Sky and Space Global (SAS), formerly a UK-based company with branches in the UK, Israel and Australia, focused on providing communications infrastructure and services using nanosatellite technology. They planned to deploy a constellation of up to 200 nanosatellites in low Earth orbit for narrowband communications and aimed to offer affordable communication coverage globally. SAS's activities included developing software systems for satellite deployment, orbit control, and managing communication networks in space; however, the company faced financial difficulties and was delisted from the Australian Stock Exchange in 2021. The company's "Three Diamonds" demonstration satellites were built by GomSpace.
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In 2018 Gomspace laid off about one third of its workforce after canceling a contract with Sky and Space Global for a 200-cubesat order following missed payments.
Virgin Orbit previously invested in Sky and Space Global, a company developing a constellation of communications satellites.
Virgin Orbit has taken a stake in the satellite communications company Sky & Space Global.
Virgin Orbit will take a stake of no less than 14.7% in Sky and Space Global by purchasing shares at A$0.20 (US$0.14) each.
Sky and Space Global will sign a three-year launch services and consulting agreement with Virgin Orbit for A$1,000,000 per year.
Virgin Orbit will receive options to purchase seven million additional Sky and Space Global shares at A$0.40 each over the next three years.
Sky and Space Global planned to sell 11 million shares at A$0.20 each, representing A$2.2 million, in an Australian Securities Exchange filing.
Sky and Space Global proposed to launch a constellation of 200 cubesats to provide communications services.
Virgin Orbit plans to invest in Sky and Space Global and partner with it on launch and satellite services.
Sky and Space Global launched an initial three satellites in 2017.
Sky and Space Global entered voluntary administration one day after Myriota completed a $19,300,000 Series B to fund a constellation of 25 small satellites.
Sky and Space Global launched three prototype satellites in 2017.
Sky and Space Global anticipated launching service-grade satellites in early 2021 but had not raised the funding to do so.
Sky and Space Global transferred control of the company on 2020-04-06 to an accounting firm to preserve some or all of its business.
Sky and Space Global had raised 47 million Australian dollars in equity as of a January investor presentation.
Sky and Space Global was seeking to raise $14,200,000 to build and launch an initial eight satellites.
Difficulty obtaining financing moved Sky and Space Global’s target launch from late 2019 to the end of 2020.
GomSpace laid off 80 of its 230 employees 2019 in part because of a lack of anticipated business with Sky and Space Global.
Sky and Space Global had 1.9 million Australian dollars on hand as of 2019-06-30, down from 8.9 million Australian dollars at the same time last year.
Sky and Space Global received a British tax rebate worth £1,430,000in October.