Subsea internet cable issues lift Rivada Space Networks

News Snapshot:

WASHINGTON — Soaring demand for backup connectivity after subsea cables were cut in the Red Sea is helping push Rivada Space Networks closer to fully financing its $2.4 billion constellation plans, according to CEO Declan Ganley. In the weeks following an incident affecting a quarter of the internet traffic passing between Asia, Europe, and the Middle East, Ganley said March 20 that enterprises have been flocking to the company to learn how its proposed low Earth orbit (LEO) network could provide redundant connectivity between continents. This redundant connectivity need is “something that I hadn’t really fully anticipated in our order...