satellogic up 7.9% and AST SpaceMobile up 5.5%, while Frequency Electronics fell on soft results.
• 2026-08-21The space complex retreated on valuation concerns, with Moog down 7.2% and the launch names — Firefly, Karman, Rocket Lab — leading a broad selloff while the private-tech exposure fund was the lone bid.
• 2026-08-20A risk-off session for space: the atomic-clocks-and-PNT choke led declines with Frequency Electronics down 11.2% and SiTime 9.0%, and the newspace growth basket sold with them.
• 2026-08-19Northrop caught a defense flight-to-quality bid, up 3.3% on an E-2D milestone, while SiTime's timing chips fell 9.3% and the satellite-comms basket sold with the semis.
• 2026-08-17Intuitive Machines jumped 8% on a record $1.8B backlog while Telesat's deepening GEO losses made it the laggard, in a tape dominated by Q2 earnings.
• 2026-08-14Intuitive Machines reversed to close up 4% on a record $1.8 billion backlog, while Telesat crashed 14% as a deepening loss and higher LEO capex outweighed a new $2.7 billion Canadian contract.
• 2026-08-13SpaceX climbed 10% back above its IPO price on a fresh Starlink launch, while the rad-hard analog-chip suppliers that qualify for orbit eased.
• 2026-08-12SpaceX-valuation enthusiasm sent the Destiny Tech100 proxy up 12% and lit a broad small-cap space rally — Satellogic up 8% — while SiTime slipped 3% on profit-taking.
• 2026-08-11Karman's raised guidance kept the propulsion choke bid and Viasat extended its post-earnings run, while the pre-revenue names de-risked into a wall of Q2 prints.
• 2026-08-10SpaceX's first post-IPO print blew past estimates and swung to a profit, sending SPCX up 16% and lifting the entire launch-and-constellation complex on a dovish tape — Moog the token laggard.
• 2026-08-07SiTime's blowout quarter sent the precision-timing chokepoint up 27% and led a broad space-and-satellite rally, while rad-hard chip name Microchip gave back its own post-earnings pop.
• 2026-08-06SpaceX slid 14% into its lock-up unlock after a first earnings report dominated by an $18.4B capex shock, dragging a broad space-sector risk-off, while Satellogic bucked it on Q2 results.
• 2026-08-05A $1.9B Canadian military-satcom contract sent Telesat up a third in a day, anchoring a broad space-sector relief rally; 5N Plus lagged on a margin miss.
• 2026-08-04The space complex ripped with the risk-on tape into a heavy launch-and-imagery earnings week, Redwire leading, with Texas Instruments the lone chip-name drag.
• 2026-08-03A quiet space tape let CACI lead on a $500M counter-UAS award, while Moog fell 7% on a big earnings beat — a valuation reset, not an order-book problem, ahead of a wall of Q2 prints.
• 2026-07-31The precision-timing and launch chokepoints rode the semiconductor rally — SiTime led the basket while SES cratered on a weak quarter and L3Harris fell on its missile-spinoff delay.
• 2026-07-30A hawkish Fed hold and a jump in long yields sold the entire long-duration space complex — launch, imaging and PNT names fell together, and the basket's only green was a private-fund NAV mark.