Finance

Space companies recognize the need for a diverse workforce and diverse perspectives around the table — yet acknowledge the industry has a way to go on this issue.  “There’s so much […]

Eutelsat Communications named a new president and CEO of its Eutelsat America business on Monday. Richard Mortellaro, who previously served as senior vice president of Sales, Marketing and Fixed Satellite […]

Swedish company Ovzon is targeting launch of its Ovzon 3 satellite between December 2022 and February 2023, the company said in its second quarter financial report on Aug. 18.   Delayed […]

Mynaric has hired former SA Photonics exec Mustafa Veziroglu as president and a member of its management board. Veziroglu will oversee development, qualification, and serial production of Mynaric’s laser communications […]

Virgin Orbit reported just $5,000 in revenue for the second quarter of 2022, as the company’s most recent launch on July 5 fell on the first day of the third […]

Breeze Holdings, a publicly traded special purpose acquisition company (SPAC), and D-Orbit, the Italian space logistics company, have canceled their planned merger due to a change in the financial markets. […]

Anuvu announced a deal on Aug. 11 to acquire Signal Mountain, which provides satcom services to the U.S. government. Anuvu said this acquisition will expand its existing government business. Financial […]

Rocket Lab grew revenue nearly 400% in the second quarter of 2022 compared to the same time period last year. The company reported record revenue of $55.5 million, representing 36% […]

Gilat Satellite Networks saw a small revenue increase in the three months to the end of June compared to the same stage last year. This was one of the highlights […]

Spire Global reported large growth in the second quarter of 2022, as revenue increased 113% year-over-year to $19.4 million. This topped the high end of the company’s guidance of $19.2 […]

Yahsat has seen strong increases in revenues and profits so far in 2022. Yahsat released its latest results on August 9, reporting in the six months to the end of […]

Comtech Telecommunications appointed Chairman Ken Peterman its new president and CEO, succeeding Michael Porcelain, effective immediately. The company announced the change on Aug. 10, less than seven months after Porcelain […]

Viasat reported a small increase in overall revenues, but a net loss for the company’s first quarter 2023 results, released Aug. 8. Revenues for the three months was $678 million, […]

LiveEO, a Berlin-based satellite analytics company, has secured 19 million euros ($19.34 million) in new funding, the company announced Aug. 5. LiveEO’s core product is an infrastructure monitoring suite powered […]

Xona Space Systems has secured another $25 million in financing, the company announced late last week. The company, which is developing navigation technologies from Low Earth Orbit (LEO), revealed that […]

Astra Space is ending use of its Rocket 3.3 iteration after two launch failures and moving to the next version of its launch system.  The rocket, part of Space Launch […]

Funding for Telesat’s Lightspeed constellation is hitting some speed bumps as the Canadian operator reported delays in financing discussions with export credit agencies (ECA), and that it will likely need […]

Private equity firm Affiliates of Antarctica Capital has acquired a controlling interest in geospatial intelligence company Descartes Labs.  The deal was announced on August 4, and financial terms were not […]

Eutelsat and OneWeb recently announced plans to combine, forming a GEO/LEO entity, in a major instance of consolidation in the satellite industry. Here is a compilation of exclusive Via Satellite […]

SES CEO Steve Collar would not confirm or deny reports that merger talks are underway between SES and Intelsat in a call with investors on Thursday. Collar spoke on Aug. […]

Launch for Hughes Network Systems Jupiter-3 satellite is now expected to launch in the first half of 2023. The satellite has been delayed multiple times, and was most recently expected […]

Globalstar has hired IoT industry veteran Chirag Patel as director of Product Management to lead the company’s vision for industrial IoT. He will be responsible for product vision, strategy, roadmap […]

SES has completed its acquisition of DRS Global Enterprise Solutions (DRS GES) and will combine the business with subsidiary SES Government Solutions to serve U.S. government customers.  SES expects the […]

Inmarsat has released new research which looks at how businesses and the general population view the potential for space. The report — What on Earth is the Value of Space […]

While L3Harris logged a dip in revenues in the second quarter of 2022, citing supply-chain constraints, the company also reported a $53 million increase in Space revenue. Overall, L3Harris revenue […]

Northrop Grumman’s Space business continued to grow in the second quarter of 2022, despite an overall dip in sales. Space Systems logged about $3 billion in sales in the second […]

Revenues at Boeing Defense, Space & Security fell 10% in the second quarter of 2022, and the segment recorded a $93 million charge on the Commercial Crew program for NASA.  […]

Iridium Communications grew income in the second quarter of 2022 by 17% compared to the same time period last year, boosting commercial and government service revenue, along with subscriber equipment […]

Eutelsat and OneWeb have reached an agreement to combine, bringing together satellite assets in Geostationary Orbit (GEO) and Low-Earth Orbit (LEO) for multi-orbit service. The companies announced the news early Tuesday, […]

Satellite intelligence startup Astraea raised a $6.5 million Series A round led by Aligned Climate Capital and Carbon Drawdown Collective to commercialize its geospatial platform focused on climate change.  Astraea’s […]