The Space sector has seen a record-breaking number of Special Purpose Acquisition Company (SPAC) deals announced in the first quarter of 2021, worth more than US$ 7 Billion collectively. Research conducted by Seraphim Capital reveals that the ‘SpaceTech’ industry has become one of the most sought-after markets for SPAC mergers.

In its latest report, titled Prospects for Maritime Satellite Communications,” Euroconsult, the world’s leading authority on space and satellite-based applications markets, quantifies the heavy impact of the Covid-19 pandemic on satellite services for the maritime market. With in depth detail on maritime communications market dynamics today and over the next ten years, the research highlights coming opportunities for consolidation and how non-geostationary orbit (NGSO) satellite constellations will change the playing field.

Satellite operator Eutelsat Communications (Euronext Paris: ETL) has entered into an agreement with OneWeb for the subscription of approximately 24% equity stake, becoming a leading shareholder of the company alongside the UK Government and Bharti Global. Eutelsat will invest US$ 550 million in OneWeb, with closing expected in H2 2021 subject to regulatory authorizations.

ST Engineering iDirect, a global leader in satellite communications, has been selected by a Tier 1 mobile network operator (MNO) in Latin America to extend the ground infrastructure for its upcoming satellite which is slated for launch in late 2021. The network expansion will deliver 3G, 4G and corporate internet services across Brazil, with the potential to expand into other regions.

Global revenues from OTT TV episode and movies will reach US$ 210 billion in 2026; up from US$ 106 billion on 2020 according to new research from Digital TV research. About US$ 23 billion will be added in 2021 alone.

IBC today set out more details around its plans to bring the content and technology industry together again to discover the future of media and do business face to face. The world’s most inspiring content and technology event is set to lead the way in a new era of inclusive hybrid events, enabling the industry to engage and discover together, whether physically onsite in Amsterdam or online at home.

The Minister of Education of Honduras, Arnaldo Bueso, the Spanish Ambassador in Honduras, Guillermo Kirkpatrick, and HISPASAT’s Chief Commercial Officer, Ignacio Sanchis, inaugurated yesterday the connectivity and remote education service donated by the Spanish satellite telecommunications operator of the Red Eléctrica Group to 15 schools and rural communities in the country with a visit to a school in the department of Comayagua.

NSR’s Moon Markets Analysis report, launched today, forecasts 140 Moon Missions launching over the next decade to generate US$ 42.3 Billion. As budget announcements with approved appropriations roll out and the ARTEMIS program commits to the first woman, and next man, on the moon by 2024, the major growth areas include orbital and surface infrastructure building.

The organizers of CABSAT 2021 announced ahat after consultation with their key stakeholders, that a special edition of CABSAT – the region's leading media, entertainment and satellite event, shall take place on 26 - 28 October 2021 at Dubai World Trade Centre EXPO 2020.

Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the first quarter of 2021 and reiterated its full-year 2021 outlook. Net loss was US$ US 5.2 million, or $0.04 per diluted share, for the first quarter of 2021, as compared to net loss of US$ 31.7 million, or $0.24 per diluted share, for the first quarter of 2020. This decrease in net loss was primarily the result of the absence of debt extinguishment costs, which were incurred in the year ago period with Iridium’s refinancing of its senior unsecured notes.