SpaceX successfully placed 48 of its Starlink broadband satellites into orbit on the evening of December 2nd, plus two paying satellites for client BlackSky, who is using its satellites for Earth observation tasks. A few minutes after launch the Falcon 9’s rocket booster was successfully recovered on its floating drone barge in the Atlantic. The […]
As well as approving a $1 billion ‘debtor in possession’ loan, Intelsat’s bankruptcy court had an extremely busy ‘omnibus’ day on June 9th dealing with dozens of applications and motions. The court approved the rate of interest that Intelsat must pay to the lenders Credit Suisse on the $1 billion loan. Intelsat has to pay […]
Last October Intelsat made a $50 million “synergistic” loan to BlackSky, owned by Spaceflight Industries. Now it wants the Court to amend the loan obligations and permit certain sales plans to proceed despite the bankruptcy. Spaceflight describes itself as a ‘next generation’ space company with launch facilities, and its BlackSky division specialises in images from […]