Finance

Primo Space, an early stage Italian venture fund focused on space startups has closed at about $68 million (58 million euros). The funds included contributions from the European Investment Fund...

Hughes Network Systems is joining the U.K. Government and Bharti Enterprises in their acquisition of OneWeb. Hughes announced Monday that it will invest $50 million with the consortium, and continue...

Viasat has raised $175 million from affiliates of Intercorp, and affiliates of The Baupost Group, L.L.C., Viasat’s largest shareholder, the company announced Thursday. Under the terms of the investment, the...

Bloomberg reports that billionaire Elon Musk’s Space Exploration Technologies Corp. is in talks to raise new capital at a valuation of about $44 billion, according to people with knowledge of...

This week’s Thursday Morning Conversation takes us to Luxembourg to talk with Peter Platzer, the CEO of Spire. We find out that Peter was a classically trained tenor and is...

Global Eagle has entered Chapter 11 bankruptcy protection in order to facilitate a sale of its assets to a group of loan holders. The company, which provides In-Flight Connectivity (IFC)...

Lockheed Martin continues to see sales increases despite the COVID-19 pandemic. On Monday, the company reported Second Quarter (Q2) 2020 net sales of $16.2 billion, compared to $14.4 billion in...

There may be a sliver of good news for satellite In-Flight Connectivity (IFC) providers looking to rebound from the COVID-19 shutdown, according to new air travel industry data released by...

Exotrail has raised $13 million (11 million euros) for on-orbit transportation for small satellites. This Series A round was led by two European Venture Capital firms, Karista (through Paris Region...

There are many things I thought I would never say, and getting a Harry Potter space-related exclusive would no doubt fall into that category. However, this week’s Thursday Morning Conversation...