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Archive for the 'BUSINESS' Category

Globalstar, Inc. results Q2 2019

July 10th, 2019 by

Globalstar, Inc. announced its financial results for the quarter ending 31 March 2019.

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Virgin Galactic and Social Capital Hedosophia announce merger

July 9th, 2019 by

Virgin Galactic and Social Capital Hedosophia, a public investment vehicle sponsored by Social Capital and Hedosophia, announced that the boards of directors of each company have approved a definitive agreement under which VG and SCH will merge, with the current shareholders of SCH expected to own up to approximately 49% of the combined company. Upon closing of the transaction, which is expected in the second half of 2019, VG will be introduced as a publicly traded company.

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Broadpeak raises EUR10 million from Eutelsat

July 3rd, 2019 by

Eutelsat Communications and Broadpeak have announced an approx. 20% investment in Broadpeak, supplier of CDN (Content Delivery Network) technologies optimising the delivery of video content over terrestrial and satellite networks.

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Harris Corporation and L3 Technologies set closing date for merger

June 23rd, 2019 by

Harris Corporation and L3 Technologies announced that they have received the necessary regulatory approvals for their all-stock merger and have set a closing date of 29 June 2019.

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Maxar eyes sale of MDA – report

June 16th, 2019 by

Maxar Technologies Inc. is reportedly exploring a sale of its space robotics business, which could fetch more than US$1 billion and allow it to pay down some of its debt, according to people familiar with the matter.

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Relativity to build new autonomous rocket factory

June 12th, 2019 by

Relativity announced that it has secured an agreement with NASA and an incentive package from the Mississippi Development Authority to expand facilities and infrastructure at NASA’s Stennis Space Center in Hancock County, Mississippi.

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