Elon Musk might well mount an IPO for his SpaceX business somewhere down the line, but for the moment he seems happy to raise cash by issuing new equity. In a regulatory filing, SpaceX says it has raised a total of $1.164 billion over the past few weeks. The company had already reported raising some […]
Canada-based satellite operator Telesat will raise some C$500 million (€333.5m) in fresh borrowings in order to fund its new fleet of Lightspeed low Earth orbiting satellites. The cash-raising exercise will happen before the end of April, according to CEO Dan Goldberg. The total cost of the Lightspeed 298 satellite project are reportedly about $5 billion. […]
Broadband satellite start up Astranis has announced a $250 million (€208.6m) Series C financing round, valuing the company at $1.4 billion. The financing was led by funds managed by BlackRock, with significant participation from new investors Baillie Gifford, Fidelity Management & Research Company LLC, Koch Strategic Platforms, Monashee Investment Management, and Uncorrelated Ventures. Existing investors […]
Streaming media platform Plex has completed a growth equity round of $50 million (€41.7) from existing investor Intercap. The financing includes approximately $15 million in new capital for Plex, with the remainder of the funds used to purchase shares and options from employees and shareholders. The new capital will further Plex’s mission of being a […]
Iyuno-SDI Group, a provider of localisation services to the media and entertainment industry, has secured a $160 million investment from SoftBank Vision Fund 2, The investment will provide Iyuno-SDI with the necessary resources to support its mission of transforming the localisation industry. SoftBank Vision Fund 2 will become one of the largest shareholders of Iyuno-SDI […]
IRIS.TV, the video data platform, has announced the completion of a $18 million Series B funding round. Intel Capital, a division of Intel Corporation, led the round, with participation from investors including WISE Ventures, Quest Venture Partners, and Mirae Asset Venture Investment. The round also included prominent names in the space including Mike Baker, founder, […]
UK Prime Minister Boris Johnson and Digital Secretary Oliver Dowden have met with broadband industry leaders and praised the sector for creating more than 22,000 jobs over the last year as forecasts for gigabit rollout are revised further upwards. They welcomed the firms’ work to help the nation build back better from the pandemic with […]
Ed Horowitz ran SES’s Americom business from 2005-2008 and was an Executive VP at Viacom for 8 years (1989-1997) and SVP/Operations at HBO (1974-1989). In other words, he has plenty of media and satellite experience. He now wants to raise $250 million for his next venture which is very much space related. For the past […]
Europe can create 2.4 million new jobs within the next four years through digital transformation, while boosting economic growth and accelerating green transformation, according to the findings of a report, Connectivity and Beyond: How Telcos Can Accelerate a Digital Future For All, from European telecoms association ETNO and prepared by global management consulting firm BCG. […]
The BBC is reshaping its arts and music content teams and upping investements to drive bigger reach and impact across the UK. BBC Two will increase its resources for arts and music, whilst BBC Four becomes the home of arts and music performance and will bring together collections of distinctive content from the BBC’s archive. […]