Abu Dhabi, UAE, June 21, 2021--Al Yah Satellite Communications Company PJSC today announces its intention to proceed with an initial public offering (IPO) of part of its existing shares and to apply for admission of all of its shares to listing and trading on the Abu Dhabi Securities Exchange (“ADX”). At least 30% of Yahsat’s issued share capital currently held by Mamoura Diversified Global Holding PJSC, a wholly-owned subsidiary of Mubadala Investment Company PJSC will be included in the Offering to individuals and other investors in the UAE (as part of the UAE retail offering) and to qualified institutional and other investors (as part of the qualified investor offering).
Tel Aviv, Israel, June 15, 2021--Spacecom, (Tel Aviv Stock Exchange: SCC), the satellite services provider and owner-operator of the AMOS satellite fleet, today announced that Hungary’s 4iG Plc., a Hungarian information technology and telecommunications company (Budapest Stock Market: 4iG Nyrt.), is negotiating to take a majority 51 percent stake in the Israel-based satellite services company.
Chicago, IL, June 15, 2021--Xenesis, Inc., an innovator in the free space optical communications (FSO) technology sector acquired a minority stake in Space Micro Inc. Through this agreement, Space Micro will become the exclusive manufacturer for componentry used in the Xenesis product line (including Xen-Hubs and Xen-Nodes) and Space Micro will also include the Xenesis devices in its product catalog and website.
Melvile, NY, June 8, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the third fiscal quarter ended April 30, 2021 and updated its financial targets for fiscal 2021. The company reported consolidated net sales of US$ 139.4 million and Adjusted EBITDA of US$ 17.7 million (or 12.7% of consolidated net sales).
Alameda, Calif., June 7, 2021--Astra announced today its planned acquisition of Apollo Fusion in a transaction valued up to US$ 145 million. Apollo Fusion manufactures a leading electric propulsion engine. This acquisition allows Astra to provide launch and space services beyond low Earth orbit (LEO), to medium Earth orbit, geosynchronous, and lunar orbits.
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New York City, NY, June 4, 2021--Depending on where you are in the world today, the light at the end of the tunnel is either welcome daylight or an oncoming train. Since it first appeared in late 2019, COVID-19 has been an unequal opportunity curse, killing many, sickening more and leaving even more of us untouched but isolated and afraid. Now that vaccines are pouring out of production facilities and into people’s arms, the inequality has actually grown, varying from nation to nation based on economic might, the capabilities of governments and national and regional culture.
New York City, NY, June 4, 2021-- The 1960s ushered in an era of human space exploration that has never been equaled. Humans traveled farther from our planet than ever before – not once but half a dozen times – and those journeys sparked the dreams and ambitions of millions. And then we stopped. We flew robots to other planets. We put satellites and space stations into orbit. But people never again answered the call to leave our planet far behind in a quest for knowledge and opportunity, to open new horizons for others to follow.
Never – until now.
Los Angeles, Calif., June 4, 2021--Many years ago, when I was part of a team considering an investment in Teledesic, one of the engineers at Hughes, produced a computer model, of what would happen if one of the satellites ran into a piece of orbital debris. The assumption was, that this would cause it to break-up, so the satellite behind would inevitably run into the fragments and similarly break-up and so on. The space equivalent of a freeway pile-up, technically known as the Kessler Effect, after the NASA scientist who first modeled this happening.
Teledesic, in common with many of the other Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) systems on the drawing board at the time, didn’t get off the ground, and general interest in space debris faded.