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Archive for the 'BUSINESS' Category

Spire Global to acquire exactEarth

September 14th, 2021 by

Spire Global, Inc. announced that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (C$204.2 million) in cash and stock, which is approx. 9.1 times the company’s revenue over the last 12 months.

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DoS India, Skyroot sign Memorandum of Understanding

September 13th, 2021 by

India’s Department of Space has entered into a Framework MoU with M/s Skyroot Aerospace Pvt. Ltd., Hyderabad for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of Space Launch Vehicles.

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BlackSky announces completion of merger with Osprey

September 9th, 2021 by

BlackSky Holdings, Inc. announced it has completed its previously announced business combination with Osprey Technology Acquisition Corp. to take BlackSky public.

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Hughes and OneWeb announce deal for LEO satellite service in U.S. and India

September 9th, 2021 by

Hughes Network Systems, LLC and OneWeb have signed a distribution agreement in the U.S. focused on enterprise services. In India, the parties have entered into an MOU for a strategic agreement to distribute services to large enterprises, small and medium businesses, government, telcos and ISPs, including in the rural and remote parts of the country.

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Eutelsat completes OneWeb Equity investment

September 8th, 2021 by

Eutelsat Communications confirmed the closing of its US$550 million equity investment in OneWeb announced on 27 April 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6% stake.

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BlackSky awarded five year $30 million NGA contract

September 7th, 2021 by

BlackSky Holdings, Inc. announced that it has been awarded a multi-year Indefinite-Delivery/ Indefinite-Quantity (IDIQ) contract by the U.S. National Geospatial-Intelligence Agency (NGA) to monitor global economic activity. Competitively procured, the contract carries a maximum estimated value of US$30 million.

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