Appaloosa LP, which manages funds holding more than 7 per cent economic interests in both SES and Intelsat submitted proxy, proposals urging the SES Board of Directors to take immediate steps to address shortfalls in corporate governance, capital allocation and management accountability. Some of its suggestions contain highly critical comments. Appaloosa, in a statement on […]

Last week’s SES results and subsequent analysts call with the satellite operator have now been examined in some detail. One analyst from investment bank BNP Paribas has digested the slew of information and explains why the full-year numbers turned out to be ahead of consensus. The end result from Sami Kassab is to reaffirm its […]

The recent successful ‘direct-to-device’ test video calls by AT&T and Verizon using AST SpaceMobile’s (AST) satellites has prompted analysts at investment firm B Riley Securities to upgrade their advice to clients. Their core guidance rating is ‘Buy’ and the firm says that AST is gaining momentum because of the space-based video calls. This advice, given […]

The post-results analysts call with SES senior management focused on two topics: The possibility of another C-band release of spectrum to the FCC and the state of the Intelsat $3.1 billion (€2.9bn) acquisition by SES and what the consequences would be if one of the parties walked away from the deal. The FCC is holding […]

The launch of two giant rockets will take place over the next few days. February 28th will see Elon Musk’s SpaceX launch its massive Starship rocket on its eighth test flight from its South Texas launch site. Meanwhile, in French Guiana, Arianespace’s new Ariane 6 rocket is now scheduled to launch its first commercial flight […]

Satellite manufacturer Terran Orbital, now owned by Lockheed Martin, is facing a Class Action brought by law firm Levi & Korsinsky (and others) and recently an amended complaint was filed in the Action. In essence, the complaint alleges that Terran Orbital Corp. made materially false and/or misleading statements and/or failed to disclose that: (i) it […]

February 19th saw the New Zealand-based Rocket Lab, founded by Sir Peter Beck, launch its 60th Electron mission. The company specialises in launching smaller satellites, and its record to date is extraordinarily impressive. Electron is already the world’s most frequently launched small rocket annually. “Now we’re making it the world’s first reusable orbital small rocket […]

It’s not been a good month for European satellite operators. Recent weeks have seen Paris-based Eutelsat suffer negative comments and a much-depressed share price. Now it is Luxembourg’s SES which is hurting. Ratings agency Moody’s cut its outlook on SES to “negative” (from “stable”) and that the operator’s long-term debt (rated Baa3) would be “under […]

Analysts at investment bank BNP Paribas have issued their thoughts on satellite operator Eutelsat’s current predicament and have advised clients that their rating on the Paris-based business is ‘underperform’ as far as shareholders are concerned. But worse, in that the bank’s Sami Kassab, in the past a supporter of satellite stocks, has issued a target […]

Within minutes of Eutelsat releasing its half-yearly results on February 14th a major sell-off by shareholders occurred, and drove Eutelsat’s share price down to another ‘all time low’ of just €1.39 a share, and a 11.4 per cent fall on the day. A week earlier they were trading at about €1.80. A month ago, they […]