Finance

Eutelsat Communications announced Wednesday afternoon that CEO Rodolphe Belmer will step down at the beginning of 2022. He is leaving to become CEO of French information technology company Atos, which […]

After almost seven years as CEO and more than 18 years at Intelsat, CEO Steve Spengler plans to retire once the company completes Chapter 11 financial restructuring and selects a […]

The leaders of two of the top satellite operators — Steven Spengler and Rodolphe Belmer — announced within a day of each other that they will be departing their companies.  […]

Iridium Communications raised its 2021 full-year financial projections after reporting 9% service revenue growth and an 18% year-over-year increase in total billable subscribers during its 2021 third fiscal quarter (Q3). […]

Comtech Telecommunications is receiving a $100 million capital injection that the company said will accelerate growth in its satellite technology, 911 business, and M&A strategy.  The company announced Monday that […]

Inmarsat‘s 2021 executive leadership shake-up continues. The U.K. operator confirmed Thursday that it has replaced Ronald Spithout, who has led its Maritime business unit since 2014, with Ben Palmer, the […]

Spacecom, the Israeli satellite operator, is going through an acquisition that will place the majority of the company under Hungarian ownership. Hungarian telecommunications company 4iG announced Oct. 12 that its […]

Rocket Lab has made its second acquisition, Advanced Solutions, Inc. (ASI), a space software company, for $40 million. The launcher announced Tuesday that the acquisition has been completed, and includes […]

The valuation of Elon Musk’s SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an agreement with new and existing investors […]

Rick Ambrose, the executive vice president for Space at Lockheed Martin, has decided to retire on March 1 next year, the company said on Oct. 7. After joining Lockheed Martin […]

Maury Microwave has completed the acquisition of dBmCorp, which designs and manufactures wireless link emulation equipment used for satellite testing.  Maury Microwave designs and manufactures Radio Frequency (RF) measurement and […]

Outerbridge Capital Management, which owns approximately 4.95% of Comtech Telecommunications Corp.’s common stock, sent a letter to the Comtech board of directors on Wednesday detailing a lack of faith in […]

Climate-focused satellite constellation startup Muon Space has raised a $10 million seed funding round, led by Costanoa Ventures. In addition, Space Capital, Congruent VC, Ubiquity Ventures, South Park Commons, and […]

Comtech Telecommunications‘ longtime CEO Fred Kornberg will be stepping down at the end of the year. The company announced Monday that President and COO Michael Porcelain will become CEO, succeeding […]

HawkEye 360 CEO John Serafini said Thursday that the radio frequency (RF) data and analytics firm’s newly launched next-generation satellites have enabled the company to secure more than $50 million […]

SES has announced two new Asia based deals in the last 24 hours. It is teaming up with SoftBank to deliver live sporting events into Japan. The deal was announced […]

Patrick Drahi, the Franco-Israeli telecoms entrepreneur who founded Altice NV and recently became BT’s largest single investor, sent an unsolicited proposal to take over Eutelsat, the French satellite operator confirmed […]

The U.S. government has realized that it needs to step up its game in the Arctic as the region becomes increasingly strategic to security and economic interests. Increasing activities in […]

Isotropic Systems, which plans to become a key player in the burgeoning antenna industry, has secured another $37 million in Series B funding. The equity funding round was announced Sept. […]

Satellite navigation startup Xona Space Systems has raised $8 million in a funding round that the company says will fully fund its first mission. The Seraphim Space Investment Trust and […]

Eurasian Space Ventures (ESV) recently signed an MoU with Kazakhstan’s national space agency Kazakhstan Gharysh Sapary (KGS) and a joint Kazakh-French venture Ghalam, to develop space activities in Kazakhstan, where […]

Commercial launch service provider Virgin Orbit will now be able to provide AI-powered insights and data to its government and commercial customers under the terms of a new software agreement […]

Raytheon Technologies on Tuesday said it has agreed to acquire SEAKR Engineering in a deal that strengthens its space business with a suite of space electronics products. Terms of the deal, […]

Making a jump to have its own in-house capabilities to design and manufacture satellites, Britain’s BAE Systems on Tuesday said it has acquired another United Kingdom-based company, In-Space Missions, which is currently […]

Stephen Bennett, former senior vice president at Blue Origin, has taken the role of Kepler Communications COO, the company announced Tuesday. Bennett is an aerospace industry veteran who has also […]

Spire Global is making its first acquisition after going public, with an agreement to acquire exactEarth for $161.2 million. ExactEarth provides satellite-AIS data services, which is used to track ships. […]

Space-based geospatial intelligence company BlackSky is now trading on the New York Stock Exchange after completing its special purpose acquisition company (SPAC) merger on Sept. 9. BlackSky Holdings completed its […]

Khalid bin Ahmed Balkheyour has resigned as CEO of Arabsat, and the company’s board of directors has assigned Dr. Badr bin Nasser Al-Suwaidan to head the organization. The Arabsat board […]

Dutch satellite industrial Internet of Things (IIoT) company Hiber B.V. has appointed a new CEO. Roel Jansen who joined Hiber as chief commercial officer in March, is now the company’s […]

GI Partners has completed its acquisition of Orbcomm. The all-cash transaction values Orbcomm at approximately $1.1 billion, including net debt. This deal makes Orbcomm a private company, and its stock […]