Posted inNews

Jeffrey Epstein, Chief Executive Officer, TerreStar Corp.

Start-up mobile satellite services operator TerreStar Corp. ought to be able to breathe more easily with the successful July 1 launch and — so far — successful testing of its large TerreStar-1 satellite and its 18-meter-diameter S-band reflector antenna. Its second satellite, TerreStar-2, is already funded and construction well under way. But the mobile satellite services sector is not a normal business, and today’s financial markets are not in their normal state. Reston, Va.-based TerreStar, in short, is not out of the woods.