Appaloosa LP is an investment firm that holds economic interests in space-related companies. Recent activities include advocating for changes in board governance and shareholder returns at satellite service providers like SES and Intelsat. They also invest in companies involved in space exploration, such as Intuitive Machines.
All verified mentions of this organization in source documents.
Appaloosa purchased a 7% stake in Virginia- and Luxembourg-based Intelsat last month with the purpose of pushing Intelsat to seek a larger share of clearing payments.
Hedge fund Appaloosa of Short Hills, New Jersey took a 7.4% stake in Intelsat to compel the company to demand more clearing payments from the FCC.