A major suite of creditors of Intelsat (the Ad-Hoc/Convert Group) and which hold Intelsat’s 4.5 per cent convertible notes due 2025, are reserving their rights in Intelsat’s bankruptcy case. In a filing to the court on September 3rd, the group of creditors say that Intelsat have “repeatedly touted their goal to try to build further […]
Amazon, in a formal letter to the FCC on August 25th, objected to SpaceX’s enhanced plan for almost 30,000 new Starlink satellites and their adjusted orbits. SpaceX, in a letter to the FCC, said – in essence – that Amazon’s complaint is simply a delaying tactic. The company wrote: “The FCC should recognise this delay […]
The major Omnibus hearing on September 1st of Intelsat’s Chapter 11 bankruptcy reconstruction ended with Judge Keith Phillips approving Intelsat’s disclosure statement pending the company’s organising of a vote from creditors for Intelsat’s bankruptcy Amended Exit Plan. According to the company some 80 per cent of Intelsat’s $15 billion of creditors holding its debt obligations […]
Amazon, in a formal letter to the FCC last week, has objected to SpaceX enhanced plan for almost 30,000 new Starlink satellites and their adjusted orbits. SpaceX, in two submissions, said it could offer a better service by adjusting the existing planned orbits. Amazon, which is developing its own low Earth orbiting system, Project Kuiper/Kuiper […]
On September 1st the Intelsat bankruptcy court is scheduled to hold a pre-trial hearing on the SES claim for a greater share of the FCC’s incentive payments due from the C-band clearing process and auction. SES, in a filing to the court on August 25th, is asking that the actual trial scheduled for September 20th […]
Intelsat has told its Chapter 11 bankruptcy court that it has achieved the support of some of its major debt holders. Intelsat says that it could lead to a “comprehensive” financial restructuring that would reduce the operator’s debt by more than half – from almost $15 billion (€12.7bn) to $7 billion. The proposal, which comes […]
Space is an increasingly crowded place and in the first 6 months of the year (to May 31st) SpaceX says it has had to carry out 2219 collision avoidance manoeuvres for its orbiting Starlink fleet. This aerial ballet of ever-moving satellites comes from data supplied by the US Space Force’s 18th Space Control Squadron. As […]
SpaceX has submitted orbital modifications to its ‘next generation’ Starlink satellites to the FCC. If approved, the new Generation 2 Starlink craft will be able to offer higher-density services to rural areas. SpaceX has proposed two variants to the FCC and will await the Commission’s verdict/approval before proceeding with a modification to its existing satellite […]
The US Securities and Exchange Commission (SEC) has charged three former Netflix software engineers over an alleged insider trading ring that made $3 million (€2.5m). The SEC alleges confidential Netflix subscriber growth data was used in the scheme. The information was allegedly used to trade the streaming service’s shares ahead of its earnings reports. The […]
August 19th is a busy day for Judge Keith Phillips in his bankruptcy court. A morning session has listed eight motions related to the sealing of sessions (that is holding hearings in complete privacy). Other elements to be decided include SES’s application for Summary Judgement in its $1.8 billion claim against Intelsat. However, the United […]