Feb 13, 2021 13:02 EST
Space Exploration Technologies Corp. s (SpaceX) subsidiary SpaceX LLC s bid to alter its Starlink satellite internet constellation s parameters through a modification request submitted to the Federal Communications Commission (FCC) has received renewed criticism from its competitors, who have joined Amazon.com LLC s subsidiary Kuiper Systems LLC in opposing the request.
Now, as the FCC moves into the second stage of deciding the fate of Starlink user terminals, SpaceX s competitors for the 12GHz band - namely RS Access LLC backed by billionaire Michael Dell and Dish Network Corporation - have teamed up with Amazon by reiterating earlier claims that the third modification raises questions for their usage of the 12GHz band.
Feb 12, 2021 07:40 EST
Shares of blank cheque company Reinvent Technology Partners (RTP) (NYSE:RTP) are up by 9% in premarket trading as a report of its merger with Santa Cruz, California-based electrical vertical take-off and landing (eVTOL) aircraft firm Joby Aviation surface. The report, courtesy of The Financial Times, states that RTP and Joby are finalizing the final financing of the deal, which could be announced later this month and result in a valuation of $5.7 billion for Joby.
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Joby Aviation Likely To Finalize Merger With Reinvent Technology Later This Month With A $5.7 Billion Valuation
If the merger follows through then the deal will have resulted in Joby becoming a publicly-traded company on the New York Stock Exchange (NYSE) while it is in its early stages of operations. As opposed to most companies that take the public route via initial public offerings with an operational business model, Joby, like some other firms choosing special purpose acquis
Feb 10, 2021 02:54 EST
The National Aeronautics and Space Agency (NASA) has awarded Space Exploration Technologies Corp. (SpaceX) another important contract for the former s lunar space station. Dubbed as the Lunar Gateway, the station is a non-critical part of the agency s Artemis program which aims to land U.S. astronauts on the lunar surface decades after the completion of the Apollo program. Today s award is the second Gateway contract that NASA has awarded to the California-based launch services provider, with the first one having come in March 2020, when SpaceX managed to beat The Boeing Company, Northrop Grumman Innovation Systems and Sierra Nevada Corporation, Space Systems (SNC).