Following the acquisition, SpaceQuest shareholders will own approximately 20% of the total number of shares and votes in AAC excluding the shares intended to be issued to Hyperion shareholders. This content is restricted to subscribers, Peter de Selding is a Co-Founder and editor for SpaceIntelReport.com. Follow Peter @pbdes, Designed by Elegant Themes | Powered by WordPress, Eurospace asks European governments to fund a multiple-use LEO broadband constellation, With Southwest Airlines’s OK, in-flight connectivity provider Global Eagle exiting Chapter 11 with 54% of its debt removed, C-band debate returns Intelsat stock to whiplash mode, and SES confronts the nationality issue, Cubesat builder GomSpace looks to European governments to pick up presumed temporary slack in commercial orders, Russia’s S7 aviation group says it has completed purchase of Sea Launch assets, will restart launches, Hughes says rural-Wi-Fi with facebook is showing sharp differences in demand between communities, Modem/antenna designer SatixFy’s CEO: OneWeb and SpaceX Starlink are dreaming, SpaceX Starlink: Inter-satellite links useful, not essential; regulatory deployment deadlines not a problem, Telesat, $100 million in but no prime contractor, tells ITU it will launch LEO constellation starting in 2022, German EU presidency focuses on space traffic management to thwart U.S. move to set global standards, KT Sat designing Ka-band HTS satellite for SE Asia, pins growth on backhaul & aero, maritime connectivity.
Hyperion continues to be open for inquiries and orders for Hyperion products. The Dutch space company will join the Swedish-Scottish Group to strengthen the offering to the global space market. The company was founded by CEO Bert Monna, CTO Steven Engelen and Cor in ‘t Veld. Over the next five years around 3,000 nanosatellites should be launched as technology development extends the applications for low earth orbit (LEO) constellations, especially for communications. Photo: AAC Clyde Space.
He started SpaceIntelReport in 2017 after 26 years as the Paris Bureau Chief for SpaceNews where he covered the commercial satellite, launch and the international space businesses.
Sweden- and Scotland-based AAC Clyde has long told investors that a U.S. purchase was a near-term goal, the better to access the fast-growing U.S. government market for small satellites. Many of them shake up the way we deliver satellites or components, the speed in which they are delivered, and the ease of purchase. SpaceQuest has built and launched 20 spacecrafts and supplies satellite components for institutions including, AXESS Networks Provides Cell Backhaul for ALTÁN Redes in Mexico, Inmarsat and Orbcomm Extended IoT Partnership Through 2035, Peraton Receives $10M US Space Force Contract for Orbital Analysis, Ansys to Acquire Aerospace Software Company AGI, SpaceX’s 12th Starlink Launch of Year Marks 100th Falcon Launch Milestone, Gilat Wins Cell Backhaul Contract Extension from US MNO, Airbus Ventures Adds Singapore Startup Zero Error Systems to Portfolio, Lockheed Martin Develops UK Launch Operations From Shetland Space Centre, Kleos Space Selects Manufacturer for Polar Vigilance Mission (KSF1) Nanosatellite, ABL Space Systems Performs Integrated Stage Test of RS1 Smallsat Launch Vehicle, Ligado Networks Raises Additional $3.85B To Fund L-Band Network, US Army Selects TriSept to Integrate and Deploy Gunsmoke-J CubeSat, Telesat Purchases Mynaric Inter-Satellite Link Terminals for DARPA Blackjack Program, Northrop Grumman Space Segment Posts 17% Sales Increase in Q3, Intel Provides Smarts for First Satellite With Local AI Processing on Board, Firefly Aerospace Signs Launch Agreements with Spire, Geometric Space, Telesat and Lockheed Martin Will Integrate Telesat LEO with SDA Transport Layer, Inmarsat, Hughes Have Been Secretly Collaborating on a Free In-Flight Wi-Fi Service, Lockheed Martin Space Sees Government Business Boost in Q3, Iridium Surprises Investors with Resilient Q3, Raises 2020 Guidance, Intelsat Hits Back at SES’s $1.8B Claim Over CBA Dispute, SpaceX Touts Starlink Success With Hoh Tribe During Latest Launch, Space Force Official Suggests U.S.
AAC Clyde Space will acquire Virginia-based small satellite tech company SpaceQuest, Ltd. to grow operations in the U.S. and to expand Space-as-a-Service offerings. AAC Clyde Space has the capacity in Glasgow and Sweden to facilitate such … Posted by Peter B. de Selding | Oct 16, 2020 | Mobility, News, Satellite Operators. Developing Offensive Capabilities in Space, US Air Force Investment Group Selects Orbital Sidekick for Hyperspectral Satellite Imaging Contract, Gilat Wins Three-Year Satellite Backhaul Deal with Southern Linc, SES Provides Connectivity Services for Mercy Ships, AAC Clyde Space Expands to U.S. with SpaceQuest Acquisition, Kabelio AG Picks Eutelsat Hotbird for New Swiss DTH Platform, FAA Issues New Rule For Launchers Allowing Single License, NASA Awards Lockheed Martin, ULA, SpaceX Contracts for Moon, Mars Technologies, Inmarsat, Cobham Connect Fishing Vessels in the Maldives, David Helfgott Joins SmartSky Networks as CEO, Following Phasor, Telesat Receives Further DARPA Blackjack Contract for Telesat LEO Demonstration, Spacecom, Ignite Power Launch E-Health Service Across Sub-Saharan Africa, Thursday Morning Conversation: Space-Based Healthcare from a Doctor’s Persepctive, USSI Global Names Ex-Avid VP Anthony Morelli as COO, Maxar Extends Data Licensing Contract With Esri, Astroscale’s Latest Funding Round Brings Investment to Nearly $200M, Blue Origin Flies New Shepard Rocket for 7th Time as it Nears Passenger Flights, Accion Systems Propulsion System to be Used on NanoAvionics Rideshare Mission, Spaceflight Signs Multi-Launch Agreement with HawkEye 360, Report: Facebook Operates Satellite With Broadband Potential, KSAT Reports Record 20K Passes on Smallsat Network, RigNet Receives Multi-Year Satellite Communications Service Contract, Satcom Global Gets VSAT Contract Renewal from PaccShip, HAPS Payload Demonstrates LTE Connectivity in Sunglider Test, Exolaunch Signs Long-Term Agreement with SpaceX, Plans US Office, Via Satellite’s Technology Webcast Series, First Responder’s Guide to Satellite Communications, Satellite Executive of the Year Nominations, Satellite Technology of the Year Nominations. There’s a Dutch company that will be joining the Swedish-Scottish Group at AAC Clyde Space, subject to approval by an AAC Clyde Space Extraordinary General Meeting. PARIS — Smallsat builder and service provider AAC Clyde Space is buying U.S. smallsat builder and service provider SpaceQuest Ltd. for 3.4 times projected 2020 revenue in an all-stock transaction with a three-year earn-out that assumes SpaceQuest will more than quadruple its revenue by 2023.. Sweden- and Scotland-based AAC Clyde has long told investors that a U.S. purchase was a near … ÅAC Clyde, the company being formed by Sweden’s ÅAC Microtec and Scotland’s Clyde Space, will build a six-unit cubesat for Kepler Communications' machine-to-machine communications constellation. In the acquisition, announced Oct. 15, AAC Clyde Space will acquire all SpaceQuest shares for $8.4 million in a payment to SpaceQuest owners of 24 million new AAC shares. The acquisition is subject to the approval of the Committee of Foreign Investment in the United States (CFIUS).