C-Band Proceeds Driving Satellite Buying, Analyst Says

A flood of C-band spectrum auction proceeds is helping geostationary orbit satellite (GSO) production to continue its rebound from 2018's low point of five orders, Canaccord Genuity analyst Ken Herbert wrote investors Monday. He said 20 GSOs were ordered last year, the most since 2014. He said the 22 orbital launches so far this year -- 21 successful -- indicate a "strong cadence in space activity" continuing from last year's 112 orbital launches, 102 of which were successful.