UrtheCast surprises investors with customer contract reversals

by Peter B. de Selding

WHITEFISH, Montana — Satellite geospatial imagery provider UrtheCast is struggling to explain to investors how it is that major contracts for its novel optical-radar satellite constellation, said to be imminent in May, have now disappeared as customers rethink their strategy.

One of those contracts was thought to be with the government of Kazahstan, where officials said earlier this year said a final deal under which the government would purchase a synthetic-aperture radar (SAR) satellite from UrtheCast was all but decided.

The Kazakh space agency, KazCosmos, whose approval was . . .

To view the entire article, become a subscriber!

You may also like