Finance

Lockheed Martin on Tuesday posted declines in its top and bottom lines in the first quarter due to program transitions and supply chain and operations challenges related to COVID-19. COVID impacts […]

Iridium Communications reported 15% revenue growth in the first quarter of 2022, compared to the first quarter of 2021. The satellite operator on Tuesday reported Q1 total revenue of $168.2 […]

Employment in the United Kingdom space industry grew nearly 7% between 2019 and 2020, according to a new industry report released Thursday. Consulting firm BryceTech compiled the survey, the “Size […]

Former Inmarsat CEO Rupert Pearce is joining energy service company Highview Power as CEO, the company announced Monday.  Pearce led Inmarsat for nearly a decade before his departure in early […]

Satellite industry veteran Yoel Gat died on April 8, SatixFy Communications announced Sunday. Gat was a 40-year veteran of the satellite industry and co-founded Gilat Satellite Networks, RaySat, and SatixFy. […]

SES continued to fortify its cloud strategy with the signing of a new dedicated connectivity deal with one of the world’s biggest IT companies, Oracle. The contract, which SES announced […]

Investors gave a staggering $15 billion in total financing to startup space companies in 2021, according to a report published Wednesday by BryceTech. This nearly doubles the previous record of […]

Two dozen executives from the space industry’s largest companies signed an Aerospace Corp.-drafted industry pledge Tuesday morning to increase workforce diversity, report annual data on diversity in senior leadership roles, […]

Virgin Orbit’s revenue was up in 2021, but the company’s net loss increased as well. The smallsat launcher released its first-ever, full year financial results on March 29, after becoming […]

Earth imaging startup Pixxel has raised $25 million in a Series A funding round led by Radical Ventures. Pixxel announced the funding on Monday and said it will expedite production […]

Boeing on Monday said that Leanne Caret, president and CEO of the company’s $26 billion Defense, Space and Security business, will retire later this year and be succeed by Ted […]

Synspective, a Japanese synthetic aperture radar (SAR) satellite data and solutions provider, has raised another $100 million in financing. The company announced the Series B funding round on March 29. […]

Terran Orbital completed its SPAC merger and began trading on the New York Stock Exchange on Monday.  This completes the special purpose acquisition (SPAC) merger with Tailwind Two Acquisition Corp. […]

Space situational awareness startup Neuraspace has raised 2.5 million euros ($2.75 million) from Armilar Venture Partners. Armilar invested in Neuraspace through its TechTransfer Fund, a venture capital fund that aims […]

Spanish satellite operator Hispasat has reached an agreement to acquire AXESS Networks, a teleport operator and satellite services provider with a presence in Latin America, Europe, the Middle East and […]

Euroconsult projects that satellites in Non-Geostationary Orbit (NGSO) will make up 90% of in-orbit capacity in 2026, a complete reversal of the situation from as recently as late 2020. The […]

Envistacom is divesting its technology development business unit, the Advanced Technologies Group (ATG), as a standalone business, the company announced Wednesday. The company’s official name will be Apothym Technologies Group, […]

Space tech startup Scout has closed a bridge funding round led by Decisive Point, bringing total capital raised to $1.5 million. The Virginia Innovation Partnership Corporation and Geospatial Alpha participated […]

SpaceChain has opened a new office in Abu Dhabi as it looks to tap into markets in the Middle East, the company announced March 16. SpaceChain will look to spearhead […]

Kymeta has closed on additional equity funding of approximately $84 million, making Kymeta nearly fully funded. Bill Gates led the funding, with participation from Hanwha Systems and other investors.  Bill […]

Canadian manufacturer MDA is building a new global headquarters housing a space robotics facility in Brampton, Ontario. The 200,000 square-foot building will feature the Space Robotics Centre of Excellence, state-of-the-art […]

Former astronaut Tim Kopra has joined OneWeb Technologies as president to lead the company’s growth strategy. OneWeb Technologies, formerly TrustComm, is OneWeb’s U.S. proxy focused on serving Five Eyes governments.  […]

Space simulation startup Slingshot Aerospace closed a $25 million Series A-1 funding round, the company announced Thursday. Draper Associates, the venture capital of Tim Draper and ATX Venture Partners led […]

Spire Global posted $43.4 million in revenue for 2021, beating its revised full year guidance of revenue between $40 million and $42 million. This represents a 52% increase over 2020 […]

Globalstar has appointed former AT&T Exec Dave Haight to be its new vice president of IoT, the company announced March. 8. Haight joins Globalstar after working on developing the IoT […]

Satellite ground technology company SatixFy is in the process of going public through a special purpose acquisition company (SPAC) deal with Endurance Acquisition Corp. The deal, announced Tuesday, will make […]

Weather intelligence company Tomorrow.io’s SPAC merger is off. Tomorrow.io and special purpose acquisition company (SPAC) Pine Technology Acquisition Corp. announced Monday that they have agreed to terminate their merger agreement […]

Intelsat has named former Raytheon executive David Wajsgras as its next CEO, effective April 4. Wajsgras succeeds CEO Stephen Spengler, who was with the company for 18 years, and previously […]

British Earth observation (EO) startup Satellite Vu has closed the second round of its Series A, bringing total funding to 20 million pounds ($26 million). Seraphim Space Investment Trust Plc, […]

Canadian space companies including Telesat, SpaceBridge, and MDA are launching a new industry group for the national space industry called Space Canada. The group said Thursday it will offer a […]