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 […]
Bankruptcy
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 […]
The Forrester Digest: SES outlines their Intelsat appeal to the appeals court
Lawyers for SES submitted their bundle of documents to the Appeal Court on October 28th, following up on their formal appeal lodged on October 14th with the US District Court […]
Forrester’s Digest: Blue Origin / Eclipse Global Connectivity + OneWeb / Intelsat /
The Jeff Bezos-backed Blue Origin rocket system says it plans to more than double the number of people it lofts into sub-orbital space upon its New Shepard vehicle. It was […]
Forrester’s Digest: An Unusual Move For SpaceX / Virgin Orbit Investments / Intelsat Creditor Settlements
Elon Musk’s SpaceX is scheduled to launch 52 of its Starlink craft into circular orbits today (December 17th). This is an unusual move from Musk’s team — this launch is […]