Space Business Review A monthly round-up of space industry developments for the information of our clients and friends. October 2019 Contact | Dara A. Panahy, +1 202.835.7521,
[email protected] | Bijan Ganji, +1 202.835.7543,
[email protected] Relativity Concludes Major Series C Round Telesat Closes $550m Notes Offering On October 1, Relativity Space Inc. (Relativity) announced that On October 11, Telesat Canada (Telesat) announced that it it raised $140m through a Series C investment round led by closed an offering of $550m in aggregate principal amount of new investors Bond and Tribe Capital, with participation from 6.5% senior notes due 2027. Telesat used the net proceeds existing investors Playground Global, Y Combinator, Social from the offering to redeem its $500m aggregate principal Capital, Mark Cuban and other individual investors, bringing to amount outstanding of 8.875% senior notes due 2024. $185m the total amount of capital raised by the company to Eutelsat Selects Thales for EUTELSAT 10B date. According to Relativity, the new funding will enable the company to complete development of its Terran 1 launch On October 29, Eutelsat Communications S.A. announced that vehicle and commence commercial operations in early 2021. it selected Thales Alenia Space to manufacture the all-electric EUTELSAT 10B satellite based on the Spacebus NEO satellite October M&A Round-Up platform. Scheduled for launch in 2022, EUTELSAT 10B will October 25 – EchoStar Corporation announced that its provide mobile connectivity services from 10°E. subsidiary EchoStar Global L.L.C. acquired Helios Wire October Launch Missions and Orders Corporation, a Canadian satellite IoT connectivity provider that holds global S-band MSS spectrum rights.