TWO GIANTS IN THE SATELLITE TELECOM INDUSTRY JOIN FORCES TO COUNTER STARLINK

Summary from the TLDR newsletter

Luxembourg-based SES is buying Intelsat for $3.1 billion. The acquisition will create a combined fleet of around 100 multi-ton satellites in geostationary orbit, more than twice the size of the next-largest commercial geostationary satellite operator. It is expected to close in the second half of 2025 and is pending regulatory approvals. Satellite operators are seeing an uptick in demand, and the US military's appetite for commercial satellite communications is going up. Both companies maintain hundreds of millions of dollars of business with the US government each year.