Rivada Space Networks, despite not having a single satellite in orbit, says it has expanded its market access to 18 countries, and has added new spectrum to its portfolio. Rivada says it has in the last year secured market access for its Outernet highly-secure constellation in 18 countries and on every continent. These countries include […]

A report in Germany’s Handelsblatt newspaper says that Munich-based Rivada Space has not been paying salaries on time this year and has outstanding bills to at least four suppliers. The is said to not be the first time that there have been delays. The newspaper quotes a letter from CEO Declan Ganley, sent on June […]

Rivada Space Networks, despite not having a satellite in orbit, has struck a partnership agreement with Colt Technology Services, described as a “global digital infrastructure company”. Rivada says it will provide a “unique next generation connectivity network with the necessary speed, security and performance to drive digital innovation and transformation”. Colt Technology Services says it […]

A report in The Irish Times details further financial problems faced by Declan Ganley, CEO at Rivada Space Networks. Ganley was warned last week by Judge Jeffifer Schecter in the New York Supreme Court that he was already in contempt of court over non-payments of $20,000 (€18,300) per month to a Rivada shareholder, David Shuman. […]

Rivada Space Networks is insisting that despite some negative media stories, it remains firmly on track to meet its build and launch obligations for its 300 satellite mega-constellation. Brian Carney, Rivada’s SVP/Communications, commented: “We are confident that we will be able to finance our satellite production and meet our regulatory milestones. Since the takeover [of […]

Rivada Space Networks, the would-be constellation operator of 288 yet-to-be-built satellites, is in deep trouble. Rivada’s litany of problems continues to mount. Not only is it late in stumping up the small matter of $2.4 billion (€2.1bn) needed to build its ‘OuterNet’ constellation, Rivada now faces another major hurdle from its licensing authority, the tiny […]

Rivada Space Networks has had an eventful couple of years, filled with litigation between various parties over ownership, frequency rights and disputes between CEO Declan Ganley and former business partners. To its credit it has managed to sail through these challenges, but one has to read between the lines to ascertain whether it can proceed […]

Rivada Space Networks issued a press release to coincide with Euroconsult’s Paris Space Business Week which said that it is “partnering” with Peraton, “a next-generation national security company and transformative enterprise IT provider” who will now work with Rivada once its planned 300 satellite constellation is in place. However, there was no news on whether […]

Struggling satellite manufacturer Terran Orbital is being bought – some say rescued – by aerospace giant Lockheed Martin (L-M) in a deal worth around $450 million. L-M is paying $0.25 per share for Terran and will pay off Terran’s debts. The end result will be a new company that is 100 percent owned by L-M. […]

“As of July 31st 2024, the Company’s cash and cash equivalents balance was approximately $14.6 million which, without additional funding, will not be sufficient to meet its obligations within the next twelve months from the issuance of this quarterly report.” So said the cautionary note which accompanied Terran’s quarterly trading statement (for the three months […]