New York City, January 7, 2022-- A man receives a telegram reporting the death of his mother-in-law and asks for instructions. He immediately replies back: “Embalm, cremate, bury at sea. Take no chances!” One defining feature of the space and satellite industry is that it knows how to take risks but does not take chances.
Long Beach, Calif., December 28, 2021--NextGen Acquisition Corp. II (NASDAQ: NGCA) ) stockholders today approved the previously-announced business combination with Vieco USA, Inc., the parent company of Virgin Orbit, at a special meeting of stockholders held today. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.
We're finally near the end of 2021 and for most people, it couldn't come fast enough. It's been a very challenging year not only for the satellite industry but for pretty much the global economy.
Singapore, December 8, 2021-ST Engineering today announced that its Corporate Venture Capital unit, ST Engineering Ventures Pte Ltd led a US$ 30 million Series A round in Israel-based hiSky Ltd., a developer and provider of affordable and agile satellite Internet of Things (IoT) networks and solutions, with participation from SDF (Strategic Development Fund), the investment arm of Tawazun Holding, and hiSky’s existing shareholders.
In the Terminator films, an artificial intelligence system called Skynet is put in charge of the US nuclear deterrent. After some consideration, it reaches the not-unreasonable conclusion that human beings are dangerous. Cue Armageddon, followed by a long mopping-up operation to ensure that humans will never pose a threat to a world now run by machines.
As I began writing this column news was filtering over media about the decision of the World Health Organization to designate the latest mutations to the spike protein of the Sars-Cov-2 virus as a “variant of concern”, and to use the Greek letter Omicron to name it (rather than the original designation of B.1.1.529). Thanks to the skills of scientists at South Africa’s Medical Research Council Genomics Centre the exact sequencing of the new variant was speedily completed and its details promulgated quickly to their colleagues in sister agencies around the world.
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Denver, Colo., December 2, 2021--Rocket Lab acquires space hardware company Planetary Systems Corporation (“PSC”). Crux CFO Advisors was the exclusive financial advisor in the transacation.