Finance

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 […]

Orbit Fab, which aims to offer on-orbit refueling services, has raised $28.5 million in its Series A round, the company announced Monday. 8090 Industries led the round, with major investments […]

Kepler Communications has raised $92 million in its Series C funding round, led by IA Ventures. The Toronto-based company plans to use the funding to launch an optical data relay […]

Viasat has named former Verizon Media executive K. Guru Gowrappan as president, to work closely with CEO Mark Dankberg on the company’s global operations and growth strategy. Dankberg said in […]

Multi-orbit antenna manufacturer All.Space has hired a former SES leader as the company’s new chief development officer (CDO) to help the company scale as it prepares to release its products […]

The Space Safety Coalition released updated guidelines for sustainable space operations this month, endorsed by 27 companies and groups including The Aerospace Corporation, Avanti, Intelsat, LeoLabs, Planet, and Slingshot Aerospace.  […]

The current global economic climate may prove challenging for the satellite ecosystem, as rising interest rates and fear of a recession may dampen some startup activity as investors are more […]

True Anomaly, Inc., a year-old company focused on space security, domain awareness, and training, on Thursday said it has raised $30 million in funding so far and plans to launch […]

Axelspace, a Japanese Earth observation provider and smallsat manufacturer, has raised new funding and is partnering with new Japanese venture Space Compass on its Space Integrated Computing Network.  Axelspace announced […]

Virgin Orbit has filed for Chapter 11 bankruptcy after the company was unable to secure new funding. The smallsat launcher said in an April 4 statement that it intends to […]

Consulting firm Deloitte has launched a space practice called Deloitte Space to advise organizations on the potential of the industry. Deloitte has 15 years of experience advising in the space […]

AST SpaceMobile gave an update on BlueWalker 3 satellite-to-cell tests in its full year financial results, reporting initial tests show the downlink signal strength needed to reach 5G cellular broadband […]

Virgin Orbit laid off about 85% of its workforce, approximately 675 employees, after it was unable to secure funding.  The smallsat launcher disclosed the layoffs in filings to the Securities […]

Planet increased revenue by 46% year-over-year in its 2023 fiscal year that ended January 31, 2023. The Earth observation (EO) company also announced Wednesday it is acquiring Sinergise, a developer […]

Telesat leadership did not have an update on financing for the Lightspeed constellation in its full year financial results, but confirmed the company is optimistic and confident the project will […]

SES confirmed the operator is in talks for a potential combination with fellow operator Intelsat. SES issued a statement Wednesday morning after Bloomberg reported the satellite companies are nearing a […]

Isar Aerospace, one of the new launch companies out of Europe, has secured another $165 million in financing, as it gets ready for its first launch later this year. The […]