Finance

Lockheed Martin increased both sales and operating profit in the company’s Space segment in the first quarter of 2024, compared to the same time period in 2023.  Space posted $3.3 […]

Seraphim Space closed a new venture fund, Seraphim Space Ventures II LP, with backing from satellite operator Eutelsat Communications, Japanese telco NEC and Japanese satellite operator SKY Perfect JSAT. Seraphim […]

Dhruva Space, a  space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go […]

Iridium saw its fiscal first quarter 2024 (Q1 2024) revenue total decrease 1% year-over-year, largely due to lower equipment revenue. Iridium reported its Q1 2024 results on April 18, reporting […]

Orbex, the U.K. rocket company, received 16.7 million pounds ($20.8 million) in funding from a group of six significant investors in an update to its Series C funding round. Investors […]

Earth imagery provider Satellogic has begun the process of relocating the company to the U.S., and recently received a $30 million strategic investment from cryptocurrency company Tether Investments Limited.  Satellogic […]

Finnish satellite company Iceye raised $93 million in growth funding, led by Finland’s sovereign wealth fund Solidium. Other investors include Move Capital Fund I, Blackwells Capital, Christo Georgiev, and existing […]

Belgium-based satellite manufacturer Aerospacelab acquired AMOS, a company known for opto-mechanical systems used in astronomy and space. Aerospacelab announced the completed acquisition on Monday. Terms of the deal were not […]

TechCrunch published a report on Thursday that highlighted how important the success of SpaceX‘s Starlink constellation service is to the company’s long-term financial health. TechCrunch reporter Aria Alamalhodaei obtained SpaceX […]

Satellite operator Viasat announced Thursday that it opened its new International Business Headquarters in London following its acquisition of UK-based Inmarsat last year. The Viasat London office will be the […]

Blackswan Space has secured $800k in pre-seed funding round. The company, based out of Vilnius, Lithuania, is looking to develop software products for complex space & defense missions. The funding […]

Euroconsult and SpaceTec Partners are merging to create a new company, Novaspace. The two companies that have a combined 60 years of experience in covering the space sector will aim […]

Bright Ascension has closed a 2.3 million pound ($2.8 million) investment round through a convertible loan from Scottish Enterprise, Capital for Colleagues (C4C) and other investors in the company. The […]

Iridium completed its acquisition of long-time partner Satelles and integrated the company’s Satellite Time and Location (STL) service. Iridium announced the completion of the company’s first-ever acquisition on April 2. […]

HawkEye 360 has secured $40 million in debt financing from Silicon Valley Bank (SVB), the satellite data company announced Tuesday. HawkEye said it plans to use the funds to improve […]

Terran Orbital grew revenue in 2023 by 44% compared to 2022, but the company posted a net loss larger than its revenue. Terran Orbital issued its full year results on […]

Planet Labs increased revenue by 15% year-over-year in fiscal year 2024 to $220.7 million. The satellite imagery and analytics company reported financials for the 2024 fiscal year that ended Jan. […]

Telesat is seeing a decline in revenue in its Geostationary Orbit (GEO) business in broadcasting with the increase in cord-cutting, and enterprise competition from SpaceX’s Starlink constellation. Yet Telesat is […]

Boeing President and CEO Dave Calhoun said on Monday that he will step down at the end of 2024, initiating a leadership transition as the aerospace and defense giant continues […]

The founders of Astra Space are taking the company private to avoid bankruptcy, less than three years after going public during the SPAC boom of 2021. Astra announced March 7 […]

Slingshot Aerospace is coming to the United Kingdom and establishing a U.K. base to help win business with international government and commercial customers. Melissa Quinn will be the general manager […]

Spire Global had a strong 2023 full year financial performance, achieving positive cash flow from operations in the fourth quarter, and full year revenue growth of 32% compared to 2022. […]

Thales Alenia Space reported a dip in demand for commercial telecommunication satellite orders in 2023, and is shifting part of its workforce to respond to the change. Thales announced the […]

Lockheed Martin made an offer to acquire Terran Orbital on Friday, and Terran Orbital responded by adopting a limited duration stockholder rights plan, which is also known as a “poison […]

Iridium is acquiring longtime partner Satelles for its alternative positioning, navigation, and timing (PNT) service. Iridium plans to use Satelles Satellite Time and Location (STL) service to provide a backup […]

In EchoStar Corporation’s first financial results after merging with Dish Network, the company disclosed that it has “substantial doubt about its ability to continue” without additional funds.  According to EchoStar’s […]

SES passed the 2 billion euros mark for overall revenues in 2023. This was one of the highlights of its 2023 full year results, issued Feb. 29. SES achieved revenues […]

Canadian satellite manufacturer MDA reported a strong 2023 financial year driven by the company’s constellation contract, growing revenue 26% year-over-year. MDA reported full year 2023 financial results on Feb. 28.  […]

BlackSky Technology closed out the 2023 fiscal year with record high revenues, new international customers, and a growing demand for the future. The company reported 2023 financials on Wednesday. BlackSky’s […]

Rocket Lab grew revenue 16% in 2023 year-over-year, and the company announced its fourth quarter financials on Feb. 27, along with an official lineup of its family of spacecraft buses. […]