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LightSquared Satellite Disabled By Last Week's Solar Storm

Posted by timothy on from the it's-in-the-cloud dept.

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."

1 of 70 comments (clear)

  1. Interesting by Anonymous Coward · · Score: 5, Interesting

    Interesting, LS doesn't happen to have an insurance policy on that baby that would payoff if it failed do they?