As expected, SpaceX issued its 308-page S-1 Prospectus for its Initial Public Offering (IPO) after the markets closed on May 20th. There were some surprises, not least that its losses last year were $4.9 billion (€4.27bn) on revenues of $18.7 billion. The Prospectus shows that Elon Musk will not just remain the largest shareholder but […]
Yahoo Finance is expanding its footprint with a new editorial team and studio in London, extended hours of programming, and a partnership with Blue Ocean Technologies that will allow the company to offer round-the-clock financial market data. Launching on June 30th, Yahoo Finance will debut Morning Brief: Market Sunrise, a daily live show streaming from […]
Investment bank Cantor Fitzgerald, in a report on New Zealand and Long Beach-based Rocket Lab, has raised its price target from $29 to $35. Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on the NASDAQ index and keeps an Overweight rating on the shares after hosting meetings with management. The firm sees Rocket […]
Starz has completed its separation from Lionsgate and, effective immediately, returns to being a standalone public company with trading commencing on the Nasdaq Stock Market under the ticker symbol STRZ. Starz said it has “successfully transitioned from linear to digital profitably” and “is well positioned to drive long-term success with approximately 70 per cent of […]
Satellite operator Globalstar, which already has Apple as a major investor, has “voluntarily” decided to quit the New York Stock Exchange (NYSE) and to join the NASDAQ exchange. The satellite operator will also carry out a reverse stock split. Globalstar has filings (using German and French regulators) to launch 3,080 satellites, but it must launch […]
Struggling rocket developer Astra Space is to conduct a 1-for-15 stock split and in the process raise around $65 million (€58.9m) to continue its work on its Rocket 4 launch vehicle. The 1-for-15 stock split will issue one new share to stockholders in a swap for 15 existing shares. The company’s filing with the SEC […]
Viaplay Group has appointed Sandra Åberg SVP and Head of Investor Relations. Åberg is currently Investor Relations Director at Essity in Stockholm and brings experience in investor relations and finance from a range of international businesses. She will join Viaplay Group in September 2023 and report to Anders Jensen, Viaplay Group President and CEO. Åberg […]
Indonesia’s important 150 Gb/s broadband satellite, Satria-1, is already late in being delivered from its manufacturers with delays caused by component shortages from Covid-related problems. The craft was due for launch in March 2022, then March 2023 which will be missed. Now, Indonesia is asking the ITU in Geneva to permit a delay of its […]
Agile Content, a provider of digital TV and video distribution solutions, has appointed Alfredo Redondo as the company’s new CEO. One of Redondo’s duties will be to promote the 2022-2024 Strategic Plan and consolidate the company’s business after the significant growth in recent years. The co-founder and until now the company’s top executive, Hernán Scapusio, […]
Nordic Entertainment Group (NENT Group) has proposed a rebrand of the company to Viaplay Group. NENT Group says the proposal reflects its strategic focus on the Viaplay streaming service and its ongoing international expansion and continued Nordic growth. Viaplay is currently available in 11 countries, with at least 16 countries planned by the end of […]