Space-focused investment business Seraphim, which this week partnered with the European Space Agency (ESA), has issued its annual map of how it sees the complete space business. It sees itself as a ‘space accelerator’ and its Seraphim Space Investment Trust targets early and growth stage Space Tech companies that have the potential to dominate globally […]
Elon Musk’s Starlink is well on its way to completing its first tier of 4,000 low Earth orbiting satellites. Recent data shows that 3,875 craft have been launched (including some Gen-2 versions), although not all reached orbit. Nevertheless, a report from Tim Farrar of TMF Associates suggests that Musk’s SpaceX is targeting a new business […]
SES has had a legal action running against Intelsat which asks for Intelsat to pay what SES alleged was Intelsat’s 50 per cent of the costs of running the C-Band Alliance. The action is paused while the larger legal action against Intelsat and where SES is suing for a 50/50 division of the FCC’s Accelerated […]
Sir Richard Branson’s Virgin Orbit satellite launch business has raised a financial stop-gap of $10 million (€9.1m), according to a filing with the US Securities & Exchange Commission (SEC) on January 30th. The cash comes from a sister – but separate – company, Virgin Investments Limited (VIL), the investment arm of the Branson’s Virgin Group. […]
Under the overall umbrella of the African Union Commission (AUC) and the Egyptian government, the African Space Agency has been created. Its HQ is within the grounds of Egypt Space City outside Cairo. A special ceremony was held with Egypt’s Ministry of Higher Education & Scientific Research on January 25th to formally inaugurate and declare […]
Paramount has announced that its Showtime brand is set to be merged with Paramount+. In the US, the streaming and linear platforms will now be rebranded as ‘Paramount+ With Showtime’. Later this year the Showtime streaming service will cease operations. In a memo to staff, Paramount Global CEO Bob Bakish said: “With Showtime’s content integrated […]
The long-running legal action between SES and Intelsat is back in court on January 31st. The hearing is focussed on the SES claim that Intelsat pay what SES says is its share of the costs associated with the C-Band Alliance (CBA). The CBA failed in its plan to create a private auction of C-band satellite […]
The rocket and satellite industry know all about Florida’s long history of launches, as well as the importance of the French Guiana facility at Kourou or the Russian Cosmodrome at Baikonur. But there are dozens of other would-be launch sites now emerging, and the UK is determined to tap into at least some of these […]
Aerospace giant Airbus has relaunched its high-altitude Platform Station business (HAPS) with a new name, Aalto, and is targeting high-altitude surveillance, 5G and direct-to-device connectivity. The company is expected to seek outside investment for the programme which will then be spun-off as a separate business. Zephyr/Aalto, using very high-flying solar-electric drones, will initially be 100 […]
A report from investment bank Jefferies says that it is “cautious” on Australia’s overall media sector. “Visibility is poor, linear TV would continue to show weakness, and while Broadcaster Video-on-Demand (BVoD) will provide an offset, content costs are rising. OML Media is our top pick in the sector as it is recovering to pre-Covid levels,” […]