Satellite duo in reported merge talks amid wave of sector consolidation August 4, 2022 A pair of US and Luxembourg-based satellite giants are reportedly in talks to merge, as the increasingly scrutinised sector undergoes a wave of consolidation. SES and stateside group Intelsat are in discussions, the Financial Times first reported yesterday. People familiar with the matter stressed that talks are still in their early stages. It follows UK [...]
OneWeb and Eutelsat ink £2.8bn deal to forge satellite powerhouse July 26, 2022 British satellite darling OneWeb and French competitor Eutelsat confirmed this morning that they will push ahead with the £2.8bn merger. Eutelsat is set to suspend its dividend for two years to pump investment into OneWeb’s low-Earth orbit satellite network, as part of the all-share deal. The deal is intended to forge a satellite powerhouse to [...]
OneWeb takeover by Chinese state-backed rival raises national security concerns July 25, 2022 The proposed takeover of British satellite darling OneWeb by French rival Eutelsat has caught scrutiny over national security. The joint company, estimated to be worth around $6bn (£4.9bn), would create a satellite and communications powerhouse to compete against Elon Musk’s SpaceX and Starlink – which currently dominates the satcoms industry. Eutelsat, which is partly owned [...]
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Current space regulations leave businesses immune to liabilities worth billions July 21, 2022 Current space regulations mean that private companies are immune to the consequences of damages caused by their decommissioned tech in orbit, known as space debris, lawyers have told City A.M. “The liability for the collisions in outer space rests with the launching state of the spacecraft operator… It does not deal with private players per [...]
OneWeb wins unanimous approval for ‘historic’ push into Brazil July 5, 2022 Taxpayer-backed satellite giant OneWeb has won unanimous approval from Brazil’s telecommunications watchdog for landing rights in the country, in a “historic” milestone for the company. It means the British communications darling can build satellite hubs known as gateways, critical pieces of infrastructure for solid satellite connection across Latin America and the Caribbean. The 15-year deal, [...]
Business of Space: Big decisions for satellite giants – to merge or to share? June 24, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. Inmarsat prepares for rival takeover SpaceX and OneWeb pledge cooperation NASA’s Artemis programme heads for major test Inmarsat: Nearly over the dotted line British satellite darling Inmarsat is getting increasingly closer to a successful takeover by US rival Viasat, as pressure [...]
City of London to ignite UK space boom, says science minister June 24, 2022 Britain’s space boom could be supercharged by the City of London’s expertise and financial muscle, the minister responsible told City A.M. yesterday. While the global space economy has spent the last 40 to 50 years recovering from a Cold War hangover, “We’re now in the hockey stick of a huge commercial space boom,” science, research and innovation [...]
Musk, Tesla, SpaceX sued for alleged Dogecoin pyramid scheme… it’s all so depressingly predictable: June 21, 2022 Crypto AM columnist Nigel Green is disappointed at the predictability of Elon Musk being sued over his 'Dogecoin mischief'.
Twitter turned WeChat: Musk lays out ambitions for $44bn takeover June 18, 2022 Tesla chief executive Elon Musk has framed his ambitions for Twitter as similar to China's WeChat: an all-encompassing messaging app and social media.