Space SPAC Index: SatixFy Plunges 68% on Stock Sale, BigBear.ai’s Big Contract, AST SpaceMobile Signs MOU with Brazilian Telecom, BlackSky JV Appoints New CEO

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Shares of SatixFy Communications (NYS: SATX) plunged by $4.94 (68.3 percent) to $2.29 on Tuesday following the announcement that the Israeli satellite communications equipment manufacturer is looking to sell up to 28.4 million shares and $1 million in redeemable warrants.

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Space SPAC Index: BigBear Sells More Stock, Management Changes at Satixfy, Spire Global & Virgin Galactic Plus News About Planet Labs & Virgin Orbit

SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

Welcome to S-SPACi.

This week BigBear.ai sells more stock, management is shaken up at three space SPACs, Momentus signs a contract with FOSSA, Planet Labs teams with NASA to mitigate global food shortages, and Virgin Orbit’s price target gets cut in half after launch failure.

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SatixFy Names David Ripstein as CEO to Lead its Next Phase of Growth

Co-Founder Yoav Leibovitch to remain as SatixFy’s Chairman and CFO

Business combination with Endurance Acquisition Corp. (NASDAQ: EDNC) on track to close in 2H 2022

NEW YORK & REHOVOT, Israel (SatixFy Communications Ltd. PR) — SatixFy Communications Ltd. (“SatixFy”), a developer of state-of-the-art satellite communication equipment and systems, today announced that it has appointed David Ripstein, previously CEO of RADCOM (Nasdaq: RDCM) and GreenRoad Technologies, as its new CEO, effective June 27, 2022. Mr. Ripstein will succeed Yoav Leibovitch, SatixFy’s Co-Founder, Chairman, Interim CEO and CFO, who will remain the company’s Chairman and CFO.

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UK Companies Join Forces to Build Revolutionary Beam-hopping Satellite

Rendering of the ELSA-M satellite in orbit. (Credit: Astroscale)

LONDON, 24 May 2021 (OneWeb PR) — A group of UK space tech companies are developing a new beam-hopping satellite that will allow satellites to switch which part of the world they cover, managing real-time surges in commercial demand or responding to emergencies such as natural disasters, thanks to Government funding.

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Astroscale UK Signs £2.5 Million Agreement to Develop Space Debris Removal Technology Innovations with OneWeb

Rendering of the ELSA-M satellite in orbit. (Credit: Astroscale)

DIDCOT, UK, May 24, 2021 (Astroscale UK PR) – Astroscale UK announces funding award from partners OneWeb, the global satellite communications network, to mature their technology and capability towards a commercial service offering by 2024.

This latest £2.5 million [$3.5 million] award forms part of a larger beam-hopping satellite programme, totalling over £32 million [$45.3 million], granted from the UK Space Agency, via the European Space Agency’s Sunrise Programme to partners including OneWeb, SatixFy, Celestia UK and Astroscale UK.

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OneWeb and SatixFy to Launch a Digital Technology Pathway Payload in 2021

London and Farnborough, UK – 13 January 2020 (OneWeb/SatixFY PR) —  OneWeb and SatixFy UK today announce plans to add a digital technology pathway payload that will include a full digital payload into OneWeb’s launch schedule during 2021.

This new technology will pave the way for satellites with a higher level of flexibility to efficiently support peaks in demand without oversizing the constellation.

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