Word is that Starlink secured a large contract that Hughes was actively bidding for, which could lead to more layoffs on the enterprise business side of things. Anyone have more info about this?
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@4an oh, and Amazon Leo has launch capabilities too. Hughes has to ride with someone else (like OneWeb or SpaceX).
@3cs like this? https://www.hughes.com/what-we-offer/satellite-services/managed-leo
And this? https://leo.amazon.com/
Yup, simple Googling could have revealed that.
Kind of hard to compete and sell a LEO deal when the company doesn't have a LEO satellite system to begin with.....
Hughes lack the ability to 'google' things. They're worried about Starlink taking Hughes business but that's been foreseen since pre-pandemic. What Hughes isn't seeing is that Amazon is THE direct competitor of Hughes (Amazon Leo).
If you look at that website, and the business areas they provide, they're all Hughes' business areas. Yet, these Hughes executives still do not have a plan about that. They're too slow to react.
The deal that Starlink won was with Lufthansa. It was reported in the business press last week. How that miss in Echostar’s and Hughes’s forecast and any related layoffs because of it is unclear. The company, at least Hughes, was and is a sinking ship with or without this deal.
so basically the aero deals that were announced last quarter did not materialize ?
Hughes has been losing leo deals to starlink for two years now. This is nothing new.