LEO News

Bloomberg • Irene Garcia Perez, Reshmi Basu

Creditors challenge transfers of LEO satellite network assets as illegal

Creditors to Optimum, Altice and Telesat are challenging the transfer of assets tied to a low-Earth-orbit satellite network, alleging the moves were illegal. The dispute puts the ownership and control of satellite-network assets at issue, though the available report does not detail the transactions or the creditors’ requested remedies.

2026-11-03T08:05:09.519730-08:00

LEO

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Creditors challenge transfers of LEO satellite network assets as illegal

Creditors to Optimum, Altice and Telesat are challenging the transfer of assets tied to a low-Earth-orbit satellite network, alleging the moves were illegal. The dispute puts the ownership and control of satellite-network assets at issue, though the available report does not detail the transactions or the creditors’ requested remedies.

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Via Satellite

High activity

IRIS², OneWeb and Lightspeed put Europe’s LEO ambitions under scrutiny on contracts, returns and schedules

MDA Space won an initial antenna contract for 66 IRIS² satellites Thales Alenia Space aims to deliver in 2029, as Eutelsat forecasts $11 billion in IRIS² revenue for 2032–40 and OneWeb approaches EBITDA break-even. Telesat, meanwhile, pushed global Lightspeed service back three months to mid-2028 amid falling revenue and looming debt maturities.

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MDA Space to supply digital antenna systems for first 66 IRIS² satellites under €100M-plus Thales Alenia Space agreement

MDA Space will build AURORA broadband digital phased-array antennas and controllers for the first 66 satellites in Europe’s IRIS² secure-connectivity constellation. The agreement with Thales Alenia Space is valued at more than €100 million, with the satellites scheduled to launch in 2029.

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DIA warns China and Russia are expanding counterspace capabilities as China’s satellite fleet triples

A new Defense Intelligence Agency assessment says China has tripled its intelligence, surveillance and reconnaissance satellite fleet since 2018 and is expanding systems to track and target U.S. and allied forces. The report also reviews China’s reusable spaceplane and warns of growing Chinese and Russian counterspace capabilities, including potential directed-energy weapons in orbit.

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SpaceNews.com

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NASA ends Swift observatory science mission as low orbit and failed reboost effort close out operations

NASA has ended science operations for the Neil Gehrels Swift Observatory, which has descended to less than 171 miles (275 kilometers) above Earth. Atmospheric drag at that altitude prevents its telescopes from steadily observing targets, following a failed commercial-spacecraft attempt to raise the observatory’s orbit.

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