Tag Archives: Commercial
The Chinese Commercial Autonomous Driving Company CiDi Plans for IPO
Technology tamfitronics Changsha Intelligent Driving Institute (CiDi) officially submitted its prospectus to The Stock Exchange of Hong Kong on November 7, 2024, intending to list on the main board. CICC, CITIC Securities International, and Ping An Capital (Hong Kong) are acting as joint sponsors.This means that CiDi is another autonomous driving company that has submitted documents to The Stock Exchange of Hong Kong in the short term. It is also the second autonomous driving-related company after Black Sesame Technologies...
Adel Al-Saleh, SES – Commercial Space Transformers
Top Stories Tamfitronics In this episode of Commercial Space Transformers SpaceNews Senior Staff Writer Jason Rainbow speaks with Adel Al-Saleh, CEO, SES.SES CEO Adel Al-Saleh dives into the fleet operators bold moves in satellite innovation, including the Intelsat acquisition and the companys multi-orbit strategy to outpace rivals like Starlink.Al-Saleh highlights a key strength: combining GEO, MEO, and LEO partnerships to deliver greater flexibility and resilience across industries from government and defense to airlines and maritime. He also addresses SESs push for agile development, regulatory shifts, and seamless integration with 5G networks. For space industry professionals, this is a must-watch on how SES plans to lead the multi-orbit era and redefine satellite connectivity.The SpaceNews Commercial Space Transformers video series gives viewers a behind-the-scenes...
Pentagon’s commercial satellite internet services program soars to $13 billion
Top Stories Tamfitronics A U.S. Air Force service member prepares a Starlink modem for a performance test at Kadena Air Base, Japan. Credit: U.S. Air ForceWASHINGTON — The Defense Department is increasing its projected spending on low Earth orbit (LEO) satellite internet services more than tenfold, responding to surging demand from across the military, SpaceNews has learned.The military’s Proliferated Low Earth Orbit (PLEO) Satellite-Based Services program, launched just last year with a $900 million ceiling, has been expanded to $13 billion by the Defense Information Systems Agency (DISA) and the Space Systems Command, a spokesperson confirmed.The dramatic jump in funding underscores how vital high-speed satellite internet has become for military operations, as all branches clamor for the capabilities provided by services like SpaceX’s Starlink. The PLEO contract also is being expanded in anticipation of Amazon’s...
Commercial space’s critical role in the race to outpace adversaries
Top Stories Tamfitronics Firefly Aerospace launched Sept. 14 the Space Force's Victus Nox mission in a record-breaking 24 hour turnaround. Credit: Firefly Aerospace.We’re in a race for space agility, and America is falling behind.Irresponsible weapons tests, such as Russia’s Nov 2021 destructive test of a direct ascent anti-satellite missile test, provided a glimpse of what combat in space could entail. Equally alarming is China’s heavy investments in its own military space assets. According to Air & Space Forces MagazineBeijing has increased on-orbit assets by 500% since December 2015, enabling China’s long-range strike capabilities.Adversaries displaying reckless and provocative behaviors such as operating their satellites near United States spacecraft endanger the U.S. Space Force’s ability to receive viable data when and where our warfighters need it most.The right strategyA positive step forward is the U.S. Space Force’s new...
