Starlink Rival SES Sells ‘Space Bonds’ Ranked Lower Than Hybrids

The launch of these hybrid bonds by SES underscores the competitive pressures in the satellite industry, particularly from established players like Starlink. By opting for a more complex bond structure, SES is attempting to navigate its financial challenges while signaling to investors its commitment to improving creditworthiness. This strategy may attract a niche market of investors willing to take on additional risk for potentially higher returns.