EMTech Global Granted Theia's NGSO License
The FCC license for 112 non-geostationary orbit remote sensing satellites granted to Theia Group in 2019 is now EMTech Global's. That license was satellite startup Theia's "largest asset by far," U.S. District Judge Kevin Castel for the Southern District of…
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New York said in 2021 in a docket 1:21-cv-06995 order appointing a receiver for Theia as part of litigation that investors FCS Advisors brought against the company. LTS Systems bought Theia's assets, including the license, at auction in 2023, with EMTech Global then acquiring the assets from LTS and subsequently seeking FCC OK on transferring the license to an EMTech subsidiary, according to EMTech's transfer application. The Space Bureau approved the transfer Friday, said a notice in Friday's Daily Digest.