Finance

NanoAvionics, the highly touted, Lithuanian startup small satellite company is set to be acquired by Kongsberg Defence & Aerospace (Kongsberg) under a deal announced earlier this month. The acquisition could enable NanoAvionics...

Airbus is launching a new connectivity service business around its HAPS technology platform, Zephyr, led by former Intelsat CCO Samer Halawi. The new venture, HAPS Services Business, is a subsidiary...

Holly Johnson will lead manufacturer MDA’s Robotics and Space Operations (RSO) division on a permanent basis after taking on the role in an acting capacity earlier this year. MDA promoted...

Satellite operator Measat has made two new key executive appointments as it looks to build for the future. It has appointed Ganendra Selvaraj as its new Chief Commercial Officer and...

A new venture capital firm Stellar Ventures recently launched a fund with more than $23 million in capital commitments dedicated to investing in space technology. Celeste Ford, founder of aerospace...

Kleos Space’s U.K subsidiary is setting up operations at the Space Park Leicester research hub. Kleos plans for the new UK facility to provide access to a tech community, and...

L3Harris is making a strategic investment in Mynaric, investing 11.2 million euros ($11.4 million) in the business for a 7.2% share. L3Harris will acquire 409,294 new bearer shares of Mynaric...

In late April, Sky Perfect JSAT announced it is joining forces with Japanese telco NTT to form a new company called Space Compass that will launch an integrated space computing...

Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics at 65 million euros ($67 million). Kongsberg will acquire 77% of the...

The global space industry grew 4% in 2021, to $386 billion in revenue, the Satellite Industry Association (SIA) recently reported. SIA released the annual State of the Satellite Industry report...