SES S. A.

SES announced the successful launch of its eleventh, twelfth and thirteenth O3b mPOWER satellites, completing its second-generation medium Earth orbit constellation. The three satellites lifted off at 2:49 pm local time aboard a SpaceX Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Space Force Station. They join the 10 O3b mPOWER spacecraft already in operation, bringing the full constellation to 13 satellites offering services ranging from tens of Mbps to multiple gigabits per second of capacity to any site. CEO Adel Al-Saleh called the launch a defining milestone that reinforces SES's ability to deliver resilient, secure and scalable connectivity for governments, enterprises, cloud providers and mobility customers. The newly launched satellites are expected to become operational by mid-2027, expanding high-performance connectivity capacity in underserved and remote environments and advancing SES's next-generation MEO network strategy.

SES announced the launch of SES CORE, a first-of-its-kind content orchestration and hybrid delivery platform that lets broadcasters and media customers manage, monitor and enable transmission of content via satellite, fiber and IP through a single interface. Built on an infrastructure-neutral architecture, the platform brings multiple distribution technologies into a unified orchestration layer so customers can select the most effective delivery path while guaranteeing service reliability and consistent delivery of high-quality content to global partners. SES CORE gives customers real-time visibility into service status by monitoring active content feeds, provides network performance insights, automates operational tasks and offers redundancy options, helping broadcasters manage distribution more independently and efficiently. Deepak Mathur, President of Media at SES, said broadcasters are navigating increasingly complex distribution environments and that SES CORE provides a unified platform designed for the future of content orchestration and hybrid delivery. SES, headquartered in Luxembourg and listed on the Paris and Luxembourg stock exchanges under the ticker SESG, said the launch follows its Intelsat acquisition and more than 100 years of combined global industry leadership.

SES SA reported a 72.4% surge in reported revenue to 1.602 billion euros in the first half of 2026, while like-for-like revenue declined 5%. Adjusted EBITDA rose 47% on a reported basis to 725 million euros, with a margin of 45.2%, but fell 6.2% on a like-for-like basis. The company reiterated its full-year 2026 outlook for stable revenue and adjusted EBITDA year on year, supported by a stronger second half driven by defense contracts. SES also highlighted progress on the upper C-band clearance, which is expected to bring total incentive payments of 6.3 billion U.S. dollars, with approximately 5.6 billion allocated to SES, though proceeds are not expected until 2030-2031. The company secured 1.2 billion euros in renewals and new contracts in the first half, including key wins with the U.S. Space Force, and is advancing its IRIS2 program as a cornerstone of Europe's secure connectivity ecosystem.

Airbus Netherlands has agreed with SES S.A. and the municipality of Noordwijk on a ground lease for an optical quantum communications station at NL Space Campus. The development comes as Airbus shares trade at €194.32, with some market narratives suggesting the stock is 16% undervalued relative to a fair value estimate of about €231 per share. The company continues to benefit from extreme entry barriers, high switching costs, and strong demand visibility, though it faces supply chain constraints and potential defense program setbacks.

SES, Airbus Netherlands and the Dutch municipality of Noordwijk have signed a ground lease agreement to build an optical ground station at the NL Space Campus next to ESA’s ESTeC facility. The station, to be constructed by Airbus for SES, will communicate with the EAGLE-1 satellite via laser technology to receive quantum-safe keys. It will feature a control room, a dome with an ultra-precise telescope, and advanced optics to correct real-time atmospheric distortions. The facility will serve as the primary ground connection for the EAGLE-1 system, a public-private partnership with ESA and the European Commission that aims to demonstrate end-to-end quantum-secure communication. Prime contractor TNO will deliver the station’s technical implementation, with contributions from FSO Instruments, Airbus Netherlands, Officina Stellare and Celestia STS.

SES has launched a multi-orbit satellite in-flight connectivity service on Viva's Airbus aircraft, expanding its aviation broadband presence in the Americas. The deployment will cover 60 A320s and 40 A321s in the coming years, with Viva becoming the first Mexico-based airline to use SES's new electronically steered array antenna connected to its multi-orbit network. The aviation push aligns with SES's latest growth figures, as first-quarter 2026 revenue reached €847 million, up 80.5% year over year at constant currency on a reported basis, helped by the consolidation of Intelsat. Like-for-like revenue grew 3.1%, while Networks revenue rose 106.0% and Mobility revenue increased 207.8% on a reported basis, highlighting the segment's role in driving top-line expansion.

SES shareholders approved all resolutions at an extraordinary general meeting in Betzdorf, Luxembourg. The votes included the cancellation of shares repurchased under the company's buyback program initiated on November 2, 2023, and amended on May 2, 2024, leading to a reduction in share capital. Amendments to the articles of association were also passed, covering indemnification for board members and executives, as well as updates to shareholder meeting procedures.