The DownLink
The DownLink Podcast
From the Defense & Aerospace Report... This is The DownLink Podcast, hosted by Laura Winter. From the intersection of space, business, and defense... Not just what's over the horizon, but what's happening above it. The DownLink Podcast is 2023, 2024, and 2025 Defense Media Award-winner.
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The DownLink
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23. Okt 2026
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Institutional Investors, Risk and the Space Asset Class 23.10.2026 31:40
Institutional investors are diversifying their portfolios to include alternative assets, such as private equity and private credit. With the SpaceX IPO, some are seeking stakes in the space category, but do they understand what they're buying? From the Up/Link SpaceTech Business Summit in New York, Laura Winter speaks with Chris Quilty, Founder and Co-CEO of Quilty Space, and Drew Svor, Partner at...
Words First, Then Money, Now Hardware 16.10.2026 38:40
A year after German Minister of Defense Boris Pistorius spoke about offensive capabilities and pledged €35B to build up military space power, the interest, desire, and need for resilient space systems have grown alongside the increasing number of hybrid attacks attributed to Russia. Laura Winter speaks with Torsten Kriening, Publisher and CEO of SpaceWatch. Global. Watch this episode on The DownLi...
Q3: Big Checks and Rocket Risk 09.10.2026 39:23
Space venture funding hit a record $3.1 billion in September — but the industry's real problem could be a scarcity of rockets, even if SpaceX’s Starship comes on-line. Laura Winter speaks with Chris Quilty, Founder and CEO of Quilty Space, and Lou Whiteman, Stock Analyst at The Motley Fool. Watch this episode on The DownLink YouTube channel. Subscribe to The DownLink newsletter: https://thedownl...
Don't Waste a Molecule. Close the Air Loop. 02.10.2026 41:55
NASA Administrator Jared Isaacman knows that breathing efficiently is really the trick that unlocks human deep space travel. He recently paid a visit to Honeywell Aerospace in Arizona and learned more about the company's clever answer that has the potential for 100% air recyclability. Laura Winter speaks with Meghan Pipitone, Lead Engineer for Air Revitalization, Honeywell Aerospace.
U.S.-China Summit: Trump, Xi, and the State of the Space Race 25.09.2026 45:09
Did space just get short-shrift at this week’s summit? Naming China as the No1 threat, U.S. military officials did just confirm the existence of on-orbit weapons and that it will prepare for combat on and around the moon. Or were there other less-sexy agenda items that directly affect the space industrial base? Laura Winter speaks with Dean Cheng, Senior Fellow, Potomac Institute for Policy Studie...
Orbital Space Weapons — Meh, Pivotal, or Both? 18.09.2026 38:59
Secretary of the Air Force Troy Meink reveals that the United States has placed weapons in orbit, and the new Space Force Chief of Space Operations, Gen. Douglas Schiess, lays out his priorities. Laura Winter speaks with Col. Charles Galbreath, USSF (Ret.), Director, Mitchell Institute Spacepower Advantage Center of Excellence; and Col. Jennifer Reeves, USAF (Ret.), Senior Fellow at the same insti...
U.S. Space Academy: "Doesn't It Make Sense?" 11.09.2026 37:40
States are already vying to become the home of the White House's proposed Space Academy, but what critical problem set should it solve? Do we really need it? This episode — Part 2 of this two-part series and following last week's episode on the National Space Transportation Policy — focuses on the "Establishing the United States Space Academy" proclamation. Laura Winter speaks with retired Space F...
What’s the Payload the President’s 1,000-Launch Memo Should Deliver? 04.09.2026 38:23
Gen. Douglas Schiess just became the Space Force's third Chief of Space Operations, but in the days before the transfer of responsibility, President Donald Trump signed two new pieces of space policy that, if leveraged correctly, could have strategic effects. In this Part 1 episode, three of the nation's most experienced space professionals focus on the National Space Transportation Policy, best k...
Space Force: Targeted Growth In a Time of Budgetary Uncertainty 21.08.2026 35:01
While operating on the brink of a government shutdown has become the not-so-new normal, a fresh take on the Space Force's FY 2027 budget request shows the service branch's plan to normalize real growth through dramatic, yet targeted, programmatic increases. Laura Winter speaks with Sam Wilson, Director of Strategy and National Security, Center for Space Policy and Strategy, The Aerospace Corporati...
Satellites, War, and Humanitarian Law: The ICRC Explains 14.08.2026 47:21
Companies rarely know how a military is using their satellites — and that blind spot could quietly turn commercial infrastructure into a legitimate target, putting the civilians and humanitarian workers who depend on that same infrastructure at risk. The International Committee of the Red Cross calls it a "knowledge gap." Laura Winter speaks with two representatives from the ICRC Regional Delegati...
SpaceX's Q2: A Neo Cloud With a Rocket Side Hustle 07.08.2026 57:12
SpaceX posted its first earnings report as a public company this week, the same week its first share unlock hit the market, more than doubling the float. Elon Musk says revenue will top $1 trillion by 2030, but the plan is murky. Laura Winter speaks with Chris Quilty, Founder and CEO of Quilty Space, George Pullen, Chief Economist at MilkyWayEconomy, and Lou Whiteman, Stock Analyst at The Motley F...
Space Competition: China 1H 2026: Rockets, Vassals, and Purges 31.07.2026 43:21
China's on the cusp of truly competing with SpaceX with a reusable rocket, while it supplies Iran and Russia and Xi Jinping purges another of the nation's space heroes. Laura Winter speaks with Malcolm Davis, Senior Analyst, Defence Strategy Program, Australian Strategic Policy Institute, and Brendan Mulvaney, Director, China Aerospace Studies Institute, Air University.
Space Power: Should the Space Force Station Guardians on the Moon? 24.07.2026 49:05
The fact that the Chinese Coast Guard attacked Philippines vessels in three separate confrontations this week, may illustrate why the Space Force needs Guardians trained and equipped under Title 10 authorities to secure U.S. interests in orbit and on the Moon. Laura Winter speaks with retired Lt. Gen. Joseph "Gus" Guastella, former commander of U.S. Air Forces Central Command, now Executive Vice P...
Space Power: Who Is the Next Chief of Space Operations? 17.07.2026 41:56
Lt. Gen. Douglas Schiess is on track to become the Space Force's third Chief of Space Operations after a 44-minute confirmation hearing. Who is Schiess, and how has the CSO role evolved? Laura Winter speaks with retired Air Force Col. Jennifer Reeves, Senior Resident Fellow at the Mitchell Institute, and retired Air Force Col. Patrick Donley, Director of the Air & Space Forces Association's Doolit...
Space Tech: Where "Resilient" Isn't a Policy Cliché 10.07.2026 44:05
Save the eye-roll. There really are contracts and places where words "resilient" or "resiliency" drive the communications mission. Laura Winter speaks with Dr. Rajeev Gopal, Vice President of Advanced Programs, Hughes Defense.
Space Money: Q2 2026 — Deals, Divestitures, and Big Checks 03.07.2026 35:52
Rocket Lab is acquiring Iridium for $8 billion. Honeywell split in two. Driven by SpaceX, the first half of 2026, especially the second quarter, delivered a remarkable wave of high-value space business activity in the public and private markets. Laura Winter speaks with Chris Quilty, Founder and CEO of Quilty Space, and Lou Whiteman, aerospace and space analyst at The Motley Fool.
Space Power: Executing the International Strategy — Air Marshal Paul Godfrey 26.06.2026 44:25
With a NATO Summit two weeks away and Washington pressing allies to take on more, Air Marshal Paul Godfrey explains how a year of executing the U.S. Space Force's International Partnership Strategy is turning allied integration from plan into practice. Laura Winter speaks with Air Marshal Paul Godfrey, RAF, Assistant Chief of Space Operations for Future Concepts and Partnerships, U.S. Space Force.
Space Money: The Demand Pull — Kevin O'Connell 19.06.2026 42:30
The SpaceX IPO didn't create the appetite for space investment — it revealed it. Laura Winter speaks with Kevin O'Connell, Founder and CEO, Space Economy Rising; former Director, Office of Space Commerce, U.S. Department of Commerce.
Space Money: At $1.77 Trillion It’s SpaceX IPO Day! 12.06.2026 56:21
SpaceX went public on June 12, 2026, in the largest IPO in history, valuing the rocket, satellite broadband communications, and AI company at $1.77 trillion. Laura Winter speaks with Chris Quilty, Founder and CEO of Quilty Space, George Pullen, Chief Economist at MilkyWayEconomy, and Lou Whiteman, stock analyst at The Motley Fool.
Space Power: What Is Taiwan Building? Why? 05.06.2026 43:31
"Without rockets, nothing is going to happen." In the five years since Taiwan's Space Development Act, that island has started to build-out satellite constellations, a launch site, and has just received its first-ever invitation from NASA to contribute directly to the Artemis lunar program. Deterrence and remaining independent from the PRC is also a driver. Laura Winter speaks with Dr. Wu Jong-Shi...
Space Competition: AIAA's Clay Mowry On What The Commercial Sector Wants 22.05.2026 34:53
Citing China’s possible mission to send Taikonauts around the moon, NASA Administrator Jared Isaacman told AIAA's ASCEND conference attendees that the launch cadence to the moon must increase. Laura Winter speaks with Clay Mowry, CEO of the American Institute of Aeronautics and Astronautics (AIAA) and immediate past president of the International Astronautical Federation (IAF).
Space Tech: Can Space-Based Solar Power Close the Business Case? 15.05.2026 48:50
Space-based solar power promises clean, dependable energy beamed from orbit to Earth — but does the business case close? That debate starts here. Laura Winter speaks with George Pullen, Chief Space Economist, Milky Way Economy; Martin Soltau, Co-Founder and Co-CEO, Space Solar; and Richard Winslade, Chief Financial Officer, Space Solar.
Space Money: Terran Orbital and the Race to Scale 08.05.2026 29:40
Russian satellites recently maneuvered to within three meters of each other in low Earth orbit — a stark reminder that space is a warfighting domain and that the race to build resilient satellite constellations has never been more urgent. Lockheed Martin subsidiary Terran Orbital is building the satellite buses for the Space Development Agency's missile-tracking architecture — one tranche at a tim...
Space Competition: Sovereign Systems May Have Entangled Outcomes 01.05.2026 34:25
The White House has nominated Lieutenant General Doug Schiess to become the third U.S. Space Force Chief of Space Operations. This nomination comes at a critical juncture, as allies race to develop sovereign space capabilities to reduce — or altogether avoid — dependence on the United States and its commercial service providers. Laura Winter speaks with Pacôme Révillon, CEO of Novaspace.
Space Power: Space Force "Budget's Like A Protein Shake" 24.04.2026 48:26
The Trump Administration is asking Congress to more than double the Space Force budget — but with billions flowing to classified programs and a missile defense shield still under development, the real question is whether this is a strategy or a very expensive bet. Laura Winter speaks with Todd Harrison, Senior Fellow, American Enterprise Institute, and much respected NASA and Defense Department bu...
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