Finance

The chief financial officer (CFO) of Bharti Global, Srikanth Balachandran, has joined OneWeb as CFO, the company announced Feb. 19. Balachandran has been CFO of Bharti Global since October 2018,...

Airbus released its Full Year (FY) 2020 results on Feb. 18 after a challenging year for the company, reporting 4.3 billion euros ($5.2 billion) in revenue — a 29% revenue...

The government of Québec will invest 400 million Canadian dollars ($316 million) in Telesat‘s new Low-Earth Orbit (LEO) constellation, Lightspeed. In return, Canadian satellite operator Telesat will invest CA$1.6 billion...

Virgin Orbit has tapped the former CEO of OneWeb Satellites, Tony Gingiss, as the company’s first chief operating officer (COO). In a Wednesday release, Virgin Orbit said Gingiss will oversee...

BlackSky Holdings is the latest space startup to go public through a special purpose acquisition company (SPAC) merger, announcing a deal Thursday to go public with a $1.1 billion valuation. ...

Houston-based startup Axiom Space has successfully raised $130 million in Series B funding to support its goal of building the world’s first commercial space station. The company said that it...

Avanti Communications has completed a refinancing deal that gives the company a new capital injection and an extension to pay back loans, the company announced on Monday. Avanti’s latest refinancing...

Eutelsat Communications saw revenues and profits fall slightly in the six months to the end of December 2020, and pushed back the launch of several satellites in its First Half...

Intelsat has reached a plan supported by some of its creditors to emerge from Chapter 11 bankruptcy with its debt cut by more than half – from nearly $15 billion...

Iridium Communications capped off a year of subscriber growth with a record total revenue in 2020 of $583.4 million, and initiated a $300 million share repurchase program to reward shareholders. The...