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.
A report on satellite operator SES from investment bank Berenberg maintains its ‘BUY’ recommendation, but the report has cut the bank’s share price target from €9.20 to a much more modest €7.20. The SES share price on November 28th was €5.40. The Berenberg report, Rebase done; Now on to returns, says it expects SES too […]
A few weeks ago Terran Orbital was facing calls to fire the CEO and replace members of its Board of Directors. Terran is now suing former CTO Austin Williams and alleging his involvement in the attempted coup. Terran’s lawsuit, made on November 13th and a year after Williams left the company, alleges that Williams failed […]
Charlie Ergen is in the process of – in effect – merging Dish Network with sister business EchoStar in a strategy to tap into EchoStar’s cash war chest and in order to further build out Dish’s near-national 5G cellular spectrum in the US. The problem, according to analysts at MoffettNathanson, is that the moves might […]
Chinese technology giant Huawei’s low-orbit satellite Internet constellation has been officially announced, and a test satellite has already conducted in-orbit communication tests. At an event in Shanghai was reported on Chinese web-site Weibo, which stated “China Satellite Internet, Huawei is coming!” Huawei has launched two pairs of Ka-band prototype satellites (on August 21st and November […]
Space tourism business Virgin Galactic, already under financial pressure, has been downgraded by analysts at investment bank Morgan Stanley. The Morgan Stanley report (specifically on Virgin Galactic Holdings) has been rated “Underweight” by the bank with a Price Target of just $1.75. The report prompted a share sell-off and a fall on November 22nd of […]
A Washington DC Court has ruled decisively in favour of Rivada Networks in its long-running dispute with former partner Kleo AG. CEO Declan Ganley released the transcript of a legal action between Kleo AG which alleged defamation and was heard before the US District Court in Washington DC. Rivada has won the case. The background […]
Starship Test Flight Number 3 could be ready for launch this side of Christmas. The Federal Aviation Authority (FAA) is currently conducting its post-launch ‘mishap’ investigation on the November 18th Test Flight Number 2. But with zero injuries and no public property damage there is little for the FAA to worry about. The FAA says: […]
Elon Musk, speaking ahead of the November 19th Starship launch, denied a Bloomberg report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink – perhaps as soon as 2024. Musk, posting on his social media platform X, specifically described the Bloomberg report as “false”. The report […]
Maxar Space Systems says it has successfully handed over operations of the largest commercial communications satellite ever manufactured in their Palo Alto, California facility, the Jupiter 3 broadband satellite, for EchoStar’s HughesConnects subsidiary. The satellite, already in orbit, includes 14 solar panels on board that when fully deployed could span a 10-storey building. Maxar Space […]
The United Launch Alliance (ULA), a joint-venture between Boeing and Lockheed Martin (L-M), is up for sale. The rocket builder now has potential bidders emerging. The three names currently being reported on include a private equity business, Jeff Bezos’s Blue Origin rocket company and an unnamed aerospace firm which is said to be well-capitalised. The […]
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Report: AI the next frontier in customer engagement
AST SpaceMobile wins AT&T contract
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Vevo launches music channels on TCLtv+