Finance

Yahsat has announced a stunning piece of consolidation as it looks to be a part of a brand new AI-powered space technology powerhouse in the Middle East and beyond. It […]

Satellite startup Lynk Global, which has proven satellite-to-cell technology, plans to go public through a special purpose acquisition company (SPAC) merger with Alex Rodriguez’s SPAC, Slam Corp.  Lynk and Slam […]

HawkEye 360 is acquiring two radio frequency (RF) satellites from Maxar Intelligence that were part of Aurora Insight before Maxar acquired the company. HawkEye announced Monday it is acquiring the […]

Sidus Space will execute a reverse stock split on Tuesday to raise its share price, after receiving approval from its stockholders. The company will reverse split its stock so that […]

True Anomaly raised a $100 million Series B funding round, the company announced Tuesday. The company builds spacecraft and software to address space domain awareness, and said this funding will […]

Comtech reported strong revenue growth in the first quarter of its 2024 fiscal year, growing revenue 15.9% over the same time last year. However, the company disclosed in its Q1 […]

Orbex has appointed John Bone as its new chief commercial officer, the company announced Dec. 6. This appointment comes as Orbex advances its preparations for the launch of Orbex Prime, […]

Canada’s NorthStar Earth & Space raised a $20 million Canadian dollar ($14.7 million) Series D funding round, the company announced Dec. 6. Telesystem Space invested in the round, along with […]

Comtech has hired former iDirect Government executive John Ratigan as the company’s first chief corporate development officer (CCDO). In this role, Ratigan will oversee new business initiatives aligned with Comtech’s […]

In August of this year European startup Aerospacelab announced the high-profile appointment of Tina Ghataore as its new group chief strategy and revenue officer, and CEO of Aerospacelab’s new branch […]

SatixFy Communications is at risk of being delisted from the New York Stock Exchange (NYSE) because its market capitalization fell below $50 million.  SatixFy is a satellite technology company headquartered […]

McLean, VIRGINIA — Intelsat expects to earn $2.1 billion in revenue this year, CEO David Wajsgras said during an investor day event on Nov. 30, giving a rare look at […]

Israeli satellite communication chipsets and systems developer SatixFy boasted an increase in product sales and revenue in its consolidated financial results for the nine-month period ending in September. The results, released […]

Smaller Geostationary Orbit (GEO) operators are looking at their role in a changing satellite industry. One of the interesting operators to look at here is ABS, which has expanded beyond […]

Telenor Group is selling its Telenor Satellite subsidiary to Space Norway, the company announced last week.  Both entities are owned by the Norwegian government. Telenor is Norway’s majority state-owned telecommunications […]

Intellian Technologies is establishing a new entity in Dubai as a hub for operations in the Middle East and Africa (MEA) region. This is Intellian’s 10th global city.  This new […]

AST SpaceMobile is working to close strategic investment to fund the buildout of its satellite-to-cell fleet as the company approaches launch of its first commercial satellites.  The company released its […]

Firefly Aerospace last week said it has raised about $300 million in the past eight months, adding that it is generating additional interest from investors following the startup’s successful tactical responsive […]

Terran Orbital cut its revenue guidance for 2023 nearly in half as Rivada Space Networks has not made a milestone payment for its constellation deal.  Terran Orbital announced its third […]

Intelsat has hired Raytheon Technologies exec David J. Broadbent as its new president of Government Solutions. Intelsat announced the hire on Nov. 13, effective immediately.  Broadbent is now responsible for […]

Hamid Akhavan is now CEO of Dish Network ahead of the EchoStar/Dish merger close, the company announced Monday. Akhavan is currently the CEO of EchoStar, and it was already in […]

Spire Global posted a 34% year-over-year increase in revenue in the third quarter of 2023 and raised the low end of its guidance for the full year. Spire announced its […]

Avanti Communications is revamping its strategy to become more of a multi-orbit operator for the first time. The company is in talks with a leading Low-Earth Orbit (LEO) operator to […]

As Viasat is dealing with the fallout of the anomaly on ViaSat-3, the operator is focusing its energy toward its mobility business versus residential broadband. With this shift, Viasat is […]

Rocket Lab reported a 7% year-over-year revenue increase in the third quarter of 2023, posting $67.7 million in revenue. Net loss was $40.6 million.  Revenue of $67.7 million was near […]

BlackSky posted a net income of $675,000 in the third quarter of 2023, marking the first time the company has posted a positive net income.  However, CFO Henry Dubois noted […]

The United Arab Emirates’ flagship operator Al Yah Satellite Communications Company  (Yahsat) is enjoying its strongest fiscal year in the last five years, with both its 2023 nine-month revenue and […]

Canadian satellite operator Telesat maintained its full-year 2023 revenue guidance in its 2023 third fiscal quarter (Q3) results, as it hopes to keep losses at a minimum in the ramp […]

Satellite operator EchoStar, parent company of Hughes Network Systems, reported a tough 2023 fiscal third quarter (Q3), which included a 17% year-over-year decrease in consolidated revenue and a loss of […]

Globalstar increased its overall 2023 guidance on Thursday after reporting 53% year-over-year growth in the third quarter. Globalstar raised the low end of its guidance for the second time this […]