This is NOT good news in my opinion has nothing to do with SAS and flags GomSpace's intention to not only build nano sats but also send them up operationally under their own banner! And therefore direct competition to SAS in the sat nav field. Tracking aircraft and shipping is just the beginning. And now their commercial aligned with Launcher One! Great!
See quote from GomSpace CEO Niels Buus: "GomSpace is always happy to take another step forward as a global leader in the nanosatellite community. Virgin Orbit and LauncherOne are a key part of building out our ADS-B and AIS monitoring constellation, which is going to fill a need that is both socially and commercially important," said GomSpace CEO Niels Buus. "Seeing the great work happening here at Virgin Orbit's rocket factory today, we are more excited than ever for our flight on LauncherOne."
Does anyone else question GomSpace new conflict of interest not to mention they have the majority of IP as the manufacturer of SAS's proposed PEARLS?
At least GomSpace don't need to acquire funding as they can manufacture and horizontally integrate into their core business.
SAS Price at posting:
17.5¢ Sentiment: Sell Disclosure: Held