Finance

Rocket Lab, Launcher, and Stratolaunch have won bids to purchase assets from Virgin Orbit, according to bankruptcy filings released Tuesday. The auction took place on May 22, and the sale […]

The Viasat and Inmarsat merger has secured another regulatory approval to move forward, this time from the FCC. The FCC issued an order on May 19 approving the transaction, stating […]

German space startup Reflex Aerospace has booked a slot on a SpaceX mission to launch its demonstration satellite in fall 2024. Reflex also expanded its seed funding round with a […]

Spire Global’s CFO Thomas Krywe plans to step down from the company in September, Spire disclosed in a Securities and Exchange Commission (SEC) filing on Wednesday.  The announcement comes as […]

Satellite cybersecurity company SpiderOak has received new investments from Accenture Ventures, Raytheon Technologies‘ RTX Ventures, and Stellar Ventures — beyond the company’s $16.4 million Series C round closed in January. The […]

Viasat reported record revenue in its 2023 fiscal year of $2.8 billion and $2.6 billion from continuing operations, an increase of 6% year-over-year, with a boost in aircraft in service […]

Terran Orbital recorded record revenue of $28 million in the first quarter of 2023 and a new 16-satellite deal, but the company is burning through cash quickly. The manufacturer announced […]

Spire Global reported a record $24.2 million in revenue in the first quarter of 2023, an increase of 34% year-over-year. New customer additions and increased adoption by existing customers drove […]

Rocket Lab increased revenue 35% in the first quarter of 2023, beating the upper end of its previous guidance for the quarter.  The launcher reported $54.9 million in revenue in […]

Telesat’s first quarter 2023 results did not offer much of an update on funding for the Lightspeed constellation, but discussions are continuing, CEO Dan Golderg said in a call with […]

Bulent Altan will step down as Mynaric’s co-CEO later this year, with Mustafa Veziroglu taking the helm of the company as its sole CEO. Mynaric said the decision announced Thursday […]

Hughes Network Systems says the Jupiter 3 satellite is set to ship to the launch site in June, and will launch in the first available window. The company gave the […]

Lockheed Martin announced May 4 its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer needs, […]

Globalstar reported record growth in the first quarter of 2023, and expects more growth to come this year, highlighting opportunities commercializing its Band 53 spectrum.  The operator released its first […]

Charlotta Sund will become the new CEO of Swedish Space Corporation (SSC), the company announced May. 4. Sund will start the role in the fall of this year, and succeeds […]

New geospatial satellite startup Nuview emerged from stealth mode on Thursday, with plans to build the first commercial LiDAR satellite constellation.  LiDAR — which stands for Light Detection and Ranging […]

SES grew revenue nearly 10% in the first quarter of 2023, with a boost from its DRS Global Enterprise Solutions acquisition and the stronger U.S. dollar.  The operator reported 490 […]

Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company […]

ABS has appointed Ramsey Khanfour as its new chief commercial officer (CCO), the company announced May 1. Prior to joining ABS, Ramsey was vice president of Sales and Business Development […]

Revenue at satellite technology company SatixFy fell by 50% in 2022, as supply chain challenges caused order delays and cancellations, the company said.  SatixFy reported its first full-year financial results […]

Avanti Communications has made a move to expand its presence into Africa. The operator is opening a new flagship office in Ikoyi, Lagos. Nigeria is a huge market in Africa […]

L3Harris Technologies on April 27 reported a sharp drop in first quarter earnings driven by higher interest and pension expenses and a combination of costs related to acquisitions and divestitures […]

Satellite imagery provider Satellogic grew revenue 42% in 2022 to $6 million in revenue, the company reported April 27 in its full year financial results.  The increase was driven primarily […]

Northrop Grumman on Thursday reported lower net income in its first quarter largely due to a decline in pension income while the company recorded a healthy sales gain and raised […]

Satellite terminal manufacturer Intellian has opened a new Advanced Development Center (ADC) in Montgomery County, Maryland, and is making a $100 million investment into R&D for satcom technologies. This new […]

MDA has appointed Luigi Pozzebon as the company’s vice president of Satellite Systems, the company announced monday. Pozzebon has been in the role in an acting capacity since earlier this […]

Iridium increased revenue by 22% in the first quarter of 2023 compared to the same time last year, with increased revenue from commercial services, equipment, and engineering and support. Total […]

Maxar’s shareholders approved the acquisition by Advent International, at a price of $53 in cash per share. Approximately 99.6% of the shares that voted in a special meeting voted in […]

Space industry veteran Nicole Robinson is joining Comtech’s executive team as chief strategy officer, the company announced Tuesday. Robinson joins Comtech from Ursa Space Systems where she served as president. […]

Inmarsat is working to restore services from its I-4 F1 satellite after the satellite experienced an outage late on Sunday. This satellite provides L-band coverage in the Asia-Pacific region.  Inmarsat […]