Rivada Space Networks, despite not yet having its satellite fleet in orbit, has secured another useful contract. It comes from Tekniam, a US based company providing emergency connectivity for disaster response and recovery. Rivada is planning a 600-craft fleet of laser-linked low Earth orbiting satellites. Tekniam CEO, Andrew Heaton, commented: “Tekniam’s RUCS is a cutting-edge […]
Space Machines Company and Orbit Fab are joining forces to advance on-orbit servicing of satellites. The partnership joins together innovative technologies, most notably the installation of Orbit Fab’s space fiducial alignment markers on Space Machines Company’s Orbital Servicing Vehicle, Optimus. These markers will act like QR Codes in space, allowing Space Machines Company to work […]
Having launched more than 5,000 satellites it is inevitable for SpaceX’s Starlink that some will fail. SpaceX has filed to the FCC its latest report on those failures over the past couple of months and gives the reasons. Starlink reference number 3337 suffered failed software. Remedial action was taken and the software updated but ultimately […]
The New York Stock Exchange (NYSE) has said that Israel-based satellite operator SatixFy, as of November 30th, did not comply with the exchange’s rules. One of its key rules concerns a company’s overall valuation. Businesses registered on the exchange must have a minimum stockholders’ equity of $2,000,000 in 2 of its 3 most recent fiscal […]
Intelsat’s CEO David Wajsgras, speaking at the company’s investor day, said that the company expects record revenues this year, of about $2.1 billion (€1.9bn), up slightly on the $2.084 billion from 2022. Intelsat is considering creating a Medium Earth orbiting fleet of satellites. It had issued a ‘Request for Proposals’ this summer. Intelsat will decide […]
Sir Richard Branson says he is not putting any more cash into the Virgin Galactic rocket space tourism venture. He told the FT that his business empire “does not have the deepest pockets” any more and that he had learned an expensive lesson with its Virgin Orbit business which went bust earlier in 2023. Virgin […]
Munich-based Isar Aerospace, which specialises in small satellite launches, has modified its formal registration from a GmbH (‘Gesellschaft mit beschränkter Haftung’, meaning ‘company with limited liability’) to an ‘SE’ (Societas Europaea) registered business. Rumours suggest the move could be a precursor to a move to an IPO. Isar Aerospace has raised significant funds over the […]
A media delegation from South Korea visited the Thales Alenia Space satellite production facility in Toulouse, France, to examine Koreasat 6A and its payload. The visitors heard that the launch is on schedule for the winter of 2024-2025. The satellite uses Thales Alenia’s flight-proven Spacebus 4000 system, and will replace Koreasat 6 currently in orbit. […]
A report on satellite operator SES from investment bank Berenberg maintains its ‘BUY’ recommendation, but the report has cut the bank’s share price target from €9.20 to a much more modest €7.20. The SES share price on November 28th was €5.40. The Berenberg report, Rebase done; Now on to returns, says it expects SES too […]
A few weeks ago Terran Orbital was facing calls to fire the CEO and replace members of its Board of Directors. Terran is now suing former CTO Austin Williams and alleging his involvement in the attempted coup. Terran’s lawsuit, made on November 13th and a year after Williams left the company, alleges that Williams failed […]