Catalyst calendar
The repricing schedule is mostly public if you actually look at it.
AllI · Rad-hard & space-grade siliconII · Space-grade solar & powerIII · Propulsion & propellantsIV · Laser comms & optical terminalsV · Atomic clocks & space PNTVI · Ground segment & direct-to-deviceVII · Launch & reusabilityVIII · In-space infrastructure & servicingIX · Earth observation & space dataX · Private giants & exposure vehicles
August 2026
- 06mediumEarningsRKLBRocket Lab Q2 2026 earnings — first full quarter owning Mynaric/CONDORFirst print to show how the acquired CONDOR optical-terminal line is being scaled and whether integration is on track given Mynaric's prior production failures.
- 07mediumEarningsCACICACI fiscal Q4/FY2026 resultsCACI is the only listed independent merchant OCT maker; commentary on CrossBeam volume production ramp and EST Phase 2 is the cleanest read on terminal-supply economics.
September 2026
- 01mediumProgramSDA Tranche 2 Transport Layer (Alpha/Beta) launches beginFirst T2TL launches put three-to-four optical terminals per satellite into orbit, validating qualified suppliers' delivery cadence and the cross-vendor link standard at scale.
December 2026
- 01mediumProgramSDA Tranche 3 Tracking Layer production milestones / next OCT demand waveThe $3.5B Tranche 3 award (72 satellites across LMT/RKLB/NOC/LHX) drives the next large optical-terminal procurement cycle, repricing qualified-supplier demand.