Space42 Lands $695.5M Loan for Follow-on GEO Sats
Space42 has a lot of irons in the fire.
Stories about the satellite communication industry.
Space42 has a lot of irons in the fire.
The challenge of surviving and operating in deep space will be a relatively new one for the private sector.
European satellite pioneer SES completed its acquisition of US competitor Intelsat, creating a geostationary giant that looks to thrive in a new era of satcom consolidation.
The joint venture, called SatCo, said in a statement that it has already received interest from network operators in 21+ European countries.
The all-stock deal valued Capella at $311M, according to SEC filings and yesterday’s $IONQ closing price.
Farcast’s technology aims to increase the US military’s satcom connectivity, especially for highly mobile troops. The company’s main competitive advantage, however, may lie in its high-quality user terminals produced at low cost.
Despite beating market expectations with first quarter revenue growth of 5% year-on-year, Iridium’s stock fell nearly 7% in the face of competition and trade wars.
The Lithuania-based company will build the satellites—which will be the first batch of a planned 1,200-satellite constellation—in its newly expanded production facilities in Vilnius.
Starlink’s potential five-year €1.6B ($1.72B) deal to provide the Italian government with secure telecom capabilities is in jeopardy.
Israeli satcom firm Gilat Satellite Networks is preparing to move hundreds of employees to the US as part of its new defense division, according to Gilad Landsberg, the head of the new division.
The company announced plans to fly the first demonstration mission of its 600-sat laser-linked “Outernet” in 2026 and offer connectivity services by 2027.