The nails continue to be hammered into NewSat’s coffin. Another asset, its launch spot with Arianespace, is gone.
Australian satellite service provider and would-be satellite operator, NewSat (ASX: NWT) has finally secured the funding needed to commit to the launch of its long-planned Jabiru-1 satellite.
NewSat has announced progress on previously announced plans to raise almost $US400m in loan funding for its planned Jabiru-1 satellite, and revealed plans to raise $US200m in new equity to fully fund the project to completion.
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