Finance

SES has announced details of a new dividend payment to shareholders. The SES Board of Directors has approved the payment of an interim dividend of 0.25 euros ($0.28) per A-share […]

Spanish satellite IoT startup Sateliot has raised a 30 million euro ($33 million) Series B funding round, led by Global Portfolio Investments. This deal makes Global Portfolio Investments, a Spanish […]

Two former Comtech CEOs — Fred Kornberg and Michael Porcelain — released a letter to shareholders on Monday arguing for a slate of eight new board members, and a strategic review […]

Iridium Communications is launching a $500 million share buyback — the fourth stock repurchase in the past four years. Iridium’s board of directors authorized the share buyback on Sept. 19 […]

PARIS — The satellite industry continues to attract investors excited by the potential returns, but financiers are scrutinizing the business plans, growth rates, and exit plans for investments in the […]

Telesat completed its Lightspeed funding agreements with the government of Canada and the government of Quebec, the operator announced Friday. Telesat now has the financing sources in place to fund […]

Strong product sales fueled 7% year-over-year revenue growth for satellite technology developer SatixFy Communications in the first half of 2024. According to the company’s latest results issued Friday, Satixfy brought […]

Satellite imagery company BlackSky will execute a reverse stock split to raise its share price, the company announced Wednesday.  BlackSky’s shareholders approved the 1-for-8 reverse split during an annual meeting on […]

Telesat is selling satellite services business Infosat Communications to Canadian company Network Innovations. Infosat Communications is a satellite services company focused on serving remote business operations. Network Innovations, a technology […]

Slam Corp., the special purpose acquisition company (SPAC) planning to merge with Lynk Global, was delisted from the Nasdaq on Aug. 27 as the company pushed back its deadline to […]

Global satellite operator Viasat announced Wednesday that it has hired Delta Air Lines‘ Senior Vice President of Operational Finance Gary Chase as its new CFO. Chase will start with Viasat […]

Scottish satellite data startup Space Intelligence completed a Series A funding round led by new investors AzurX Space Ventures (ASV) with participation from Intercontinental Exchange, Inc. Dr. Murray Collins, co-founder […]

Swiss satellite IoT company Astrocast delisted from the Euronext Growth Exchange in Oslo, Norway, as leadership decided to take the company private. CEO Fabien Jordan explained the strategy behind the […]

Mynaric is experiencing production delays on its laser communication terminals, causing the company to slash its revenue guidance. Mynaric updated its guidance on August 20 and also announced the company’s […]

Comtech has relocated its corporate headquarters from Melville, New York to Chandler, Arizona to invest in the next stage of the company’s growth.  The company has had a presence in […]

Lockheed Martin on Thursday said it has agreed to acquire satellite manufacturer Terran Orbital in a $450 million deal based on enterprise value, a bargain versus the $606 million unsolicited proposal […]

Redwire Corp. on Wednesday evening said it has agreed to acquire Hera Systems in a deal that will add additional spacecraft options to its portfolio, including satellites for Geostationary Orbit (GEO). […]

Telesat reported a 15% drop in revenue in the second quarter of 2024 as the operator ramps up capital expenditures for the Lightspeed constellation and works to finalize funding agreements […]

Terran Orbital’s revenue decreased nearly 6% in the second quarter of 2024 as the company’s supply of cash dwindles.  The satellite manufacturer filed its 10-Q with the Securities and Exchange […]

Eutelsat Group is in exclusive talks with a private equity firm to sell the majority of its ground network in order to form a new ground station as a service […]

Eutelsat Group grew operating revenue by 5.9% year-over-year in the operator’s first full year with OneWeb as part of the business, despite a slower-than-expected rollout of OneWeb service.  Overall, Eutelsat […]

BlackSky Technology grew revenue by 29% year-over-year in the second quarter of 2024 as the satellite imagery company executed on multiple international contracts. The company reported its Q2 financial results […]

MDA Space saw a double-digit revenue increase in the second quarter of 2024 with growth in the company’s robotics and satellite businesses. The company reported its financials on Thursday, raising […]

Japanese rocket launcher in development Interstellar Technologies raised 3.1 billion yen ($21 million) in a Series E funding round announced Aug. 5.  New investors SBI GROUP and NTT DOCOMO invested […]

Viasat’s shares were up more than 30% on Thursday after the satellite operator performed better than expected in the first quarter of fiscal year 2025 and slightly raised the low […]

Dcubed has closed its Series A funding round, a funding round that oversubscribed by 26%. The German space startup will use the funding to scale the current production of satellite […]

Satellite manufacturer and operator Muon Space raised a $56.7 million Series B funding round, led by Activate Capital. Muon Space announced the round on Monday, which also included Acme Capital […]

Satellite operator SES reported strong momentum in its Networks business, particularly in the Government and Mobility sectors, as it reported its first half 2024 financial results on Aug. 1.  Overall, […]

Boeing on Wednesday wrapped up its search for its next top executive, naming long-time aerospace and defense industry veteran and executive Robert “Kelly” Ortberg as president and CEO, effective Aug. […]

Significant charges in the Space business impacted Airbus in its second quarter financial results, as CEO Guillaume Faury detailed changes to the Space business on July 30 to deal with […]