Canada increases Telesat Lightspeed investment
Original Publication Date: 2024-04-01 21:01
Canada agrees terms for a loan worth 2.14 billion Canadian dollars ($1.6 billion) Nearly half the 198-satellite network’s $3.5 billion budget. Terms also include an exchange of warrants enabling the government to buy 10% of Lightspeed.
Gilat awarded million$$ in additional SkyEdge orders – SatNews
Original Publication Date: 2024-04-02 00:00
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) has been awarded more than $13 million cumulative orders from multiple satellite operators to expand their global SATCOM networks. SkyEdge platforms play a pivotal role in enabling in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services.
Telesat + Government of Canada agree to billionC$ loan terms in support of Lightspeed – SatNews
Original Publication Date: 2024-04-02 00:00
Telesat has received a letter from Canada’s Minister of Innovation, Science and Industry regarding an investment in Telesat Lightspeed. The Government of Canada is prepared to invest C$2.14 billion in Telesat. The loan will carry a floating interest rate that is 4.75% above the Canadian Overnight Repo Rate Average (CORRA)
April 1st finally, SpaceX Starlink launches – SatNews
Original Publication Date: 2024-04-01 00:00
On Monday, April 1 at 7:30 p.m. PT, Falcon 9 launched 22 Starlink satellites to low-Earth orbit from Space Launch Complex 4 East (SLC-4E) at Vandenberg Space Force Base in California. The rescheduled launch was the 32nd Falcon 9 flight of 2024, and the 21st dedicated to building out the Starlink megaconstellation. To date, SpaceX has lofted 6,100 Starlink satellites, 5,633 of which are currently operational.
FOSSA Systems opens a subsidiary in Portugal – SatNews
Original Publication Date: 2024-04-01 00:00
FOSSA Systems has made the international leap with the firm’s first opening outside Spain. A team of highly qualified professionals will work on the development of new technologies and applications. The aerospace startup group is currently comprised of a team of 25 professionals, which is expected to double by 2025.