Satellite News

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.

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.

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.

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.

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.

The economic losses of Russia from 11 failed space launches in the period from 2010 to 2018 amounted to more than RUB35 billion (US$541.83 million), including RUB10.5 billion (US$162.55 million) uncovered by insurance, according a financial and economic justification to the draft resolution of the Russian Government.

UrtheCast Corp. has been selected to receive C$2.0 million from the Canadian Space Agency’s Space Technology Development Program (STDP), in two separate agreements of C$1.0 million each, for the development of new satellite technologies.

Viasat Inc. announced financial results for the fiscal fourth quarter and fiscal year ending 31 March 2018