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Two European satellite companies are combining in a $3.4 billion deal to rival Elon Musk’s SpaceX
CNBC.COM ^ | 7/26/22 | Ryan Browne

Posted on 07/27/2022 8:21:38 PM PDT by RushIsMyTeddyBear

U.K. satellite operator OneWeb plans to join forces with European rival Eutelsat in a deal the two companies hope will help them take on Elon Musk’s SpaceX.

The all-stock merger will see Eutelsat issue 230 million new shares and exchange them for all remaining shares of OneWeb, according to a press release Tuesday......

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Chit/Chat; Computers/Internet; Science
KEYWORDS: communication; computers; musk; space
Interesting. Relative worked for EutelSat.

Visited their headquarters in Paris. Tight security.

1 posted on 07/27/2022 8:21:38 PM PDT by RushIsMyTeddyBear
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To: RushIsMyTeddyBear

never hear about Arianespace anymore


2 posted on 07/27/2022 8:24:26 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: RushIsMyTeddyBear

This should be fun, if they last long enough.


3 posted on 07/27/2022 8:25:08 PM PDT by hinckley buzzard ( Resist the narrative.)
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To: RushIsMyTeddyBear

Kessler Effect Here We Come!


4 posted on 07/27/2022 8:25:51 PM PDT by who_would_fardels_bear (This is not a tagline.)
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To: RushIsMyTeddyBear

It’s gonna get pretty crowded in the low earth orbit space. It’s easy for me to predict a coming shakeout of the weaker commercial competitors.


5 posted on 07/27/2022 8:33:31 PM PDT by House Atreides (I’m now ULTRA-MAGA-PRO-MAX!)
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To: Chode
never hear about Arianespace anymore

Really? Arianespace just had a very successful and accurate launch of the Jame$ Webb $pace Tele$cope in December on a Araine 5 rocket. There are 9 more Araine 5s to go, and they are preparing an initial Araine 6 rocket for the first half of 2023.

Arianespace recognizes they're behind on reusable vehicles, and so are planning on some kind of partially-reusable "Araine Next" rocket for the 2030s. We'll see what they come up with, when. (Subsidies breed complacency…)

6 posted on 07/27/2022 9:48:16 PM PDT by Yossarian
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To: Yossarian

might i rephrase that, “I” haven’t heard of them lately

guess maybe because it’s not “news” anymore


7 posted on 07/27/2022 9:59:13 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: RushIsMyTeddyBear

Who’s going to launch their satellites?


8 posted on 07/28/2022 1:58:37 AM PDT by Born to Conserve
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To: RushIsMyTeddyBear

I was on the waiting list for starlink. ITS COMING. My viasat dish is worthless. I am using an Amazon wifi box with a phone Sim card to work from home. It’s 10x faster than viasat. I can’t even watch TV using viasat because it uses all my wifi in the 1st week. Yeah!! Oh and it’s 99 a month. Not 138.


9 posted on 07/28/2022 4:15:17 AM PDT by Donnafrflorida (Thru Him all things are possible.)
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To: Donnafrflorida

“I was on the waiting list for starlink.”

Have you checked on T Mobile Home internet? Might be a viable alternative.


10 posted on 07/28/2022 7:12:58 AM PDT by suthener ( )
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To: Yossarian
Got some catching up to do


11 posted on 07/28/2022 7:49:55 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: Donnafrflorida

With the latest launch, Musk said the coverage was now global(where allowed).


12 posted on 07/28/2022 7:51:19 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: RushIsMyTeddyBear

Money is one thing, technology is another. It will take more than mere money to compete with SpaceX now, and will only get worse, once they have Starships operational at US$1M per launch.


13 posted on 07/28/2022 8:32:01 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: Pollard

Yep. Cost 599 upfront though. Retiring soon. 99 a month with an internet that actually works is a good thing.


14 posted on 07/28/2022 10:39:30 AM PDT by Donnafrflorida (Thru Him all things are possible.)
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To: Born to Conserve
Who's going to launch their satellites?

SpaceX is launching OneWeb’s satellites starting September.
OneWeb was using Russian rockets before but then the war screwed up that deal so they signed up with SpaceX

Don't forget that OneWeb already went bankrupt once before and was rescued by a big investment by the British government.

15 posted on 08/08/2022 3:12:54 AM PDT by SmokingJoe
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