Manifest Space: Powering Up O3B mPOWER & Europe’s Starlink Competitor with SES CEO Adel Al-Saleh 12/19/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 20 December 2024

⏱️ 16 minutes

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Summary

Earlier this week, SpaceX launched its third rocket in a 24-hour span to launch for SES, a communications satellite operator. The mission, launching the Luxembourg-based company’s O3B mPOWER satellites, will carry upgrades to address power issues experienced on earlier additions to the constellation. As the rocket awaited liftoff, SES CEO Adel Al-Saleh joined Morgan Brennan to discuss the future of broadband, competing with SpaceX’s Starlink, and the latest on the company’s $3 billion acquisition of U.S. based Intelsat.

Transcript

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0:00.0	Earlier this week, SpaceX launched its third rocket in less than 24 hours, a mission conducted for one of its oldest launch customers, Luxembourg-based communication satellite operator, SES.
0:14.0	The demand for satellite communication, satellite capacity is very robust. The growth is coming from multiple sectors. We're seeing big demand for what we have and big anticipation for what's coming.
0:27.6	What's coming is two new broadband satellites, the 7th and 8th O3B M power satellites,
0:33.6	destined for medium earth orbit and carrying upgrades to address power issues experienced on earlier spacecraft from the Boeing-made constellation.
0:41.0	In an interview that started with a fueled Falcon 9 poised for countdown on the pad and ended minutes after a successful launch,
0:49.8	I spoke with SES CEO Adele-Al-Salé about the significance of this mission.
0:55.0	Our first six satellites, which are in orbit already for this Empower constellation,
1:00.0	had some technical issues.
1:02.0	So they were running at sub-capacity, if you will, for the last several months, right, since April when we put them in operations.
1:10.0	These two satellites are fully healthy.
1:12.6	We've fixed a technical issue with Boeing that we worked on tirelessly for the last few months.
1:17.3	So they will increase the capacity of the constellation significantly, more than 30% boost in that capacity.
1:24.8	On this episode, Al Salé, who took the helm in January,
1:28.0	discusses the future of broadband and competing with SpaceX's Starlink,
1:31.7	and shares an update on the $3 billion acquisition of U.S.-based IntelSat.
1:37.5	I'm Morgan Brennan, and this is Manifest Space.
1:40.9	You've got a key milestone unfolding as we speak. That's right, Morgan. We're waiting. We've got a key milestone unfolding as we speak.
1:45.0	That's right, Morgan. We're waiting. We got a launch that's very important to us today.
1:50.0	Two additional empower satellites that are going up. The rocket is in a launch position.
1:56.0	It's fueled. We're waiting for the countdown, but you know, we need the weather to cooperate with us a little bit.
2:01.2	The weather is still a little bit finicky.
2:02.6	But let's see.
	...

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