Intelsat applied for Chapter 11 On May 13th, major satellite communications service company – Intelsat announced that it has applied for company rehabilitation proceedings under Section 11 of the US Bankruptcy Code (Chapter 11). By applying for Chapter 11, Intelsat seems to want to eliminate half of its $ 15… Read More »Intelsat applied for Chapter 11 & OneWeb announces frequencies auction
Infostella Co., Ltd., which is involved in the development of the ground station sharing platform ” StellarStation ” for satellites , announced to complete another round of funding. In addition to existing investors – Airbus Ventures and Sony Innovation Fund, the other companies such as Daiwa Energy Infrastructure Co., Ltd.,… Read More »Infostella raises new funding
Origin Space signs contract with satellite manufacturer for optical telescope development Origin Space, a start-up company from Shenzhen, China, has announced that it has signed a contract with DFH Satellite to develop an optical space telescope. Origin Space was established in 2017 with the aim of mining mineral resources from… Read More »Satellite industry in April (Part 2)
Read our monthly briefing on satellite industry developments. Assure Space decided to cancel satellite collision insurance amid growing risks of pay out Assure Space is an insurance company established in 2011 to provide insurance for space industry players. Since 2016 it has been operating as a part of AmTrust, a… Read More »Satellite industry in April