Finance

Momentus‘ founding CEO Mikhail Kokorich has resigned amid the company’s efforts to go public, due to regulatory concerns with his status as a Russian citizen. The company announced Jan. 25 […]

Despite The Boeing Company‘s COVID-19 and 737 MAX aircraft-related woes, it’s Defense, Space & Security division posted a 2020 Fourth Quarter (Q4) revenue increase of 14% year-over-year. The division brought […]

Lockheed Martin’s Space segment continues a streak of increased sales, as the company reported $401 million in net Space sales in Fourth Quarter (Q4) of 2020 — a 14% increase […]

Speedcast gets ready for a new chapter under new CEO Joe Spytek as it prepares to emerge from Chapter 11 bankruptcy. The company announced Monday that the U.S. Bankruptcy Court […]

Forsway, the Swedish satellite/terrestrial broadband player, is adding a new member to its board of directors. The company announced Jan. 22 that Irdeto Executive Bengt Jonsson will join the board. […]

A class action lawsuit has accused David McGlade, former Intelsat CEO and chairman of its board of directors, along with shareholders BC Partners and Silver Lake, of insider trading around the […]

Sunil Bharti Mittal is one of India’s richest business people, and is worth over $10 billion according to Forbes. He is the founder and chairman of Bharti Enterprises, one of […]

SoftBank Group has made an investment into the new iteration of OneWeb, the company announced Jan. 15. This marks SoftBank re-investing into OneWeb, after the former majority investor pulled out […]

Eutelsat has taken on a eight-year, $243 million (200 million euro) financing agreement from the European Investment Bank (EIB) to back investments related to the procurement and launch of the […]

Arianespace reported $1 billion euro ($1.2 billion) in sales in 2020, approximately the same level of sales as 2019, in a year-end update released Thursday. The European launcher also reported […]

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk […]

Just before the end of the year, Electro Optic Systems (EOS) announced a new company called SpaceLink to establish a data relay satellite service. The venture is led by David […]

Skylo, an Indian Internet of Things (IoT) network provider, revealed Tuesday that Angira Agrawal was hired as Chief Operationg Officer (COO). Agrawal will oversee all operations and customer-facing activities throughout […]

UltiSat revealed Monday that the company has made several new senior leadership appointments and reorganized around four primary lines of business – Managed Network Services, Airborne Intelligence, Surveillance, and Reconnaissance […]

Comtech Telecommunications has extended the term of its acquisition agreement for UHP Networks until Feb. 28, 2021, Comtech announced Dec. 30.  Comtech’s intent to acquire UHP was first announced in […]

Hanwha Systems (HSC), a South Korean defense technology company, has agreed to invest $30 million in Kymeta Corporation, the companies announced Dec. 28. After regulatory approval, Hanwha Systems will also […]

Voyager Space Holdings plans to acquire a majority stake in Nanoracks through Nanoracks parent company XO Markets, the companies announced Dec. 23. Financial terms of the deal were not disclosed, […]

Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. Raytheon initially agreed to acquire BCT in November. BCT now reports into Raytheon Intelligence and Space, […]

The year 2020 was eventful for the satellite industry in many ways. From the FCC‘s final C-band spectrum clearing offer, to the Intelsat and OneWeb bankruptcies (and OneWeb’s sale), and […]

Viasat has agreed to acquire RigNet, the operator announced Monday, a move that will make Viasat a vertically-integrated player in the energy sector. The all-stock transaction gives RigNet, which provides […]

Lockheed Martin’s surprise announcement Sunday that it has agreed to acquire propulsion systems developer and manufacturer Aerojet Rocketdyne in a $4.4 billion deal, will lead to better integrated end products […]

The new Amazon Web Services (AWS) Aerospace and Satellite Solutions division is on a listening tour with customers as its leaders work to set up the department. Retired Maj. Gen. […]

AST SpaceMobile rolled out two major announcements on Wednesday — the company is planning to go public through a special purpose acquisition company (SPAC), and plans to launch the first […]

When the coronavirus pandemic put much of the world in lockdown last spring, the space startup community feared that venture capital would dry up. In an April 2020 report, Quilty […]

Over the course of this year, members of Via Satellite and CyberSat’s advisory boards have brought up the topic of supply chains numerous times while talking about some of the […]

In commercial satellite industry circles, merger and acquisition (M&A) deals that will “change everything” are whispered about like a six-mile-wide asteroid tracking too close to the Earth. Will this be […]

Redwire revealed Tuesday that it acquired LoadPath, a developer of payload adapters, deployable structures, and thermal products for the space industry. This is the fifth acquisition Redwire has made this […]

In a new feature, we round up and put into context the most recent news involving the major satellite operators. The week of Dec. 7 was a relatively quiet one […]

On the heels of opening a new U.S. office and joining Telesat’s team for a U.S. defense contract, Mynaric is looking to make its laser terminals mainstream on megaconstellations and […]

Electro Optic Systems (EOS) has formed a new U.S.-based subsidiary SpaceLink, focusing on satellite data relay. David Bettinger, an industry veteran from OneWeb, iDirect and Hughes Network Systems will serve […]