News Analysis

iRocket to Go Public Via US$ 400 Million Merger With Wilbur Ross-Backed BPGC Acquisition Corp.

Los Angeles, Calif., July 23, 2025 -- Innovative Rocket Technologies Inc. (iRocket), a next-generation reusable space rocket developer, and BPGC Acquisition Corp., a special purpose acquisition company (SPAC) sponsored by Wilbur Ross, the 39th U.S. Secretary of Commerce with more than 55 years of private equity and investment banking experience, and BPGC Management LP, an independent private equity firm dedicated to opportunistic buyouts and special situations transactions in the global industrials, materials and chemicals sectors, jointly announced today that they have entered into a definitive Merger Agreement and Plan of Merger dated July 22, 2025 in connection with the previously-announced letter of intent.

SES Completes Acquisition of Intelsat

Luxembourg, July 17, 2025 -- SES, today announced the completion of its  acquisition of Intelsat, creating a strengthened global satellite operator with an expanded fleet of 120 satellites across two orbits. The newly combined company will leverage its skilled teams with deep vertical expertise to deliver integrated multi-orbit, multi-band satellite and connectivity solutions to businesses and governments around the world, creating a stronger multi-orbit operator with ~60% of revenue in high-growth segments accordingto a company statement.

Neo Space Group Completes Acquisition of UP42 from Airbus Defence and Space

Riyadh, Saudi Arabia, July 10, 2025 – Neo Space Group (NSG), a PIF company and Saudi Arabia’s leading commercial space services provider, announced today that the company has completed its previously announced acquisition of UP42 GmbH, the leading Earth Observation (EO) platform previously owned by Airbus Defence and Space GmbH. Following the initial announcement in December 2024, UP42 is now formally part of the NSG organization.

MBS Acquires SES' Media Services in Germany and the UK

Usingen, Germany, July 8, 2025-- Media Broadcast Satellite GmbH (MBS), a service integrator and managed gateway operator, has announced an agreement with satellite operator SES to acquire a part of its media services in Germany and the UK.

Shaping Global Satellite Licensing Through National Consultations

By Matthew Evans                                                                             

London, UK, July 2, 2025--The satellite sector is undergoing rapid transformation, driven by technological innovation, emerging services, and new spectrum demands. Yet, as the industry evolves, so too must the regulatory frameworks that govern it. Regulations are constantly shifting, licensing models are becoming more adaptive, and procedures increasingly open and interactive. In this environment, National Consultations have become essential forums for shaping regulation — and a strategic opportunity for operators to participate and stay ahead of the curve.

EU Space Act: Enhancing Market Access and Space Safety

Brussels, Belgium, July 1, 2025 - The European Commission has proposed ambitious new measures to make Europe's space sector cleaner, safer and more competitive.

European Commission Approves SES-Intelsat Merger

Brussels, Belgium, June 10, 2025--The European Commission approved unconditionally the acquisition of Intelsat by SES,  under the EU Merger Regulation. The Commission concluded that the transaction would not raise competition concerns in the European Economic Area (EEA). Both SES and Intelsat are global satellite network operators that own and operate geostationary Earth Orbit (GEO) satellites.

Comtech Announces Financial Results for Third Quarter of Fiscal 2025

Chandler, Ariz., June 9, 2025 – Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported financial results for its third quarter ended April 30, 2025. The company reported an Operating loss of US$ 1.5 million and net loss attributable to common shareholders of US $14.5 million on Net sales of US $126.8 million

European Launch Market: A New Space Race

By Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., June 2, 2025 - While the United States is launching rockets nearly every other day, and China maintains a steady rhythm of about one launch every five days, Europe—once a dominant force in commercial space—finds itself playing catch-up. The delayed debut of the Ariane 6 and the grounding of the Vega launcher following repeated failures have significantly eroded Europe's competitive position in orbital launch capability.