Finance

A new remote sensing startup Matter Intelligence emerged from stealth mode on Wednesday with $12 million in seed funding. The startup aims to capture hyperspectral data of “all matter on […]

Eutelsat Group reported modest revenue growth in the first quarter of its 2024-25 fiscal year, driven by growth in Fixed Connectivity from OneWeb’s deal with Saudi Arabian city Neom.  Eutelsat […]

L3Harris reported challenges on classified programs in its Space and Airborne segment while revenue for the segment was flat during the third quarter of 2024. L3Harris reported Q3 financials on […]

Earnings for Northrop Grumman’s Space segment were up 14% year-over-year in the third quarter of 2023, despite a modest decline in sales. Northrop Grumman reported Q3 results on Thursday. The […]

Revenue for Boeing’s Defense, Space & Security (BDS) segment was flat in the third quarter of 2024, but loss from operations more than doubled as Boeing took charges on fixed-price […]

ETL Systems is acquiring SpacePath Communications, in a deal that brings together two U.K.-based satellite amplifier suppliers. ETL Systems announced the acquisition on Monday, financial terms were not disclosed.  ETL […]

Comtech‘s Board of Directors and management team announced late Thursday its intention to divest its Terrestrial & Wireless Networks (T&W) business, which provides “NG911” 911 emergency call solutions for state […]

Iridium Communications reported record third quarter total revenue of $212.8 million, with higher commercial service revenue and government engineering revenue. Total revenue increased 8% versus the comparable period of 2023. […]

Airbus Defence and Space plans to cut up to 2,500 positions within the group as it reorganizes after financial troubles. Airbus announced the cuts on Wednesday and said they will […]

German wildfire-detection startup OroraTech raised 25 million euros ($27 million) in a Series B funding round to build out its predictive AI capabilities and orbital sensor network. OroraTech announced the […]

EarthDaily Analytics has acquired geospatial intelligence firm Descartes Labs, the company announced Tuesday. EarthDaily Analytics said the acquisition was attractive because of how Descartes Labs products apply geospatial data to […]

French startup Constellation Technologies & Operations has raised 9.3 million euros ($10 million) to move forward on its plans for a satellite broadband constellation in Very Low Earth Orbit (VLEO).  […]

Seraphim Space, one of the leading investors in space tech startups, announced the latest round of companies taking part in Mission 14, its latest dedicated accelerator for space startups. Seraphim, […]

All.Space raised $44 million to fund the commercial launch of the company’s first satellite terminal. All.Space announced the round on Thursday, led by Boka Group, with additional participation from AE Ventures, […]

Space42 has made its debut on the on the Abu Dhabi Securities Exchange (ADX) after completing the merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship […]

Impulse Space announced a $150 million Series B funding round on Tuesday to support the production of the company’s Helios and Mira vehicles. Impulse Space is led by Tom Mueller, […]

DirecTV is acquiring EchoStar‘s video distribution business, including Dish TV and Sling TV. EchoStar said this move refocuses the company’s portfolio on wireless and satellite connectivity markets.  The deal brings […]

Gogo is acquiring Satcom Direct in a bid to improve its offering for the business aviation and government/military mobility markets. Gogo announced the $375 million deal on Monday. On top […]

Alison Perez, a venture capitalist, is always on the hunt for the next transformational technology solution. And lately, it’s the solutions that address sustainability in space that are piquing the […]

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 […]