Finance

Artificial Intelligence software giant Palantir Technologies has committed to an equity investment in space-based geospatial intelligence company BlackSky once it completes its planned business combination with Osprey Technology Acquisition Corp. […]

Intelsat has put forward an amended plan to pull the satellite operator out of Chapter 11 bankruptcy, with binding support from holders of nearly 75% of the company’s debt.  If […]

AAC Clyde Space is launching an African subsidiary in South Africa, the company announced Monday. AAC Space Africa will be based in Cape Town, and it will design, build, and […]

Virgin Orbit is taking a special purpose acquisition company (SPAC) merger to go public in a deal that values the company at $3.2 billion.  The launcher announced Monday that parent […]

UltiSat has named Richard Koucheravy as the company’s new vice president of Sales & Business Development, UltiSat announced Thursday. Koucheravy will be responsible for driving revenue growth through new customers […]

Rocket Lab’s special purpose acquisition company (SPAC) merger is set to close, making Rocket Lab a publicly traded company. Shareholders of Vector Acquisition Corporation approved the SPAC merger with Rocket […]

Retired U.S. Air Force Brig. Gen. Mark Baird has been named president of Vox Space, Virgin Orbit subsidiary that provides launch services to the national security community.  Baird has held […]

AST SpaceMobile, which is working to build a space-to-cell network, posted its first set of financial results after going public in April.  For the second quarter of 2021, AST SpaceMobile […]

Phantom Space Corp., the Arizona-based company space company led by founding SpaceX member Jim Cantrell, has acquired space systems developer Micro Aerospace Solutions (MAS) operating out of Melbourne, Florida. This […]

Shareholders of NavSight Holdings Inc. approved a special purpose acquisition company (SPAC) merger with Spire Global on Aug. 13. The business combination is set to close on Monday, and the combined […]

Smallsat launcher Astra reported its first set of financial results since going public through a special purpose acquisition company (SPAC) merger on July 1.  The company released its second-quarter 2021 […]

Telesat revenue dipped 10% in the second quarter of 2021 compared to the same time last year, according to the operator’s financial results released Friday. The Canadian satellite operator reported […]

South Korean manufacturing and technology company Hanwha has joined OneWeb’s ownership consortium with a $300 million investment for an 8% share in the company. This investment brings OneWeb’s total equity […]

The government of Canada has agreed to invest an additional $1.44 billion Canadian dollars in Telesat‘s Lightspeed constellation if the operator meets Canadian capital and operating expenditures requirements tied to […]

Stockholders of Stable Road Acquisition Corp the special purpose acquisition company (SPAC) merger with Momentus on Wednesday. Momentus will begin trading on the NASDAQ Global Select Market under the symbol […]

Gilat Satellite Networks grew its revenue by nearly half in the second quarter of 2021 compared to last year. The Israeli satellite networking tech company reported $56.9 million in revenues […]

Former NASA Acting Administrator Steve Jurczyk has started a new position at space investment firm IBX, where he now serves as its new executive vice president of space operations, the […]

Private equity firm Providence Equity Partners is in talks to acquire satellite service provider Marlink. The companies said in a Monday announcement that any transaction would be subject to customary […]

SpaceX is in the process of making its first acquisition of a satellite company. According to FCC filings from August 6, SpaceX has reached an agreement to buy satellite Internet […]

Boeing on Thursday said it has entered a strategic partnership with the private equity firm AE Industrial Partners (AEI) to manage and expand its HorizonX venture capital arm that has already made […]

Maxar Technologies is pushing back the launch of the first satellite in its WorldView Legion constellation to mid-March 2022. This is an additional delay after last quarter, the launch slipped […]

Viasat reported record revenue of $665 million during the first quarter of its 2022 fiscal year, a 25% increase from the same time last year. This revenue boost came from […]

SES delivered 875 million euros ($1 billion) of revenue in the first half of 2021, as a decline in Video revenues slowed down, and Networks performance stayed flat. Revenue in […]

Intelsat continued to see gains from its acquisition of Gogo’s Commercial Aviation division in the second quarter of 2021. Total revenue of $507.9 million was up 5% compared to the […]

L3 Harris‘ space and satellite communication business divisions reported modest revenue gains in is 2021 second fiscal quarter (Q2 2021). Its Space and Airborne systems revenue increased 3% over the […]

Hughes Network Systems saw an 8.6% boost in revenue during the second quarter of 2021 compared to 2020, driven by higher sales for equipment and consumer broadband. This revenue growth […]

Despite buzz around growth in satellite services, revenue for this segment of the satellite industry is predicted to be virtually flat through 2025, according to Euroconsult figures. Nathan de Ruiter, […]

Eutelsat Communications reported a 3.5% dip in revenues in its 2020-21 fiscal year compared to the prior year, but the 1,220 million euros ($1447 million) in revenue was at the […]

Northrop Grumman reported strong second quarter financial results on July 29, led by a number of programs in its Space Systems and Mission Systems segments. The company again raised its […]

Space-based data company Spire Global released financial results reporting a roughly 35% increase in revenue in the first half of the year, compared to the same time period in 2020 […]