Launch and Manufacturing Capacity Expands

Overall, we are investing in launch, both to diversify our supply chain and in response to synergies with our key satellite services government partners. To that end, in July, we announced a launch partnership with Isar Aerospace. Under this agreement, Isar is scheduled to launch a Pelican next year, which we plan to build in our new German satellite manufacturing facility. With both the satellite and the Isar launch vehicle Spectrum being built in Germany, this would be a national first for the country, demonstrating the value of commercial space in rapid advancements in German sovereign space capabilities. Relatedly, I wanted to provide an update on the German manufacturing facility, which is expected to roughly double our manufacturing capacity.