Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
SpaceX’s giant Starship has received all the necessary approvals for launch on November 17th. The FAA, as well as the US Fish and Wildlife Service, issued their approvals on November 15th. The launch window opens at 0n 13.00 pm GMT on November 17th. The launch is insured for $500 million. The sum is reportedly the […]
Investment bank BNP/Paribas has resumed coverage of Eutelsat and taken advantage of the move to take a close look at Europe’s two satellite giants Eutelsat and SES. The report is not overwhelmingly positive. It favours SES with a reiterated ‘positive’ recommendation, but its view of Eutelsat is reiterated as ‘negative’. The bank also cautions that […]
SpaceX could launch its second test flight of its Starship rocket on Novembr 17th. However, the rocket company says that it is still – as at November 13th – awaiting formal permission to come from the Federal Aviation Administration and other regulatory agencies. Elon Musk, in a Tweet/X on Novembr 14th said: “Was just informed […]
A week ago rocket builder Astra Space was fast running out of money. Then a saviour appeared with enough cash to keep the business in compliance with its banking obligations. Now the company has cancelled its Q3 financial report and says it is to be taken private. Various board changes were announced this week including […]
Last week rocket builder Astra Space was under threat of missing its banking obligations. Now it has confirmed that it had secured interim financing (“additional debt financing”) from a pair of investors that gives it breathing space for a few days in which it must find more cash to stay afloat. Astra says that JMCM […]
Following on from DISH Network’s miserable results on November 6th (and a 38 per cent crash in its already depressed share price to $3.44, a 25-year low) co-founder Charlie Ergen told analysts that the pay-TV broadcaster was failing fast. “Investors are starting to give up,” Ergen admitted. One immediate consequence is that DISH Network’s President […]
US spaceflight company Astra Space, which is developing high-powered rockets, has defaulted on its bank obligations. Astra Space disclosed in an SEC securities filing late on November 3rd that it defaulted on a recent debt agreement and may not be able to raise needed cash. It has reportedly barely $10 million in cash in its […]
As the song goes, the road may be long and there have certainly been a few twists and turns, but this week global satellite operator Iridium is celebrating 25 years of activity. The first connections to its orbital fleet took place on November 1st 1998 and then further satellite commercial connections took place on November […]
The latest batch of O3b satellites, called mPOWER, are all malfunctioning. The problem is in the power supply of the four in orbit and two others due to be launched on November 12th. Manufacturers Boeing is having to supply two additional satellites to compensate SES for the problems. SES temporary CEO, Ruy Pinto, admitted to […]
Two years ago Boeing received a licence from the FCC for a satellite broadband mega-constellation of 147 low Earth orbiting satellites. It has now cancelled its scheme. Boeing’s initial scheme – formally proposed in 2017 – was for a V-band constellation of 132 satellites operating ln Low-Earth Orbit and 15 non-Geostationary orbiting craft to supply […]
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