Feeds

First Globalstar satellites go pop

Launch failure hits schedule, shares

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Motorola satellites go haywire at a slow drip rate, but Globalstar goes a lot further - the first 12 in its network vanished in a ball of fire this week as a Ukrainian Zenit 2 blew up five minutes after lift-off. The explosion cost $160 million and whacked 40 per cent of Globalstar's stock. Loral Space & Communications, contractor and leader of the Globalstar consortium, lost 28 per cent. It's not yet clear what went wrong, but the accident will have set back the commercial launch of the network, due next year, by several months. Globalstar still intends to be operational by the end of next year, but is likely to be using a 32 satellite network initially, rather than the 48 originally projected. It also says that although the lost satellites were insured, it will face another $185 million in associated costs, and is seeking additional financing to cover this and similar contingencies. The consortium says it has launch dates with Russian rockets over the next four months that will be enough to replace the lost rockets. The accident will however increase the growing scepticism on the viability of satellite networks, caused by doubts over potential markets and a string of accidents and malfunctions over the past few months. And under current financial circumstances, Russia may not turn out to be the ideal place to be planning to launch satellites from. ®

Remote control for virtualized desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.