Satellite News

Rocket Lab USA, Inc. announced it has completed the acquisition of Advanced Solutions, Inc. (ASI), a Colorado-based aerospace engineering firm delivering mission proven space software, mission simulation and test systems, and Guidance, Navigation, and Control (GNC) solutions, for US$40 million plus the potential for an additional US$5.5 million performance earnout based on CY 2021 results.

Al Yah Satellite Communications Company PJSC announced that its Mobile Satellite Services (MSS) subsidiary, Thuraya Telecommunications Company PJSC has secured long-tem agreements with a global service provider for a total value in excess of AED316 million (US$86 million) over the next three years.

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Eutelsat Communications has exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti, for a consideration of US$165 million, taking its shareholding from 17.6% to 22.9%.

HawkEye 360 reports it has secured new contracts totalling over US$50 million in potential value since the start of the year as its next generation satellites have become operational.

Voyager Space announced the acquisition of Valley Tech Systems (VTS), a technology company focused on developing controllable solid hypersonic propulsion and open architecture ISR (intelligence, surveillance and reconnaissance) technologies.

Eutelsat Communications confirmed that it has received an unsolicited, preliminary and non-binding proposal from Patrick Drahi in connection with a potential transaction on all of the company’s share capital.

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OneWeb announced that it has completed its acquisition of Texas-based TrustComm Inc., a provider of managed satellite communications and professional services to commercial and governments organisations. OneWeb announced the planned acquisition of TrustComm in May and received all necessary regulatory approvals enabling the transaction to close.

Xona Space Systems announced that it has raised a new funding round co-led by Seraphim Space Investment Trust and MaC Venture Capital, with participation from Toyota Ventures, Daniel Ammann (co-founder of u-blox), and Ryan Johnson (former CEO of BlackBridge, operator of the Rapideye constellation). Follow-on investors also include 1517 Fund and Stellar Solutions.