Weak signal · 1 August 2026, 03:42 UTC
SES shares fell roughly 22% over the five trading days through July 31
As the brief logged it
The disconnect suggests the market is discounting both the C-band cash timeline (proceeds not expected until 2030-31 per the order's clearing deadlines) and the pro-forma commercial softening (-5.0%/-6.2% like-for-like, already tracked) more heavily than it is crediting the regulatory and IRIS² progress covered in S1/S2.
Provenance
Logged in the brief of 1 August 2026.
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