Finance

Tilebox, a new European space startup has closed its pre-seed round of funding, raising $1.7 million. The company announced the close of the funding round Aug. 1. The round was...

Globalstar’s financial position has been greatly improved with the company’s deal to provide the satellite service for Apple’s iPhone 14 emergency messaging service. In the first half of this year,...

Revenue at SES grew nearly 10% in the first half of this fiscal year, but the operator also disclosed a minor issue with O3b mPOWER satellites in its half year...

Planet will lay off 117 employees, CEO Will Marshall announced Tuesday, after the company lowered its guidance last quarter.  Planet published a note that Marshall sent to the company, explaining...

Orbit Fab has hired former Terran Orbital executive Shawn Hendricks as its first chief operating officer (COO), to ramp up the company’s internal production. Orbit Fab announced the hire July...

L3Harris closed on its acquisition of rocket propulsion supplier Aerojet Rocketdyne on Friday, after the Federal Trade Commission did not block the move.   More than 5,000 employees from Aerojet Rocketdyne...

Eutelsat Communications is optimistic for a return to top line growth in the coming fiscal year, despite drop in Video revenues. The company reported 1.13 billion euros ($1.25 billion) in...

Ground segment service provider Leaf Space raised 20 million euros ($22 million) in a Series B round announced July 25. The company also took on a 15 million euro ($17...

Radio frequency (RF) data provider Kleos Space is preparing to file for bankruptcy, announcing July 26 that it is unable to meet its financial obligations.  The company said in a...

Northrop Grumman’s Space Systems segment posted double-digit growth in the second quarter of 2023, leading the company in sales growth, while also taking a $36 million charge from the HALO...