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 by Staff Writers Aalborg, Denmark (SPX) Jun 22, 2020
GomSpace (GS) and Aerial and Maritime (A and M) have agreed on a settlement and release of any potential claims and commitments of each party in connection with the original agreement from 2016. A and M was established as a spin-out project from GomSpace. The objective of A and M was to own and operate a constellation of nanosatellites to be launched into a low-inclination Equatorial orbit for monitoring the whereabouts of civilian aircraft and vessels. The main shareholders of A and M were GomSpace Group and the Investment Fund for Developing Countries (IFU). As a result of the settlement, the parties will start the process of solvent liquidation of A and M. GomSpace will have full ownership of the eight satellites, which have already been built. The financial impact of the settlement will be a depreciation in equity interest in A and M of around 12 MSEK and a reduction in backlog of around 14 MSEK. The settlement will be reported in the Q2 interim report and it will have no effect on revenue outlook for 2020.
SpaceX launches 58 Starlink, 3 SkySat satellites from Florida Washington DC (UPI) Jun 13, 2020 SpaceX has expanded the company's historic Starlink constellation by launching 58 more satellites from Florida on Saturday morning. The payload lifted off on time aboard a Falcon 9 rocket at 5:21 a.m. EDT from Cape Canaveral Air Force Station, which is adjacent to Kennedy Space Center. The launch was the ninth regular Starlink mission, boosting the number of those communications satellites in orbit to 538 - the most ever for any such constellation. Starting with the next cluster launch ... read more
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