Finance

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. […]

Unseenlabs, a France-based detection and geolocation company that specializes in maritime surveillance, closed on its latest financing round of 85 million euros ($92 million), the company announced Tuesday. New investors […]

The failed debut launch of Virgin Orbit from British soil in January of last year was a bitter start to the U.K.’s spaceflight ambitions. It was also the beginning of […]

Singer, songwriter, actress, and MIT and Harvard graduate, Bridgit Mendler is now CEO of a new satellite ground tech startup Northwood. Mendler, who is known for her role as Teddy […]

  Earth observation and geospatial technology company Nuview, acquired software service platform Astræa Tuesday. Nuview plans to use Astræa’s AI-driven distribution and analysis tools to develop a high-throughput Earth observation […]

Eutelsat Group is seeing encouraging signs in its mobility business, but video revenues continue to decline. These are two of the highlights of the operator’s latest results, announced Feb. 16. […]

Iridium Communications continued its multi-year growth streak in 2023, reporting record revenue for the year of $790.7 million, up 10% from the year-ago period. The satellite operator reported full year […]

BAE Systems in the coming days will close its $5.6 billion acquisition of Ball Aerospace after receiving all required regulatory approvals, the company said on Wednesday morning. Ball Aerospace will operate […]

Direct-to-device satellite connectivity company Skylo Technologies has raised $37 million in funding, co-led by Intel Capital and Innovation Endeavors. New investors BMW i Ventures, Next47, Samsung Catalyst Fund, and Seraphim […]

LeoLabs secured an additional $29 million in funding for its catalog of Low-Earth Orbit objects (LEO). The company said this latest financing will enable LeoLabs to scale up its insight […]

Intelsat has made an investment into Israel-based satellite technology firm hiSky, along with a strategic collaboration agreement. hiSky announced the investment on Feb. 5. Along with the investment, Intelsat CTO […]

Viasat plans to initiate service soon with the first ViaSat-3 satellite, which has just a fraction of its planned capacity due to an issue with an antenna on board. The […]