- Kongsberg Satellite Services initiated customer demonstrations for Hyperion, the pathfinder mission for its HYPER hybrid radio frequency and optical relay network.
- The campaigns utilize optical terminals from Rocket Lab and Sony Space Communications Corp. alongside S-band and Ka-band RF connectivity to validate operational services.
- Partners like the National Oceanic and Atmospheric Administration will test bidirectional communications and payload data relay, while the program also advances through the European Space Agency's resilience initiative.
- Cathie Wood 's ARK Invest sold $ 1.86 million of Advanced Micro Devices shares and bought $ 13.21 million of Rocket Lab shares amid a broader tech selloff on Tuesday.
- The adjustments reflect ongoing portfolio rebalancing as ARK capitalized on AMD 's 136.27% year-to-date surge while further increasing its stake in Rocket Lab following recent contracts.
- Both growth stocks currently maintain Strong Buy ratings with significant projected upside according to market analysts.
- Ark Invest offloaded 3, 679 shares of Advanced Micro Devices, Inc. valued at $ 1. 8 million amid a broader retreat in technology stocks.
- The fund simultaneously acquired 35, 089 shares of Cerebras Systems Inc. worth $ 7. 7 million, driven by strategic interest in AI infrastructure.
- Additional portfolio adjustments included selling shares of Shopify Inc. and Illumina Inc. while buying shares of Tempus AI Inc. and Rocket Lab Corp.