Tag: satellites

Government Eases Approval Process for Foreign Direct Investment in Space Sector

India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market.

India’s space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August – and the fourth to achieve a soft landing – just days after a similar Russian mission failed.

The government said in a statement late on Wednesday that foreign companies could invest in the manufacture of components and systems or sub-systems for satellites up to 100% without approval.

Foreign firms planning to build satellites in India would not require government approval up to 74% of the investment; for investment in launch vehicles, investment could go up to 49% without such approval, the statement said.

India has privatised space launches and is aiming for a five-fold increase in its share of the global launch market, which some expect to be worth $47.3 billion by 2032. India currently accounts for about 2% of the space economy.

The country hopes that liberalised rules for the space sector, long controlled by the government, will draw interest from Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin, among others.

The foreign direct investment policy reform is expected to boost employment and will allow companies to set up manufacturing facilities in India, the government said in the statement.

“This will give India access to the latest tech advances and much-needed funds, not only from the country but from international investors too,” said A.K. Bhatt, director general of the Indian Space Association.

Space-related India stocks such as Paras Defence and Space Technologies , MTAR Technologies, Taneja Aerospace and Aviation and Apollo Micro Systems climbed 2% to 5% on Thursday.

© Thomson Reuters 2024

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Canadian Space Tech Firm MDA Gets Deal to Build 198 Satellites for Telesat

Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program.

The deal announced on Friday sparked a more than 45 percent surge in both Telesat’s Canadian and US shares, putting them on track for their best day ever. MDA, meanwhile, rose about 29 percent.

Telesat said it had earmarked $3.5 billion (nearly Rs. 29,020 crore) as capital expenditure for the Lightspeed project and that the MDA deal had helped it save $2 billion (nearly Rs. 16,580 crore).

The launches are scheduled to commence in mid-2026, with polar and global services scheduled to begin in late 2027.

By using MDA’s beam-forming array antennas and integrated regenerative processor, the redesigned Telesat Lightspeed network will achieve increased network efficiency and enhanced flexibility to focus and deliver capacity to users, the company said in a statement.

The technology would also allow each satellite to be slightly smaller than the ones Telesat was previously considering.

Telesat’s Lightspeed network is designed to serve the connectivity requirements of enterprise and government users, with highly secure, resilient, low-latency broadband connectivity anywhere in the world.

The company launched its first LEO 3 demonstration satellite aboard Rocket Lab’s Electron rocket in July.

Telesat earlier on Friday also reported second-quarter results. The company posted a profit of CAD 519.9 million (nearly Rs. 3,210 crore), compared with a year-ago loss of CAD 4.38 million (nearly Rs. 27 crore). Revenue fell 4 percent. 

© Thomson Reuters 2023

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Offshore Online Gaming Companies in India Mandated to Register Their Business



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Old NASA satellite falling from sky this weekend, low threat

A 38-year-old retired NASA satellite is about to fall from the sky.

NASA said Friday the chance of wreckage falling on anybody is “very low.” Most of the 5,400-pound satellite will burn up upon reentry, according to NASA. But some pieces are expected to survive.

The space agency put the odds of injury from falling debris at about 1-in-9,400.

The science satellite is expected to come down Sunday night, give or take 17 hours, according to the Defense Department.

The California-based Aerospace Corp., however is targeting Monday morning, give or take 13 hours, along a track passing over Africa, Asia the Middle East and the westernmost areas of North and South America.

The Earth Radiation Budget Satellite, known as ERBS, was launched in 1984 aboard space shuttle Challenger. Although its expected working lifetime was two years, the satellite kept making ozone and other atmospheric measurements until its retirement in 2005. The satellite studied how Earth absorbed and radiated energy from the sun.

The Earth Radiation Budget Satellite was launched out of the space shuttle Challenger in 1984.
AP

The satellite got a special sendoff from Challenger. America’s first woman in space, Sally Ride, released the satellite into orbit using the shuttle’s robot arm. That same mission also featured the first spacewalk by a U.S. woman: Kathryn Sullivan. It was the first time two female astronauts flew in space together.

It was the second and final spaceflight for Ride, who died in 2012.

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