Author: Mark Holmes
July 12, 2018
Following the rejection of a $3.2 billion takeover bid from EchoStar, U.K. satellite operator Inmarsat is now under pressure to show its vision of the future, said Berenberg satellite equity analyst Sarah Simon in a July 12 research note. EchoStar has made two bids to acquire Inmarsat, but has been met with stiff resistance. The $3.2…
July 11, 2018
Reid Hoffman, the co-founder of LinkedIn, has joined the board of directors of Apollo Fusion, a satellite propulsion company, after helping it secure $10 million in Series B financing from his investment firm, Greylock Partners. This Series B investment brings the total amount raised to more than $18 million for Apollo Fusion, which will use the funds…
July 11, 2018
Rocket Lab plans to develop a U.S. launch site for its Electron rocket at one of four U.S. spaceports — Cape Canaveral, Wallops Flight Facility, Pacific Spaceport Complex, and Vandenberg Air Force Base — the company announced July 10. Rocket Lab Founder and Chief Executive Peter Beck said a decision on the site, which will…
July 11, 2018
Ericsson has rebranded its media solutions business in a major strategic move, the company announced July 10. The new busines, MediaKind, will be the new identity for Ericsson’s Media Solutions business. MediaKind’s mission is to lead the future of global media technology and be the first choice for service providers, operators, content owners and broadcasters…