Finance

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 […]

BlackSky Technology has named its new CFO. The geospatial intelligence company announced June 16 that it promoted Chief Development Officer Henry Dubois, a veteran of the satellite imagery industry, to […]

Anokiwave has appointed Ryan Jennings as its new vice president of satcom and systems, the company announced June 16. Anokiwave is a fabless semiconductor company providing highly integrated millimeter-wave silicon […]

Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline […]

Sony Group Corporation announced Friday that it is launching a new company focused on optical communications in space. The new venture, Sony Space Communications Corporation (SSC), is a subsidiary of […]

Inmarsat recently released a financial update showing encouraging signs aviation, maritime, and government market. Inmarsat is not publicly traded and normally does not release financial results, but this release comes […]

NASA is awarding nearly $50 million total in awards to small businesses and research institutions to support space technology, the agency announced May 26. The funds are part of Phase […]

Satellite IoT network operator Astrocast announced a deal to acquire Hiber on Monday. Hiber, based in the Netherlands, provides IoT services using satellite connectivity. Astrocast cited a number of reasons […]

Space data and analytics company SatSure has acquired Philadelphia-based geospatial services company Old City Innovations in a bid to enter the U.S. market. Old City Innovations (OCI), formerly Geospoc LLC, […]

Ovzon, a mobile satellite communications solutions company, is preparing for the launch of its Ovzon 3 satellite, a major milestone for the company. Ovzon CEO Per Norén spoke with Via Satellite about […]

Viasat posted record revenue of $2.8 billion in its 2022 fiscal year, up 24% over the prior year. The company logged gains in each of its three business segments, with […]

Benchmark Space Systems is the latest U.S. space company to invest in the United Kingdom. The company announced May 24 that it had opened a manufacturing and testing facility northwest […]