Finance

Rocket Lab reported a 7% year-over-year revenue increase in the third quarter of 2023, posting $67.7 million in revenue. Net loss was $40.6 million.  Revenue of $67.7 million was near...

BlackSky posted a net income of $675,000 in the third quarter of 2023, marking the first time the company has posted a positive net income.  However, CFO Henry Dubois noted...

The United Arab Emirates’ flagship operator Al Yah Satellite Communications Company  (Yahsat) is enjoying its strongest fiscal year in the last five years, with both its 2023 nine-month revenue and...

Canadian satellite operator Telesat maintained its full-year 2023 revenue guidance in its 2023 third fiscal quarter (Q3) results, as it hopes to keep losses at a minimum in the ramp...

Satellite operator EchoStar, parent company of Hughes Network Systems, reported a tough 2023 fiscal third quarter (Q3), which included a 17% year-over-year decrease in consolidated revenue and a loss of...

Globalstar increased its overall 2023 guidance on Thursday after reporting 53% year-over-year growth in the third quarter. Globalstar raised the low end of its guidance for the second time this...

GPS startup Zephr raised $3.5 million in a seed round led by Space Capital and First Spark Ventures, the company announced Tuesday. Zephr is working to create a networked GPS...

Viasat is laying off 800 employees, about 10% of its workforce, as it is integrating the Inmarsat business post-acquisition. Viasat announced the reduction on Thursday and said it will be...

MDA closed on its acquisition of SatixFy Space Systems UK (SSS) on Oct. 31, the company announced. MDA announced its plan to acquire the digital payload division of SatixFy Communications...

SES is pushing back the start of commercial service for its O3b mPOWER constellation to early in the second quarter of 2024, as it deals with power module issues on...