[8] It survived the dotcom crash, and with the purchase of New Skies Networks and its teleport facilities in Adelaide and Perth in 2005,[9] it evolved into a fully-fledged satellite communications company, changing its name to NewSat on 1 September 2006.

[11] Over the next few months, as funding difficulties ensued, its contracts with Lockheed Martin and Arianespace were terminated,[12] and its main asset was sold to SpeedCast Australia Pty Limited.

Its Jabiru-1 Ka-band satellite was scheduled to take off in 2016 and would have catered to mobile communications carriers and private and public organizations across the Middle East, Africa, Asia and Australia.

[14] On 8 December 2011, NewSat and Lockheed Martin entered into a fixed-price contract for the design, manufacture, testing and on‐ground delivery of Jabiru‐1, and its related launch mission operations.

Construction of Jabiru‐1 began in January 2012 at Lockheed Martin’s Newtown, Pennsylvania facility, and was scheduled to be available for shipment to the launch site at Centre Spatial Guyanais near Kourou, French New Guinea by 25 March 2016.

In late March 2015, NewSat requested a trading halt due to ongoing issues with project financing, which would remain in place until negotiations with US lenders were completed.

In mid-April 2015, NewSat was placed into administration to resolve the troubled financial situation and save the project; at the same time, a temporary order was issued in the US to keep the construction contracts with Lockheed Martin and Arianespace.