The story
Spacecom was established in 1993 with the defined goal of marketing AMOS-1, a newly built communication satellite manufactured by Israel Aerospace Industries (IAI). In 2003, Spacecom launched its second satellite, AMOS-2, owned entirely by the company. In 2008, the AMOS-3 satellite was launched to replace AMOS-1 and increase coverage and traffic abilities.
Until 2005, Spacecom was a private company controlled by four companies, including IAI and Eurocom Group. It went public on the Tel Aviv Stock Exchange in 2005.
In August 2016, Spacecom shareholders agreed to sell the company for US$500 million to Beijing Xinwei Technology Group (China) via a Luxembourg business entity. The deal, announced 24 August 2016, was pending the successful entry into service of AMOS-6 after the launch. On 1 September 2016, two days before the scheduled launch date, the satellite was destroyed during the run-up to a static fire test of the Falcon 9 launch vehicle. Later statements from both companies stated that negotiations were ongoing, but that the purchase price was likely to be reduced. However, by April 2017 talks between Spacecom and Xinwei had failed, and Spacecom began a new search for buyers. In October 2021 Spacecom and 4iG Plc., a Hungarian information technology and telecommunications company, signed an agreement in which 4iG is acquiring a majority stake (51%) in Spacecom.
From Wikipedia’s article on Spacecom, shared under CC BY-SA 4.0.4