NASA calls off plans for second attempt at Artemis 1 rocket launch September 3, 2022 NASA has scrapped plans for a second go at launching the Artemis 1 rocket following a hydrogen tank leak. The US space agency faced obstacles in the way of technical and weather issues on its first attempt to send the rocket to space last week. Now, engineers at Florida’s Kennedy Space Center have advised that [...]
Nasa’s Artemis Moon launch postponed after unexpected engine issue August 29, 2022 Nasa’s highly anticipated Artemis 1 Moon launch has been postponed today over an engine issue, grounding the next chapter for business in space for now. “Engineers are now working on a plan to continue gathering data about this particular engine,” Nasa said in a statement. Earlier this year, the US agency gave the commercial space [...]
Even as we teeter on the edge of a recession, we will create new opportunities August 23, 2022 NECESSITY, as the old saying goes, is the mother of invention. That’s why periods of economic or social upheaval often coincide with exceptional innovation – the rapid development of the Covid-19 vaccine, based on breakthrough mRNA technology, being a perfect example. Today, the global economy is in precarious shape. Europe, in particular, faces likely recession [...]
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 [...]