Finance

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 […]

CesiumAstro closed a $60 million Series B funding round, co-led by Airbus Ventures and Forever Ventures. The round, announced Wednesday, brings CesiumAstro’s total funding raised to nearly $90 million.  The […]

The private equity firm AE Industrial Partners (AEI) on Thursday said it has agreed to acquire a “significant stake” in Firefly Aerospace, a deal that would add to its portfolio in the space […]

Hughes Network Systems revenue grew 5% in 2021 to a record $1.96 million, despite a decrease in broadband subscribers. Hughes’ financials were released as part of parent company EchoStar Corporation’s […]

Intelsat has emerged from a long Chapter 11 process as a private company. Its plan of reorganization, confirmed in court in December, reduced the company’s debt by more than half, […]

SES saw profits increase for 2021, but overall revenue fell to 1.78 billion euros ($2.02 billion), 2.9% down compared to 2020. SES achieved a net profit of 323 million euros […]

EchoStar Corporation has appointed Hamid Akhavan as the company’s next CEO and president. EchoStar announced Wednesday that Akhavan will succeed CEO and President Michael Dugan, who will be retiring at […]

Maxar Technologies is making a strategic investment in Aurora Insight, a radio frequency (RF) data provider. Aurora announced the strategic investment on Wednesday but did not share the investment amount.  […]

BlackSky reported $34.1 million in revenue for 2021 in its second-ever quarterly financials since going public through a special purpose acquisition company (SPAC) merger last year.  The $34.1 million in […]

Iridium Communications reported record revenue in 2021, continuing an eight-year revenue growth streak. The company released its full-year 2021 financial results on Feb. 17, reporting $614.5 million in revenue, which […]

Eutelsat Communications‘ fiscal performance in the first-half of its 2021-2022 financial year (H1) will result in a delay in the company’s return to growth strategy, as revenues fell in some […]

Airbus Defence and Space saw a double-digit boost in order intake in 2021 compared to 2020, but also reported a slight dip in revenues for the year. The company released […]

Belgian satellite manufacturer Aerospacelab closed a 40 million euro ($45 million) Series B funding round, co-led by Airbus Ventures and XAnge. This brings Aerospacelab’s total funding to 60 million euro […]

Emcore Corp. on Tuesday said it has agreed to acquire the Space and Navigation business of L3Harris Technologies for $5 million in cash in a deal that expands its fiber […]

Gilat Satellite Networks reported 32% revenue growth in 2021 compared to 2020, in the company’s full year 2021 financial results published Tuesday. Revenue was $218.9 million, compared with $165.9 million […]

Lockheed Martin on Sunday evening, just before kickoff at the Super Bowl, said it has terminated its agreement to acquire rocket propulsion supplier Aerojet Rocketdyne following the U.S. Federal Trade Commission’s […]

Tokio Marine Holdings (Tokio Marine), a multinational insurance holding company headquartered in Tokyo, Japan, has made a strategic investment in synthetic aperture radar (SAR) data provider Iceye and will start […]

Greg Wyler, founder of O3b Networks and OneWeb, is kickstarting another space venture, E-Space. The startup announced a $50 million investment from Prime Movers Lab on Monday, and plans for […]

XipLink has appointed Jaco Botha as senior vice president of Product, the company announced Feb. 4. Botha will have responsibility for all product management, product marketing and alliance partnership functions […]