Deutsche Bank has trimmed its share price target slightly from €3.10 to €3 and says it is concerned by continued delays with OneWeb and in particular with repercussions following Eutelsat’s merger with low Earth satellite operator OneWeb. The bank maintains its ‘SELL’ advice to clients. The bank says it believes that the satellite operator’s growth […]
India’s giant telcos, each of which has invested in broadband–by–satellite operations, are increasingly frustrated with the bureaucratic delays which are holding back them launching services. According to Deloitte, India’s satellite broadband service market is expected to reach $1.9 billion (€1.7bn) by 2030, growing 36 per cent per year over the next five years. India’s telcos […]
NSLComm, an Israel-based company, has asked the FCC for permission to launch its BeetleSat system and to access the US. The scheme calls for 344 small Ka-band satellites in total. The 344 will comprise 264 orbiting at 720 kms and 80 at 810 kms. The satellites are small, weighing just 9 kgs and each capable […]
It seems a bit unkind to refer to players in their 40s, 60s and 70s as nepo babies but, as they say in Hollywood: “whatever”. Is it just a coincidence that a third nepo has joined the fray – the never-ending fray – over who will win control of Paramount? Edgar Bronfman Jr – scion […]
AST SpaceMobile has enjoyed a spectacular rise in its share price over the past few days as enthusiasm for its target satellite–to–cellular service despite only having one test satellite in orbit. However, and despite much criticism, SpaceX’s Starlink might well steal AST’s thunder with its own satellite–based connectivity for smartphones. Starlink is basing a portion […]
Struggling satellite manufacturer Terran Orbital is being bought – some say rescued – by aerospace giant Lockheed Martin (L-M) in a deal worth around $450 million. L-M is paying $0.25 per share for Terran and will pay off Terran’s debts. The end result will be a new company that is 100 percent owned by L-M. […]
The FCC has fined Intelsat $160,000 (€145k) for the satellite operator’s “unauthorised operation of its Galaxy 35 satellite.” Intelsat admitted to violating the FCC’s rules, and agreed to implement a compliance plan, and will pay a $160,000 civil penalty. The FCC’s Enforcement Bureau, in its statement, said that Intelsat in April 2022 “requested authority to […]
US satellite operator EchoStar has not had the best of weeks. August 12th saw the company report revenue had fallen by 9.3 per cent and a net loss of $205.6 million (from a profit during the same period last year of $212.7 million). Its share price, already depressed, fell back by 6.1 per cent to […]
Europe’s plan for a highly-secure orbital constellation, called IRIS2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite) is widely accepted to be in trouble. Two key members of the winning consortium (Airbus Space & Defence and Thales Alenia Space) have already stepped down. The remaining members of the SpaceRISE consortium, formed specifically to bid for […]
A Chinese state-owned enterprise has launched the first batch of satellites for a mega-constellation designed to rival US company Space X’s Starlink’s near-global internet network. The launch, led by Shanghai Spacecom Satellite Technology (SSST), took place at Taiyuan Satellite Launch Centre, one of China’s main satellite and missile launch centres, located in the northern province […]