Satellite News

Delaware-based satellite firm Swarm Technologies has filed a request with the U.S. Federal Communications Commission (FCC) to transfer its existing satellite and ground station licenses to SpaceX. According to the filings, Swarm would become a will be a direct wholly-owned subsidiary of SpaceX upon the closing of the deal.

Porsche Automobil Holding SE, Stuttgart, acquires a low single-digit percentage stake in Isar Aerospace Technologies GmbH, Ottobrunn. The company develops and manufactures launch vehicles for the transport of satellites. The investment was part of a new financing round of Isar Aerospace.

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GHGSat has completed the second tranche of a funding round initiated in 2020, thereby closing its total Series B funding at US$45 million. The company has raised more than US$70 million since its inception in 2011.

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.

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.

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.

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.

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.