Finance

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 […]

GPS startup Zephr raised $3.5 million in a seed round led by Space Capital and First Spark Ventures, the company announced Tuesday. Zephr is working to create a networked GPS […]

Viasat is laying off 800 employees, about 10% of its workforce, as it is integrating the Inmarsat business post-acquisition. Viasat announced the reduction on Thursday and said it will be […]

MDA closed on its acquisition of SatixFy Space Systems UK (SSS) on Oct. 31, the company announced. MDA announced its plan to acquire the digital payload division of SatixFy Communications […]

SES is pushing back the start of commercial service for its O3b mPOWER constellation to early in the second quarter of 2024, as it deals with power module issues on […]

Maxar Intelligence has named Dan Smoot as CEO, after Maxar Technologies recently split into two businesses — Maxar Space Infrastructure and Maxar Intelligence. The satellite imagery-focused company announced the move […]

The Space & Airborne Systems and Communication Systems segments at L3Harris delivered growth in the third quarter of 2023.  Company-wide revenue at L3Harris was up 16% in Q3 compared to […]

Terran Orbital held a town hall on Thursday to increase investor confidence in an attempt to raise the share price. Over an hour-long call, CEO and Chairman Marc Bell took […]

Eutelsat Communications operating vertical revenues in the first quarter of the operator’s 2023-24 fiscal year were down 2.4% compared to the same time last year on a like-for-like basis. Eutelsat […]

Space Systems was the fastest-growing segment at Northrop Grumman in the third quarter of 2023, with 11% growth year-over-year. The company released Q3 results on Thursday, and raised guidance for […]