Satellite News

Iridium Communications Inc. reported financial results for the second quarter of 2015.

Eutelsat Communications announced it is becoming a partner of Starburst Accelerator, a start-up accelerator that stimulates innovation in the aerospace industry.

SES S.A. reported financial results for the first half of 2015.

The Boeing Company reported second-quarter financial results.

Satellite telecommunications service provider SpeedCast International Limited announced that it has acquired the assets of the teleport and satellite services business of NewSat from its receivers.

Spire, a satellite-powered data company, announced it closed a US$40 million Series B round of funding led by Promus Ventures with participation from new investors Bessemer Venture Partners and Jump Capital, as well as existing investors RRE Ventures and Lemnos Labs, among others.

OneWeb, which plans to build a new global broadband communications system announced it has raised US$500 million of funding from a group of leading international companies. OneWeb also announced the largest commercial rocket acquisition ever of more than 65 rockets. In addition, the company will co-operate with Intelsat and Hughes.

UrtheCast Corp. announced that its subsidiary has entered into a definitive agreement with Elecnor, S.A. to acquire Elecnor’s Earth Observation business dba Deimos Imaging (the “Acquisition”) for an aggregate price of EUR74.2 million, subject to customary working capital adjustments, with EUR69 million due at closing and EUR5.2 million to be paid over the next five years.