Having been regaled on the wonders of non-geostationary satellites by various delegations seeking licenses for Iridium and ICO and other systems that ultimately fizzled out, I was originally skeptical about O3B. But they answered my questions well (despite a messed up presentation at PTC a few years back) and I have been promoting this solution ever since. Happy to know they’ll break even on cash flow by middle 2016. Away from the headlines, Google — an initial O3b backer — has not raised its 5 percent equity share in the company but has kept up with the capital raises to avoided share dilution. What matters to SES shareholders is the money, not the technology, and at SES’s June 17 investor conference O3b Chief Executive Steve Collar gave a snapshot of the company’s current status.