Finance

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 […]

Update: Eutelsat and OneWeb announced early Tuesday that they have signed an MoU to combine Eutelsat and OneWeb in an all-share transaction. Under the deal, Eutelsat shareholders and OneWeb shareholders […]

Today, people who want to get data from space have more options than ever before. They can buy the data from a space company. They could start their own space […]

Spire Global is ramping up focus on Australia and New Zealand with two new executive hires and plans to open an office in Melbourne, the company announced the week of […]

Boeing on Wednesday said it has agreed to provide $50 million to anchor a new aerospace technology venture fund that is privately-managed by the company’s partner AE Industrial Partners (AEI), a private […]

Raytheon Technologies on Monday said its United Kingdom-based subsidiary has agreed to acquire another U.K.-based company, Northern Space and Security Ltd. (NORSS), that specializes in space domain awareness. Terms of […]

Sales in Lockheed Martin’s Space segment decreased $352 million, or 11% in the second quarter of 2022, compared to the same period in 2021. Lockheed Martin overall saw a dip […]

NanoAvionics, the highly touted, Lithuanian startup small satellite company is set to be acquired by Kongsberg Defence & Aerospace (Kongsberg) under a deal announced earlier this month. The acquisition could enable NanoAvionics […]

Airbus is launching a new connectivity service business around its HAPS technology platform, Zephyr, led by former Intelsat CCO Samer Halawi. The new venture, HAPS Services Business, is a subsidiary […]

Holly Johnson will lead manufacturer MDA’s Robotics and Space Operations (RSO) division on a permanent basis after taking on the role in an acting capacity earlier this year. MDA promoted […]

Satellite operator Measat has made two new key executive appointments as it looks to build for the future. It has appointed Ganendra Selvaraj as its new Chief Commercial Officer and […]

A new venture capital firm Stellar Ventures recently launched a fund with more than $23 million in capital commitments dedicated to investing in space technology. Celeste Ford, founder of aerospace […]

Kleos Space’s U.K subsidiary is setting up operations at the Space Park Leicester research hub. Kleos plans for the new UK facility to provide access to a tech community, and […]

L3Harris is making a strategic investment in Mynaric, investing 11.2 million euros ($11.4 million) in the business for a 7.2% share. L3Harris will acquire 409,294 new bearer shares of Mynaric […]

In late April, Sky Perfect JSAT announced it is joining forces with Japanese telco NTT to form a new company called Space Compass that will launch an integrated space computing […]

Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics at 65 million euros ($67 million). Kongsberg will acquire 77% of the […]

The global space industry grew 4% in 2021, to $386 billion in revenue, the Satellite Industry Association (SIA) recently reported. SIA released the annual State of the Satellite Industry report […]

Yahsat has appointed Sulaiman Al Ali as its new chief commercial officer, the company announced July 1. Al Ali will lead both YahClick, Yahsat’s data solutions arm, and Thuraya, its […]

Aerojet Rocketdyne President and CEO Eileen Drake won her bitterly contested proxy battle with the company’s dissident executive chairman, Warren Lichtenstein, after shareholders on Thursday voted in favor of Drake […]

Mark Dankberg is returning to his role as Viasat CEO, about a year and a half after shifting to executive chairman. Dankberg, who co-founded the company in 1986, will resume […]

French startup Leanspace raised a 6 million euro ($6.35 million) seed round to further its mission to simplify space software. European VC firm Karista led the round, along with 42CAP. […]

A new report from Credit Suisse explores possibilities for consolidation among the largest companies in the satellite sector, estimating that in the event that SES and Intelsat merged, it could […]

SatixFy Communications named David Ripstein, formerly of GreenRoad Technologies and Radcom to lead the company as CEO. Ripstein succeeds industry veteran Yoel Gat, former CEO and co-chairman, who died in […]

Japanese space robot company GITAI is expanding to the United States with a U.S. subsidiary and new office in Los Angeles. The company announced the new headquarters in Torrance, California, […]

Impulse Space, an in-space transportation services startup launched in 2021 by SpaceX founding member Tom Mueller, has secured $10 million in funding from Lux Capital. This brings Impulse Space’s recent […]