Tag: Satellites
FCC updates orbital debris rules for the first time since 2004
The FCC has finally gotten around to updating its 15-year-old orbital debris rules, adding new requirements and streamlining the approval process. With hundreds of satellites going up every year into increasingly crowded orbits, these rules are more important than ever. In stating the necessity for mitigating the accumulation of orbital…
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Bessemer’s Tess Hatch on the evolving aerospace market and COVID-19 adjustments
The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and investors — but the complications of the global pandemic are being felt by both. Bessemer Venture Partners investor Tess Hatch has been helping guide companies in their portfolio…
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Swarm finally gets full regulatory approval to launch its satellites
Today, the space tech startup Swarm Technologies announced that it is fully licensed to launch its commercial offering. This has been a years-long process, during which time Swarm violated FCC rules and was forced to pay a $900,000 penalty. The compa… Source
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OneWeb to file for bankruptcy as effort to securing funding, including from investor Softbank, falls through
Broadband constellation satellite operator OneWeb has officially filed for bankruptcy protection in the U.S., after attempts to secure new funding, including from existing investor SoftBank, fell through, TechCrunch has learned. The Financial Times also reported on the failure of its funding attempt on Friday, based on its own separate sources.…
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OneWeb confirms layoffs and potential launch schedule delays amid reported bankruptcy considerations
Satellite operator OneWeb has confirmed that its workforce has been reduced via layoffs, after TechCrunch learned that it reduced its workforce by as much as 10 percent this week. The company did not confirm the total size of the layoff, but provided a statement to TechCrunch regarding the current state…
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Astranis raises $90 million for its next-gen satellite broadband internet service
YC-backed Astranis has raised $90 million of new combined debt and equity funding in a Series B round led Venrock, with a sizeable contribution by existing investor (and lead of their 2018 round) Andreessen Horowitz. The funding will be used to help the company launch its first commercial satellites, which…
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