Satellite fleet operator Intelsat on July 5 completed a refinancing of slightly more than 10 percent of the company’s debt.
SpaceX continues to outperform its launch cadence from earlier years, conducting its tenth successful launch this year with an expendable mission for Intelsat on July 5.
The countdown was proceeding as planned until a guidance computer triggered an abort 10 seconds before the scheduled 7:36 p.m. Eastern liftoff from Florida.
FCC Chairman Ajit Pai signaled his support for the company, saying its system "holds unique promise to expand internet access in remote and rural areas."
OneWeb says that the now near-certain collapse of its planned merger with Intelsat has by no means slowed any of the company’s progress, and that other geostationary satellite operators have already expressed interest in taking Intelsat’s place.
The debt swap was a condition of a planned investment by Japan's SoftBank as part of a merger with OneWeb announced earlier this year.
In the midst of a continuing fleet expansion, Indonesia’s state-owned telecommunications company PT Telkom is collocating one of its satellites with an Intelsat satellite over the Asia-Pacific region.
One day after the deadline passed for a debt swap Intelsat needs to ensure its merger with OneWeb — and a $1.7 billion investment from Japanese conglomerate Softbank — come to fruition, Intelsat has again extended the window for shareholders to participate to May 15.
Global satellite fleet operator Intelsat says mobility customers have become the “power users” of its first high-throughput satellites, providing reliable demand while other sectors warm to the new systems at a slower rate.
Sources said the company planned to extend the deadline for bondholders to exchange current bonds with new ones until mid-May.
The two companies would merge in a stock transaction under the agreement.
During his campaign, President Trump called for more airplanes, more ships and more soldiers, but said little about bolstering the space capabilities these forces rely upon.
European launch provider Arianespace completed the first of seven planned launches of its heavy-lift Ariane 5 rocket this year, delivering two telecommunications satellites into geostationary transfer orbit.
Satellite operator Intelsat’s second high-throughput satellite, Intelsat 33e, entered service Jan. 29 after a protracted journey to orbit caused by a thruster malfunction, but the company has not yet decided if it will file an insurance claim.