Coface
LEO constellation rush not a threat to Iridium, CEO says
Large constellations of satellites planned for low Earth orbit (LEO) present little threat to Iridium’s business despite sharing the same orbit, CEO Matt Desch said April 26.
Iridium raising new debt to cover late Aireon payments
A company that fleet operator Iridium formed to help finance its second-generation satellite constellation is taking longer than expected to pay Iridium back for carrying its sensor network to orbit.
Globalstar to make stock offer for $125 million
Mobile satellite services provider Globalstar announced after Wednesday’s closing bell a proposed public offering of $125 million in shares of voting common stock.
Iridium starting to deorbit legacy satellites as Next constellation comes online
Now that its first batch of next generation satellites is in orbit and operational, mobile satellite services provider Iridium is preparing deorbit procedures for its legacy fleet of low-Earth orbit satellites that launched in the late 1990s.
U.S., French export-credit agencies’ role in OneWeb remains questionable
The French export-credit agency, Coface, on Sept. 13 said it was examining the OneWeb global internet-delivery constellation with an open mind but that it remains unclear whether the agency could guarantee a large portion of OneWeb’s debt.
Will NewSat’s Failure Dim Ex-Im’s Appetite for Satellite Deals?
Satellite operators are expressing concern that the U.S. Export-Import Bank and France’s Coface might reduce their support for the satellite industry in light of the failure of start-up satellite operator NewSat of Australia.
NewSat Bankruptcy is Costly for U.S. Ex-Im Bank
A U.S. bankruptcy court’s May 22 decision to allow Lockheed Martin to cancel a satellite construction contract with a near-penniless customer — startup satellite operator NewSat of Australia — has handed the U.S. and French export-credit agencies their first satellite industry failure.
NewSat Seeks Bankruptcy Protection
Startup satellite operator NewSat Ltd. of Australia on April 16 filed for bankruptcy protection from creditors, with its executive team stripped of control and bankruptcy managers immediately asking for a restraining order against NewSat’s creditors.
