Sri Lanka has entered into a partnership agreement with a private enterprise to launch its first ever communication satellite.

SupremeSAT (Pvt) Ltd. has signed an investment agreement with the Sri Lanka Board of Investment (BOI) yesterday to the tune of US$ 20 million which will be increased to US$ 320 million in the long term.

The company plans to launch the country's first ever communication satellite utilizing the Planned Orbital Slot of Sri Lanka which is located at 50 degrees East.

Sri Lanka has entered into a partnership agreement with a private enterprise to launch its first ever communication satellite.

SupremeSAT (Pvt) Ltd. has signed an investment agreement with the Sri Lanka Board of Investment (BOI) yesterday to the tune of US$ 20 million which will be increased to US$ 320 million in the long term.

The company plans to launch the country's first ever communication satellite utilizing the Planned Orbital Slot of Sri Lanka which is located at 50 degrees East.

The first private spacecraft aiming to dock with the international space station blasted off from Florida early Tuesday with split-second precision, but the biggest tests for the mission are still days ahead.

London: A 150-foot-wide, 140,000 tonne asteroid may come so close to Earth next year that it might destroy communications satellites.
The asteroid, DA14, discovered by astronomers at LaSagra Observatory in Spain, is estimated to come near enough to Earth on February 15, 2013, that it could disrupt geosynchronous satellites.

Japan launched for the first time early Friday a rocket with a non-Japanese payload, fulfilling a spare-no-expense, two-decade quest to compete in the world's $4.3 billion commercial satellite-launch business.

Japan enters an increasingly crowded orbit of newer players and established companies delivering space cargo at relatively low cost, raising questions about whether Tokyo's long campaign risks fizzling shortly after it takes off.