Good morning. It's Saturday, July Fourth, 2026. You're listening to the Morning Voicecast — tech, space, and AI, served before the fireworks. Happy Independence Day.

**Story one.** Unitree Robotics has won final regulatory approval from China's securities regulator for a Shanghai STAR Market IPO valued at six hundred nineteen million dollars. The company plans to sell over 40 million shares, valuing Unitree at roughly 42 billion yuan — about 6.2 billion dollars. This follows their June hearing, and now with CSRC clearance, they're finalizing underwriting and pricing for a potential debut as early as late July. Unitree makes some of the world's most visible humanoid robots — the G1 and H2 platforms — and this IPO is a bellwether for how public markets will price embodied AI. Beijing wants physical AI moving from lab demos into factories, and Unitree is giving investors a direct play on that trend.

**Story two.** First contact. NASA confirmed this morning that Katalyst Space has successfully established communications with their LINK robotic servicing spacecraft. The satellite launched just yesterday on a Northrop Grumman Pegasus XL air-launched rocket. LINK's mission: find and boost the orbit of NASA's aging Swift Observatory — a first-ever attempt to rescue a non-cooperative scientific satellite using three robotic arms. Over the next several weeks, Katalyst will run checkout procedures on LINK's propulsion, sensor, and navigation systems. If everything holds, this mission could redefine how we think about extending the lives of billion-dollar space assets that were written off.

**Story three.** Google has lost its final appeal against the European Union's record 4.1 billion euro antitrust fine. The Court of Justice of the EU ruled Thursday, ending an eight-year legal saga that began in 2018 when regulators found Google used Android to block rival search engines and browsers. The ruling is final — no further appeals. It's the largest of several EU antitrust penalties against Google, and legal analysts say it will likely embolden European regulators in their broader Big Tech crackdown. For Alphabet, the 4.1 billion euro hit is manageable, but the precedent is the real story.

**Story four.** Impulse Space has raised half a billion dollars in Series D funding, led by 137 Ventures and Banner VC. If that name doesn't ring a bell, here's why it should: Impulse is building orbital transfer vehicles — tug spacecraft that move other satellites between orbits, deliver payloads to hard-to-reach trajectories, and essentially act as the freight railroad of low Earth orbit and beyond. Founded by Tom Mueller — one of SpaceX's original four co-founders and a legendary rocket engine designer — Impulse is betting that as launch costs fall, the bottleneck isn't getting to space anymore. It's moving around once you're there. Half a billion dollars says the market agrees.

And that's all for today. Have a great Fourth of July. I'll be back tomorrow morning.