If there’s one vital component that Elon Musk and the likes of Jeff Bezos as well as Telesat, OneWeb and others need it’s a low-cost consumer friendly phased array flat-panel antenna. Yoel Gat, founder of Gilat Satellite Networks (and now CEO at SatixFy, a designer of flat-panel antennas) says that the dream of a sub-$300 […]
Radio ‘shock jock’ Howard Stern looks set to sign a new contract with pay-radio operator SiriusXM. Such is his fame – and popularity with subscribing fans – that he looks like winning a reward of more than $2 million per week. However, on his morning show on October 7th he said the two sides are […]
Eutelsat will report its first quarter-year revenues on October 29th. Investment bank Exane/BNPP is telling its clients what to expect. Analysts at Exane/BNPP suggest that Eutelsat will declare €304 million of group revenues for the quarter-year (including €301 million from its so-called Operating Vertical divisions) and which will be driven by a 3 per cent […]
Charlie Ergen has filed documents with the US Securities & Exchange Commission to create a public company called Conx. Ergen is using Conx as a SPAC (a Special Purpose Acquisition Company) as the shell vehicle for his move. Conx is offering 100 million shares (and possibly up to 115 million) at $10 each as part […]
Back in 2009 the already deeply financially stressed US pay-radio broadcaster SiriusXM was contemplating bankruptcy. It had a $1 billion debt obligation and no way to repay the borrowings. Sirius Satellite Radio and its rival XM Satellite Radio had already merged their loss-making operations (which wrapped in July 2008) in an attempt to save cash, […]
The prospects of some sort of merger of satellite operators in North America, between Charlie Ergen’s Dish Network and AT&T’s DirecTV, or perhaps a European consolidation between SES and Eutelsat, has generated plenty of media comment over the past weeks. However, a virtual meeting of senior executives on September 24 at the Avia (Asia Video […]
Richard Branson’s space tourism business Virgin Galactic saw its share price rocket 24.9 per cent on September 28th following a highly favourable analyst overview. A Bank of America report on Virgin Galactic firmly recommended the company’s shares to investors, bring up to eight the number of Wall Street analysts who are favouring the company. “No […]
The UK government is rethinking its commitment to an independent satellite navigation system. The review could mean that UK will not use OneWeb for its independent satellite navigation system. The UK’s access to the European Space Agency’s Galileo system ends on December 31st with the UK’s exit from the European Union. The British government has […]
Despite Europeans youths returning to schools, colleges and universities, the new widespread adoption of tighter lockdown rules is likely good news for the video games sector. A report from investment bank Jefferies says: “In demand terms, we believe that surveys support a significant and lasting increase in the market for games. Our global survey of […]
In-Flight communications and broadband business, Gogo, says its directors have adopted a tax-efficient ‘Rights Plan’ to utilise and take its net operating loss forward. Gogo, which is in the process of selling its Commercial Aviation division to Intelsat for $400 million, says as at December 31st last year it had approximately $580 million of federal […]