Another suite of missives from Intelsat were issued to the FCC on February 21st explaining where Intelsat stood on the CBA and the FCC’s decision to apportion proceeds from the upcoming auction in an equal split between Intelsat and SES. SES has let its disappoinment about Intelsat’s actions be known. In one FCC filing, Intelsat […]
The gloves are definitely off as far as SES is concerned with its former partner in the C-Band Alliance (CBA). In a last-minute filing to the Federal Communications Commission (FCC) SES states it is disappointed by Intelsat’s last-minute attempt to renounce its commitments made to other CBA members and the Commission over the course of […]
Elon Musk is looking to raise $250 million for his SpaceX rocket launching system, according to a CNBC report. Given that SpaceX currently has Musk’s mega-constellation Starlink system in its portfolio of assets (which also includes the Crew Dragon shuttle and Starship long-distance rocket) means that SpaceX has a value of some $36 billion, says […]
Aerospace giant Lockheed Martin (LM), disclosing the numbers in a filing to the USA’s Securities & Exchange Commission (SEC), said that it has lost millions of dollars in building three communications satellites. LM said that the three satellites, including Japan’s JCSAT-17 launched earlier this week on an Arianespace rocket, represented cumulative losses of about $410 […]
Despite the continuing challenges being faced by Intelsat, one analyst says he senses a “more optimistic tone” from the company. Giles Thorne, an analyst at investment bank Jefferies, said that Intelsat is guiding overall revenues for this full year at $1.93-$1.98 billion which would represent a 5 per cent fall over 2019. The segment showing […]
Aerospace giant Airbus Defence & Space is to lose jobs in the UK at its Stevenage satellite-building division. Germany is bearing the brunt of the overall 2,362 job losses, with nearly 830 positions cut. In Spain 630 jobs are going and in France 400 workers are being cut. Some 350 jobs will go in the […]
SES issued a statement in the early hours of February 20th which – politely – disagreed with its partner in the C-Band Alliance (CBA). SES said it is “disappointed” by Intelsat’s eleventh-hour attempt to capture a greater share of the FCC’s proposed incentive payments. Intelsat made a submission to the Federal Communications Commission (FCC) on […]
Sami Kassab, a satellite analyst at investment bank Exane/BNPP, commenting on the disagreements between Intelsat and SES – the core members of the C-Band Alliance (CBA) – says in his view the CBA has “fallen apart”. An SES statement, issued February 20th, read: “[We are] disappointed by Intelsat’s eleventh-hour attempt to renounce its commitments made […]
An Ariane rocket successfully placed two satellites into orbit on February 18th. One was a scientific mission for South Korea’s Aerospace Research Institute (KARI). The other was a communications craft for Japan’s SkyPerfectJCSAT. It was Arianespace’s third mission this year. JCSAT-17 separated 27 minutes after liftoff and followed by GEO-KOMPSAT-2B which separated four minutes later. […]
Intelsat, a founder member of the C-Band Alliance, has a new investor in the shape of hedge fund Appaloosa LP which leads a consortium that now owns an overall 7.4 per cent stake in the satellite operator. Appaloosa, in a note to Intelsat’s board, urged the company to reject the FCC’s proposed overall $9.7 billion […]