Sky and Space Global, still living hand to mouth, secures extension of GomSpace contract deadline

by Peter B. de Selding

PARIS — Narrowband voice and data communications startup Sky and Space Global Ltd., still on a financial knife edge, said it had $1.36 million in cash as of June 30 and expected to need 80% of that to cover costs through September.

The company said it was continuing to pursue financing options and had negotiated yet another contract-negotiation extension with satellite builder GomSpace, until Aug. 31, to secure financing for Sky and Space’s satellite constellation.

The repeated delays in activating the GomSpace contract . . .

To view the entire article, become a subscriber!

You may also like