Charlie Ergen, founder and chairman of the EchoStar/DISH combination, is reported to be negotiating with some of the company’s bond and debt-holders for extensions to its debt payment obligations. However, […]
Bankruptcy
Forrester’s Digest: Ligado + AST SpaceMobile deal approved by judge
A Delaware bankruptcy court on June 23rd approved the long-term acquisition by AST SpaceMobile (AST) of Ligado’s L-band spectrum over North America. The judge, Thomas Horan, was brief in saying, […]
AST SpaceMobile confirms Ligado payment
AST SpaceMobile will pay around $550 million (€474.9m) to Ligado for its L-band spectrum over North America. The news was confirmed late on June 13th. The payment will allow Ligado […]
Forrester’s Digest: SpaceX buys Akoustis out of bankruptcy
SpaceX has acquired Akoustis Technologies which manufactures integrated devices using patented bulk acoustic wave RF filters. SpaceX, using subsidiary Tune Holdings, acquired the company out of bankruptcy. “Through the Transaction […]
Ligado details bankruptcy exit plan
Ligado Networks entered Chapter 11 in January. It has now presented its exit plan to the Delaware Bankruptcy Court. A key portion of the exit scheme is an agreement with […]
Class Action against Terran Orbital updated
Satellite manufacturer Terran Orbital, now owned by Lockheed Martin, is facing a Class Action brought by law firm Levi & Korsinsky (and others) and recently an amended complaint was filed […]
Forrester’s Digest: AST SpaceMobile helps bankrupt Ligado
Ligado Networks filed for Chapter 11 bankruptcy protection on January 6th. Ligado holds some extremely valuable ‘L-band’ spectrum over North America but is in the middle of a bitter dispute […]
Forrester’s Digest: EchoStar “…bankruptcy the most likely outcome.”
EchoStar, the Charlie Ergen-owned pay-TV and satellite operator, is struggling. CEO Hamid Akhavan told analysts in the company’s post-results call with analysts that the company has $1.98 billion of debt […]
Rocket Lab’s $16.1M purchase of Virgin Orbit’s Long Beach, California, assets bolster Neutron Rocket program
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”) a launch and space systems company, announced it has been selected as a successful bidder and is finalizing an […]
Forrester’s Digest: Virgin Orbit secures $31.6 million in DiP financing & SpaceX wants more satellites
By Chris Forrester, Advanced Television Virgin Orbit has secured $31.6 million (€29.9m) in ‘Debtor in Possession’ financing from its U.S. bankruptcy court in Delaware. The satellite services company said it […]