India’s Space Research Organisation (ISRO) will not be privatised according to its Chairman, K Sivan. India is reforming its space sector and there had been suggestions that one aspect could mean privatising ISRO. ISRO already has a commercial arm that handles many of its responsibilities especially the rental of capacity on many of India’s satellites. […]
CuriosityStream Inc and Software Acquisition Group, a public special purpose acquisition company, (SPAC), which raised $150 million in November of 2019, announced that they are merging to turn Curiosity Stream into a NASDAQ company. The announcement was made by John Hendricks, Chairman of CuriosityStream, and Jonathan Huberman, Chairman of Software Acquisition Group. The combined company […]
FaceBank Group has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to […]
UK senior civil servants have formally warned the government that its commitment to put $500 million into a joint venture with Bharti Global to buy bankrupt satellite operator OneWeb has a high risk of losing all the investment. OneWeb is currently totally unprofitable and it is likely to need considerable further investments for satellite building […]
Japanese conglomerate SoftBank is reportedly looking to sell or restructure its stake in UK chipset maker ARM. The WSJ reports that ARM has already announced plans to restructure itself by shifting two of its Internet of Things businesses into SoftBank. SoftBank acquired ARM some 4 years ago paying $32 billion for the business but is […]
SES currently has two core deployments of satellites: It has a fleet of powerful geostationary satellites that just about serves the whole planet. It also has 20 O3b (‘the Other 3 Billion’) satellites in Medium Earth Orbit, with seven new ‘super-power’ O3b satellites on order from Boeing, with deployment starting in 2021. The O3b fleet […]
Elon Musk, speaking at the Satellite 2020 conference in Washington DC, said plainly that he was thinking “zero” about an IPO for his 12,000 mega-satellite Starlink satellite project, and that “We need to make the thing work”. Musk, candidly, seemed a little tired on stage and the event started much later than originally scheduled. If […]
Elon Musk’s SpaceX will reportedly spin-off its Starlink broadband-by-satellite system with an Initial Public Offering (IPO). SpaceX is currently financing the development and launch of the Starlink system and has successfully placed 240 satellites into orbit. “Right now, we are a private company, but Starlink is the right kind of business that we can go […]
French telco giant Orange is to float its extensive cellular interests in the Middle East and North Africa regions, and mount an IPO. A Bloomberg report says investment banks BNP Paribas and Morgan Stanley have been appointed to advise on a proposed IPO. Orange is considering a listing on the London exchange as well as […]
Modern Times Group (MTG) has published its Q3 2019 financial results. The company said it “continues to deliver on its strategic direction, reporting seasonally robust operational development for the quarter”. eSports accounted for 1.52 billion SEK (€140 million) of the firm’s 4.02 billion SEK net sales for the three months ended September 30th. “The third […]