The company signed a major commercial agreement with TELUS to bring space-based cellular broadband to Canada and secured a U.S. Space Development Agency defense contract worth roughly $30 million. It also expanded its commercial partnerships, including with Orange in Europe. Fourth-quarter 2025 results showed revenue of $54.3 million, beating estimates, but net losses widened to $74 million. The stock rose significantly on March 3, 2026, bucking a down market, as the company transitions to a revenue-generating business with an aggressive 2026 satellite launch plan.