Logisticsand healthcare startups to get boost from Saudi government,assistant deputy minister says
07 Nov
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Logisticsand healthcare startups to get boost from Saudi government,assistant deputy minister says

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Top Stories Tamfitronics Top Stories Tamfitronics Sustainable bond issuance surges 9%, market set to hit $950bn by year-end: Moody’s RIYADH: Global issuance of sustainable bonds in the third quarter of 2024 reached $216 billion, marking a 9 percent annual increase, according to Moody’s.The year-on-year increase in green, social, sustainability, and sustainability-linked bonds came despite a quarter-on-quarter drop, with the volume issued down 14 percent in the three months to the end of...
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Former Intelsat executive joins Lynk Global as CEO
07 Nov
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Former Intelsat executive joins Lynk Global as CEO

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Top Stories Tamfitronics Lynk Global envisages a total constellation of 5,000 satellites built in-house. Credit: Lynk GlobalTAMPA, Fla. Ramu Potarazu, a former executive at geostationary operator Intelsat, has taken the helm of Lynk Global in the direct-to-smartphone satellite ventures latest leadership shake-up as it seeks funds to grow its constellation.Lynk said Nov. 7 that Dan Dooley will resume his role as chief commercial officer after taking over as CEO two months ago from Charles Miller, the companys co-founder who became chairman of its board of directors.Potarazu held various positions at Intelsat between 1991-2006, including president and chief operating officer, and was most recently CEO of media management software company EditShare.Falls Church, Virginia-based Lynk also announced the appointment of Steven Fay as chief financial officer (CFO) to help prepare for its stock market debut by...
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Virgin Galactic seeks to raise money to accelerate growth of spaceplane fleet
07 Nov
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Virgin Galactic seeks to raise money to accelerate growth of spaceplane fleet

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Top Stories Tamfitronics VMS Eve, Virgin Galactic's mothership aircraft used by its suborbital spaceplanes. The company is looking to raise $300 million that will mostly be used to develop a second mothership plane. Credit: Virgin GalacticWASHINGTON — Virgin Galactic is proposing to raise $300 million in additional capital to accelerate production of suborbital spaceplanes and a mothership aircraft the company says can fuel its long-term growth.In a Nov. 6 earnings call to discuss the suborbital spaceflight company’s third quarter financial results, Virgin Galactic executives said that while work on the first two Delta-class spaceplanes remains on budget and schedule, they see an opportunity to raise money to add vehicles to the fleet sooner that previously planned.“We have an exciting opportunity to captures economies of scale from our existing investments,” Michael Colglazier, chief executive of Virgin...
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SpaceX plans next Starship flight for mid-November
07 Nov
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SpaceX plans next Starship flight for mid-November

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Top Stories Tamfitronics A timelapse of the return of the Starship Super Heavy booster to the launch site to be caught by the launch tower on the vehicle's fifth integrated flight Oct. 13. Credit: SpaceXWASHINGTON — SpaceX has scheduled its next Starship test flight for as soon as Nov. 18, making incremental changes since the previous flight in October.The company announced Nov. 6 that it was planning the sixth integrated Starship/Super Heavy flight from its Starbase facility at Boca Chica, Texas, for the afternoon of Nov. 18. The announcement coincided with the release of airspace restrictions for the flight attempt by the Federal Aviation Administration.SpaceX described the upcoming flight as one intended to “expand the envelope on ship and booster capabilities and get closer to bringing reuse of the entire system online.” The flight will...
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