It’s been 20 years since the last big round of satellite bankruptcies. With Intelsat, OneWeb, Speedcast, and Global Eagle filing for bankruptcy, and several others teetering, 2020 will be known as the new year of reckoning for many satellite companies.
Tracking and avoiding the growing debris field in low Earth orbit was clearly on the minds of speakers on the first day of the Satellite Innovation 2020 conference.
Satellite operators believe direct-to-home television broadcasting will continue to be a strong business globally despite weakness in the United States and, to a lesser extent, Europe.
The primary markets for Airbus U.S. Space & Defense are military aircraft, geospatial intelligence and satellites.
OneWeb received permission from a U.S. bankruptcy court Friday to pay its satellite vendor to resume building spacecraft for the company’s broadband megaconstellation.
The British government and Indian mobile network operator Bharti Global placed a winning bid to acquire OneWeb, a broadband megaconstellation startup that filed for Chapter 11 bankruptcy protection in March after running out of funding, OneWeb said July 3.
With OneWeb’s drive to cover the globe with hundreds of mass-produced satellites halted by last month’s Chapter 11 filing, some of the bankrupt megaconstellation’s component suppliers are looking to repurpose the investments they made in expanded manufacturing capabilities.