satellites

SpaceX is expanding the beta testing of its Starlink satellite network that will offer internet service from space. Strong performance from the company could lead to an IPO of the satellite division. What Happened: Starlink has widened the public beta testing for its satellite internet service,...

The two richest people in the world and prominent leaders of publicly traded companies — Amazon Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA) — are engaged in a public fight over the control of satellites. What Happened: SpaceX is working to convince the FCC that its Starlink...

Another space-related SPAC deal was announced Wednesday morning, with space mobility company AST & Science LLC announcing a merger. The SPAC Deal: AST announced it's merging with New Providence Acquisition Corp (NASDAQ: NPA). The deal is being done at a post-transaction enterprise valuation...

The United States Department of Defense's Space Development Agency (SDA), on Monday, awarded two contracts to build the first generation Tracking Layer for its National Security Space Launch (NSSL) program. What Happened: Elon Musk's Space Exploration Technologies Corp., better known...

Intelsat SA (NYSE: I) has filed for bankruptcy protection and obtained a commitment of $1 billion in debtor-in-possession financing to help it participate in an upcoming federal airwave auction in December. What Happened The satellite operator, which is saddled with a debt of $14.5...

Iridium Communications Inc (NASDAQ: IRDM) commenced its NEXT satellite services in early February and already has hundreds of subscribers on the new network. The company can grow revenue, EBITDA and FCF by adding new NEXT products and services, according to Raymond James. The Analyst Ric Prentiss...

  Luxembourg-based satellite operator SES believes the next generation of units, currently under construction for launch in 2021, will prove to be a disruptive technology in the satellite communications field, improving services, expanding the number of users and reducing overall costs for...