Momentus settled a class action lawsuit against certain of its current and former directors and former officers, the company announced Thursday.  Momentus and the lead plaintiff reached an agreement in February to settle for payment of $8.5 million, at least $4 million of which is expected to be funded by insurance proceeds. The case is…

The U.S. Department of Transportation’s Federal Aviation Administration (FAA) announced Friday that it is proposing a $175,000 fine against SpaceX for not submitting collision analysis trajectory data to the agency before an August Starlink launch. The FAA said SpaceX was required to submit the data to the agency at least seven days before the Aug.…

The European Commission (EC) is opening an in-depth investigation into Viasat and Inmarsat’s proposed merger, citing concern the merger would hurt competition in the in-flight connectivity (IFC) market for airlines. The EC announced Feb. 13 that it will go through an in-depth investigation in 90 working days with a deadline of June 29, 2023 to…

HAPS company Avealto recently launched a trademark dispute against Airbus for renaming its HAPS venture Aalto HAPS Ltd, which it argues is too similar to its own name.  The two companies are targeting service with HAPS — high altitude platform stations, or high altitude pseudo satellites. HAPS operate in the stratosphere, much closer to Earth…