Gogo says the larger loss it took last quarter, largely for financing airline customers’ 2Ku satellite antenna installations, will pay off meaningfully as those customers start generating revenue.
Travel bans barring passengers from bringing laptops and tablet computers onboard airplanes aren’t much cause for concern for satellite operators who provide airlines with internet connectivity, executives said May 25, but protecting those devices from hackers and cyber criminals is.
SmartSky Networks, a startup building cellular towers for in-flight connectivity — a market coveted and dominated by satellite operators — says it is fully funded to build out ground-based network thanks to a new $170 million Series B funding round.
A six-year-old company headquartered near Charlotte, North Carolina’s busy international airport raised $66 million this February as it nears completion of an air-to-ground network of 250 cellular towers. When finished, those towers will point close to 20,000 beams at passenger planes crossing the continental United States.