SpaceX has wrapped a fundraising round of a reported $850 million (€704.4bn) to help pay for his new Starlink launches and development work on his Starship/Mars project. CNBC reports that the new cash was generated by the sale of shares at an impressive $419.99 per share and thus giving the privately held business a value […]
Jeff Bezos is planning to launch an eventual 3236 low-Earth orbiting satellites into space in order to provide a broadband-by-satellite service to consumers. Project Kuiper will compete directly with the Starlink scheme from Elon Musk as well as a few other would-be satellite operators such as OneWeb, Telesat and others. As yet there is no […]
The Federal Communications Commission (FCC) has approved Amazon’s plan for its Project Kuiper scheme to launch 3236 satellites into orbit for a global ‘broadband by satellite’ Ka-band system. The FCC approval is an important regulatory step for Jeff Bezos who has earmarked $10 billion for Kuiper. In previous comments Jeff Bezos has said that he […]
The British government is spending an initial $500 million (€444.9m),to take a reported 45 per cent stake in the consortium which includes Indian giant telco Bharti Global (paying a similar sum for a 45 per cent holding) to acquire bankrupt satellite constellation OneWeb Global Ltd. The UK has confirmed it will receive a “significant equity […]