financetom
Business
financetom
/
Business
/
Japan's SKY Perfect JSAT to invest $230 million in observation satellites
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's SKY Perfect JSAT to invest $230 million in observation satellites
Feb 4, 2025 10:03 PM

TOKYO (Reuters) - Japan's SKY Perfect JSAT will invest about $230 million to build a constellation of low-Earth orbit satellites using U.S. company Planet Labs' Pelican satellite, the company said on Wednesday.

JSAT will enter the Earth observation satellite business through the investment that will be carried out by its American subsidiary, the company said.

Shares in JSAT, the biggest broadcast and communication satellite operator in Asia, rose as much as 9% after the announcement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Adobe Fiscal Q4 Results Expected to Be Positive for Sentiment, RBC Says
Adobe Fiscal Q4 Results Expected to Be Positive for Sentiment, RBC Says
Dec 5, 2024
11:57 AM EST, 12/05/2024 (MT Newswires) -- Adobe's (ADBE) fiscal Q4 results are likely to be a positive for sentiment, with pricing tailwind seen as a likely driver of potential upside, RBC Capital Markets said Thursday. The software company is scheduled to report fiscal Q4 results Wednesday. RBC expects non-GAAP earnings of $4.65 per share on revenue of about $5.53...
SentinelOne Poised to Gain 'Fair' Share in Endpoint Security Market, Wedbush Says
SentinelOne Poised to Gain 'Fair' Share in Endpoint Security Market, Wedbush Says
Dec 5, 2024
11:55 AM EST, 12/05/2024 (MT Newswires) -- SentinelOne ( S ) is well-positioned to gain its fair share in the endpoint security market heading into 2025 and beyond despite fiscal Q3 being a speed bump to its growth story, Wedbush Securities said in a note Thursday. The firm noted that the company's fiscal Q3 results released late Wednesday featured a...
Nelnet Invests in Fintech Company Edge Focus
Nelnet Invests in Fintech Company Edge Focus
Dec 5, 2024
11:58 AM EST, 12/05/2024 (MT Newswires) -- Nelnet ( NNI ) has made an equity investment in fintech company Edge Focus, expanding an existing partnership between the companies, Edge Focus said Thursday. Financial details of the investment weren't disclosed. The partnership includes a strategy to buy consumer loan portfolios, Edge Focus said. Price: 109.10, Change: -0.03, Percent Change: -0.03 ...
TotalEnergies' Underperformance Holds Opportunity for Long-Term Investors, RBC Says
TotalEnergies' Underperformance Holds Opportunity for Long-Term Investors, RBC Says
Dec 5, 2024
11:55 AM EST, 12/05/2024 (MT Newswires) -- TotalEnergies (TTE) has underperformed its peers by more than 15% since late summer due to political uncertainty in France, scrutiny over its investment in Adani Group, weaker results, and lowered expectations for liquefied natural gas earnings, RBC Capital Markets said in a note on Thursday. With TotalEnergies now trading at a modest premium,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved