In December, Cloud Constellation was finalizing receipt of a $100 million investment that would help the startup deploy a ring of secure data-storage satellites in low Earth orbit. By spring, Cloud Constellation had walked away from the deal, citing a review by the Committee on Foreign Investment in the United States, or CFIUS, as one of the reasons.
ILS Proton launch delayed • Colombian, German teleport operators merge • Telespazio, Cloud Constellation partner
International Launch Services said Sept. 24 that the Proton launch was postponed because of "an issue encountered during electrical testing."
Cloud Constellation CEO Cliff Beek said LeoStella, a joint venture of Thales Alenia Space and Spaceflight Industries, beat Northrop Grumman on price, among other factors.
A startup designing a constellation of orbiting cloud data centers has arranged a $100 million investment from Hughes China Holdings Company Limited (HCH Group) of Hong Kong.
Sending data to and from different spots on Earth is big business for satellite operators, but Cloud Constellation sees a lucrative opportunity to offer satellites as the ultimate cloud storage solution for sensitive data.