Elon Musk might well mount an IPO for his SpaceX business somewhere down the line, but for the moment he seems happy to raise cash by issuing new equity. In a regulatory filing, SpaceX says it has raised a total of $1.164 billion over the past few weeks. The company had already reported raising some […]
Toshiba’s president and CEO Kurumatani Nobuaki has resigned and the board has immediately appointed Tsunakawa Satoshi to succeed him. A formal $20 billion buy-out offer from the Luxembourg and UK private equity business CVC Capital Partners made on April 6th remains on the table. Toshiba’s chairman Osamu Nagayama said CVC’s bid was unsolicited and lacking […]
Eutelsat has explained why it cannot itself remove China’s controversial news channel CGTN which has been criticised by many countries, including the UK’s Ofcom regulator. China Global Television Network (CGTN), on April 10th, welcomed the acknowledgement of Ofcom that CGTN’s right to broadcast in Europe falls under French jurisdiction, which perhaps paves the way for […]
Different investment analysts regularly come up with varied opinions as regards their favourite picks in the satellite industry. Now Sami Kassab, from investment bank Exane/BNPP, in a major report takes a deep examination into Europe’s two leading satellite operators. He concludes by favouring SES. His study extends to one of today’s hottest business prospects; SpaceX […]
Discovery’s share price has risen and fallen dramatically over the past few months. As recently as mid-March its share price was an impressive $77, and an all-time high. But within 10 days of that date the value had slumped to $41. April 7th saw a very slight recovery to $43.39 and prompted a report from […]
Indonesia’s Satria communications satellite was officially licensed – and obliged – to be in orbit and on station by March 2023. That has now been extended. The International Telecommunications Union (ITU) is tough on its requirements for launch dates to be met, and satellites ‘brought into use’. The rules were designed to eliminate what the […]
SES has dramatically turned up the heat in its increasingly acrimonious dispute with Intelsat over the division of the FCC’s ‘incentive’ payments for C-Band restructuring over the US. There will be a detailed court hearing on SES’s allegations in June. Intelsat has already asked its bankruptcy court to ‘seal’ many of the documents, but SES, […]
Frank Strang, CEO at the Shetland Space Centre at Unst has complained about a decision from Historic Environment Scotland (HES) over a negative decision to permit development at Shetland for the launching of small rockets. He said that HES had done nothing to preserve the remote site for the past 50 years, and in that […]
The US Space Force has issued a Request for Information (RFI) to the world’s emerging Low Earth orbiting (LEO) satellite operators (and would-be operators) for guidance on how the Space Force might buy broadband LEO services in the future. The Space Force’s Commercial Satellite Communications Office, acts as a centralised operation which acquires satellite-based communications […]
In this new edition of Euromedia we asked if pay-TV was on its deathbed. A trifle morbid perhaps, especially in a pandemic, but it seemed important. Certainly, pay-TV in some markets – the Americas in particular – is in decline, and the absence of some live sports events has not helped. Broadly speaking, contributors think […]