Tag Archives: AMOS-6

Troubled Israeli satellite communications company Spacecom could finally have a buyer, but at a much lower price tag than it sought last year. Last week, Israel-based holding company IDB made an offer for a controlling stake in Spacecom, offering U.S.$45.75 million for a 54.7% undiluted stake and an equity infusion of as much as U.S.$11.45 million. According to a report published on calcalist.com, further negotiations have resulted in IDB’s subsidiary, Discount Investment Corporation, agreeing to an equity infusion of up to U.S.$34 million.

Following the SpaceWatch.Global report that Israel’s Spacecom is looking to purchase a new satellite to be called AMOS-8, we can now report that Spacecom has selected U.S. satellite manufacturer Space Systems Loral (SSL), a subsidiary of Maxar Technologies, to build the new satellite, instead of Israel Aerospace Industries (IAI) as many expected.

Israeli fleet operator Spacecom is very close to purchasing a new satellite, named AMOS-8. This forthcoming purchase is a sign of a turnaround for Spacecom, as well as a bet on the troubled company’s future. Back-to-back spacecraft losses in 2015 and 2016 turned Spacecom from an expanding business into a struggling concern. Preceding the destruction of AMOS-6, Spacecom’s Russian-built AMOS-5 satellite ceased working in orbit due to a power system failure in 2015, just four years after its launch.

Facing financial problems and an uncertain future, Israel’s Spacecom is now looking abroad to expand its satellite communications business. An announcement posted by the State Space Agency of Ukraine (SSAU) reports that talks were held between its head, Pavlo Dehtiarenko, and David Pollack, Spacecom CEO, in Kyiv late last month. …

Israeli satellite communications company Spacecom has formally backed away from buyout talks with China’s Beijing Xinwei Technology Group, according to Space News. “At the moment there are no talks with Xinwei,” said Spacecom’s Senior Vice-President for Sales and Marketing, Jacob Keret, to Space News. Spacecom and Beijing Xinwei Technology Group …

Following immediately on the heels of Saudi Arabia’s King Salman, Israeli Prime Minister Benjamin Netanyahu is leading a delegation to China, arriving on March 19, 2017, in order to discuss and enhance strategic and economic ties between the two countries. Among the various topics to be discussed between Israel and …

Specialising in High-tech Insurance, elseco was established in 2006. Today, elseco is the largest space insurance player in the world with a capacity of more than USD200m (More than twice its closest competitor). The company adopts an intelligent approach to risk management, pioneering market risk analysis and sophisticated ‘made for …

Specialising in High-tech Insurance, elseco was established in 2006. Today, elseco is the largest space insurance player in the world with a capacity of more than USD200m (More than twice its closest competitor). The company adopts an intelligent approach to risk management, pioneering market risk analysis and sophisticated ‘made for …

Ian Christensen, Project Manager at the Secure World Foundation, reports for SpaceWatch Middle East, on the 12th Annual Ilan Ramon International Space Conference held in Herzilya, Israel, on 30-31 January 2017. The 12th Annual Ilan Ramon International Space Conference was held in Herzilya, Israel on 30-31 January 2017. Organized by the Israeli Ministry of …

Peter B. de Selding, the former international correspondent of Space News, reports in his new venture SpaceIntelReport.com, that Hong Kong-based company China Trends Holdings Ltd. is considering buying Dubai-based satellite communications company Thuraya for U.S.$201 million. Within days of the announcement by China Trends Holdings Ltd., Thuraya issued a statement …