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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Latest episode
Jul 10, 2026
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Episodes
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...
Space Power: The Space Force Reveals What's In Its Crystal Ball 18.04.2026 42:52
The U.S. Space Force revealed what it thinks could be the threats, where those threats are located, and what it will need by 2040. The revelations will not only serve the service branch, but should guide C-suites, entrepreneurs, investors, and technologists for years to come. Laura Winter speaks with Joel Mozer, the first Chief Scientist of the U.S. Space Force; and Peter Garretson, Senior Fellow...
Space Money: Lunar Excitement And SpaceX’s “Crazy Pants” Valuation 03.04.2026 40:11
Space Money: Lunar Excitement And SpaceX’s “Crazy Pants” Valuation Artemis II is on its way to the Moon — the first crewed lunar mission in more than 50 years. Private credit is flashing warning signs, and SpaceX just filed for the largest IPO in history. The numbers, as one guest puts it, are "crazy pants." Laura Winter speaks with The DownLink regulars Chris Quilty, founder of Quilty Space; and...
Space Money: Buckle-Up For “Incredibly Dramatic” Changes In The Market 27.03.2026 32:06
At SatShow 2026 many government and business leaders admired the “incredibly dynamic” changes and the new challenges in the marketplace and investing. But what do they need to do to compete and thrive in it? Laura Winter speaks with Frank Backes, President, Space Information Sharing and Analysis Center (Space-ISAC), former CEO, Capella Space, just recent President, IonQ Quantum Infrastructure.
Space Competition: “March Storm” On Capitol Hill Seeks Equal Tax Treatment For Space Investors 20.03.2026 38:45
It’s “Advocacy Season” on Capitol Hill. The 30th “March Storm” — organized by the Alliance for Space Development — seeks better terms for space start-ups and venture capital investors ahead of the SPaceX IPO. Laura Winter speaks with Peter Garretson, a Senior Fellow at the American Foreign Policy Council, who is also the author of three books, the latest of which is “Space Shock: 18 Threats That W...
Space Power: Space Force West Scholars Axed. What’s The Future for Senior Professional Military Education? 13.03.2026 40:53
Three years after the U.S. Space Force established the West Scholars program at the Johns Hopkins University School of Advanced International Studies (SAIS), the Pentagon is killing this highly tailored and unique space-minded Senior Professional Military Education fellowship, along with other graduate-level opportunities at 21 other universities and think tanks. Laura Winter speaks with Joel Moze...
Space Money: A Traders Take on Epic Fury, Valuations, and the SpaceX IPO 06.03.2026 37:24
The wake of the U.S.-led bombing campaign of Iran - Operation Epic Fury - has rattled markets around the world and inspired some public equity investors to adjust their positions and to more critically assess space companies with a speculative return on investment. Laura Winter speaks with Lou Whiteman, a space investor and a Motley Fool stock analyst covering aerospace and defense. d96efi5C1HZHLj...
Space Tech: Skynopy - The Ground Station Play That May Have a Military Application 27.02.2026 39:45
Paris-based Skynopy’s virtual Ground Station As A Service promises of faster data speeds and a network of partner ground stations has earned it contracts with AWS, Eutelsat, Airbus, and the French Defense Innovation Agency’s Aerospace Lab. Laura Winter speaks with Pierre Bertrand, co-Founder and CEO of Skynopy.
Space Money: Tariffs, SCOTUS, Carveouts, And Space Business 20.02.2026 35:00
While the Supreme Court has ruled that President Donald Trump’s use of the 1977 International Emergency Economic Powers Act to impose tariffs is unconstitutional, experts warn that the administration has other means to extract from American businesses and consumers what would amount to import taxes. Space businesses are not immune, but they do have opportunities to shield their bottom lines. Laura...
Space Power: Middle East Ambitions 13.02.2026 34:14
This week U.S. President Donald Trump met with Israeli Prime Minister Benjamin Netanyahu to speak about how to curb Iran’s nuclear ambitions. This episode explores recent space-related developments in Israel, Iran, and more generally the rest of the Middle-Eastern region. Laura Winter speaks with Lawrence Rubin, co-director of the Georgia Tech DC Program and an associate professor in the Sam Nunn...
Space Money: The Space Force Budget And A New Leader 06.02.2026 42:33
Finally, the U.S. Congress passed and U.S. President Donald Trump signed off on the U.S. Space Force’s $26 billion 2026 budget. And, the Space Force Association has a new CEO. Laura Winter speaks with U-S Air Force Brigadier General (Ret.) Damon Feltman, CEO, Space Force Association (SFA), who was the Mobilization Assistant to the Deputy Chief of Space Operations, Strategy, Plans, Programs, Requir...
Space Power: The View From Down Under 30.01.2026 32:17
Australia and the United States have been close allies for more than seven decades, but with the old rules-based world order disappearing, Australia needs to shape and fund its national defense and space ambitions to fit the times. Laura Winter speaks with Malcolm Davis, a Senior Policy Analyst at the Australian Strategic Policy Institute, who focuses on space policy, security, strategy, and capab...
Space Power: Golden Dome - “Boy! Has It Stalled” 23.01.2026 38:38
While President Donald Trump cites the Golden Dome missile defense shield program as the reason for seeking sovereignty over Greenland, congressional appropriators complain they have too little knowledge on the program’s progress. It’s been 12 months since the presidential executive order kicked-off the Golden Dome effort. Laura Winter speaks with Todd Harrison, a Senior Fellow at the American Ent...
Space Money: "Steel Is Sexy" 16.01.2026 36:52
Traders and investors are feeling whipsawed this week, but those who hold notes in space companies are seemingly immune. Space companies, especially infrastructure business cases, are seeing steady and huge gains in value. Laura Winter speaks with The DownLink regulars Chris Quilty, founder of Quilty Space; and George Pullen, Partner and Chief Economist at MilkyWayEconomy.
Space Power: What Are The Strategic Implications of the Trump Corollary and Venezuela? 09.01.2026 32:34
Ground stations, built by proxies of China’s People's Liberation Army and Russia’s Roscosmos, can be found across Latin America, including three on Venezuelan military bases. Recent operations in and around Venezuela demonstrate that these strategically important adversarial space assets are now in the cross-hairs of the Trump Corollary. Laura Winter speaks with Namrata Goswami, Professor of Space...
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