Finance

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 […]

Revenues at Airbus Defence and Space were flat in the second quarter of 2021, at 2.4 billion euros ($2.9 billion), compared to the same quarter in 2020.  This was in […]

Boeing‘s Defense, Space & Security division reported $6.9 billion in revenue in its second quarter 2021 (Q2) financial results, a 4% bump from the same time period in 2020. Most […]

The satellite industry is moving into new use cases beyond traditional use cases around communication, intelligence, and navigation, as the industry grows and hundreds more satellites are launched to space […]

Sales at Lockheed Martin’s Space division rose 10% in the second quarter of 2021 compared to the same time last year. According to the company’s Q2 2021 results reported on […]

Rupert Pearce, who was CEO of Inmarsat for almost ten years, has a new role in the finance sector. Pearce announced July 26 that he is collaborating as a venture […]

Comtech Telecommunications has named Meketa Investment Group Managing Principal Judy Chambers to its board of directors after confirming the retirements of current board members Edwin Kantor, Ira Kaplan and Robert […]

Low-Earth Orbit (LEO) constellation operator Iridium Communications grew its total billable subscribers 19% year-over-year during its second fiscal quarter of 2021 (Q2 21), driving growth across all of its service […]

Low-Earth Orbit (LEO) constellation operator OneWeb has hired Nadia Hoosen as its new chief legal officer and group company secretary. She will serve as a member of OneWeb’s executive committee […]

Malaysian satellite operator Measat has moved customers off of its Measat-3 satellite after it suffered an anomaly in late June. The company issued a statement on July 17 confirming the […]

One of India’s most successful and iconic business leaders is coming to speak at the SATELLITE 2021 conference in September. Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, […]