Funding for Orion Center satellites up in the air as Theia Group Inc. battles lender lawsuit

Theia Group Inc. says in court documents that funding agreements for its satellites, which it plans to build at a multibillion-dollar campus in Albuquerque called the Orion Center, have fallen through. The revelation was made in response to an August lawsuit from FCS Advisors, which operates as part of New York City investment firm Brevet Capital Management.

FCS seeks to recover almost $290 million it claims were due on two promissory notes as of July 22. The lender also asks that someone be appointed…

Source: The Business Journal