Focus: Financial
July 15, 2020
SES Americom filed a $1.8 billion claim in Intelsat’s bankruptcy case on Tuesday, alleging breach of contract related to the C-Band Alliance (CBA). In the filing, SES said the two operators had reached an agreement in the CBA to split control of the CBA and most of the proceeds, with a percentage going to the…
July 14, 2020
“We were looking at the telemetry and going — ‘This isn't right. This isn't right. Something is definitely going wrong,’” said Doug Liddle, CEO of In-Space, recounting what it was like to watch his team’s satellite be lost in real time. The U.K. startup’s satellite was lost when the Rocket Lab July 4 mission “Pics…
July 10, 2020
United States space companies are hoping to get more help against foreign competitors through financing from the U.S. Export-Import Bank, a federal lending agency that SpaceX pointed to on Thursday as a substantial supporter in recent years. “To-date, EXIM has been very supportive of SpaceX’s effort to win international business and we’re grateful for that ...…
July 6, 2020
The United Kingdom is set to take a significant equity share in OneWeb in a groundbreaking deal. On Friday, July 3, OneWeb announced the U.K. government through the Secretary of State for Business, Energy and Industrial Strategy will acquire the company by providing $500 million, with Bharti Global Limited providing another $500 million. The deal…