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Sam Bankman-Fried pleads not guilty in the US government’s criminal case over FTX crash

January 3, 2023 Published by [email protected] (Sindhu Sundar,Jacob Shamsian)

Business Insider

Sam Bankman-Fried outside at the federal court in Manhattan.

Jeenah Moon/Reuters

Sam Bankman-Fried entered a plea of not guilty to the fraud and conspiracy charges against him, according to reports.
The plea can serve as a placeholder if he decides to negotiate a deal with prosecutors.
If Bankman-Fried doesn’t reach a deal with the government, the case would head to a trial.

Sam Bankman-Fried pleaded not guilty in the US government’s criminal case against him over the collapse of his crypto exchange FTX, Reuters reported.

At a hearing on Tuesday before US District Judge Lewis Kaplan in New York, Bankman-Fried’s lawyer spoke for him, saying, “He pleads not guilty to all counts,” AP reported.

Bankman-Fried’s plea, which wasn’t a surprise, doesn’t necessarily mean he’ll definitely be fighting the charges and heading to a trial. It’s more likely a placeholder in the early stage of the proceedings, which will give him time to get a sense of the prosecutors’ case against him and if he’s interested in trying to strike a potential plea deal.

Bankman-Fried is facing 8 criminal counts against him over what the US government has described as an epic fraud that led to the loss of $8 billion in FTX customer funds. The charges against Bankman-Fried — including wire fraud and conspiracy to commit money laundering — carry penalties that could amount to life in prison for the 30-year-old.

Two of his top lieutenants, Caroline Ellison and Gary Wang, have already pleaded guilty to charges stemming from the scheme and are cooperating with prosecutors.

Bankman-Fried could already be engaged in discussions with prosecutors — a process that can take time — about a potential resolution that could avert a trial, white-collar experts said.

“You have to enter a plea as a matter of course, so he has to answer the charges and enter the plea,” said Mark Kasten of Buchanan Ingersoll & Rooney. “Just because he enters a plea of not guilty, it doesn’t mean he’s not working with prosecutors.”

The court would ultimately decide on the length of any sentence, taking into consideration factors including the size of the scheme, and the degree to which Bankman-Fried admits guilt.

After a hearing last month, his first in the case after being extradited to the US from the Bahamas, Bankman-Fried was released on a $250 million bail agreement that requires him to stay put at his parents’ home in California.

The next steps in the case can involve more hearings as the court helps to tee the case up for a possible trial. The parties can also expect to receive court deadlines to file various pre-trial motions, and to determine rules for the discovery process, which will involve going through reams of documents from FTX and Alameda Research, a crypto hedge fund that Bankman-Fried also controlled.

Bankman-Fried separately also has civil lawsuits pending against him by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. How those cases proceed would also depend on the course of the criminal case. A criminal trial, for instance, could help him put civil suits against him on hold. He may also reach a plea agreement that would resolve those civil cases as well.

Read the original article on Business Insider

Lawyer: Suspect in University of Idaho slayings believes he’ll be exonerated

January 3, 2023 Published by Zach Schonfeld

Just In | The Hill

The suspect accused of fatally stabbing four University of Idaho students believes he’ll be exonerated, his attorney told NBC.

Jason LaBar, the public defender representing Bryan Kohberger, said on the “Today” show that Kohberger said he did not commit the November stabbings, which gained national attention as police looked for a suspect for weeks before arresting Kohberger last week.

“It is a little out of character. He said this is not him,” LaBar said on NBC. “He believes he’s going to be exonerated. That’s what he believes. Those were his words. So he’s really been very easy to talk to, actually, and he’s in a calm demeanor.”

Authorities arrested Kohberger at his parents’ home in Pennsylvania on Friday, and he is scheduled to appear at an extradition hearing in Monroe County on Tuesday afternoon. He was seen entering the Pennsylvania courthouse earlier on Thursday, NewsNation reported. NewsNation is owned by Nexstar, which also owns The Hill.

LaBar indicated Kohberger would likely sign the extradition paperwork, which would pave the way for him to be transferred to Idaho for further proceedings.

Kohberger, 28, faces four counts of first-degree murder and a felony burglary charge filed in Idaho in connection with the incident.

He is accused of killing Kaylee Goncalves, 21, Madison Mogen, 21, Xana Kernodle, 20, and Ethan Chapin, 20. The four Idaho students were found dead in a rental property near campus on Nov. 13.

Kohberger’s family issued a statement on Sunday indicating it was cooperating with law enforcement to promote his “presumption of innocence” in the case.

“They don’t believe it to be Bryan. They can’t believe this,” LaBar said on NBC.

“They’re obviously shocked,” he added. “This is currently completely out of character, the allegations. And really they’re just trying to be supportive with the understanding these four families have suffered loss so that they’re sympathetic towards that. And that’s why it should remain really private, and they don’t want to try this case in the court of public opinion.”

Court Battles, Blog Briefing Room, State Watch, Bryan Kohberger, University of Idaho Stabbings Read More

Blinken reminds Israel Biden admin committed to ‘two-state solution’ following Netanyahu appointment

January 3, 2023 Published by

Latest & Breaking News on Fox News

Secretary of State Antony Blinken congratulated Israel’s Eli Cohen on his appointment as foreign minister and reminded the newest appointee in the Netanyahu administration of the U.S.’s position when it comes to a two-state solution with its Palestinian neighbors.

In a call Monday, the pair discussed U.S. – Israeli relations, mutual interests and regional security. However, according to a readout, Blinken also “emphasized the continued U.S. commitment to a two-state solution and opposition to policies that endanger its viability.”

The comments from the secretary comes just days after Benjamin Netanyahu was sworn in as Israeli Prime Minister for the sixth time in a dramatic return to power.

BENJAMIN NETANYAHU RETURNS TO POWER IN ISRAEL AS NEW GOVERNMENT IS SWORN IN

Netanyahu was ousted in Jun 2021 and is still on trial for corruption charges.

However, the popular right wing figurehead – who secured another term and ushered in one of the most hard-right cabinets Israel has seen – is expected to push for settlement advancement in the Palestinian West Bank, reported Reuters.

Netanyahu has allied his party with the Religious Zionism and Jewish Power parties which opposed Palestinian statehood.

Leader of the Religious Zionism party, Bezalel Smotrich, was also appointed as minister of finance Sunday and vowed that “Israel will be an island of stability and responsibility,” Reuters reported.

HOLY LAND FIGHT: ISRAELI LAWMAKERS CONDEMN EU’S ‘ILLEGAL’ ACTIONS ON BIBLICAL LAND

Israel’s police minister appointee, Itamar Ben-Gvir, has also turned heads as he was reportedly convicted in 2007 for inciting violence against Arabs and supporting a Jewish militant group.

The newest police minister made headlines during his campaign for saying “every police officer should know that if a terrorist comes to hurt you his blood is forfeit,” Reuters stated.

Netanyahu vowed to prioritize countering Iranian aggression and bringing peace to the region following his election; however, some fear concessions he made to his hard right cabinet could see further violations to boundaries identified under a 1967 U.N. resolution.

President Biden also congratulated Netanyahu and his administration upon securing the high office, but he stood firm on his desire for a two-state solution when it comes to Israel-Palestinian relations.

“The United States will continue to support the two-state solution and to oppose policies that endanger its viability or contradict our mutual interests and values,” he said.

DeSantis: Soft on crime policies, ‘woke ideology,’ sparked ‘mass exodus’ to Florida from Democrat-run cities

January 3, 2023 Published by

Latest & Breaking News on Fox News

Florida Gov. Ron DeSantis said Democratic “soft on crime” policies and “woke ideology” in other states were the reasons why Florida is the fastest-growing state in the country.

During his second inaugural address on Tuesday, the newly re-elected Republican governor contrasted his governing philosophy with that of Democrat-run cities and states. Characterizing Florida as a “promised land of sanity,” DeSantis emphasized his commitment to backing law enforcement as opposed to the “defund the police” movement.

“We will always support law enforcement and we will always reject soft on crime policies that put our communities at risk,” he said.

DeSantis attributed Florida’s fast-growing population to his administration’s support for “law and order” and the conservative principles guiding his government. Data released by the Census Bureau last month showed Florida’s population grew to 22,244,823 between 2021 and 2022, an increase of 1.9% in one year. It was the first time since 1957 that Florida was the state with the largest percent increase in population.

DESANTIS CALLS FLORIDA ‘LAND OF SANITY,’ SLAMS BIDEN POLICIES WITH INAUGURAL ADDRESS

The Census Bureau reported that areas of the country with blue states, the Northeast and Midwest, each lost population as Americans are moving to the South and the West. While Florida was the fastest-growing state, Texas was the largest-gaining, reaching a total population of 30,029,572 million. Texas and California are now the only two states with a population exceeding 30 million.

Calling upon the well-known metaphor of the 50 U.S. states as a “laboratory of democracy,” DeSantis said Florida’s growth showed Democratic experiments with radical-left policies are failing.

FLORIDA IS THE FASTEST-GROWING STATE IN THE US FOR THE FIRST TIME SINCE 1957: CENSUS BUREAU

DESANTIS TO BE SWORN IN FOR SECOND TERM AS FLORIDA GOVERNOR, BUT EVERYONE IS WAITING FOR HIS 2024 PLANS

“The policies pursued by these states have sparked a mass exodus of productive Americans from these jurisdictions, with Florida serving as the most desired destination, a promised land of sanity,” DeSantis said.

“Many of these cities and states have embraced faddish ideology at the expense of enduring principles,” he continued. “They’ve harmed public safety by coddling criminals and attacking law enforcement. They’ve imposed unreasonable burdens on taxpayers to finance unfathomable levels of public spending. They have harmed education by subordinating the interests of students and parents to partisan interest groups. They have imposed medical authoritarianism in the guise of pandemic mandates and restrictions that lack a scientific basis.

“This bizarre but prevalent ideology that permeates these policy measures purports to act in the name of justice for the marginalized. But it frowns upon American institutions. It rejects merit and achievement. And it advocates identity essentialism,” DeSantis said. “We reject this woke ideology. We seek normalcy, not philosophical lunacy. We will not allow reality, facts and truth to become optional. We will never surrender to the woke mob. Florida is where woke goes to die.”

Bernstein says crypto industry set to rebound from this latest ‘winter’ like it has before

January 3, 2023 Published by Tanaya Macheel

US Top News and Analysis

If history is any indication, crypto prices will rally exponentially when this crypto winter is over, according to Bernstein. Bitcoin finished 2022 at $16,664, posting a 64% loss for the year and ending more than 75% off its November 2021 all-time high. Even at the current lows, however, the cryptocurrency is up roughly 60% from its 2014 bottom and is 5 times greater than its 2018 lows. “Prior to 2022, crypto has gone through two winters in its 13-year history and the track record of buying into crypto stress has been spectacular,” said Bernstein analyst Gautam Chhugani in a note Monday. “Crypto as an industry has a great track record of fighting back from its lows and taking punches when down.” In 2014, bitcoin posted a 58% loss for the year and fell as low as $284 after beginning the year at $747. It went on to post annual returns of 36%, 120% and 1,375% in the following three years. In 2018, it fell 74% for the year, falling to as low as $3,157 at one point from its starting price for the year of $14,043. In the following three years it rose 95%, 305% and 60%. Ether showed a similar recovery. “We believe crypto is probably amongst the few industries that can clock frontier-tech-like growth, in a broadly maturing tech landscape,” he added. “Today, crypto touches less than 5% of total internet users with significant headroom for application led adoption.” That focus on applications is part of a critical shift crypto has undergone in the current cycle, according to Chhugani. The industry has pivoted from the “early days of ‘crypto-currency'” and is now more focused on applications and utility , he said. He also added that any criticism that crypto applications are “in a speculative feedback loop and thus, we have not seen any mainstream consumer applications beyond speculation” is “fair” but can be solved. “Investors should continue to focus on the long-term consumer adoption of crypto” which “should mirror the growth of the internet, as blockchain applications become more mainstream,” he said. “Crypto today has 200 million holders, but around 10 million monthly active wallets using apps,” he added. “As blockchains scale and applications mature, we expect the monthly user base to grow 10-100x over the long term. We expect gaming, social and NFT-based digital commerce & brands to lead adoption.”

[World] Australia helicopter collision: We need to know what happened in cockpits – officials

January 3, 2023 Published by BBC News

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WATCH: Debris covers Australia’s Gold Coast after mid-air helicopter collision

By Jay Savage

BBC News, Sydney

Investigators are still trying to work out what caused a deadly mid-air collision between two helicopters on Australia’s Gold Coast, officials say.

A British couple and two Australians died in the crash on Monday near the Sea World resort in Queensland.

Three others – including two children – were seriously injured in the crash.

Officials say it happened less than 20 seconds after one helicopter took off from a sandbar and collided with another aircraft that was landing.

“What we do need to know now is what was occurring inside those two cockpits at the time,” air safety commissioner Angus Mitchell said.

All those killed and critically injured were in the ascending helicopter, which crashed within seconds after its main rotor blade struck the cockpit of the other aircraft.

English couple among victims of Australian helicopter crash

The second helicopter landed upright on the sandbank. Five of the six people on board suffered minor injuries.

The landing was a “remarkable achievement” given the helicopter was damaged “where the pilot was sitting”, Mr Mitchell said.

“We are very fortunate that we’re not standing here with far more deaths,” he told reporters on Tuesday.

The UK victims were Diane and Ron Hughes from Merseyside – aged 57 and 65 – who were married and had next of kin in Australia.

Australian media reported that 36-year-old Vanessa Tadros also died in the crash, and her 10-year-old son was among the survivors taken to hospital in a critical condition.

The fourth fatality was 40-year-old Ashley Jenkinson, an experienced Sea World Helicopters pilot who lived in the area. The Brisbane Times reported he was originally from England.

A close friend of Mr Jenkinson’s, Ritchie Gregg, told the BBC he was a “gentle giant” and a “silent hero”.

“He was always out there helping the community – from the bushfires a few years ago to the flood waters last year,” he said.

“What we did with the floods in NSW last year was definitely a highlight of my life. If it wasn’t for him, a lot of people wouldn’t have got the help that they got.”

New South Wales was devastated by floods last year, particularly near Lismore.

Police said a woman aged 33 had been seriously injured but was stable in hospital, while her nine-year-old son remained in a critical condition. They and the boy of 10 were the only survivors from the crashed helicopter.

Both helicopters were operating tourist flights for Sea World – one of several popular theme parks on the Gold Coast. Its owner, Village Roadshow Theme Parks, has offered condolences and said Sea World Helicopters is an independent operator.

At the scene

Shaimaa Khalil, BBC News

It’s difficult to square how beautiful and serene that spot of The Broadwater on the Gold Coast is with that fact it is now a major crash scene. The water is clear, there are boats and jet skis all around.

Just opposite is the sandbank where the helicopter crash happened. The wreckage of the choppers was removed earlier; authorities were finding it quite challenging before because of the tide. Now a couple of police boats remain with investigators scouring the area for more evidence. I’ve seen at least three divers going underwater to scan the sea bed.

A stone’s throw away is the Sea World theme park where people can be heard on the rides. One eyewitness said that as one of the helicopters was trying to land it hovered over the park and there was concern it would crash into crowds. This is peak holiday season and thousands are here with their children.

“If you know the Gold Coast you’d know Sea World helicopters,” one local told me. They are a common attraction and many tourists fly on them on quick tours around the area.

There are still many questions the investigators are trying to answer – most crucially is why one chopper took off in such close proximity with another that was trying to land.

The ATSB says it will conduct interviews and meticulously scour the helicopters, scene, footage, and other evidence before speculating on what caused the crash. It called on eyewitnesses to come forward.

Police said boat operators had rushed to help after the crash at about 14:00 local time (04:00 GMT), including by giving CPR.

Authorities had faced challenges accessing the sandbank and later securing evidence amid tidal changes, officials said.

The ATSB’s preliminary report is due in six to eight weeks.

Prime Minister Anthony Albanese said the country had been left shocked by the “terrible and tragic incident”.

The UK Foreign Office has said it is supporting the victims’ families and will remain in contact with local authorities.

source

We’re buying the dip in a health insurance stock that jumped in 2022

January 3, 2023 Published by Jeff Marks, Jim Cramer

US Top News and Analysis

We’re buying 10 shares of Humana (HUM) at roughly $492 apiece. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 110 shares of HUM, increasing its weighting in the portfolio to 1.96% from 1.78%. We are putting some of our approximately 10% cash position to work Tuesday afternoon, looking for buying opportunities in stocks of profitable companies with dependable earnings power that trade at reasonable valuations. Humana is our choice. Even with a nearly 4% decline Tuesday, shares were up more than 5% in the past 12 months. This criterion brought us to managed care, a reliable group that is getting hit hard in Tuesday’s selloff. Wall Street turned on the industry in the morning. Cigna (CI) was downgraded to equal weight, equivalent to a hold rating, at Wells Fargo. CVS Health (CVS) was downgraded to in-line, or hold, by Evercore ISI. The analysts’ action is bringing down shares of all the operators Tuesday. However, the pullback in Humana represents an opportunity, and we’re buying back half of the shares we trimmed slightly above $500 in early October . Here’s why. Part of the thesis for the CVS downgraded was increased competition in the Medicare Advantage (MA) space. A lot of that is coming from the revamped offering by Humana, which Evercore sees as a market share gainer. Humana gaining share in MA has been part of our bullish thesis for months, so we view Evercore’s call as confirmation. It’s also consistent with what Humana disclosed in December when it announced that “based on annual enrollment period activity to date,” it was increasing guidance for MA growth from 325,000 to 400,000 members to “at least 500,000″ members. This was big news because the revised guidance represents net membership growth of at least 10.9%, which puts the company back on track toward growth above the industry rate. In the Wells Fargo note, the analyst believes Cigna has limited opportunities for price-to-earnings multiple expansion this year after a strong 2022. But it was noted that Humana is a name to favor in the group. According to Factset, Cigna is expected to grow earnings by about 7% year over year in 2023, compared to Humana’s estimate of 11.7%. Humana trades at a higher multiple of about 17.5x those 2023 estimates. But it’s worthy of that premium due to its consistent double-digit earnings growth rate that is insensitive to shifts in the economy and interest rates. (Jim Cramer’s Charitable Trust is long HUM. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023.

Michael Nagle | Bloomberg | Getty Images

Endeavor shares fall after video shows UFC boss Dana White hitting wife on New Year’s Eve

January 3, 2023 Published by Lillian Rizzo

US Top News and Analysis

In this article

EDR

Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV.

Amy Kaplan | Icon Sportswire | Getty Images

Media and entertainment company Endeavor saw its shares fall on Tuesday after a video showing Dana White, the president of its Ultimate Fighting Championship business, slapping his wife.

Endeavor shares were down more than 8% on Tuesday afternoon.

This week, a video published by TMZ showed White getting into an altercation with his wife, Anne, at a New Year’s Eve party in Cabo San Lucas, Mexico. In the video, it appears the two are arguing before Anne White slaps Dana White. He then slaps her.

Endeavor and the UFC didn’t immediately respond to requests for comment.

White issued a public apology Monday, according to media reports. Anna White also issued a separate statement to TMZ, calling it isolated incident.

White is synonymous with UFC, having served as its president since 2001.

In 2014, White spoke out about domestic violence after Ray Rice of the NFL assaulted his fiance, saying you “don’t bounce back from putting your hands on a woman,” according to media reports. “Been that way in the UFC since we started here.”

Following the comments, White also revealed the UFC screens people for domestic violence.

Hollywood powerhouse Endeavor began as a talent agency and was co-founded by one of the industry’s most recognizable agents, Ari Emanuel. Endeavor has bulked up over the years through a series of acquisitions, owning and managing live events like the Miami Open and the Miss Universe international beauty pageant.

Endeavor acquired a controlling interest in the UFC, a popular mixed martial arts league, in 2016. It took full ownership of UFC in 2021, the year Endeavor had its initial public offering, according to a securities filing.

Revenue shortfall causes layoffs and delays at Satellogic

January 3, 2023 Published by NASA Official

WASHINGTON — As Satellogic prepares to launch its latest imaging satellites, the company has slashed revenue projections, resulting in layoffs and delays in construction of a new factory.

Four NewSat satellites, built by Satellogic, are among the 114 payloads to be launched on SpaceX’s Transporter-6 dedicated smallsat rideshare mission. That mission is scheduled to launch Jan. 3 at 9:56 a.m. Eastern on a Falcon 9 from Cape Canaveral Space Force Station in Florida. Satellogic signed a contract with SpaceX in May 2022 to launch 68 satellites on an unspecified number of launches.

The four satellites will join 26 currently in operation by Satellogic that provide high-resolution imagery. The company, in a business update Dec. 15, said it expected to launch 18 to 21 satellites in 2023, giving it enough satellites to map the Earth every two weeks.

That business update, which included the company’s financial results from the first half of 2022, showed revenue lagging earlier projections. The company recorded $2.4 million in revenue in the first half of the year, primarily from two unnamed customers, according to filings with the Securities and Exchange Commission.

Satellogic said in its business update it was projecting revenues of $6-8 million for all of 2022, and an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $55-60 million. By contrast, in an analyst day presentation in November 2021, part of going public through a SPAC merger, Satellogic projected revenue of $47 million for 2022 and an adjusted EBITDA loss of $2 million.

Emiliano Kargieman, chief executive of Satellogic, acknowledged he was “disappointed” with the revenue from the first half of the year, but remained optimistic about the company’s long-term trajectory, citing an increase in demand for its imagery seen in the second half of the year. “Our bookings and current pipeline support continued strong growth into 2023,” he said in a Dec. 15 earnings call.

The company, which in November 2021 projected revenues of $132 million in 2023, growing to $787 million in 2025, now projects $30-50 million in revenues in 2023, increasing to $140-200 million in 2025. Satellogic projects an adjusted EDBITA loss of $20-35 million in 2023, reaching breakeven in 2024 and growing to positive $35-90 million in 2025.

Kargieman said the company now has a better idea of the sales cycle for its imagery and other products. “After another year of talking to customers, we’re extremely confident in the numbers that we’re guiding for next year,” he said.

The diminished revenues have forced the company to cut costs. That included laying off 18% of its workforce in the third quarter, reducing its staff to about 380 people. Rick Dunn, Satellogic’s chief financial officer, said the number of employees would remain “more or less flat” in 2023.

The company has also scaled back the growth of its constellation. In that November 2021 presentation, Satellogic projected having 111 satellites in orbit in 2023. The company will instead end 2023 with no more than 47 satellites, although Kargieman said in the call that some of the 10 satellites it launched in October 2020 could be retired by the end of 2023 as they reach the end of their three-year design life.

With those reduced projections, Satellogic has delayed completion of a new high-throughput satellite manufacturing facility it planned to open in 2022 in the Netherlands. That factory, which Satellogic said in late 2021 would be fully operational by the start of 2023, was designed to produce 25 satellites a quarter.

Kargieman said the company’s existing factory in Uruguay can produce 24 satellites a year, sufficient for its near-term needs. “Going forward, we can continue to grow that capacity,” he said, increasing it potentially by a factor of two or three. The Dutch factory will go into service when the company is ready to scale up the constellation to the 300 satellites needed for daily remapping of the Earth. “The exact timing is yet to be defined.”

Satellogic is now offering to sell satellites, rather than just imagery, to customers. Dunn projected that at least 25% of the company’s revenues in 2023 would come from this new “space systems” business line, although weighted towards the second half of the year.

The rest of the company’s revenues will continue to come from imagery sales as well as its “constellation as a service” or dedicated satellite constellation business line, where governments and other organizations pay to gain priority access to Satellogic’s constellation over a designated area. One example Kargieman cited was an agreement with the government of Albania announced in September to provide imagery over its territory. The three-year deal is worth $6 million and includes naming two NewSat satellites launching on Transporter-6 Albania-1 and -2.

Satellogic announced Dec. 13 a letter of intent with the Mexican space agency AEM for a similar constellation-as-a-service agreement, but the company did not disclose when the contract would be finalized or its anticipated value. However, the Indian space agency ISRO announced Dec. 30 that it met with AEM officials, who asked ISRO for assistance in building and launching a remote sensing satellite.

Satellogic, which raised $168 million when its SPAC merger closed in January 2022, projected having $78-82 million of cash on hand at the end of 2022. That is enough, Kargieman said, to get the company to breakeven in 2024. “We don’t require additional financing,” he said. “We’re really in control of how much we spend and how much we invest into our future business, so we don’t expect to be raising additional financing.”

source

This New Year, check out 10 ways America is different from 50 years ago

January 3, 2023 Published by

Latest & Breaking News on Fox News

FROM HAIRCUTS TO HOUSING COSTS – Now that 2023 is here, take a look back at how America has changed over the last 50 years. Continue reading…

CHILLING OUT! – An orphaned polar bear who was found roaming in Prudhoe Bay, Alaska, rolls around with glee after being brought to the Alaska Zoo. See the video…

‘PLENTY WE CAN CONTROL’ – Tony Robbins recently joined “Tucker Carlson Tonight” to discuss smart self-improvement tips and insights for 2023. Continue reading…

‘BE KIND TO ONE ANOTHER’ – This New Year, here are 10 messages of advice and inspiration — including a few surprises. Continue reading…

‘WE LOVE OUR COUNTRY’ – Kirk Cameron delivers a powerful message to an overflow crowd who arrived for a reading of his children’s book at a New York-based library. Earlier, Cameron had been denied or ignored by over 50 public libraries in America for a story-time reading. Continue reading…

‘R-E-S-P-E-C-T’ – On Jan. 3, 1987, this singer was the first woman inducted into the Rock & Roll Hall of Fame. Continue reading…

‘FANTASTIC CONDITION’ – Theodore Roosevelt’s Smith & Wesson revolver, which is well over a century old, has sold at auction. Check out the winning bid … Continue reading…

NEW YEAR BRAIN TEASER – Can you find three empty Champagne flutes in this seek-and-find puzzle? Test your mind…

WHAT’S COOKING? – Whip up these sour cherry BBQ wings from well-known chef Tom Colicchio for a tasty game day appetizer. Try the recipe…