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?
Gives Solyndra a whole new meaning.
"I don't think it's selfish, to eat defenseless shellfish." -NOFX
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.
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.
There are nails in the coffin, and then there's the coffin being doused in gasoline, lit on fire, pissed on, dropped from 30,000 feet with lit sticks of dynamite inside.
The world's burning. Moped Jesus spotted on I50. Details at 11.
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.
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