Tag Archives: eutelsat

The LEO operator OneWeb received a $500 million injection from its large shareholder Bharti, totalling its secured funding to $2.4 billion, the company said. Bharti exercised a call option under the existing shareholders’ agreement to invest an additional $500 million, and will then hold 38.6% of the company, it said.

The smallsat manufacturer LeoStella delivered its first satellite to Loft Orbital Solutions, a payload service company, for a rideshare launch on Falcon 9 from Cape Canaveral, the company said. LeoStella delivered the “Yet Another Mission-3” (YAM-3) satellite, the company said.

The European commissioner for internal market, Thierry Breton, does not see Eutelsat involved in the European broadband satellite constellation due to its investment in OneWeb, the FT reports. “I do not see how, structurally, an entity can have stakes in two competing projects,” the FT quotes Breton.

One for Eutelsat, one for Atos: the satellite operator said it was chosen by Global Eagle to increase its mobility capabilities over North America. Under this multi-year agreement, Eutelsat provides Global Eagle for its entire North-American coverage with extensive additional capacity to augment the company’s connectivity services for mobility customers, Eutelsat said.

The space SPAC market took a breather in April, with no announced transactions, but we did have a traditional IPO (remember those?) by MDA in Canada. SpaceX and OneWeb also helped pick up the slack and together raised more money than last month’s three SPAC transactions combined, without even counting Astranis’s US$250 million round.

Return to flight: Arianespace launched its 18th Vega mission (VV18) with Airbus’ Pleiades Neo 3 on board, the company announced yesterday. The mission marks Vega’s return to flight, Arianespace said, and was also the second successful launch by Arianespace’s teams in less than 72 hours.

Luxembourg, 28 April 2021. – Eutelsat invests in OneWeb and acquires a 24% stake for $550 million, “becoming a leading shareholder of the company alongside the UK Government and Bharti Global”, Eutelsat announced. OneWeb will operate 648 satellites in low Earth orbit (LEO), offering “significant” regional coverage by the end of 2021 and global coverage in 2022, Eutelsat said.

The space industry has been undergoing a metamorphosis propelled by an unprecedented paradigm shift induced by innovative technologies, new investment philosophy, and competitive politico-economic trends.

Eutelsat orders Airbus Eurostar Neo for its 36D spacecraft

Eutelsat to develop, host and operate EGNOS GEO-4