spacetoday.net: space news from around the webin association with SpaceNews


Teledesic suspends satellite plans
Posted: Thu, Oct 3, 2002, 8:13 AM ET (1213 GMT)
Teledesic satellite illustration Broadband satellite company Teledesic announced Wednesday that it is suspending work on its first two satellites as it considers "alternative approaches" to its business. In January Teledesic signed a contract with satellite manufacturer Alenia Spazio for the construction of the first two spacecraft of a revamped 30-satellite system, barely meeting a deadline in Teledesic's FCC license. However, the company has since decided that it would not be "prudent" to continue given the current poor economic conditions, which co-CEO Craig McCaw described as "an unprecedented confluence of events in the telecommunications industry." Company officials said they are considering alternative options for the company; their press statement emphasized potential government uses for Teledesic's proposed broadband telecommunications system.
<<previous article   next article>>
news in brief
US and UK militaries conduct coordinated satellite maneuvers
Posted: Sun, Sep 21 8:30 AM ET (1230 GMT)

Blue Origin retires a New Shepard capsule after payload flight
Posted: Sun, Sep 21 8:25 AM ET (1225 GMT)

Astra planning first Rocket 4 launch in mid-2026
Posted: Sun, Sep 21 8:21 AM ET (1221 GMT)

news links
Wednesday, October 15


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list