The FCC’s Space Bureau has opened a consultation period into a SpaceX modified application to launch 15,000 satellites into a Very Low Earth Orbit (VLEO). According to the FCC’s Public Notice DA 25-1018 (released December 5th) the Space Bureau confirmed the application meets the baseline technical requirements for consideration. This procedural milestone triggers a 30-day […]
Denver-based satellite operator EchoStar has told the Federal Communications Commission (FCC) that it had no intention of selling off its valuable spectrum, but said it did so due to uncertainty fuelled by the FCC’s investigation into its usage. EchoStar sold spectrum to AT&T and SpaceX. The FCC filing confirmed a meeting between EchoStar founder and […]
The battle for control of Warner Bros is hotting up, but Pivotal Research Group, a New York-based equity investment house, has firmly downgraded its view on Netflix from ‘Buy’ to ‘Hold’. Analyst Jeff Wlodarczak summed up its position saying it is concerned that short-form content (from the likes of TikTok, Instagram, X, YouTube and Snap) […]
Orbex Express Launch is a would-be rocket launcher which operates the SaxaVord Spaceport in Scotland. It is also developing a small rocket called Prime. The UK government has reversed a financial investment in Orbex, seemingly unhappy with further delays to its launch plans. The investment round is somewhat complicated. In January the UK government invested […]
The European Investment Bank (EIB) has created a €500 million fund for Space-based technology. The fund, ‘Space Tech EU’ is intended to bring together the skills of the of EIB, the European Commission and the European Space Agency (ESA) to help de-risk space projects, making them more acceptable for other financing from European banks. The […]
The main news on Paris-based Eutelsat recently has been focused on cash-raising and its financial restructuring. Eutelsat is not alone in seeing in long-standing DTH satellite transmissions being under pressure and even though these broadcasts will almost certainly continue for a few decades yet, there’s no doubt that viewers are increasingly switching away from DTH […]
Moody’s Ratings has upgraded Eutelsat’s long-term debt to Ba3 from B2, the rating agency has announced. The upgrade follows Eutelsat’s announcement of a €670 million rights issue as part of its €1.5 billion capital raise. The company had already completed a reserved issuance on November 21st, which raised €828 million at €4.00 per share. The […]
Declan Ganley, CEO at Rivada Space Networks, says his firm has won a long-running dispute with Chinese-backed entities over Rivada’s rights to satellite spectrum. He commented: “I received good Thanksgiving day news from my excellent legal teams in Liechtenstein and Germany.” Ganley added: “[The decision is] a crushing victory over Chinese backed lawfare as we […]
You don’t have to be as old as me to remember the dotcom crash of March 2000. But, by the same token, there are plenty of senior executives and fund managers around who would have been children at the time. Are their perceptions of the inevitability of AI’s success, their assumption that we are all […]
The past week has seen Paris-based satellite operator Eutelsat raise some €1.5 billion overall in fresh money to improve its reserves and to finance investment in the proposed IRIS2 mega-constellation. But while majority shareholders have supported the cash raising exercises, the Rights Issue, raising €670 million, has seemingly upset minority shareholders. Eutelsat’s share price has […]