Starlink has announced plans to launch its third-generation satellites, which will offer over a terabit per second of downlink capacity, with a target launch date set for 2026 using SpaceX's Starship. The network currently boasts a capacity of nearly 450 Tbps and median peak-hour latency of 25.7 milliseconds in the US, while the company continues to grow its customer base and satellite count. However, the success of the new satellites depends on overcoming ongoing challenges with the Starship program.

AST SpaceMobile is set to deploy 45 to 60 satellites to enhance cellular-based broadband networks, positioning itself as a competitor to SpaceX. The company reported strong financials with over $1.5 billion on its balance sheet, and its stock surged over 10% following the announcement. Service is expected to begin in the U.S. by the end of 2023, expanding to other countries by 2026.