Author: Staff Writer

Worldspace Sets IPO

Worldspace Inc.‘s initial public offering (IPO) will consist of 8.8 million shares with an estimated price range of $16 to $18 per share, according to a June 27 filing with...

Express-AM2 Put Into Service

The Russian Satellite Communication Co. said June 28 the Russian Express-AM2 satellite was put into operation June 16 at its 80 degrees East orbital slot. The satellite will provide presidential...

Europe Approves Joint Galileo Bid

The Galileo Joint Undertaking (GJU) approved a joint bid June 27 from the members of the Eurely and iNavSat consortia to develop the Galileo satellite navigation system. The two consortia...