Satellite News

Vector Acquisition Corporation, a publicly traded special purpose acquisition company backed by technology investor Vector Capital, announced that Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc.

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Virgin Orbit and NextGen Acquisition Corp. II (“NextGen”), a special purpose acquisition company [SPAC], announced that they have entered into a definitive merger agreement under which Virgin Orbit will become a publicly-traded company.

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Orbcomm Inc., a provider of Internet of Things (IoT) solutions, announced that the U.S. Federal Communications Commission (FCC) has approved the transfer of control of Orbcomm’s FCC authorisations in connection with the previously announced acquisition of Orbcomm by GI Partners, a US-based investor in data infrastructure businesses.

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Phantom Space Corporation, a space transportation technology development and manufacturing company, announced the successful acquisition of Micro Aerospace Solutions, a provider of space communications systems, space propulsion systems, and electrical hardware design for spacecraft and rockets.

Spire Global, Inc., a provider of space-based data, analytics and space services, announced it has completed its previously announced business combination with NavSight Holdings, Inc. to take Spire public.

Momentus Inc., a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, announced that it has closed its business combination with Stable Road Acquisition Corp (“SRAC”), a special purpose acquisition company.

Telesat announced that it expects to receive a C$1.44 billion investment from the Government of Canada to support Telesat’s Lightspeed Low Earth Orbit (LEO) satellite network.

Hanwha, a South Korean technology and manufacturing company has announced a US$300 million equity investment by Hanwha Systems in OneWeb. Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb, alongside relationships to new government customers and expanded geographical reach.