Finance
May 9, 2024
SpaceX’s Starlink business is on track to hit $6.6 billion in revenue and post its first free cash flow positive year in 2024, Quilty Space estimates in a new report on the impact of the satellite constellation. Quilty Space conducted an in-depth analysis into Starlink financials, which are not publicly reported. The report is not…
May 9, 2024
Globalstar reported $56.5 million of revenue in the first quarter of 2024, a $500,000 increase from the same time last year. In its May 8 financial report, the company reported continued growth in commercial IoT, and a new satellite proof-of-concept for a government services company. Globalstar noted that there was a nonrecurring revenue item in…
May 9, 2024
BlackSky reported $24.2 million in revenue in the first quarter of 2024, up 32% from the same time last year. The company released its Q1 financials on May 8. Imagery and software analytical services revenue is the largest portion of the company’s revenue — $17.8 million in the first quarter of 2024. This was an…
May 8, 2024
Satellite navigation startup Xona has raised $19 million in a Series A funding round, the company announced Wednesday. Future Ventures and Seraphim Space led the round, which also included new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq. Xona is developing a Low-Earth Orbit (LEO) satellite network to provide commercial navigation services.…