Finance

Slingshot Aerospace, an analytics company, raised $5 million in new seed funding. The round was led by ATX Venture Partners with participation from new investor Revolution’s Rise of the Rest […]

Elon Musk’s Space Exploration Technologies Corp. is raising another $500 million in funding amid internal questions about the viability of an internet-via-satellite business considered key to the company’s growth. The […]

Scandinavian hybrid satellite router and broadband solution provider Forsway is expanding its operations in North America and opening a sales office in Dallas, Texas, the company announced April 11. Forsway […]

NSR’s Wireless Backhaul and 5G via Satellite 13th Edition report forecasts over $32 billion in revenue by 2028, with 5G supporting a third of the overall satellite backhaul market. According […]

Intelsat confirmed that it is experiencing a service outage on its Intelsat 29e satellite. The operator said the satellite’s propulsion system was damaged late on Sunday, April 7. The damage caused […]

The space robotics market is predicted to hike from $2 billion in 2018 to around $3.5 billion by 2025, according to a 2019 Global Market Insights report. According to the […]

Viasat is opening a new headquarters in Montes Urales, Mexico, located in the northwest part of Mexico City. The new facility will provide the satellite operator with a base to […]

Eutelsat Communications is set to become a partner of Seraphim Space Camp, the U.K.’s first accelerator for space technology start-ups. Launched by Seraphim Capital, Seraphim Space Camp was created a year […]

Singapore Technologies Engineering (ST Engineering) revealed that its subsidiary, Singapore Technologies Engineering (Europe), entered into a conditional share purchase agreement to acquire a 100 percent ownership in Newtec. The consideration of […]

A consortium comprised of U.S. U.K., and Canada-based private equity companies agreed to buy Inmarsat for $3.4 billion. The consortium, made up of Apax Partners, Warburg Pincus International, and Canada Pension […]

Tarana Wireless secured $60 million of financing with Khosla Ventures and EchoStar, as a follow-on to financing of $28 million led by 1010 Holdings, the family offices of Greg Wyler. […]

Another set of companies has submitted a proposal in an attempt to acquire Inmarsat. It was confirmed late last night that Inmarsat has received a non-binding proposal from Apax Partners, […]

Firefly Aerospace entered into a Memorandum of Understanding (MOU) with Airbus Defense and Space to develop new space launch solutions for Airbus customers. “Firefly is pleased to enter into an MOU with […]

OneWeb successfully raised $1.25 billion in new capital in its largest funding round to date. This brings the total funds raised to $3.4 billion. This round was led by SoftBank Group, […]

According to the Sports Video Group (SVP), NovelSat is now a Sports Video Group corporate sponsor. NovelSat offers its NovelSat NS4 satellite transmission software package, which is available in all NovelSat […]

The community served by Via Satellite has a history of innovation, with decades of proven performance in delivering capabilities from space. Businesses and individual consumers now leverage space solutions that […]

Eutelsat Communications appointed Julie Burguburu as Company Secretary of the Group and a member of the Executive Committee, effective tomorrow. Burguburu will oversee Eutelsat’s legal, compliance, regulatory and governance issues by heading […]

CesiumAstro closed a $12.4 million Series A funding round led by Airbus Ventures. Additional investors in the round include Kleiner Perkins, Franklin Templeton Venture Fund, Lavrock Ventures, Honeywell Ventures, and Analog Devices […]

A majority of analysts and stakeholders logged off of Iridium’s March 7 Investor Day webcast with smiles after the Virginia-based satellite operator revised its full-year 2019 service revenue and EBITDA […]

Mitt Hettich has been named the Chief Executive Officer (CEO) of LeoStella, a joint venture created by Thales Alenia Space and Spaceflight Industries.  The company aims to help meet the growing […]

Inmarsat’s full year 2018 financial results included a remarkable Aviation segment surge to over $256 million for the 12 months to the end of December, a nearly 41 percent increase […]

Speedcast International will donate funds to support Télécoms Sans Frontières (TSF), the world’s first emergency technology Non-Governmental Organization (NGO). TSF responds to humanitarian needs around the world by leveraging telecommunications technologies. […]

DataPath appointed Henrik Asbjørn to the position of DataPath Senior Director and Head of Sales, Europe. Asbjørn will be responsible for sales and customer development for the company’s satellite and wireless communications products and […]

When SES released its latest results last week, it contained few surprises. The Networks business continued to perform well, but Video remains a struggle for the operator. However, an important question […]

Maxar Technologies had a rough Fourth Quarter (Q4) 2018, yet is keeping its SSLGeostationary Orbit (GEO) business afloat. The company’s Q4 2018 revenue was $496 million, whereas revenue for the same […]

Telesat released its financial results for 2018, in which it saw similar results to other satellite operators. For for the full year 2018, the company saw exceptional free cash flow. […]

Inmarsat is partnering with Knight Piésold U.K. to deliver tailings dam monitoring, analysis, and real-time management capabilities for the mining industry. The collaboration agreement with Knight Piésold UK — a member of […]

Global law firm Milbank, Tweed, Hadley & McCloy LLP revealed its new branding and legal name, Milbank LLP. This change coincides with the move of Milbank’s headquarters from Wall Street […]

Newtec is collaborating with Wind River to utilize the Wind River Titanium Cloud virtualization platform. This collaboration aims to develop a Newtec 5G solution based on the Newtec Dialog multiservice platform. […]

UK company Sky and Space Global has received signed binding commitments for raising $12 million in a two-tranche share placement to investors as part of its $15 million fundraising effort. The […]