Bessemer’s Tess Hatch on the evolving aerospace market and COVID-19 adjustments

The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and investors — but the complications of the global pandemic are being felt by both. Bessemer Venture Partners investor Tess Hatch has been...

OneWeb to file for bankruptcy as effort to securing funding, including from investor Softbank, falls through

Broadband constellation satellite operator OneWeb has officially filed for bankruptcy protection in the U.S., after attempts to secure new funding, including from existing investor SoftBank, fell through, TechCrunch has learned. The Financial Times also reported on...

OneWeb confirms layoffs and potential launch schedule delays amid reported bankruptcy considerations

Satellite operator OneWeb has confirmed that its workforce has been reduced via layoffs, after TechCrunch learned that it reduced its workforce by as much as 10 percent this week. The company did not confirm the total size of the layoff, but provided a statement to...

SpaceX will launch Intelsat’s next satellite using a re-used Falcon 9 in 2022

Intelsat has tapped SpaceX for the launch of its Intelsat 40e spacecraft, a high-throughput communications satellite that will join the company’s existing geostationary network. The satellite is being built by Maxar, Intelsat announced last month, and will be carried...