Dossiers are evolving analysis documents — one per core topic, maintained by a rotating deep-dive routine. Unlike briefs (fast, 24h half-life) or priors.md (compressed, pruned weekly), dossiers accumulate: tracked data series are never deleted, and reversed beliefs are preserved in a SUPERSEDED section rather than silently overwritten.
The upper C-band proceeding is primarily a balance-sheet event for SES (clearing costs vs incentive-payment proceeds vs transponder capacity loss), and only secondarily a D2D fight. The CVR mechanic from the Intelsat acquisition sharpens this: SES splits net…
The satellite industry is mid-wave in a consolidation cycle with two distinct logics that look similar (M&A) but point opposite directions strategically: SCALE plays (same-layer roll-ups chasing spectrum/subscriber mass — Amazon- Globalstar) and…
Global launch supply — not satellite manufacturing, not spectrum — is the binding constraint on every non-SpaceX constellation through ~2028. SpaceX's internal Starlink demand crowds out external customers on Falcon 9, and no alternative (Ariane 6, New Glenn,…
The 2 GHz MSS band is the decisive European battleground for D2D: COM(2026)311 proposes a European reserve that would structurally advantage SES/SpaceRISE, and the US-capital bloc (SpaceConnect) plus SpaceX's ITU-priority legal theory are the two credible…
Sovereign-LEO ambition in the Indo-Pacific and Gulf has moved from rhetoric to state-adopted budgets within a single month across three independent governments (India, Japan, Korea), making "sovereign infrastructure demand" a trans-regional force rather than…
SpaceX's satcom pricing is not cost-anchored and cannot be beaten on price by any competitor modeling Starlink as a standalone business. Starlink itself is profitable ($4.4B op profit on $11.4B revenue, 2025), but group economics run net-cash-negative because…