NewSat ground assets are bought in fire sale but Jabiru-1 satellite remains unsold

by | Jul 11, 2015 | Satellites | 0 comments

The administrators for the bankrupt Australian satellite operator NewSat LLC have found a buyer for its assets.  The Australian firm Speedcast has taken over the NewSat’s teleport facilities in Adelaide and Perth for only Aus$12 million in what is being described as a “fire sale”.  Some 20 employees of NewSat have had their jobs saved as a result.  The part completed Jabiru-1 satellite remains unsold however, and is still at its manufacturer Lockheed Martin.  Similarly the “asset” of the satellite’s launch booking on Ariane 5 has also not been sold.

The Malaysian satellite operator, Measat, who originally planned to use the communications payload of Jabiru-1 with NewSat, reportedly failed to buy the satellite despite offering upto US$250 million.

Update:  While Measat hopes to eventually buy Jabiru-1, of more immediate interest was the fate of the US$115 million launch booking on an Ariane 5 ECA.  The 1 August 2015 deadline set by a Delaware court has now passed for Measat to acquire this, and this contracted booking will now be returned to Arianespace.

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to

Related Articles

Newsat has Jabiru-1 construction cancelled by court

The bankrupt Australian Newsat company came the end of the line after a Delaware court ruled that Lockheed Martin had the right to Read more

NewSat falls into bankruptcy administration

The Australian prospective satellite operator, NewSat, has filed for Chapter 15 US bankruptcy protection after financing problems and being put into administration Read more

Russia builds and launches Khayyam spy satellite for Iran plus 16 cubesats onboard Soyuz 2-1B Fregat (corrected)

Russia successfully launched a Soyuz 2-1B Fregat from their Baikonur Cosmodrome site at 0552 GMT on 9 August. The launch's Read more

Launch on 9 August: a Ceres-1 rocket flies successfully again on third flight

Galactic Energy of China launched the third Ceres-1 (aka Gushenxing-1) solid rocket four-stage launch vehicle successfully with its lift off Read more

India’s quick response SSLV small launch vehicle fails on first mission

The maiden flight of India's latest rocket, the SSLV, has gone wrong. After an apparent successful launch from the Satish Read more

China launches carbon monitoring environmental satellite

China successfully launched a Long March 4B (CZ-4B) rocket from the Taiyuan Satellite Launch Center at 0308 GMT on 4 Read more

From South Korea to the Moon: “Danuri” launches successfully

SpaceX successfully launched a Falcon 9v1.2FT Block 5 rocket from Cape Canaveral, USA at 2308 GMT on 4 August. The Read more

ULA’s Atlas V launches SBIRS GEO-6 missile detection satellite

A ULA Atlas V 421 rocket has carried the SBIRS GEO-6 missile early warning satellite into Geostationary Transfer Orbit (GTO) Read more