Finance

Gilat Satellite Networks Ltd. reported a 36% decline in revenue for the Second Quarter (Q2) which ended June 30. Revenues totaled $38.3 million, compared with $59.7 million for Q2 2019. […]

AT&T is considering selling satellite TV business DirecTV, The Wall Street Journal reported on Friday. Potential bidders include Apollo Global Management Inc. and Platinum Equity, the Journal reported.  AT&T bought […]

Boeing on Friday donated $10.6 million to 20 nonprofit organizations working to address racial equity and social justice in the U.S. Additionally on Friday, Boeing President and CEO Dave Calhoun […]

A recent Quilty Analytics report outlines that satellite constellations in Non-Geostationary Orbit (NGSO) like Amazon’s Project Kuiper, SpaceX’s Starlink, and OneWeb’s constellation, will need to generate about $600 million in […]

In this week’s Thursday Morning Conversation, Mark chats with Chris Johnson, president of Boeing Satellite Systems. They talk about the Johnson family’s quest to watch all of the Marvel movies […]

AXESS Networks has received $42.5 million (36 million euros) in long-term financing from Spanish development finance company COFIDES and private debt fund ALANTRA. AXESS said in an Aug. 20 release […]

Kymeta Corporation has raised approximately $85 million in its latest funding round, led by longtime investor Bill Gates. Kymeta’s leadership team personally invested $1 million as well, led by Executive […]

Redwire revealed Tuesday the hiring of Al Tadros as chief growth officer and Executive Vice President (EVP) of space infrastructure. Tadros joins Redwire from Maxar, where he served as Vice […]

Voyager Space Holdings, Inc. (Voyager) on Monday introduced Voyager Space IP Exchange (VSIPX), the first patent and intellectual property marketplace for the space industry. Buyers and sellers have access to […]

KBR, Inc. on Wednesday said it has agreed to acquire Centauri for $827 million in cash in a deal that complements its existing civil space business with work in the space domain […]

David Myers has been appointed President of UltiSat, which does business as Speedcast Government (SCG). The Board of Directors announced Friday that Myers will be the next CEO succeeding longtime […]

This week’s Thursday Morning Conversation takes place in Germantown, Maryland, with Hughes Network Systems President Pradman Kaul. This may be one of my favorite TMCs as Kaul was eager to […]

Flat panel antenna company Kymeta Corporation has acquired satellite service provider Lepton Global Solutions LLC, in a move that executives say will strengthen their go-to-market position with the u8 antenna […]

Skylo revealed on Tuesday that it is partnering with Sony Semiconductor Israel (formerly known as Altair Semiconductor). Skylo and Sony say they are the first to develop and deploy cellular […]

Maxar Technologies hired Jim McClelland as vice president of it its newly established Mission Architecture function. McClelland most recently served as chief technology innovation officer at Airbus U.S., Space and […]

Isotropic Systems appointed John-Paul (JP) Szczepanik as Senior Vice President (SVP) of Engineering. Szczepanik is an antenna development veteran and the former Chief Technology Officer (CTO) at Phasor. Szczepanik will […]

I have got to be honest, I am not on TikTok. But after this week’s Thursday Morning Conversation (TMC), I know someone who most definitely is! This week’s conversation is […]

Despite the pandemic and its effects on the economy, Planet says it is exceeding business targets in 2020. Co-founder and CEO Will Marshall shared in an update on Tuesday that […]

SES CEO Steve Collar said that the operator is working with its satellite manufacturer partners to ensure that the COVID-19 pandemic does not disrupt the tight deadlines that FCC has […]

GoGo reported consolidated revenue of $96.6 million and a net loss of $86 million in its Second Quarter (Q2) 2020 financial results released on Monday. GoGo, which provides In-Flight Connectivity […]

Viasat is the latest to join a long list of satellite operators reporting quarterly losses that weren’t nearly as bad as analysts expected. Again, COVID-19 is the culprit, taking a […]

DISH Network‘s second quarter 2020 (2Q) financial report produced mixed results — an increase in net profit, offset by subscriber losses, service disruptions in hospitality and airline markets, and a […]

Like most of its global satellite operator peers, Intelsat faced COVID-related headwinds that challenged its business in the second quarter (2Q) of 2020. The Virginia-based company, which is currently operating […]

It has been a busy week for global operator SES. While the company finalized launch and manufacturing agreements with the likes of Boeing, Thales Alenia Space, ULA, and SpaceX, SES […]

EchoStar reported its financial results for both the three and six months ended June 30, 2020, in which it reported consolidated revenues of $459.5 million for Q2 2020. Consolidated revenue […]

This week’s Thursday Morning Conversation is with Khali Heath, principal product marketing manager at Intelsat. In this conversation we talk about her love of tennis, James Brown and R&B, as […]

Maxar Technologies stock climbed over the $24 per share mark Thursday morning after posting strong second quarter results and reporting $500 million dollars in liquidity after its April 2020 sale […]

Loft Orbital awarded a contract to small satellite manufacturer Blue Canyon Technologies (BCT) to develop and build the YAM-4 spacecraft bus for the Canadian Space Agency (CSA) and Honeywell‘s Quantum […]

Industry analysts from Berenberg Bank and Jefferies put European satellite operator Eutelsat under the microscope this week, issuing reports that largely praised the company for its recent acquisition of BigBlu […]

ABL Space Systems was awarded two U.S. Department of Defense (DoD) contracts worth $44.5 million, and completed a funding round valued at $49 million. Additionally, the company began testing its RS1 […]