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☆ Amazon’s space dreams deserve to be grounded
▼ + stars: | 2023-12-01 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

Founder, Chairman, CEO and President of Amazon Jeff Bezos unveils his space company Blue Origin's space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne - RC153E11B8F0 Acquire Licensing RightsNEW YORK, Oct 16 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) Project Kuiper is a misguided technological marvel. A recent U.S. government report warned that space junk from currently planned networks could start regularly falling back to Earth by 2035. Facing an uncertain payoff and the possibility that its efforts will burn up on reentry, Amazon’s best move is bowing out of a futile space race. The $1.3 trillion technology company plans to eventually launch over 3,200 satellites into low-earth orbit to provide high-speed internet globally.

Persons: Amazon Jeff Bezos, Clodagh, Jeff Bezos, SpaceX’s, Andy Jassy, Bill Gates, SpaceX honcho Elon Musk, OneWeb, Jonathan Guilford, Sharon Lam, Aditya Sriwatsav Organizations: Amazon, REUTERS, Reuters, SpaceX, Reuters Graphics Reuters, Kuiper, Eutelsat Communications, Origin, Thomson Locations: Washington , U.S, Bezos, China

☆ Eutelsat OneWeb gets Indian go-ahead for satellite broadband services
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 21 (Reuters) - Eutelsat (ETL.PA) subsidiary Eutelsat OneWeb said on Tuesday it had won approval from India's space regulator to launch commercial satellite broadband services in the country. Prime Minister Modi's government, which is heading for elections next year, is pushing the development of India's space industry. Investors poured $119 million into Indian space startups in 2022, up from a total of just $38 million in all the years up to 2017. In March, OneWeb partnered with Indian Space Research Organization (ISRO) to launch 36 satellites. Amazon's Project Kuiper (AMZN.O) has also been in talks with regulators to offer satellite broadband services in India, the Economic Times newspaper reported last month.

Persons: Eutelsat OneWeb, Modi's, Sunil Bharti Mittal, Eutelsat, Mittal's, Mittal, OneWeb, Elon Musk's Starlink, Nivedita, Kanjyik Ghosh, Alexander Smith Organizations: Mittal's Bharti Enterprises, Airtel, Indian Space Research Organization, ISRO, Reuters, Ambani's, Economic Times, Thomson Locations: BENGALURU, India, Bengaluru

☆ Starlink achieves cash-flow breakeven, says SpaceX CEO Musk
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 2 (Reuters) - SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven. In 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable. Starlink has been in the spotlight since last year as it helps provide Ukraine with satellite communications key to its war efforts against Russia. SpaceX is valued at about $150 billion and is one of the most valuable private companies in the world.

Persons: Elon Musk, Nacho, Musk, Starlink, Chavi Mehta, Joey Roulette, Shinjini Organizations: SpaceX, Mobile World Congress, REUTERS, Viasat, Russia, NASA, Wall Street, Thomson Locations: Barcelona, Spain, Ukraine, Gaza, Bengaluru, New York

☆ Russia moved one of its satellites uncomfortably close to a French one, possibly to spy on it: report
▼ + stars: | 2023-10-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Russia moved close to a satellite which some think is Eutelsat's 3B craft, analysts said. It follows a pattern of Russian behavior in space that has prompted security concerns. AdvertisementAdvertisementRussia moved one of its satellites uncomfortably close to France's Eutelsat 3B communications satellite, possibly to spy on it, according to reports. AdvertisementAdvertisementEutelsat's 3B satellite provides broadband, data, telecom, and video services across Europe, Africa, the Middle East, Central Asia, and South America. Luch-5-X/Olymp K-2 isn't close enough to crash into the unnamed commercial satellite.

Persons: —, Audrey Schaffer, TJ Kouri, Schaffer, it's, spacenews.com, Olymp, Michael Clont Organizations: Service, intel, Aerospace, Breaking Defense, Airbus, National Security Council, Analysts, Intelsat, Strategic International, Space Locations: Russia, Russian, France, Europe, Africa, East, Central Asia, South America, Eutelsat's, Ukraine

☆ Amazon launches its first internet satellites as Jeff Bezos looks to rival SpaceX's Starlink
▼ + stars: | 2023-10-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The first two satellites for Amazon's Project Kuiper internet service were launched on Friday. AdvertisementAdvertisementAmazon launched its first two satellites into orbit on Friday in a challenge to Elon Musk's Starlink internet service. AdvertisementAdvertisementThe launch was delayed from late 2022 after changes were made to the rocket-delivery system used to launch the satellites. United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's space internet network. Thank you to all of our customers around the world 🛰️🌎❤️ → https://t.co/D6L8BSisQq pic.twitter.com/jVfWTEfHkz — Starlink (@Starlink) September 23, 2023Satellite internet networks bring faster connectivity to rural communities, bridging the digital gap.

Persons: Elon Musk's Starlink, —, Elon Musk's, Rajeev Badyal, Elon Organizations: Service, Atlas, United Launch, Kuiper, United Launch Alliance, V, Anadolu Agency, SpaceX

☆ Amazon launches first test satellites for Kuiper internet network
▼ + stars: | 2023-10-06 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

A United Launch Alliance Atlas 5 rocket emblazoned with the Amazon logo lifted off from Cape Canaveral shortly after 2 p.m. Eastern time (1800 GMT), carrying the two Kuiper test satellites, a long-awaited mission Amazon initially had intended to launch using different rockets. In the days leading up to the launch, Amazon divulged few specifics about the two satellites, which were built at its satellite plant in Redmond, Washington. Amazon has vowed to invest $10 billion into its Kuiper project, which was announced in 2019, the year SpaceX began deploying its first operational Starlink spacecraft. The market for broadband internet service from low-Earth orbiting satellites is viewed as being worth up to tens of billions of dollars in the next decade. Like SpaceX, Amazon aims to target individual consumers and enterprise customers with Kuiper, pulling from its devices playbook to build consumer terminals at a company cost of $400 each - though it has not yet announced prices.

Persons: SpaceX's Starlink, Elon, Canada's, Jeff Bezos, Joey Roulette, Chris Reese, Will Dunham 私たち Organizations: United, Alliance, Cape Canaveral Space Force, SpaceX, United Launch Alliance, Boeing, Lockheed, Amazon Locations: Cape Canaveral , Florida, U.S, 読む WASHINGTON, Florida, Cape Canaveral, Redmond , Washington

CAPE CANAVERAL, Fla. (AP) — Amazon launched the first test satellites for its planned internet service on Friday as a rival to SpaceX’s broadband network. United Launch Alliance’s Atlas V rocket blasted off with the pair of test satellites, kicking off a program that aims to improve global internet coverage with an eventual 3,236 satellites around Earth. SpaceX flew its first test Starlink satellites in 2018 and the first operational satellites in 2019. Political Cartoons View All 1202 ImagesEurope’s Eutelsat OneWeb also is launching internet satellites, with around 600 in orbit. Amazon originally agreed to put the satellites on the debut launch of ULA’s Vulcan rocket.

Persons: Elon Musk’s, Jeff Bezos, OneWeb, Arianespace Organizations: Amazon, Elon Musk’s SpaceX, Origin, SpaceX, Federal Communications Commission, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Florida, California, ULA

OneWeb, the British satellite giant, completed its combination with French rival Eutelsat Thursday, setting the stage for a European challenger to Elon Musk's space internet venture Starlink. It comes as competition is heating up between different players in the multibillion-dollar space industry. Likewise, OneWeb also targets enterprise customers, but offers a different service capability thanks to its LEO network – similar to SpaceX's Starlink satellite internet. Eutelsat will remain headquartered in Paris, and OneWeb will continue operating in London with its name changed to Eutelsat OneWeb. Commercial deals are gaining traction in the space industry, with Musk's Starlink service working alongside businesses including Spain's Telefonica and French firms Marlink and Speedcast.

Persons: Elon, Morgan Stanley, OneWeb, Starlink, Eutelsat, Eva Berneke, Neil Masterson, Masterson, Musk's Organizations: Telecom Italia, Deutsche Telekom, Euronext Paris Stock, London Stock Exchange, Eutelsat, CNBC, Spain's Telefonica, SpaceX, SES Locations: British, Orange, Paris, London

☆ Musk is 'changing the way we think about risk': Satellite incumbent plans fightback against Starlink
▼ + stars: | 2023-06-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Eutelsat CEO Eva Berneke is betting on that massive acquisition of a British firm called OneWeb to turn around the company's fortunes. These so-called geostationary or GEO satellites is what Eutelsat specializes in. OneWeb, a British company, specializes in so-called low Earth orbit, or LEO satellites, which are used for things like internet connectivity. By combining Eutelsat's legacy GEO business with the LEO business of OneWeb, Berneke feels like it could be a big advantage. OneWeb, a direct competitor to Elon Musk's Starlink, which counted Japanese giant SoftBank among its investors, filed for bankruptcy in 2020.

Persons: Elon Musk, Jeff Bezos, Eva Berneke, Berneke, Eutelsat, Elon Musk's Organizations: PARIS, CNBC, GEO, LEO, Elon Musk's Starlink Locations: British, Paris, OneWeb

☆ Eutelsat CEO says Elon Musk is changing the way we think about risk in business
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEutelsat CEO says Elon Musk is changing the way we think about risk in businessEutelsat CEO Eva Berneke says the broadcast market is transforming, and Elon Musk “is changing the way we think about risk broadly in business.”

Persons: Elon Musk, Eva Berneke, ”

☆ Eutelsat CEO says OneWeb merger is a 'big bet' that will help it become a high growth company
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEutelsat CEO says OneWeb merger is a 'big bet' that will help it become a high growth companyEva Berneke, CEO of French satellite operator Eutelsat, tells CNBC's Arjun Kharpal about the firm's merger with OneWeb.

Persons: Eva Berneke, CNBC's Arjun Kharpal Organizations: OneWeb

☆ European stocks are off to a strong start this year. How U.S. investors can capitalize on it
▼ + stars: | 2023-04-06 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

With Eu r opean stocks off to a strong start this year, investors across the pond may want to get some exposure to that market and capitalize on the trend. .STOXX YTD mountain Strong start to European stocks Despite this outperformance, the European index is also far cheaper than the S & P 500, trading at a forward multiple of 13, while the U.S. benchmark is trading at a forward price-to-earnings ratio of about 18. Tech stocks make up a smaller portion of the European stock index – less than 8% in the Stoxx 600 compared to roughly 30% in the S & P 500. Separately, Goldman Sachs' Peytavin identified autos, real estate, insurance and construction and materials as among the worst sectors for European stock pickers. "They are macro sectors, stocks, all moving together driven by the macro rather than stock idiosyncrasies, and offer a narrow performance spread," Peytavin wrote.

☆ Satellite company SES confirms tie-up talks with Intelsat
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 29 (Reuters) - Satellite company SES (SESFg.LU) confirmed on Wednesday that it was in talks with U.S. rival Intelsat over a possible combination of their businesses that would create an industry giant. "In response to rumours in the market, SES S.A. confirms that the company has engaged in discussions regarding a possible combination with Intelsat," SES said. SES is aiming to reach an agreement with Intelsat as soon as the next few weeks, Bloomberg said, citing sources. Merger talks between the two signal further consolidation in the rapidly changing satellite Internet industry to challenge the likes of Elon Musk-owned SpaceX's Starlink and Amazon.com's (AMZN.O) Project Kuiper. The Paris-listed shares of Luxembourg-based SES (SESFg.LU), rose 3.4% on the report of the two sides nearing a deal, according to traders.

☆ Starlink rival OneWeb aims for global satellite internet coverage after passing a key milestone
▼ + stars: | 2023-03-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

OneWeb, a rival to Elon Musk's Starlink internet satellite venture, is aiming to roll out coverage globally after successfully launching the final batch of satellites needed for its broadband service over the weekend. While OneWeb has a few more satellites to deploy in May and June, it now has enough to deliver internet connectivity to any spot in the globe, according to company executives. OneWeb plans to launch 648 satellites in total, of which 588 satellites are required for global coverage. The rest will serve as spares that can step in, in case some other satellites on the network go rogue. Starlink, the space internet unit of Musk's SpaceX, has launched thousands of satellites to bring network connectivity to places with patchy internet.

Satellites can help secure telecom connections when normal networks are disrupted by wars or natural disasters. Veon and OneWeb declined to comment. Veon and Starlink are negotiating fees for the coming year, after governments and other entities paid for the service through spring 2023. SpaceX activated Starlink over Ukraine following the Russian invasion last year, providing internet access to millions of civilians and military personnel. The merged companies are racing to build a constellation of low-orbit satellites to challenge Starlink and Amazon's (AMZN.O) Project Kuiper.

WASHINGTON, Feb 9 (Reuters) - Blue Origin, the private space company founded by billionaire Jeff Bezos, was awarded its first interplanetary NASA contract on Thursday to launch a mission next year to study the magnetic field around Mars, the U.S. space agency and company said. Blue Origin has flown previous NASA missions with its smaller, suborbital New Shepard rocket, which can carry research payloads on short, microgravity trips to the edge of space and back. Blue Origin, known for its astro-tourism business for wealthy customers and celebrities, is one of 13 firms NASA chose last year for its Venture-class Acquisition of Dedicated and Rideshare missions (VADR) program. VADR essentially is intended to spur private development of private space launch vehicles by assigning lower-cost NASA science missions to new rockets with an unproven record and higher chance of failure. Blue Origin also declined to discuss financial details.

☆ Eutelsat: suspending programmes in Russia and Iran will hit financial results
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

PARIS, Dec 22 (Reuters) - Eutelsat (ETL.PA) will take a bottom-line hit of around 10 to 15 million euros ($16 million) to its full-year revenues following the suspension of several television programmes in Russia and Iran, the company said. The moves to stop carrying three Russian programmes as well as ending all broadcasting activities in Iran, will cost the company's EBITDA operating profit 15-20 million euros ($15.96 -21.28 million) and reduce available cash flow by around 10 million euros. "Eutelsat has also ensured that it is not involved in the broadcasting of RT News in Russia," it added. The company's halting of broadcasting activities related to Iran came in reaction to a European Union regulation this month. ($1 = 0.9394 euros)Reporting by Tassilo Hummel; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE EU countries, lawmakers likely to clinch deal next week on satellite internet system, sources say
▼ + stars: | 2022-11-09 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Nov 9 (Reuters) - EU countries and European Parliament lawmakers are likely to reach a deal on a 6-billion-euro ($6 billion) satellite internet system next week, people familiar with the matter said on Wednesday, driven by the bloc's push to cut its dependency on foreign companies and the Ukraine war. The European Commission announced the initiative to build and operate a satellite internet system in February, part of EU industry chief Thierry Breton's campaign for strategic autonomy. Officials from EU countries and EU lawmakers will meet on Nov. 17 in what is expected to be the last meeting to thrash out final details, the people said. The proposed satellite internet system could lead to the construction and launch of up to 170 low orbit satellites between 2025 and 2027. The companies active in this area include Elon Musk's SpaceX, Amazon's (AMZN.O) Kuiper Systems and British satellite company OneWeb.

☆ Eutelsat sees OneWeb merger boosting yearly sales to $2 bln by 2027
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Q1 sales fall by 4.5% on like-for-like basisSees tie-up with OneWeb boosting yearly sales, profitsConfirms full-year targetsPARIS, Oct 12 (Reuters) - Eutelsat Communications (ETL.PA), the world's third-biggest satellite operator by revenue, said on Wednesday it expected its planned tie-up with Britain's OneWeb to boost annual sales to 2 billion euros ($1.95 billion) by 2027. The French group expects annual sales to amount to about 1.2 billion euros in 2023, following the finalisation of the deal. The group's first-quarter sales fell by 4.5% on a like-for-like basis to 287 million euros, it said on Wednesday. It said the decline in sales matched its own targets and it confirmed its full-year targets, including an annual adjusted discretionary free cash flow of 420 million euros. ($1 = 1.0283 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Mathieu Rosemain; Edited by Benoit Van Overstraeten and Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

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