LightSquared Satellite Disabled By Last Week's Solar Storm
volts writes "Troubled LightSquared's primary Skyterra 1 satellite has been out of service since the solar storm on March 7. The company says it is 'working through the rebuild of the satellite tapping into the resources that were involved in the original program.' This development follows a stream of bad news including layoffs, default on payments, the resignation of CEO Sanjiv Ahuja and FCC rejection of a scheme to repurpose satellite frequencies for cellular data due to interference with GPS. Another kick in the teeth as company struggles to avoid bankruptcy."
They'll use this as an excuse for bankruptcy/liquidation/etc. "Don't blame us, blame the Sun."
Interesting, LS doesn't happen to have an insurance policy on that baby that would payoff if it failed do they?
Solar justice is being served.
Quick! An opportunity to redirect money from the poor to the rich! Put up another satellite!
The Sun says, "HaHa" and points at LightSquared. Classic.
First, the laws of physics conspire against them. Now the sun?
I heard that they were required to keep this satellite up as part of their (failed) agreement with the FCC, even if they mostly use the terrestrial towers. If this bird is toast, how can they foot the bill to launch another when they're out of capital? Just another nail in the coffin?
From TFS:
Another kick in the teeth as company needs struggles to avoid bankruptcy.
Yep. as company needs struggles.
Now I've been around for a while, so I'm familiar with /.'s keyboard-bashing monkey approach to editing, and the general crappy quality of summaries. But it seems to me the last couple weeks have had a high incidence, even by /. standards, of these nonsense phrases in summaries. And it's getting old.
LightSquared Satellite Disabled By Last Week's Solar Storm and Nothing of Value Was Lost
"Another kick in the teeth as company needs struggles to avoid bankruptcy." This "sentence" makes my brain bleed.
They just get hit with solar flares and fizzle out.
Seriously though, the only angle that LightSquard had was, "It's already up there, all we have to do it turn it on..." and that has just gone up in smoke. Just like their business model and momentum. It's time they go back to the drawing board and come up with a new plan, get new backers, and find a new way to do what they want to do.
Careful what you say around me.. I will assume you mean it.
The solar storm would also be an opportune cover for their opponents to damage the satellite.
I mean, you just keep hearing about one catastrophy after another with this venture. I'm sure the people working there are really stressing out, so to all of you at LightSquared trying to make this work: kudos for trying. Keep your chin up and don't lose perspective!
1. Create dummy company
2. Create functional satellite system
3. Go Bankrupt
4. Sell off hardware to "new" company
4. Profit.
Even God wants you to fail.
Another thought; since this was a put together deal by a bunch of investors to sell off at a later date, (or so it seems) it reminds me of the late 90's when groups of "investors" were buying up mom and pop dial up ISP's bundled them under the same name then selling them off, they had no intention of doing anything for the customer, the individual accounts were just a body count.
Lightsquared seems like a similar deal:
"The legal team now includes Theodore Olson, who helped George W. Bush secure the presidential election win in 2000"
http://www.dailyfinance.com/2012/03/14/lightsquared-gathers-lawyers-goes-to-war/
Ole Teddy seems like a guy that should be sent to prison for a rectal refit considering the Bush presidency was one of the single worst things to ever happen to this country.
Republicans urge FCC to allow Lightsquared: Really why? Would this have to do with their having insider knowledge and profiting from it?
http://thehill.com/blogs/hillicon-valley/technology/216273-republican-urges-fcc-to-approve-lightsquared
Congress insider trading:
http://articles.businessinsider.com/2011-11-14/politics/30396448_1_stock-market-market-moving-information-trades
Scumbags...
"If any question why we died, Tell them because our fathers lied."
According to Space News, "SkyTerra 1 is insured for about $268 million, a policy for which LightSquared paid a $37.5 million premium." You can't talk about actual coverage for a loss without having the policy in front of you. Solar flares are a pretty obvious risk for which you would want coverage, although the obvious big risk is total loss on launch.
Some mornings it's hardly worth chewing through the restraints to get out of bed.
I don't actually believe in karma, but if it did exist then this would be a very appropriate example.
As soon as it was found LightSquared interfered with GPS (which was a while ago) all permission should have been axed and the company disbanded.
Instead, because of heavy donations to the Democratic party they got the blessing of the FCC to proceed despite actual physical interference to others caused by the product, making it inevitable the company could never go to market.
Some partisans will inevitably come down on me simply because of the origin of that news. But you can't deny the connections and how obvious it was the FCC should NEVER have allowed certification not matter who was involved.
Political connections should NEVER override something as important as allowing experiments that interfere with devices as important as GPS!
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Why should the Sun be at fault if lightsquared can't be bothered to build their satellites to the correct frequency of space/time?
A parallel story would go something like this: suppose some new startup "green solar energy" company promised a miracle breakthru in technology for new solar cells and gave a current ruling political party a bunch of money in hopes so that the EPA would "look the other way" while their manufacturing facilities for these new solar cells spewed large amounts of toxic chemical wastes into the air and water all around the factories... and they were intending to build such a factory in almost every city of the USA.
They are going to blame it on piracy, or terrorism. I know it.
So they can make a profit off it. Blame it on the Sun and it's an act of god! (notice, i didn't capitalize god. good, it don't exist.)
Be seeing you...
Space pirates' vessel came under cover of sun flare, boarded and ransacked the satellite? Yarr!
Couldn't have happened to nicer people.
Did anyone even read TFA?
Give the CEO of LightSquared a bonus.
That will 'trickle down' into a campaign contribution for Obama's re-election.
That will reap benefits in the form of a federal bailout.
Part of that bailout money will go towards... a bonus for the CEO.
Lather, rinse, repeat.
Lightsquared got a $267 million dollar federal loan from the Dept of Agriculture. LightSquared's major backer is Philip Falcone, a high-level Democratic party donor and owner of Harbinger Capital, the venture fund with a $3 billion majority stake in LightSquared. And what were democrats saying about evil capitalists?
Given that Lightsquared's hardware interferes with GPS, it doesn't surprise me that their satellite wasn't designed properly either. My theory is that they designed all their hardware as cheaply as possible from back-of-the-envelope concept to implementation so as to maximize profit and were hoping that a fascist economic policy would allow them to proceed.