Elon Musk says that he is unlikely to take his Starlink broadband-by-satellite system into public ownership for another three to four years. Musk emphasised, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public. “I’m not sure exactly when that [IPO] is, […]
Video streaming software solutions provider Broadpeak has had its Registration Document approved by France’s stock market regulator, l’Autorité des Marchés Financiers (AMF). This approval marks the first step in Broadpeak’s planned IPO on the Euronext Growth market in Paris, which remains subject to market conditions and AMF approval of the relevant prospectus. “Since its creation, […]
Elon Musk will be hoping for more luck with a launch of 46 of his Starlink broadband satellites today (February 21st) at 9.44am EST time. The last batch of Starlinks launched on February 3rd saw 40 totally destroyed by a geomagnetic storm. This latest launch on a Falcon 9 rocket from Florida’s Cape Canaveral Space […]
Abu Dhabi-based Al Yah Satellite (YahSat) reported Q3 profits of $13.2 million (€11.3m), a 37.8 per cent fall on the same period last year. The fall is doubly disappointing for investors considering YahSat mounted its IPO and listing on the Abu Dhabi bourse in July. YahSat’s profits for the 9-month period fell to $43.3 million […]
Isotropic Systems, a developer of transformational broadband terminal technologies, has raised over $37 million (€31.6m) in an equity financing round, which fully funds the development of its multi-link antennas through to product launch in 2022. The round is led by Seraphim Space Investment Trust PLC – the world’s first listed space tech fund – in […]
Al Yah Satellite (YahSat) started trading on the Abu Dhabi stock exchange on July 14th. The company, backed by sovereign wealth fund Mubadala, confirmed that it expected its next satellite to launch in H2/2023. Ali Al Hashemi, the operator’s CEO, said: “The launch is [in] the second half of 2023 and by the second half […]
The IPO for Al Yah Satellite Communications (YahSat) was priced at 2.75 Dirhams (€0.63) per share, in the middle of the proposed indicative range, and interest was strong. Currently owned by Abu Dhabi’s sovereign wealth fund Mubadala, the 40 per cent of the company of offer gives YahSat a market capitalisation of 6.7 billion Dirhams. […]
Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows it could raise up to 2.97 billion Dirhams (about $810 million) in what will be the first IPO on the Abu Dhabi stock exchange since 2017. The indicative range extends […]
Al Yah Satellite Communications (which trades as YahSat) and is fully owned by Abu Dhabi’s $243 billion sovereign wealth fund Mubadala Investment, has hired Abu Dhabi’s Abu Dhabi Commercial Bank, First Abu Dhabi Bank and HSBC Holdings as joint lead managers, according to an advertisement in local newspaper the National. YahSat currently has services covering […]
Codemill has reached an agreement to acquire Cantemo, developers of Cantemo Portal next generation Media Asset Management (MAM) software. The closing of the deal coincides with the Initial Public Offering (IPO) of Codemill onto NASDAQ First North Growth Market, planned for mid-June. The acquisition means Cantemo Portal product development will accelerate, and also result in […]