News Analysis

The May 2020 issue of  the Satellite Executive Briefing magazine is now available.  Featuring:

Vertical Markets for Satellite IoT by Hub Urlings, Herbie Rijndorp and Marco Franken

Business Agility Lessons from the COVID-19 Pandemic by Hari Abburi

Satellite Companies' Responses to the COVID-19 Pandemic 

The Satellite Ecosystem and COVID-19  by Martin Jarrold

Better Satellite World Series: In Search of the World's Missing Girls

Zoom This  by Lou Zacharilla

PLUS Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file

Middletown, RI, May 1, 2020--KVH Industries reported Net loss from continuing operations in the first quarter of 2020 of  US$ 6.2 million, or $0.35 per share, compared to a net loss of $6.5 million, or $0.38 per share in the first quarter of 2019. •Non-GAAP net loss from continuing operations in the first quarter of 2020 was $4.3 million, or $0.25 per share, compared to $3.8 million, or $0.22 per share in the first quarter of 2019.

by Martin Jarrold

London, UK, Masy 1, 2020--In starting to draft this column it was impossible not to be affected by the news that the official global figure for Covid-19 fatalities was approaching 250,000. The zoonotic – interspecies – jump to humans and subsequent pandemic spread of the novel coronavirus (SARS-CoV-2) has badly impacted many of the world’s most advanced and richest countries, but the epidemiology tells us that the worst of the impact, on the less-developed world, is still to come.

New York City, NY, April 1, 2020-Millions of girls are missing. They are missing from school. They are missing from jobs. They are missing from the leadership of their communities and nations.

Tokyo, Japan, May 1, 2020- Infostellar has raised a total of US$ 3.5 million in convertible bonds with existing investors Airbus Ventures and Sony Innovation Fund, while welcoming new investors Daiwa Energy Infrastructure, Mitsubishi UFJ Capital, and Mitsubishi UFJ Lease & Finance. As a result, the cumulative amount of funds raised now reaches USD 11.5 million.

Long Beach, Calif., May 1, 2020 – Rocket Lab has closed the transaction to acquire Sinclair Interplanetary, a leading provider of high-quality, flight-proven satellite hardware. Rocket Lab initially announced the execution of the agreement to acquire Sinclair Interplanetary on March 16, 2020 pending customary closing conditions and satisfying The Investment Canada Act review process. Terms of the approved deal were not disclosed.

McLean, Va., April 28, 2020--Iridium Communications Inc. (Nasdaq: IRDM)  today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 million, or $0.24 per diluted share, for the first quarter of 2020, as compared to net loss of $18.0 million, or $0.18 per diluted share, for the first quarter of 2019.

Sydney, Australia,  April 23, 2020-Speedcast International Limited  today announced that it has initiated a voluntary financial restructuring under chapter 11 of the United States Bankruptcy Code. In conjunction with chapter 11 petitions filed on behalf of Speedcast International Limited and certain of its U.S. and international subsidiaries. Speedcast's chapter 11 case is being heard in the United States Bankruptcy Court for the Southern District of Texas. 

Cape Canaveral, Fla., April 22, 2020--Spacex successfully launched its seventh batch of 60 Starlink satellitesat at 3:30 p.m. EDT, or 19:30 p.m. UTC today. Falcon 9 lifted off from Launch Complex 39A (LC-39A) at NASA’s Kennedy Space Center in Florida.

Tysons Corner, Va., April 15, 2020--Various meida report, among them Bloomberg news is reporting that satellite operator Intelsat SA is seeking backers for a bankruptcy loan that would keep the satellite service in business under Chapter 11 court protection while it’s waiting for billions of dollars in proceeds from a government spectrum auction.