Finance

Historically, traditional space has not been able to such as India and China due to various restrictions that fall within the ambit of several political, economic, social, and technological barriers. Today, some of these markets have large unserved and underserved market potential with a growing middle class which can afford several satellite-based services. In places...

David Hartshorn, secretary general of the Global VSAT Forum (GVF) for two decades, has surprisingly decided to step down. The GVF announced Hartshorn’s shock resignation on April 19. The GVF is now inviting applications for the next secretary general and for an assistant who will support his replacement. Hartshorn has long been one of the...

NanoRacks is partnering with Altec and Thales Alenia Space to pursue further opportunities at the International Space Station (ISS). To do this, NanoRacks will be staffing its first formal European-based office at Altec’s facilities in Torino, Italy. The office will serve as a business development hub for European and Asian customers, according to the companies,...

RigNet aims to strengthen its position in the oil and gas market with two major new acquisitions in the United States: Automation Communications Engineering (Auto-Comm), a diversified telecommunications services company, and Safety Controls (SAFCON), a safety and security service provider. Auto-Comm provides communications services, for both onshore and offshore remote locations. SAFCON offers safety, security,...

Eutelsat has sold its stake in Spanish satellite operator Hispasat for just more than 300 million euros ($371.24 million). Eutelsat had held a 33.69 percent stake the Spanish operator. The announcement brings to an end one of the most interesting European satellite operator collaborations in recent years. The transaction concludes an agreement reached in May...

Spire Global, a space to cloud analytics company that uses proprietary satellite data and algorithms to provide advanced maritime, aviation, and weather tracking, has announced its participation in the Esri Partner Network. Spire’s datasets collected from its Low Earth Orbit (LEO) satellite constellation can now be integrated into the ArcGIS platform. Esri Silver Partners are...

Agronow is spearheading a new revolution it calls Agriculture 5.0, through which it aims to monitor crops by using Artificial Intelligence (AI), making it possible for all sectors involved in agribusiness — banks, tradings, lenders and insurers — to receive alerts, information, analyses and projections that are fundamental for remotely strategic decision making. Using satellite...

S7 Group, the holding company that owns Russia’s S7 Airlines, has finally closed the transaction on its $109 million purchase of Sea Launch assets from RSC Energia. The two corporations first signed the purchase agreement in late 2016. As part of the deal, S7 Group will take control of the Sea Launch Commander ship and...

Boeing announced its investment in Oxfordshire, United Kingdom-based Reaction Engines, whose technology will contribute to the next generation of hypersonic flight and space access vehicles. Boeing’s HorizonX Ventures division participated in the company’s $37.3 million Series B funding round alongside Rolls-Royce and BAE Systems. Founded by three propulsion engineers in 1989, Reaction Engines produces technical designs...

SES has appointed John-Paul Hemingway as Chief Executive Officer (CEO) of SES Networks, effective April 5. Hemingway succeeds Steve Collar, who has officially taken on his new position as president and CEO of SES. Hemingway previously served as SES Networks’ executive vice president of product, marketing and strategy, where he was responsible for business development,...