SES made public its financial results for the first six months of 2022, announcing revenues of €899 million (+2.8% YoY as reported) and adjusted EBITDA of €545 million (flat YoY as reported). Adjusted Net Profit improved by 11% YoY to €168 million, while leverage reduced to 3.0 times.
Satellite and Broadcasting
NASA has unveiled the beauty of the hidden universe through the first full-color images and spectroscopic data obtained by the James Webb Space Telescope (JWST).
SES and AXESS Networks (AXESS) are accelerating the digital transition of the mining industry with SES’s second-generation medium earth orbit (MEO) system O3b mPOWER.
Ericsson, Qualcomm Technologies, Inc. and French aerospace company Thales are planning to take 5G out of this world and across a network of Earth-orbiting satellites.
French satellite operator Eutelsat and British counterpart OneWeb have been in talks for a possible tie-up to become a global champion in broadband internet, rivaling US operators such as SpaceX's Starlink.
The US Federal Communications Commission has authorized Elon Musk's SpaceX to use its Starlink satellite internet network with moving vehicles including ships, airlines and road transporters.
Airbus has launched a connectivity services business through the creation of a dedicated HAPS Services Business based around Zephyr, Airbus’ leading HAPS technology platform. This will enable it to industrialize rapidly and begin serving a substantial total addressable market, providing low-latency connectivity services from the stratosphere for telecommunications and Earth observation applications. The new business is a subsidiary of Airbus Defence and Space.
SES-22, the first SES C-band satellite dedicated to freeing up the lower 300 MHz of the C-band spectrum, is currently being prepared for launch from SpaceX’s Space Launch Complex 40 at Cape Canaveral Space Force Station on June 29, 2022.
The UAE Space Agency has launched a new AED3 billion ($817 million) national investment and development fund for the space sector.
Intelsat has launched a new inflight connectivity (IFC) solution powered by electronically-steered antenna (ESA) technology from Ball Aerospace while leveraging design and integration partner, Stellar Blu Solutions.