Finance

On the same day that SES delivered its 2019 financial results in which revenue was below expectations, the company also announced it is considering separating its Networks business.  The company […]

PredaSAR Corporation, a Synthetic Aperture Radar (SAR) company, has completed a $25 million seed financing round, led by Miami-based investor, Rokk3r Fuel. PredaSAR also named retired U.S. Air Force Maj. […]

Relativity Space is now moving to a huge new facility in California as it looks to continue its growth. The company announced Friday that it has secured a new headquarters […]

Telesat released its financial results for the three-month and one-year periods that ended Dec. 31, 2019. For 2019, the Canadian satellite operator reported consolidated revenue of $911 million, which was […]

Kratos Defense & Security Solutions reported its Fourth Quarter (Q4) 2019, reporting $185.1 million in revenue, a 12.6% increase over Q4 2018. The company reported Q4 2019 net income of […]

Iridium released its financial results for the Fourth Quarter (Q4) of 2019 on Tuesday, reporting a Q4 net loss of $107.9 million, but also Q4 total revenue of $138.9 million, […]

SpaceX’s roadmap to Mars now includes the Port of Los Angeles. The Los Angeles City Council approved a permit Tuesday that allows the Elon Musk-led company to use a site […]

U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at […]

A group of telecommunications, technology, aviation, and aerospace companies including Airbus Defence and Space and Softbank Corp., announced a partnership on Friday called the HAPS Alliance, to promote the use […]

In January, CBPE Capital announced that it had invested in satellite technology vendor ETL Systems, and is open to making further investments in the satellite arena. Jolyon Latimer a CBPE […]

Tarana Wireless Inc. announced on Thursday that in January, it received $24 million of follow-on preferred equity with commitments for $36 million of additional preferred equity through October 2020, fully […]

In its financial results released Thursday for the Fourth Quarter (Q4) that ended on Dec. 31, 2019, Echostar reported $499 million in revenue. This was an increase of about $45 […]

The day before Intelsat reported full-year 2019 results that surpassed analysts’ projections, the operator sparked a feud with rival operator SES over an ex parte filing with the FCC requesting adjustments […]

Last week, Spaceflight Industries — made up of launch service provider Spaceflight, and geospatial intelligence business BlackSky — announced a deal to sell Spaceflight to Japanese company Mitsui & Co., […]

Mitsubishi Electric Corporation has completed a new satellite production facility at the company’s Kamakura Works in Kamakura, Japan. Between this facility and existing facilities, Mitsubishi Electric’s plans to increase annual […]

DISH Network Corporation reported its Fourth Quarter (Q4) 2019 revenue totaled $3.24 billion, a decrease of 2.1% from the $3.31 billion in revenue for 2018 Q4. Net income attributable to […]

Blue Origin opened its rocket engine production facility in Huntsville, Alabama on Monday. The company plans for this 350,000 square-foot engine manufacturing facility to conduct high rate production of the […]

Eutelsat released its financial results for the first half of its 2019/20 Fiscal Year (FY), and First Half revenues of its verticals were down 4.9% like-for-like compared to 2018. The […]

Astranis has finished a $90 million financing round led by Venrock, with significant participation from existing investor Andreessen Horowitz. The company said it is building the first of its kind […]

Spaceflight Industries is selling its satellite rideshare launch business Spaceflight to Mitsui & Co., in partnership with Yamasa Co. Spaceflight Industries plans to leverage the capital from this agreement to […]

The SES Board of Directors has appointed Sandeep Jalan as CFO, effective on May 6. Sandeep succeeds Andrew Browne who stepped down in October 2019. He was most recently the […]

NewSpace Networks, an aerospace software and investment company is working to raise $200 million to transform the industry from hardware-focused to software-centric. The company plans to do this through a […]

Last week was potentially a pivotal week for the U.S. satellite industry in regards to the future of C-band. FCC Commissioner Aji Pai proposed accelerated relocation payments for satellite operators that […]

A judge for the U.S. District Court for the Southern District of New York refused a request to block T-Mobile’s proposed acquisition of Sprint. In the ruling, Judge Victor Marrero […]

The first U.S. Space Force budget request allocates two-thirds of its proposed funding to research-and-development efforts in recognition of Pentagon priorities to build resilient architectures and new capabilities to challenge […]

Viasat posted 2019 Third Quarter (3Q) sales of $588.2 million, a 6% jump from the same time period last year, according to the company’s 3Q financial results issued Feb. 6. […]

Mark Rigolle, the former CEO of O3b Networks and LeoSat Enterprises, announced his new position as CEO of KLEO Connect GmbH – another global entrant into the Low-Earth Orbit (LEO) […]

While speaking at a JPMorgan Chase investor conference, SpaceX COO and President Gwynne Shotwell told reporters that the U.S. launch company plans to spin off its Starlink constellation business and […]

FCC Chairman Ajit Pai has proposed accelerated relocation payments for satellite operators that could total up to $9.7 billion as incentive to quickly clear part of the C-band spectrum for […]

Intelsat has reportedly hired law firm Kirkland & Ellis to consider a possible Chapter 11 bankruptcy if U.S. regulators don’t increase the company’s compensation for C-band spectrum, Bloomberg Law reports. […]