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Space Business Review A monthly round-up of developments for the information of our clients and friends.

July 2018 AGREES TO INVEST IN LEOSAT JULY LAUNCH SERVICES On July 10, HISPASAT Group (Hispasat) July 22 – Technologies announced that it entered into an agreement Corp. (SpaceX) successfully launched the Telstar CONTACTS: with LeoSat Enterprises, Inc. (LeoSat) whereby 19 VANTAGE for Telesat on a Hispasat will make an equity investment in Falcon 9 launch vehicle and recovered the Dara A. Panahy LeoSat. Hispasat will be joining SKY Perfect launch vehicle’s first stage on the “Of Course I 202-835-7521 [email protected] JSAT Corporation (JSAT) as a strategic investor. Still Love You” droneship in the Atlantic Ocean. LeoSat is currently developing a constellation of Manufactured by SSL and equipped with spot Bijan Ganji low-Earth-orbit communications with beams in Ku- and Ka-bands, Telstar 19 202-835-7543 the aim of providing the first commercially VANTAGE will provide coverage of the Americas [email protected] available, business grade, very high-speed and and the Atlantic from the 63°W orbital position secure global satellite-based data service. to support bandwidth-intensive applications in

Financial details of the investment were not the consumer, enterprise and mobility markets.

To learn about Milbank’s announced but, according to LeoSat, Hispasat July 25 – SpaceX successfully launched another Space Business Practice, or and JSAT both purchased the same equity batch of 10 Iridium NEXT satellites for Iridium view previous issues of the instrument and will have the same rights. Communications Inc. on a Falcon 9, bringing to 65 the total number of Iridium NEXT satellites Space Business Review, TELESAT SELECTS THALES AND MAXAR please visit www.milbank.com. launched by SpaceX to date. Following stage On July 30, Telesat Canada (Telesat) announced separation, SpaceX successfully landed the that it selected Thales Alenia Space (Thales) and The information contained Falcon 9’s first stage on the “Just Read the herein is provided for Ltd. (Maxar) for Telesat’s Instructions” droneship in the Pacific Ocean but informational purposes only System Design and Risk Management Project, was not able to recover the payload fairings due and should not be construed under which Thales and SSL, a subsidiary of to high wind shears. Thales Alenia Space and as legal advice on any subject Maxar, will collaborate as a consortium to further Orbital ATK Inc. are the manufacturers of the matter. Recipients of this develop and submit a proposed end-to-end Iridium NEXT satellites, as prime contractor and publication should not take or system design for Telesat’s planned low-Earth- refrain from taking any action subcontractor for production, respectively. A orbit , including satellites, based upon content included final batch of 10 satellites remains to be launched gateways, user terminals, operations centers and herein. If you do not wish to by SpaceX – later this year, per current ground network. Currently expected to receive this newsletter, please expectations – to complete the 75-satellite commence service in 2022, the constellation will send an e-mail to Iridium NEXT constellation. [email protected] consist of 117 satellites and will serve government July 26 – S.A. successfully with the word “unsubscribe” in and commercial customers globally, including launched four satellites – numbers 23, 24, 25 and the subject line. air-, sea- and land-based users and users in rural 26, each manufactured by prime contractor OHB and remote areas, with multiple terabits of © 2018 - Milbank, Tweed, System AG – for ’s Galileo secure, low-latency throughput competitive with Hadley & McCloy LLP. constellation on an launch vehicle. fiber. Telesat expects to select a prime contractor July 26 –Virgin Galactic, LLC conducted the for manufacture of the constellation’s ground third powered test flight of its second segment and space segment, as well as system SpaceShipTwo suborbital vehicle, known as VSS integration, by mid-2019. Unity, setting new speed and altitude records. MDA ACQUIRES NEPTEC DESIGN July 28 – successfully launched two On July 16, MDA, a subsidiary of Maxar Beidou satellites – the 33rd and 34th of the 35 Technologies Ltd. (Maxar), announced that it active satellites planned to complete the Beidou acquired Neptec Design Group Ltd. (Neptec), a global navigation and positioning system by leading space sensors company in Canada and 2020 – on a Long March 3B launch vehicle. the , for CA$42m, consisting of July 30 – China successfully launched the CA$8m in cash and CA$34m in Maxar common Gaofen-11 sub-meter resolution optical satellite shares. Neptec focuses on electro-optical and on a Long March 4B launch vehicle, marking electro-mechanical systems and high- China’s 22nd launch this year and equaling the performance intelligent light detection and country’s record total set in 2016. Manufactured ranging (LIDAR). MDA plans to integrate Neptec by China Science and Technology into the newly-formed MDA Commercial Corporation for the China High-resolution division and to leverage Neptec’s capabilities to Earth Observation System, Gaofen-11 will be deliver end-to-end robotic systems and an used for agriculture, land surveys, road network expanded set of solutions. design, urban planning and disaster relief.

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