Finance

MDA Space saw a double-digit revenue increase in the second quarter of 2024 with growth in the company’s robotics and satellite businesses. The company reported its financials on Thursday, raising revenue guidance for the year.  MDA Space on Thursday reported revenue of $242 million Canadian dollars ($176 million) in the second quarter, up 23% year-over-year....

Japanese rocket launcher in development Interstellar Technologies raised 3.1 billion yen ($21 million) in a Series E funding round announced Aug. 5.  New investors SBI GROUP and NTT DOCOMO invested in the round, alongside financing from Resona Bank. This brings Interstellar’s total funding to 17 billion yen ($120 million). The company said it plans to...

Viasat’s shares were up more than 30% on Thursday after the satellite operator performed better than expected in the first quarter of fiscal year 2025 and slightly raised the low end of its guidance for the year.  Viasat reported Q1 fiscal year 2025 results on Aug. 7, reporting $1.1 billion in revenue. This was an...

Dcubed has closed its Series A funding round, a funding round that oversubscribed by 26%. The German space startup will use the funding to scale the current production of satellite actuators. At the same time, Dcubed will drive its position in the sector of in-space manufacturing, which is largely seen as one of the key...

Satellite manufacturer and operator Muon Space raised a $56.7 million Series B funding round, led by Activate Capital. Muon Space announced the round on Monday, which also included Acme Capital and existing investors Costanoa Ventures, Radical Ventures, and Congruent Ventures.  Muon Space is an end-to-end space systems provider that designs, manufactures and operates remote sensing...

Satellite operator SES reported strong momentum in its Networks business, particularly in the Government and Mobility sectors, as it reported its first half 2024 financial results on Aug. 1.  Overall, SES reported 978 million euro ($1.1 billion) of revenue in the first half of 2024, down less than 1% year-over-year. Net profit was 73 million...

Boeing on Wednesday wrapped up its search for its next top executive, naming long-time aerospace and defense industry veteran and executive Robert “Kelly” Ortberg as president and CEO, effective Aug. 8. Ortberg succeeds Dave Calhoun who announced in March he would retire this year. Ortberg, 64, led the former Rockwell Collins for six years until...

Significant charges in the Space business impacted Airbus in its second quarter financial results, as CEO Guillaume Faury detailed changes to the Space business on July 30 to deal with the issues.  Airbus reported its first-half results for 2024 on July 30. Consolidated revenues increased 4% year-over-year with higher commercial aircraft delivered and higher volume...

L3Harris Space segment saw flat sales in the second quarter of 2024, while the Aerojet Rocketdyne acquisition contributed to revenue growth company-wide. L3Harris reported its second quarter results on July 26.  Company-wide, revenue was up 13% year-over-year, primarily due to the Aerojet Rocketdyne acquisition. L3 Harris reported revenue of $5.3 billion during the second quarter. ...

Northrop Grumman’s Space Systems segment posted the lowest growth rate among the company’s four segments in the second quarter of 2024, while leadership set expectations for flat Space sales this year. However, the Space segment improved its operating margin year-over-year by 14% in Q2.  Northrop Grumman reported its second quarter results on July 25, posting...