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


Intelsat announces IPO plans
Posted: Wed, Apr 3, 2013, 7:08 AM ET (1108 GMT)
Intelsat, one of the world's largest commercial satellite operators, said Tuesday it was moving ahead with plans to raise over half a billion dollars through an initial public offering (IPO) of stock. The company says it plans to sell more than 21.7 million shares of common stock at $25 per share, along with 3 million preferred shares at $50 each, on the New York Stock Exchange. Coupled with options for additional shares, the IPO could raise up to $823 million for the company. Intelsat had previously indicated it was planning a much larger IPO, raising up to $1.75 billion, but scaled it back because of market conditions and the company's current finances. Intelsat currently operates 54 communications satellites in GEO.
<<previous article   next article>>
news in brief
Starlink suffers global outage
Posted: Sun, Jul 27 12:55 PM ET (1655 GMT)

Soyuz launches space science satellites
Posted: Sun, Jul 27 12:53 PM ET (1653 GMT)

House appropriators seeking alternatives to SLS EUS upper stage
Posted: Sun, Jul 27 12:52 PM ET (1652 GMT)

news links
Monday, July 28
Supporting the ethical development of UK spaceports
Northumbria University — 5:36 am ET (0936 GMT)


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