Chinese company agrees to buy Israeli satellite company
Wheels within wheels: A Chinese company, managed by a Luxembourg company that in turn delegates management of its satellites to an Israeli-based company, has made a deal to purchase Spacecom, a different Israeli company that operates and owns the Amos fleet of communications satellites.
Observers said the deal could meet up with opposition from regulators, including the Communications Ministry. But Pollack said the transaction would be done in accordance with Spacecom’s license terms, which require the satellites be operated from Israel and that the company remain Israeli. The sale would put Spacecom under the direct control of an Israeli-domiciled company called Big Bird, which is managed by Major General (Res.) Ami Shafran, a former head of the Israel Defense Forces communications branch. Big Bird is 100%-owned by a Luxembourg company, which in turn is owned by Beijing Xinwei.
To say this financial deal is complicated is to understate the situation. Though it appears most everyone here is probably focused on making money, if I was Israeli I would be somewhat concerned that ownership of these crucial communications satellites is now going to be outside the country.
I also note the presence of Luxembourg in this space deal, illustrating again that this small European country is very much a big player in the commercial space industry.
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Wheels within wheels: A Chinese company, managed by a Luxembourg company that in turn delegates management of its satellites to an Israeli-based company, has made a deal to purchase Spacecom, a different Israeli company that operates and owns the Amos fleet of communications satellites.
Observers said the deal could meet up with opposition from regulators, including the Communications Ministry. But Pollack said the transaction would be done in accordance with Spacecom’s license terms, which require the satellites be operated from Israel and that the company remain Israeli. The sale would put Spacecom under the direct control of an Israeli-domiciled company called Big Bird, which is managed by Major General (Res.) Ami Shafran, a former head of the Israel Defense Forces communications branch. Big Bird is 100%-owned by a Luxembourg company, which in turn is owned by Beijing Xinwei.
To say this financial deal is complicated is to understate the situation. Though it appears most everyone here is probably focused on making money, if I was Israeli I would be somewhat concerned that ownership of these crucial communications satellites is now going to be outside the country.
I also note the presence of Luxembourg in this space deal, illustrating again that this small European country is very much a big player in the commercial space industry.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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