Space Florida, a State-backed unit designed to build on Florida’s already hugely successful space-related activity, is in contact with Project Kraken – a mystery space business that could be looking to locate in or near Florida’s famous Space Coast. Amazon has confirmed that its Project Kuiper mega-constellation of 3,200 satellites have anything to do with […]
Analysts at Berenberg Bank have compared and contrasted Europe’s two satellite giants SES and Eutelsat in a detailed report. SES has a balance sheet that is in good shape says Berenberg but, despite its larger size, will generate much less cash flow than Eutelsat in 2021 and 2022, and, given uncertainty about the long-term future […]
The world’s three-largest satellite operators are complaining to Canada’s government regarding its proposed restructuring of C-band spectrum for 5G adoption. In essence they are saying that they must be compensated for giving up their frequencies over Canada, and any Canadian scheme which only compensates Telesat would be a violation of trade agreements. The comments come […]
Sports broadcaster ‘fuboTV’, a now major multichannel video programming distributor (MVPD), and which streams its live content to a fast-growing portfolio of countries and devices, has prompted a major examination by investment bank Berenberg, and an upgrade to ‘Buy’. The bank admits that fuboTV is “easily the most controversial stock we cover, but we remain […]
A motion lodged on March 12th, into the US bankruptcy court handling Intelsat’s Chapter 11 bankruptcy reconstruction, argues that one group of claimants on Intelsat’s debt promises is adopting a “scorched Earth” litigation policy in order to “extract an unjustified degree of leverage in these cases.” The motion was filed by the trustees for the […]
A Northrup Grumman ‘space tug’ rescue mission is closing in on its target satellite, Intelsat’s 10-02 craft. The Mission Extension Vehicle (MEV-2) has spent the past few days getting up close and personal to the Intelsat satellite while systems have been tested. The MEV-2 craft is having to be ultra-cautious because 10-02 is still a […]
Elon Musk’s SpaceX is seeking permission to launch its Starlink broadband-by-satellite service to moving vehicles. Musk, in a Tweet, stressed that Starlink was not targeting Tesla or other cars, but aircraft, ships, large trucks and RVs; “Our terminal is much too big [for cars]” he said. Sami Kassab, satellite analyst at investment bank Exane/BNPP, said […]
The Richard Branson-backed Virgin Galactic space tourism business is facing more than a few fundamental changes. First up, it is losing its former CEO George Whitesides who changed to Chief Space Officer in July last year, and is now stepping aside but remains of the company’s advisory board. He had been in post since 2010. […]
The $1.8 billion legal claim by SES on Intelsat concerning the SES claim on the split of FCC’s C-band incentive payments rumbles on, but with some tough comments from an SES submission to Intelsat’s bankruptcy court. SES filed its further motion with Intelsat’s bankruptcy court on March 3rd and wants the court to determine which […]
Amazon owner Jeff Bezos looks like suffering delays to his Project Kuiper broadband-by-satellite mega-constellation. Confirmed delays in the availability of his Blue Origin launch rocket could also affect Eutelsat which had reserved a flight on the rocket for one of its satellites. Bezos is backing the Blue Origin rocket launching system and they have delayed […]