SINGAPORE — Small GEO-orbit satellite manufacturer Astranis Space Technologies, which has booked multiple new orders and plans launches in 2024 and 2025, said it is holding the line on prices despite the near-doubling of satellite insurance premiums in recent months.
San Francisco-based Astranis has an unusual business model in which it launches a satellite on behalf of a customer, usually a regional operator focused on a specific national territory, that agrees to lease the capacity for 10 years. Ownership remains with Astranis.
That means it . . .
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