Intelsat, currently trading as a Debtor in Possession under Chapter 11 rules, has asked its bankruptcy court to start hearing its Disclosure Statement on August 11th. The original wish was for the hearing to take place on July 27th, but that now looks likely to be postponed until August 11th, given that 28 says notice […]

UK-based aerospace business QuinetQ has won a contract to build and operate an European Space Agency (ESA) satellite which will test and de-risk new space technologies. The ESA’s EU Horizon 2020’s IOD/IOV (In-Orbit Demonstration and Validation) programme will provide affordable access to space demonstration and validation for new space technologies and capabilities. It aims to […]

To describe Sir Richard Branson as a successful entrepreneur is perhaps an understatement, but the world knows that billionaire Amazon founder Jeff Bezos tops that category. However, when it comes to sub-orbital space flight, the pair are almost neck and neck in their ambitions. On July 11th, while insisting there’s absolutely no rivalry with Bezos, […]

Currently the EU, mostly via the European Space Agency (ESA) and other national space bodies, has totally supported the development of Arianespace’s ‘next generation’ Ariane 6 rocket. However, the development of Ariane 6 (A-6) has been delayed and not helped by Covid restrictions. The original concept was also that A-6 would be significantly cheaper to […]

Sunil Mittal, chairman of Bharti Enterprises and now a major investor in mega-constellation OneWeb, said the satellite operator was in talks with Sasken Technologies, as well as a division of India’s Space Research Organisation (ISRO), in order to reduce the costs of the antenna terminal. OneWeb is building out its satellites and plans to launch […]

Intelsat, currently managing its way as a Debtor in Possession of its Chapter 11 bankruptcy restructuring process, has asked its court to confirm its June 23rd appointment of a restructuring advisor. Intelsat requested the bankruptcy court’s permission on July 2nd to retain Portage Point Advisors LLC to render independent financial advisory services at the sole […]

A report from analysts at investment bank Exane/BNPP suggests that the recent pair of refinancing Bonds and Notes issued by SES will themselves boost earnings/share by about 6 per cent in 203. There could also be more benefits on the horizon. SES’s share price is firmly stuck in the near-static doldrums at around €6.40-€7.00. Sami […]

SES has filed its quarterly status report to the Federal Communications Commission (FCC) saying that it has completed “nearly all” of the Phase 1 satellite transitions, and will complete the task by August 31st 2021. Moreover, SES says it has installed approximately 60 per cent of the antenna filters associated with its Phase 1 transition […]

The insider trading allegations against certain Intelsat shareholders and a key member of staff is coming to court in July. A Class Action is being heard in the US District Court (Northern District of California, at Oakland) by Judge Jeffery White. The Action revolves around allegations that Intelsat shareholders Silver Lake Group LLC and BC […]

Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows it could raise up to 2.97 billion Dirhams (about $810 million) in what will be the first IPO on the Abu Dhabi stock exchange since 2017. The indicative range extends […]