Europe confirms orders for IRIS2

SpaceX launched the final three satellites for SES's O3b mPower constellation, completing a decade-long project. The satellites will operate in medium Earth orbit, targeting enterprise-grade connectivity. This mission was SpaceX's 29th flight to orbit, with the Falcon 9 rocket successfully landing on a droneship. The O3b mPower constellation, consisting of 13 satellites, complements SpaceX's Starlink network, offering specialized services for commercial and government clients.

SES announced the successful launch of its final three O3b MPower satellites, completing the constellation. The company aims to enhance its non-geostationary orbit (NGSO) satellite fleet, which is crucial for its data and connectivity services.

OHB won a EUR 1 billion contract from SES to build 18 satellites for Europe's Iris2 MEO constellation. Both companies are part of the SpaceRISE consortium. First launches are planned for 2029, with services starting then.

SES AI reported Q2 2026 revenue of $5.1M, up 40% YoY, with GAAP gross margin at 22.6%. Full-year revenue guidance remains $30M-$35M. The company has $163M in cash and expects drone cell production to reach 1M units annually by Q4 2026. ESS contributed over 70% of revenue, while GAAP net loss was $17.8M.

According to an SEC filing by SES AI Corp, the NYSE notified the company on Aug. 13, 2026 that it will begin delisting proceedings and immediately suspended trading of SES AI’s public warrants due to an abnormally low selling price under NYSE rules. The NYSE plans to apply to the SEC to delist the warrants. Trading of Class A common stock (NYSE: SES) is unaffected.

SES AI Corp (SES) filed an SEC Form 8-K — Results of Operations and Financial Condition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dear Shareholders, ​ SES is solving two of the most difficult challenges in energy storage: accelerating product development using AI4Materials and buil