Finance

Iridium Communications increased revenue by 4% in the second quarter of 2024 compared to the previous year with higher commercial revenue and higher government engineering revenue. The satellite operator reported...

The founders of smallsat launcher Astra Space completed a deal to take the company private on July 18. Astra Space was one of the companies to go public in the...

KBR, a provider of science, technology and engineering solutions to governments and companies is acquiring LinQuest, a national security space systems and technology solutions company. KBR announced the $737 million...

Booz Allen Ventures invested in Quindar, an early-stage startup focused on automating satellite operations.  Quindar has built a virtualized platform that the company says improves the ability to command cooperative...

A group of Spanish banks have backed PLD Space with a 31.2 million euro ($34 million) loan to fund the company’s Miura 5 space launch program. Banco Santander and EBN...

Edge computing startup Armada has raised $40 million in a funding round led by M12, Microsoft‘s venture fund. Armada also announced a separate agreement with Microsoft where its products are...

European venture capital firm Alpine Space Ventures closed its first fund with 170 million euros ($185 million) in capital to target space startups.  The fund is targeting Series A funding...

Italian space logistics company D-Orbit is expanding to the U.S., establishing D-Orbit USA. D-Orbit announced the company on Wednesday, a  joint venture led by CEO Mike Cassidy, along with Mark...

Defense tech private equity firm AE Industrial Partners has closed its third flagship private equity firm with $1.28 billion in capital commitments. AE Industrial Partners announced the fund, Fund III,...

Planet Labs is going through another round of layoffs and will lay off approximately 180 employees, about 17% of its workforce. The company disclosed the layoffs in filings to the...