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 […]
Boca Raton-based satellite builder Terran Orbital is looking to issue additional shares in the company worth a maximum total of $98 million (€90.3m). Terran is limited as to what it can raise by issuing new shares. Terran Orbital has Lockheed Martin (LM) as a major shareholder. LM and certain other shareholders have undertakings from Orbital […]
SpaceRISE is the name of the consortium that’s supposed to part-fund the European Union’s planned low Earth orbiting mega-constellation, called IRIS2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite). There are widespread reports that the project is on its last legs. There are normally reliable sources saying that Airbus Space and Thales Alenia Space, two […]
Rivada Space Networks has secured a major slice of the cash needed to build and launch its mega-constellation of an initial 300 satellites. German newspaper Handelsblatt reports that Rivada has collected €10 billion in pre-order commitments from 113 “potential customers”. The report adds that it has also attracted investment cash from 70 investors including a […]
Rivada Space Networks, which is looking to launch a 600 craft ultra-secure mega-constellation called OuterNet, has signed a number of partners for its service which is scheduled to have global coverage by 2026. The partners, announced in Singapore at AsiaTechX and a Satellite Industry Forum at the show, include: · KT Sat – Korea · […]