New research by Inmarsat reveals a rapid increase in the maturity level of organizations adopting the industrial Internet of Things (IoT) since the start of the Covid-19 pandemic. Respondents drawn from multiple industries also reported that Covid-19 has demonstrated the importance of IoT to their businesses, with many accelerating IoT deployments in response to the pandemic.

OneWeb, the low Earth orbit (LEO) satellite communications company, announced today that it has completed its acquisition of Texas-based TrustComm Inc., a provider of managed satellite communications and professional services to commercial and governments organizations. OneWeb announced the planned acquisition of TrustComm in May 2021 and received all necessary regulatory approvals enabling the transaction to close.

Following consummation of this transaction, TrustComm will become known as OneWeb Technologies Inc, a wholly owned subsidiary of OneWeb.

In its flagship report on the Satellite Connectivity and Video Market, leading international consulting and market intelligence firm, Euroconsult projects the market value to double between 2020 to 2030. Driven primarily by non-geostationary orbit (NGSO) satellite constellations, by 2030, the satellite connectivity and video market is projected to exceed US$ 20 billion.

Seraphim Space Investment Trust plc (LSE: SSIT) announced the acquisition of the holding of Arqit Quantum Inc. from the Seraphim Space LP (Seraphim Space Fund) . As set out in the IPO prospectus, Seraphim Space will acquire four assets from the Seraphim Space Fund for newly issued ordinary shares in the Company. This acquisition represents the second of those transactions to complete.

The Russian Satellite Communications Company (RSCC) and an international service provider Hunter Communications have put in place communication channels to monitor the earth's seismic activity. High-precision seismometers are installed in a number of regions of Yakutia, transmitting data via the Express-AM5 communications and broadcasting satellite located in geostationary orbit at 140° E.

The National Association of Broadcasters, the organizers of the annual NAB show in Las Vegas announced today that it is canceling the live event scheduled to be held from October 10-13.  While the live event will no longer be held, the NAB kept open options for virtual content through  NAB Amplify.

The NAB issued the follwing statement today:

iKO Media Group, a leading global end-to-end service provider for broadcasters and content owners, announced two key executive appointments. Mark Berenshtein has been appointed Vice President of Global Sales - North America & Special Accounts and Ayellet Bar as Marketing Director at iKO Media Group.

Spire Global, Inc. (NYSE: SPIR), a provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarth’s Enterprise Value to LTM revenue.

NSR’s Quantum Communications via Satellite (QCvS) Report, launched today, finds the potential to deliver unlimited security boosting satellite-based quantum communications to a revenue opportunity of US$ 2.6 Billion by 2030 with Banking, Energy, and Goverment/Military as the primary target markets for services adoption.

Boeing [NYSE: BA] today released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry's recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook (BMO) – Boeing's analysis of long-term market dynamics – states that commercial airplanes and services are showing signs of recovery, while the global defense, space and government services markets have remained stable.