Technological advancements have expanded the utilization of satellite services in almost every facet of everday life. Market players have collaborated with other players to offer better services to their customers in terms of speed, reliability, and flexibility.  The demand for satellite services is increasing with its application in various areas. According to the report published by Allied Market Research, the global satellite services market is estimated to reach US$ 144.5 billion by 2026. Following are some the activities taking place across the world. 

Spire Global and NavSight Holdings, a special purpose acquisition company, today announced they have entered into a definitive merger agreement for a business combination that would result in Spire becoming a publicly listed company.

Rocket Lab USA, Inc. a provider of launch and space systems, and Vector Acquisition Corporation (Nasdaq: VACQ) a special purpose acquisition company backed by technology investor Vector Capital, announced today that they have entered into a definitive merger agreement that will result in Rocket Lab becoming a publicly traded company. The transaction is estimated to be completed in Q2 2021 and, at that time, Vector will change its name to Rocket Lab USA, Inc. and the combined company will trade under the Nasdaq ticker symbol RKLB.

Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, today announced the appointments of  Doug Ahrens as Chief Financial Officer (CFO), Swami Iyer as President of Aerospace Systems and Stephen Justice as its Vice President of Engineering.

Doug Ahrens is a seasoned executive with over 20 years of significant global experience managing financial operations and strategy at public and privately-held companies within complex technology manufacturing environments, including rapidly growing companies.

AXESS Networks, a global provider of satellite-based communications solutions, contributes to the development and implementation of the Unified Communication Services Manager (UCSM), a procurement platform for satellite services that supports governmental satellite communication requirements and intends to simplify the purchasing process. The project and contract are carried out under a program of and funded by the European Space Agency (ESA).

The satellite connectivity industry analysis projects the market to have significant growth of CAGR of 13.09% based on the values during the forecast period from 2020 to 2027 according to new research from Research and Markets. The market is projected to reach US$ 84.88 Bil. by 2027.

Inmarsat announced that Rajeev Suri, former Nokia CEO, will assume the role of CEO and become a director of Connect Bidco Limited, the holding company for Inmarsat, from 1 March 1, 2021. Rupert Pearce will step down as CEO as of February 28, 2021.

Ursa Space Systems today announces the appointment of Nicole Robinson as its President. Alongside current CEO and co-founder, Adam Maher, Robinson will continue expanding Ursa Space’s commercial and government business relationships on a global scale.

Craig Clark has decided to leave AAC Clyde Space where he has been Chief Strategy Officer (CSO). Craig has held the position since 2018 when AAC merged with Clyde Space to form AAC Clyde Space.