SpaceX says it is looking to raise an additional $500 million in funding. According to a regulatory filing, Elon Musk’s Space Exploration Technologies is the vehicle, and the target for the cash is the company’s ‘Starlink’ internet by satellite project. Musk raised a similar sum a few months ago, and the fresh cash-raising suggests that […]
US President Donald Trump has declared that the United States must win the race to provide 5G networks, and that American companies must lead the world in cellular technology. Addressing a White House event on 5G deployment attended by FCC Chairman Ajit Pai, Trump said that people were there to discuss a critical issue for […]
Tru Optik, a specialist in targeting, measurement, and privacy management, has announced the close of a $10 million (€8.9m) venture round led by MitheraCapital. Additional investors in the round include TransUnion, Connecticut Innovations, Arab Angel Fund, and Progress Ventures. Coming from almost 11x year-over-year growth in its SaaS/DaaS business, the funds will allow Tru Optik […]
Applicaster, a company that aims to simplify the production, delivery and maintenance of direct-to-consumer media applications, has announced a £16.7 million (€19.5m) growth round of funding, alongside the strategic appointment of key executives. The funding round, led by Viola Growth and backed by further investment from 83 North, Pitango, Saban Ventures, and Planven Investments, will […]
UK broadband infrastructure provider Openreach has launched a consultation for the country’s leading broadband and telephone providers asking for their views on how it can upgrade consumers and businesses throughout the country onto next generation ‘full fibre’ broadband connections. Unlike the move to digital TV, the process of upgrading broadband connections to ‘full fibre’ will […]
Mega-satellite constellation OneWeb has raised $1.25 billion (€1.1bn) in fresh funding as part of its plan to launch an initial 648 satellites to provide a global broadband service. OneWeb has started deploying its fleet. Six satellites are already in orbit, and a new Florida factory built in a joint-venture with Airbus is now turning out […]
Russian businesses have reportedly bought a majority share of the OneWeb satellite mega-constellation that will operate over Russia via a Russian joint venture. This means, in essence, that OneWeb should now be able to gain access to Russian consumers, the president of a joint-venture partner said. Dmitry Bakanov, DG of JSC Satellite System Gonets, said […]
In-Flight Entertainment (IFE) and broadband-to-aircraft specialists Gogo is reportedly in “advanced talks” to bring in a new investor and help reduce the company’s debt burden. According to trade news-site Space Intel Report a deal is expected to be concluded in May. Gogo’s CEO Oakleigh B. Thorne said a new investor was preferable to selling off […]
Affordable worldwide Internet coverage is one step closer today, after £18 million (€20.55m) of UK Space Agency funding was awarded to OneWeb through the European Space Agency, to aid the development of its next generation satellite constellation. A global communications network in space, the system will be comprised of approximately 650 satellites initially and scale […]
CuriosityStream, the factual streaming service launched by Discovery Channel founder John Hendricks, has announced approximately $140 million (€123.9m) in private placement funding to fuel the company’s next phase of growth. Stifel Investment Banking acted as sole placement agent. New investors include Blum Capital Ventures and TimesSquare Capital Management. CuriosityStream will use the proceeds of the […]