Global Markets - Latest Developments


Paris, France, August 1, 2025

The International Astronautical Federation (IAF)  announced the recipients of its most prestigious award: the IAF World Space Award 2025. As the IAF’s highest honor, traditionally described as the “Oscar in Space”, this award is presented to individuals and teams whose outstanding contributions have made a lasting global impact on space science, technology, law, medicine, or management.

Kaiserslautern, Germany., July 25, 2025

Creonic GmbH, the leading provider of cutting-edge communications IP cores, is proud to announce that it has successfully renewed its ISO 9001:2015 certification. This underscores the company's commitment to managing quality, satisfying customers, and continuously improving its processes.

Los Angeles, Calif., July 23, 2025

Innovative Rocket Technologies Inc. (iRocket), a next-generation reusable space rocket developer, and BPGC Acquisition Corp., a special purpose acquisition company (SPAC) sponsored by Wilbur Ross, the 39th U.S. Secretary of Commerce with more than 55 years of private equity and investment banking experience, and BPGC Management LP, an independent private equity firm dedicated to opportunistic buyouts and special situations transactions in the global industrials, materials and chemicals sectors, jointly announced today that they have entered into a definitive Merger Agreement and Plan of Merger dated July 22, 2025 in connection with the previously-announced letter of intent.

Denver, CO., July 18, 2025 

York Space Systems today announced that its parent company has agreed to acquire ATLAS Space Operations (ATLAS), a pioneer in Ground Software as a Service (GSaaS) for satellite communications. 

Luxembourg, July 17, 2025

SES, today announced the completion of its  acquisition of Intelsat, creating a strengthened global satellite operator with an expanded fleet of 120 satellites across two orbits. The newly combined company will leverage its skilled teams with deep vertical expertise to deliver integrated multi-orbit, multi-band satellite and connectivity solutions to businesses and governments around the world, creating a stronger multi-orbit operator with ~60% of revenue in high-growth segments accordingto a company statement.

Odense, Denmark, July 17, 2025

Quadsat, a provider of precise spectrum intelligence and RF geolocation solutions for satcoms and defense, today announced a €5 million extension to its Series A round, led by Join Capital and North Ventures, alongside existing investors Seraphim Space Capital, Export and Investment Fund of Denmark (EIFO), Helge Munk Holding and TPC Management.

New York, July 10, 2025 by Jason Bates

Pressure on teleport operators’ traditional business model continues to grow, driven by the rapid expansion of low-latency services delivered by low Earth Orbit (LEO) constellations. Led by Starlink, the LEO operators are cutting into the mobility and broadband markets that geostationary (GEO) operators have relied on amid the decline of their broadcast business. In turn, this has squeezed the teleports, which traditionally have provided uplink and downlink services for the GEO operators.

Riyadh, Saudi Arabia, July 10, 2025

Neo Space Group (NSG), a PIF company and Saudi Arabia’s leading commercial space services provider, announced today that the company has completed its previously announced acquisition of UP42 GmbH, the leading Earth Observation (EO) platform previously owned by Airbus Defence and Space GmbH. Following the initial announcement in December 2024, UP42 is now formally part of the NSG organization.

Usingen, Germany, July 8, 2025

Media Broadcast Satellite GmbH (MBS), a service integrator and managed gateway operator, has announced an agreement with satellite operator SES to acquire a part of its media services in Germany and the UK.