Sky and Space Global News
5 articles
growth-positive
Sky and Space in $14m funding drive - Spatial Source
Sky and Space Global (SAS) is seeking to raise $14.2 million to fund the construction, testing, and launch of its first eight commercial 6U nanosatellite service. SAS aims to provide cost-efficient and reliable remote communication services based on nanosatellites. The company plans to build a nanosatellite telecommunication commercial network, starting with the Pearls Constellation consisting of up to 200 nanosatellites in equatorial orbit. This network will provide low-cost communications, data, and internet services in Africa, South America, and Asia. SAS also has plans for an additional satellite constellation to achieve global coverage. The company claims to have more than 50 agreements in place for the use of its services. The fundraising will enable SAS to capitalize on the market opportunity and establish a first-mover advantage in the growing satellite IoT market.
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growth-negative
Sky and Space Global narrows immediate goal to eight satellites as funding remains elusive - SpaceNews
Sky and Space Global, a startup planning a constellation of 200 cubesats for low-data-rate communications, is facing difficulties in obtaining financing and manufacturing delays. The company has narrowed its near-term focus to raising enough money for an initial eight satellites. They are seeking to raise 15.8 million Australian dollars ($10.8 million) after an unsuccessful attempt in August. Sky and Space Global has non-binding agreements with Rocket Lab and Arianespace to launch its first satellites. The companys manufacturing partner, GomSpace, has treated their contract as cancelled due to the startups postponed financing. Sky and Space Global has a trio of prototype satellites in orbit and plans to progress the manufacturing process for the operational satellites after securing appropriate financing.
InvestmentPartners
growth-positive
Sky and Space Global Raises $12 Million - Via Satellite -
Sky and Space Global has received signed binding commitments for raising $12 million in a two-tranche share placement to investors as part of its $15 million fundraising effort. The funds will be used to launch the first batch of the companys Pearls constellation nanosatellites network. The company aims to provide affordable voice, data, instant messaging, and IoT communications to the equatorial belt. The support received indicates market confidence in the companys ability to achieve its objectives.
Investment
growth-positive
Sky and Space Global ready to deploy nanosatellite network
Sky and Space Global Ltd has completed the Critical Design Review of its Pearls satellite, allowing the company to proceed with assembly and integration of the nanosatellite network. The network of nanosatellites will provide affordable voice, data, instant messaging, M2M and IoT communications, as well as various other services. The completion of the CDR validates the companys technology and supports its goal of providing connectivity to remote geographical locations. Once construction and integration are complete, the nano-satellites will undergo additional testing before launch. Sky and Space Global Ltd aims to launch a constellation of 200 nanosatellites by 2020.
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https://www.satellite-evolution.com/single-post/2017/06/23/Three-Diamonds-nano-satellites-successfully-launched-for-Sky-and-Space-Global
