October Investment Activity
October 6 – Eutelsat Communications S.A. (Eutelsat) announced that it agreed to invest an additional $165m in OneWeb Holdings Limited (OneWeb) to increase its ownership interest in the company from 17.6% to 22.9%. According to Eutelsat, the terms of the new investment, which involved taking a portion of a call option subscribed by Bharti Global Limited (Bharti), were identical to those of Eutelsat’s $550m investment announced in April of this year. Following closing of the transaction, Eutelsat will be OneWeb’s largest shareholder after Bharti, which will continue to hold the single largest stake, with a 30% ownership interest in the company.
October 25 – ABL Space Systems Company (ABL) announced that it raised an additional $200m from existing investors through an expansion of its Series B investment round, adding to the $170m raised in March of this year when the round was first announced. The new funding, which ABL plans to use to scale production of its RS1 launch vehicle, takes the company’s valuation from $1.3b to $2.4b.
