Finance

Swedish company Ovzon is targeting launch of its Ovzon 3 satellite between December 2022 and February 2023, the company said in its second quarter financial report on Aug. 18.   Delayed...

Mynaric has hired former SA Photonics exec Mustafa Veziroglu as president and a member of its management board. Veziroglu will oversee development, qualification, and serial production of Mynaric’s laser communications...

Virgin Orbit reported just $5,000 in revenue for the second quarter of 2022, as the company’s most recent launch on July 5 fell on the first day of the third...

Breeze Holdings, a publicly traded special purpose acquisition company (SPAC), and D-Orbit, the Italian space logistics company, have canceled their planned merger due to a change in the financial markets....

Anuvu announced a deal on Aug. 11 to acquire Signal Mountain, which provides satcom services to the U.S. government. Anuvu said this acquisition will expand its existing government business. Financial...

Rocket Lab grew revenue nearly 400% in the second quarter of 2022 compared to the same time period last year. The company reported record revenue of $55.5 million, representing 36%...

Gilat Satellite Networks saw a small revenue increase in the three months to the end of June compared to the same stage last year. This was one of the highlights...

Spire Global reported large growth in the second quarter of 2022, as revenue increased 113% year-over-year to $19.4 million. This topped the high end of the company’s guidance of $19.2...

Yahsat has seen strong increases in revenues and profits so far in 2022. Yahsat released its latest results on August 9, reporting in the six months to the end of...

Comtech Telecommunications appointed Chairman Ken Peterman its new president and CEO, succeeding Michael Porcelain, effective immediately. The company announced the change on Aug. 10, less than seven months after Porcelain...