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Advent International, a major global private equity investor, agreed to acquire Maxar Technologies (NYSE:MAXR), a provider of space solutions and secure, precise, geospatial intelligence, in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion, representing a premium of approximately 129% over Maxar’s closing stock price of $23.10 on December 15, […]
Intelsat’s Galaxy 35 and Galaxy 36 geosynchronous satellites were successfully launched aboard Arianespace’s Ariane 5 rocket from Kourou, French Guiana. Galaxy 35 and Galaxy 36 are part of five satellites that Intelsat contracted Maxar to build for the C-band transition. In addition to the five C-band satellites Intelsat has ordered from Maxar in 2020 to […]
SpaceX confirmed the loss of up to 40 Starlink satellites launched on February 3 due to the effects of a geomagnetic storm. The Falcon 9’s second stage deployed the satellites into their intended orbit, however most of the satellites deployed on that mission failed to pass initial system checkouts and have de-orbited. SpaceX said the […]
by Benedict Chua, Assistant Editor SpaceX successfully launched 60 more of its Starlink satellites — its third launch of Starlink satellites to date. The launch used a Falcon 9 first stage that had previously flown on a Starlink mission in May 2019, the Iridium-8 mission in January 2019, and on the Telstar 18 launch in […]
Amazon filed an application with the FCC to launch up to 3,236 low-Earth orbit satellites for delivering advanced broadband services. Amazon’s Project Kuiper proposes up to 3,236 Ka-band satellites in 98 orbital planes with an apogee of 630km. Each satellite would have an estimated life of 7 years. The company says its Kuiper System will […]
SpaceX expects to launch the first 60 satellites for its Starlink LEO constellation this week. In a tweet, Elon Musk disclosed that six launches of 60 satellites each are needed for “minor coverage” and 12 launches of 60 satellites each are needed for “moderate” coverage. The accompanying photo reveals an extremely tight packing of photos […]
SES exercised its call option and offered to acquire the remaining shares and warrants of O3b Networks, bringing its ownership stake from 49% to 100%. Specifically, SES will pay US$730 million to directly increase its fully diluted ownership of O3b from 49.1% to 100%, using proceeds from the company’s recent equity raising. On completion, SES […]
PT Telekomunikasi Indonesia Telkom), Indonesia’s largest satellite telecommunications services, has contracted capacity on SES’ recently-launched SES-9 satellite. As part of the agreement, SES and Telkom will co-market SES-9 capacity over Indonesia, allowing customers from across all market verticals, including video, cellular, broadband, maritime andaeronautical, to utilise satellite capacity within the country. SES-9 will be co-located […]
SES will increasing its stake in O3b Networks (O3b) from 49.1% to 50.5%, giving it majority control, for a payment of US$20 million. This brings its aggregate equity investment in O3b to date to US$323 million (EUR 257 million). On completion, SES will consolidate O3b’s net debt, which is currently USD 1.2 billion. In addition, […]
