Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
Virgin Galactic, already involved in a legal spat with Boeing over an alleged misappropriation and withholding of certain proprietary IP and trade secrets, has scheduled its June 12th Annual meeting to include a proposal to create a reverse stock split for the company. The intention is for Virgin Galactic to adjust the company’s shares in […]
Abu Dhabi-based Yahsat says its Thuraya-3 mobile communications satellite suffered a major outage problem on April 15th. While the Boeing-built satellite is being investigated, the operator has admitted that its transmission services will be significantly diminished. The craft was launched in 2008 and operated from 98.5 degrees East. It had a planned design life of […]
AST SpaceMobile, already suffering criticism for multiple delays and alleged misleading statements to shareholders, has been hit with Class Actions. The actions will be before the Western District of Texas in the US District Court and before Judge David Counts. AST SpaceMobile is based at Midland, Texas. AST SpaceMobile, together with its subsidiaries, develops and […]
April 18th saw satellite operator issue its annual dividend payments (of €0.50 per share) to shareholders. That’s the good news. The bad news is that there was the usual post-dividend share sell-off, but this year’s decline was significant. SES’s Paris bourse share price has fallen 12.5 percent over the past week to €5.53 and at […]
Declan Ganley, CEO of Rivada Space, visited Terran Orbital’s brand-new production site at Irvine, California on April 17th and held a Town Hall meeting of the two companies’ staff. The visit was far from routine and was a clear indication of Rivada’s importance to Terran’s financial future. Ganley was inspecting what will be the main […]
The London High Court has ruled that Avanti Communications, a London-based speciality satellite operator, was correct in assessing its all-important spectrum as a relevant asset in its recent financial reconstruction. The decision, by Mr Justice Johnson and published on April 12th by the National Law Review, was crucially important to Avanti. The Court’s background to […]
SpaceX has received good news from India’s government with reports that its Starlink broadband service is to receive an “expedited” fast-track approval to operate in India ahead of Elon Musk’s visit to the country. Starlink was also authorised for use in Albania last week. However, there are doubts in some quarters over Starlink’s profitability. Bloomberg, […]
IRIS2, which is a massive European project to provide an independent broadband-by-satellite service for the military, governments and consumers, is facing some major headaches. IRIS2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite) had been planned to be deployed by 2027. That date is now extremely doubtful, and the scheme already faces challenges of anticipated […]
It was recently reported how Intelsat was facing up to its future and how it would compete with rival satellite operators. More detail has now emerged. Intelsat has been through something of a nightmare this past few years, emerging – more or less – from Chapter 11 bankruptcy with much reduced interest obligations and the […]
SpaceX says it now has 2.7 million “customers – a rise of 100,000 in just three weeks. This is a growth rate of some 4,700 new users per day. If this rate is maintained, then another 1 million users by year-end is possible if not probable. A report from analysts at investment bank Morgan Stanley […]
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