Finance

Globalstar reported record revenue and 12% year-over-year revenue growth in 2024. Revenue was a record $250.3 million, which exceeded the high end of the company’s revenue guidance.  Globalstar said this...

Skylo has raised $30 million in an oversubscribed funding round, funding that CEO Parthsarathi Trivedi tells Via Satellite the company plans to invest in market expansion to grow its position...

SES reported full year 2024 revenue of 2 billion euros ($2.1 billion) at the top end of its financial outlook, along with an increase in adjusted EBITDA that exceeded its...

Startup Kapta Space emerged from stealth mode on Friday with plans to develop advanced spaceborne electronically-steered, radar-based imaging technology.  Milton Perque, formerly of Echodyne, and Adam Bily, formerly of Apple...

Airbus logged another 300 million euros ($310 million) in charges on its Space programs in the fourth quarter 2024 after completing an in-depth technical review of its Space segment. In...

Moody’s Ratings changed its outlook on satellite operator SES from “stable” to “negative” on Tuesday, citing increased competition in the satellite industry putting pressure on prices.  Moody’s explained its rationale...

Eutelsat’s total revenue grew by nearly 6% in the first half of its 2024-25 fiscal year with growth in Connectivity, but the operator also took a 535 million euro ($560...

ETL Systems acquired IRT Technologies, a Canadian company specializing in satellite communication products, ETL Systems announced Feb. 14. IRT Technologies has over 14 years of experience in the satellite communications...

K2 Space announced a $110 million Series B funding round to scale up production of its multi-orbit, high-power satellite platform on Feb. 13. The funding round was co-led by Lightspeed...

Blue Origin laid off 10% of its workforce on Thursday as the launcher shifts from R&D into scaling manufacturing for its launch business.  The company is eliminating some positions in...