McKinsey senior partner Ryan Brukardt and global editorial director Lucia Rahilly state the global space economy where innovation in space-based technology is generating a range of public- and private-sector opportunities that could reach $1.8 trillion (€1.65tn) by 2035. The two McKinsey staffers, in a major report, say there is an “allure” about space, yet most […]
Neo Space Group (NSG), a Public Investment Fund (PIF) global space services company, has joined forces with a global satellite communications operator SES, to bring the SES Open Orbits Inflight Connectivity network to the international airlines market. SES Open Orbits is an advanced open architecture Ka-band network that allows satellite assets from multiple operators and […]
4iG Group and its subsidiary REMRED have laid the foundation stone of Hungary’s first space industry manufacturing center in Martonvásár, Hungary. The factory named REMTECH manufactures, assembles, integrates and tests satellites, with modular technology uniquely in Europe. The greenfield project implements solutions in line with aerospace standards and will be supplied by an independent photovoltaic […]
Eutelsat has invested in a new space-based venture fund managed by Seraphim Space Ventures. Eutelsat joins Japan’s SkyPerfect JSAT along with Japanese telco NEC in the new fund. The fund (Seraphim SSV II) says it will be focused on investing in Seed and Series A-stage companies. Seraphim said the SSV II fund aims to build […]
Significant and ongoing transformations in the High Throughput Satellites (HTS) market are confirmed in the 7th edition of the High Throughput Satellites report from space consulting and market intelligence firm Novaspace. The report underscores the pivotal role of Non-Geostationary Orbit (NGSO) constellations in reshaping the satellite connectivity industry, with the latter to emerge as the […]
mu Space, the satellite technology company based in Thailand, has entered into a Memorandum of Understanding (MOU) with RBC Signals, a provider of satellite data communication products and solutions. The MOU is the beginning of a collaboration aimed at exploring opportunities related to Satellite Ground Station Facilities in Thailand and Southeast Asia countries. The two […]
The satellite communications market has seen significant changes across its value chain, bringing forth new technological innovations that include flexible satellites and more specifically, software-defined satellites (SDS). Geostationary Earth Orbit (GEO) satellite operators have been compelled to respond to increased competition amidst these market shifts. One approach is to optimise the utilisation of GEO satellites; […]
In the week that SpaceX has been given a market valuation of some $180 billion (€165.7bn) it is no great surprise that the overall space economy is forecast to triple in value to around $1.8 trillion and growing at twice the rate of global GDP, according to an Insight Report from the World Economic Forum, […]
It was recently reported how Intelsat was facing up to its future and how it would compete with rival satellite operators. More detail has now emerged. Intelsat has been through something of a nightmare this past few years, emerging – more or less – from Chapter 11 bankruptcy with much reduced interest obligations and the […]
Space consulting players, Euroconsult and SpaceTec Partners, are merging to create Novaspace, which will serve as a specialist in professional services dedicated to the space industry. Euroconsult has a 40-year legacy in consulting, market intelligence and executive summits; and SpaceTec Partners brings two decades of experience in management consulting, including strategy, innovation advisory and market […]