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Archive for the 'BUSINESS' Category

Isar Aerospace raises EUR95 million for first launch vehicle

December 9th, 2020 by

Isar Aerospace has raised EUR75 million (US$91 million) from investors in the biggest funding round by a European space technology startup, which it said would be enough to fund the maiden flight of its launch vehicle.

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Intelsat completes acquisition of Gogo Commercial Aviation

December 1st, 2020 by

Intelsat has completed its acquisition of the Commercial Aviation business of Gogo, creating the world’s leading provider of inflight broadband connectivity to the commercial aviation industry.

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Telesat to become public company

November 24th, 2020 by

Telesat Canada announced that it has entered into an agreement with Loral Space & Communications Inc. and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.

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Speedcast sells primary maritime customer contracts to Inmarsat

November 22nd, 2020 by

Speedcast International Limited and Inmarsat announced that they have reached agreement on the sale of Speedcast’s primary Fleet Xpress, FleetBroadband and Fleet One service contracts to Inmarsat.

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Eutelsat sells interest in Euro Broadband Infrastructure to ViaSat

November 19th, 2020 by

Eutelsat Communications has agreed the disposal of its 51% stake in Euro Broadband Infrastructure (EBI), the company operating the KA SAT satellite, and related European broadband business to Viasat Inc, its 49% shareholder, for an initial consideration of EUR140 million.

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Kleos raises US$13.8 million to progress next satellite clusters

November 11th, 2020 by

Kleos Space S.A. announced that it has received commitments to raise A$19 million (equivalent to EUR11.7 million or US$13.8 million) via a placement of approximately 26,388,889 new ordinary fully paid CDIs.

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