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.

Infostellar is continuing to raise additional funds, and this round is scheduled to be closed by June 2020.

Euroconsult announched that the World Satelltie Business Week (WSBW) has been rescheduled to November 9-12, 2020.  Original shceduled to be held in Paris in September, the organizers cited the "ongoing related dynamics" as a result of the global COVID-19 pandemic as one the reasons for the postponement.

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.

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. 

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.

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. 

NAB Show’s new digital experience, NAB Show Express, will take place May 13 - 14, 2020. The dynamic platform is free and designed to engage the NAB Show community by offering 24-hour access to premium content curated and customizable for the global media and entertainment community. NAB Show Express offers three unique educational channels, on-demand content and an exclusive Solutions Marketplace featuring exhibitor product information, announcements and demos. 

Maxar Technologies today announced it has closed the sale of MDA, previously a wholly owned subsidiary of the company, to a consortium of investors led by Northern Private Capital for CAD$1 billion. Net proceeds, including customary adjustments, and after application of currency hedges related to the transaction is expected to be approximately US$729 million.

The global COVID-19 pandemic that is making shockwaves through every industry in the world will have a significant impact on the satellite industry. Even the most optimistic projections indicate that the restrictions on movement, travel and public events will continue to be in place for at least the next two months in most of the world.  With more than half of the world and nearly 90 percent of the US and Europe in lockdown, the very strength and resilience of the industry will  be put to the ultimate test.

Most of the attention surrounding the early success of the SES Networks’ MEO constellation and the pending arrival of LEO constellations has focused skyward.  It is all about the satellites and their orbits, interference with GEO and the economic potential and risks of delivering global coverage to a planet that is 70% covered by water.