SWISSto12, a Switzerland-based aerospace company, has issued a trading update, and the numbers are impressive.Key to the numbers is the market’s enthusiasm for the company’s HummingSat product. HummingSat is a smaller craft yet can operate at geostationary orbits. · 40 per cent revenue growth and 38 percent workforce expansion in 2025 · Significant progress on […]
A study by global tech strategist Juniper Research has found satellite provider revenue from direct-to-cell (D2C) will exceed $370 million (€279.9m) in 2026, up from $100 million this year. This substantial single-year growth of more than 260 per cent is fuelled by growing partnerships between mobile network operators (MNOs) and satellite operators, which are rolling out […]
Declan Ganley, CEO at Rivada Space Networks, says his firm has won a long-running dispute with Chinese-backed entities over Rivada’s rights to satellite spectrum. He commented: “I received good Thanksgiving day news from my excellent legal teams in Liechtenstein and Germany.” Ganley added: “[The decision is] a crushing victory over Chinese backed lawfare as we […]
Al Jazeera Media Network and Es’hailSat have signed a Memorandum of Understanding aimed at strengthening cooperation in satellite communication services, ground station infrastructure, and crisis and disaster management systems, to ensure the continuity of services and the enhancement of operations. Ibrahim Abdulla Al-Obaidli, Deputy Director General of Al Jazeera Media Network, commented “This memorandum represents […]
The European Space Agency’s (ESA) ministerial meeting in Bremen, Germany, on November 26th has hit its first snag. The meeting was due to approve an overall €22.5 billion budget including expenditure for a major satellite constellation which would have seen a global intelligence, surveillance and reconnaisance project started. Now the 27-nation ministries have an additional […]
The United Launch Alliance’s (ULA) next mission – Leo 4 – will launch a batch of Amazon Leo satellites into their designated transfer orbits. The giant Atlas V rocket will carry 27 satellites, and the launch is set for December 15th with its launch window opening in the early morning hours at 3.52am (Eastern Time) […]
Eutelsat has announced the launch of a €670 million rights issue as part of its €1.5 billion capital raise to reinforce its financial structure and fund strategic ambitions. The announcement was expected, but there were also some extra details: · Subscription price: €1.35 per new share · Subscription ratio: 8 new shares for 11 existing […]
Toulouse-based Infinite Orbits, which recently struck a deal with Luxembourg-based satellite operator SES to build an in-orbit servicing satellite, has raised €40 million in fresh funding. The European Innovation Council Fund, Matterwave Ventures, Wind Capital, Balnord, IRDI Capital Investissement, and Newfund Capital participated in the cash-raising round and endorsing Infinite Orbits’ ability to secure a […]
The Canadian Space Agency is deepening its links with the European Space Agency (ESA) and is investing an extra C$528.5 million (€326.3m) into ESA programmes. This amount represents a tenfold increase compared to previous contributions and is set to advance research and development of Canadian-made space technologies for both civilian and defence purposes. “It will […]
During the Orange OpenTech event in Paris, Orange announced the launch of ‘Message Satellite’, a service that allows its customers based in mainland France to send and receive SMS messages as well as their geolocation via satellite when mobile or Wi-Fi coverage is unavailable. The service is currently available for use in France and 36 […]