Space Business Review Special Edition – Top Ten Space Business Stories of 2016
Total Page:16
File Type:pdf, Size:1020Kb
Space Business Review Special Edition – Top Ten Space Business Stories of 2016. #1 – NGSO SYSTEMS IN VOGUE #6 – CONSOLIDATOR EXTRAORDINAIRE OneWeb secures $1.2b in Series B, including $1b SpeedCast continues to advance strategic from SoftBank, and announces Florida satellite objectives through further acquisitions, taking December 2016 factory; FCC issues NGSO spectrum sharing 70% stake in WINS Limited from Eutelsat and NPRM after OneWeb FCC filing initiates later announcing agreement to acquire CapRock CONTACTS: processing round; other constellations coming Communications from Harris Corporation, from ELSE, LeoSat, Sky and Space Global, Space supplementing earlier acquisitions of Dara A. Panahy Norway, SpaceX, Telesat and more. Elektrikom, Geolink, Hermes Datacomms, 202-835-7521 NewCom, Oceanic Broadband, Pactel #2 – LAUNCHERS ASCENDANT [email protected] International, SAIT Communications and Airbus and Safran JV, Airbus Safran Launchers, SatComms Australia. Bijan Ganji begins operations; Arianespace sets new payload 202-835-7543 and reliability records; Blue Origin soars with #7 – SPACECOM’S RESILIENCE [email protected] New Shepard test launches and Florida factory Spacecom suffers misfortune with destruction of progress; ILS announces Proton “Medium” and AMOS-6 on launch pad and then regroups, “Light” variants; Orbital ATK’s Cygnus returns to making insurance claims, adjusting its balance To learn about Milbank’s action with ISS cargo delivery; SpaceX achieves sheet, leasing AsiaSat-8 Ku-band payload and Space Business Practice, or firsts with USAF award for GPS-3 and recoveries ordering AMOS-17 satellite from Boeing; Beijing view previous issues of the of Falcon-9 first stage; Yuzhnoye coming to Xinwei Technology Group remains in discussions Space Business Review, America; S7 Group buys Sea Launch. to potentially acquire Spacecom at a reduced please visit www.milbank.com. purchase price; Facebook reaffirms its #3 – IN-FLIGHT CONNECTIVITY SURGES commitment to providing Internet in Africa The information contained Global Eagle acquires Emerging Markets despite loss of AMOS-6. herein is provided for Communications, enters new contract for informational purposes only extension of services to Southwest; GoGo inks #8 – NEWSPACE TRACTION HIGHLIGHTS and should not be construed capacity mega-deal with SES, teams up with Following $21.1m Series A, Planetary Resources as legal advice on any subject Intelsat for EpicNG and OneWeb capacity; embraced in Luxembourg with €12m direct matter. Recipients of this Inmarsat and Beijing Marine form JV for capital investment from government and total of publication should not take or refrain from taking any action connectivity solutions using Global Xpress; €13m in grants from Société Nationale de Crédit based upon content included Panasonic Avionics signs major capacity deals et d’Investissement; Planet and Spire drive ahead herein. If you do not wish to with SES; Thales Alenia and SES announce with constellation development, selecting Rocket receive this newsletter, please partnership to develop FlytLIVE Ka-band HTS Lab to provide launch services; Spaceflight closes send an e-mail to service; ViaSat scores big order from American. $25m Series B, signs up Terra Bella order for first [email protected] SSO dedicated rideshare mission. with the word “unsubscribe” in #4 – NON-ECA DEBT MARKETS STEP UP the subject line. More than $15b raised by satellite operators #9 – COMMERCIAL SATELLITE ORDERS worldwide: Eutelsat €500m bond offering; Boeing: AMOS-17, GiSAT; China Great Wall: Ka- ATTORNEY ADVERTISING. Indosat $242m in senior bonds and sukuk ijarah; band satellite for Thaicom; Lockheed Martin: Prior results do not guarantee Inmarsat $1.05b in bond offerings; Intelsat JCSAT-17; Orbital ATK: EUTELSAT 5 West B, similar results. $1.75b in senior notes; SES €1.3b in hybrid bond with payload supplied by Airbus; Surrey: Ka- © 2016 - Milbank, Tweed, offerings; Sirius XM $1b in senior notes; Telesat band satellite for Telesat; SSL: EUTELSAT 7C, Hadley & McCloy LLP. $500m in senior notes, $2.43b term loan and Intelsat 39, SXM-7, SXM-8, Ka-band satellite for $200m revolver; DISH $5b in bond offerings; Telesat; Thales Alenia: SES-17. EchoStar/Hughes $1.5b in senior notes. #10 – COMMERCIAL LAUNCHES FLOWN #5 – BALANCE SHEET BATTLES Arianespace Ariane 5: BRIsat, EchoStar XVIII, Avanti strikes refinancing deal with bondholders, EUTELSAT 65 West A, GSAT-18, Intelsat 29e, issuing more notes and deferring payments for Intelsat 33e, Intelsat 36, JCSAT-15, PerúSat-1, $242m in new liquidity; Eutelsat endures Sky Muster™ II, SkySat-4, -5, -6 and -7 micro- challenged stock price after reducing forecasted satellites, Star One D1; CGW Long March 3B: revenue; Intelsat closes $1.75b in bond offerings BELINTERSAT-1; ILS Proton: EUTELSAT 9B, and exchange offers toward refinancing of its Intelsat 31; SpaceX Falcon 9: ABS-2A, $15b in debt; SES completes acquisition of 100% EUTELSAT 117 West B, JCSAT-14, JCSAT-16, of O3b Networks and refinances its $1.2b of debt SES-9, THAICOM 8; United Launch Alliance through two hybrid bond offerings. Atlas V: EchoStar XIX, WorldView-4. Milbank.com .