spacetoday.net: space news from around the webin association with SpaceNews


OneWeb delays hit Eutelsat earnings
Posted: Sat, Feb 3, 2024, 9:40 AM ET (1440 GMT)
Eutelsat is reducing its projected revenues because of delays bringing the OneWeb constellation into full commercial service. The company said Monday that installation of gateways needed for OneWeb is behind schedule, with only 30 of the 40 needed for global service in place. Gaps in coverage include India and Saudi Arabia, where Eutelsat has significant "take-or-pay" contracts that require customers to take the OneWeb capacity once it is available or pay a penalty. Eutelsat reduced its revenue projections for its current fiscal year, ending in June, by 7% to account for the delays. Eutelsat expects global coverage to be in place in the second half of 2024. Eutelsat also sold its stake in satellite manufacturer Airbus OneWeb Satellites (AOS) to Airbus for an undisclosed sum.
<<previous article   next article>>
news in brief
Rocket Lab opens Launch Complex 3 for Neutron
Posted: Sat, Aug 30 10:33 AM ET (1433 GMT)

Two launch companies win contracts for European program
Posted: Sat, Aug 30 10:28 AM ET (1428 GMT)

SpaceX flies Falcon 9 booster for 30th time
Posted: Sat, Aug 30 10:27 AM ET (1427 GMT)

news links
Wednesday, September 3
Israel successfully launches Ofek 19 satellite into space
Arutz Sheva — 7:59 am ET (1159 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list