EchoStar Sells Spectrum to SpaceX for $17b
On September 8, EchoStar Corporation (EchoStar) announced an
agreement with Space Exploration Technologies Corp. (SpaceX)
whereby EchoStar will sell to SpaceX its rights to AWS-4 and
H-block spectrum for approximately $17b in cash and stock.
Concurrently, EchoStar terminated its contract with MDA Space Ltd.
for its planned low Earth orbit satellite constellation.
JetBlue Selects Kuiper for IFC Services
On September 4, JetBlue Airways Corporation announced an
agreement with Amazon.com, Inc. to use capacity from the Kuiper
system for in-flight connectivity services beginning in 2027.
September Fundraising & Financing Activity
September 9 – Finnish satellite manufacturing start-up
ReOrbit Oy raised €45m in a Series A investment round led by
Springvest Oyj, with participation from Varma Capital, LLC, ELO
Foundation, Icebreaker Fund Management Oy and others.