space news from around the webin association with SpaceNews

Report: Sirius XM preparing bankruptcy filing
Posted: Tue, Feb 10, 2009, 9:56 PM ET (0256 GMT)
Satellite radio company Sirius XM is making plans to file for bankruptcy protection, perhaps within days, the New York Times reported Tuesday afternoon. The company, created by the merger of Sirius Satellite Radio with XM Satellite Radio in 2008, is carrying a heavy load of debt, including a set of notes that matures next week. EchoStar, the company run by satellite TV pioneer Charlie Ergen, has shown an interest in acquiring Sirius XM, reportedly making an offer for the company last year and more recently attempting to buy Sirius XM's debt. The threat of a Chapter 11 filing could force EchoStar and Ergen to a make a deal or risk having to go through a bankruptcy court option to acquire the company's assets.
<<previous article   next article>>
news in brief
H3 launches Japanese Earth science satellite
Posted: Sun, Jul 7 4:44 PM ET (2044 GMT)

Chinese rocket stage breaks loose in static-fire test
Posted: Sun, Jul 7 4:36 PM ET (2036 GMT)

China launches communications satellite
Posted: Sun, Jul 7 4:33 PM ET (2033 GMT)

news links
Saturday, July 20
Former SPAC Astra is Once Again a Private Company
ViaSatellite — 9:12 pm ET (0112 GMT)
California brushes off Elon Musk's plans to move X, SpaceX to Texas
San Antonio Express-News — 9:09 pm ET (0109 GMT)
Elon Musk faces backlash over Boca Chica's 'Starbase, Texas' rebrand
San Antonio Express-News — 9:09 pm ET (0109 GMT)

about   ·   ·   mailing list