Iridium Communications Inc. (NASDAQ: IRDM),  today announced that it had entered into an agreement to acquire Satelles, a provider of  highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems.This acquisition continues Iridium’s philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions according to the company.

The UAV Satellite Communication Market size was estimated at US$ 6.29 billion in 2023, US$ 6.58 billion in 2024, and is expected to grow at a CAGR of 6.39% to reach US$ 9.71 billion by 2030 according to new research from Research and Markets.

In the face of unprecedented global environmental challenges, the Internet of Things (IoT) has the potential to be the catalyst in driving sustainable development. Satellite IoT, a means of communicating with very remote assets and sensors, holds tremendous potential in monitoring, managing, and mitigating environmental issues. 

When I started doing research for this article on “new space,” I was spoilt for choice.  There are so many relatively new companies, with innovative products and services.  Where to begin, and how to choose which to highlight? 

North American OTT TV episode and movie revenues will reach US$ 100 billion in 2029; up from US$ 81 billion in 2023. The US will contribute US$ 16 billion from the US$ 19 billion additional revenues, with Canada supplying the rest. US revenues will be $92 billion in 2029 according to Digital TV Research.

Readers of this magazine will know that behind (or rather, above) many areas of modern life is satellite technology. 5G phone networks. Location tracking. Precision farming. Disaster prevention and response. Without satellites, next to none of this could exist or exist at the level of sophistication we enjoy now. The technology is so deeply integrated into modern life that if all the world’s satellites were to vanish tomorrow, we would be in serious trouble. And it’s why, despite the volatility of the past few years, the industry has continued to expand. In 2024, we can expect another big year.

In 2017, North Korea shocked the world by launching tests of two ballistic missiles able to cross the Pacific and strike the US.  One just missed hitting a commercial passenger flight headed for Tokyo.

The UN Security Council slapped a severe penalty on the rogue nation: a limit on the amount of fuel and crude oil it could import.  The hope was that, with no oil reserves of its own, North Korea would soon feel the pressure to change its ways.   

Except it didn’t.  Two years later, the country conducted no fewer than 20 missile tests.  What went wrong?   

In 1910 the Supreme Court of the United States found Standard Oil Company of New Jersey guilty of monopolizing the petroleum industry through a series of abusive and anticompetitive actions. The Court's remedy was to divide Standard Oil into several geographically separate and eventually even competing firms. Reacting to the size and scale of this unfavorable ruling to the company he had founded, the head of the greatest business monopoly in history, John D. Rockefeller, allegedly said, “I expected it, but did not think it would be so BIG!”

The World Teleport Association (WTA) today named Sergey Raber, COO and Director of Operations at AXESS Networks, as the 2024 Teleport Executive of the Year. The award will be presented at the 2024 Teleport Awards for Excellence Luncheon on March 19 during the SATELLITE 2024 conference in Washington, DC. The Teleport Executive of the Year award is presented to an individual for demonstrated entrepreneurship, leadership and innovation in the development or operation of a teleport-based business.

The National Association of Broadcasters today revealed a groundbreaking lineup for the NAB Show Welcome Session, taking place on the Main Stage at NAB Show, April 15 at 9:30 a.m. PST.