satellites

Billionaire Richard Branson‘s commercial space satellite venture Virgin Orbit Holdings Inc. (NASDAQ:VORB) is reportedly working with two restructuring firms on fallback plans for its insolvency days in the event that it cannot secure new funding. What Happened: Virgin Orbit, the sister...

Elon Musk‘s SpaceX on Thursday confirmed the successful launch of 40 OneWeb satellites from Cape Canaveral Space Force Station in Florida. What Happened: “Falcon 9 launches 40 @OneWeb satellites to orbit, first stage booster returns to Earth” SpaceX tweeted. The lift-off took...

Scientists from NASA Jet Propulsion Laboratory and University of Plymouth, among others, have called for a legally-binding treaty to ensure protection of the Earth’s orbit from the negative impacts of space industry’s rapid growth. What Happened: In a recent article published in the...

Leading technology company Qualcomm Inc (NASDAQ: QCOM) announced the launch of a new product at CES 2023 Thursday. Here are the details on Snapdragon Satellite. What Happened: Qualcomm has shown off several new products and partnerships at CES 2023, held this week in Las Vegas. On Thursday, the...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Monday SpaceX has secured over 250,000 user terminals for its high-speed, satellite-based internet service Starlink. What Happened: The world’s richest person tweeted the milestone to his large fan base on Monday. The billionaire entrepreneur...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX on Thursday successfully completed its second orbital launch of the year aboard the reusable Falcon 9 rocket to lift 105 small satellites to orbit for rideshare customers. What Happened: The two-stage Falcon 9 launched the Transporter-3 rideshare...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX said on Wednesday it plans to launch another 49 Starlink satellites to low Earth orbit from the launch site at the John F. Kennedy Space Center in Florida. What Happened: Falcon 9, a partially reusable rocket designed by SpaceX to transport people...

A leading developer of small satellites is going public via a SPAC merger announced Friday morning. The SPAC Deal: Terran Orbital is merging with Tailwind Two Acquisition Corp (NYSE: TWNT) in a deal valuing the company at a pro forma equity value of $1.58 billion. A PIPE of $50 million...

Apple Inc (NASDAQ: AAPL)’s plans to bring satellite capabilities in future iPhones will be limited to emergency situations, Bloomberg News reported on Monday, citing a person familiar with the matter. What Happened: The Cupertino, California-based technology giant is developing at least two...

What's Moving: Globalstar Inc (NYSE: GSAT) shares are trading about 30% higher at $1.86 in the pre-market session on Monday. The Covington, Louisiana-based satellite communications company's shares last closed 5.9% higher at $1.43 on Friday. Why Is It Moving: GSAT shares are...

SpaceX and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Friday took yet another potshot at Amazon.com Inc (NASDAQ: AMZN) founder and the billionaire space venture rival Jeff Bezos. What Happened: Musk was responding to a post on Twitter that cited the growing rivalry between Musk and Bezos and said...

Sir Richard Branson's Virgin Orbit, a launch and space solutions company, announced Monday it has entered into a definitive agreement to become a publicly-traded company through the SPAC route. The company also said the Boeing Co (NYSE: BA) is among its PIPE investors. What Happened:...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-led high-speed, satellite-based internet service Starlink, a unit of SpaceX, could churn more than $20 billion of cash flow a year, provided it survives the early years, according to Cathie Wood-led Ark Investment Management. What Happened: The popular...

The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies in similar industries that went public or are going public via SPAC. A battle held June 17 featured Virgin Galactic Holdings Inc (NYSE: SPCE) versus BlackSky, a company merging with...

A satellite company working to create searchable earth and remap the globe is going public with a SPAC merger announced Tuesday. The SPAC Deal: Satellogic announced a SPAC merger with CF Acquisition Corp V (NASDAQ: CFV) valuing the company at a pro forma enterprise value of $850 million. The merger...