Finance

Skylo has raised $30 million in an oversubscribed funding round, funding that CEO Parthsarathi Trivedi tells Via Satellite the company plans to invest in market expansion to grow its position […]

SES reported full year 2024 revenue of 2 billion euros ($2.1 billion) at the top end of its financial outlook, along with an increase in adjusted EBITDA that exceeded its […]

Startup Kapta Space emerged from stealth mode on Friday with plans to develop advanced spaceborne electronically-steered, radar-based imaging technology.  Milton Perque, formerly of Echodyne, and Adam Bily, formerly of Apple […]

Airbus logged another 300 million euros ($310 million) in charges on its Space programs in the fourth quarter 2024 after completing an in-depth technical review of its Space segment. In […]

Moody’s Ratings changed its outlook on satellite operator SES from “stable” to “negative” on Tuesday, citing increased competition in the satellite industry putting pressure on prices.  Moody’s explained its rationale […]

Eutelsat’s total revenue grew by nearly 6% in the first half of its 2024-25 fiscal year with growth in Connectivity, but the operator also took a 535 million euro ($560 […]

ETL Systems acquired IRT Technologies, a Canadian company specializing in satellite communication products, ETL Systems announced Feb. 14. IRT Technologies has over 14 years of experience in the satellite communications […]

K2 Space announced a $110 million Series B funding round to scale up production of its multi-orbit, high-power satellite platform on Feb. 13. The funding round was co-led by Lightspeed […]

Blue Origin laid off 10% of its workforce on Thursday as the launcher shifts from R&D into scaling manufacturing for its launch business.  The company is eliminating some positions in […]

Iridium reported modest revenue growth of 5% year-over-year in 2024, reaffirming its plan to reach $1 billion in service revenue in 2030. CEO Matt Desch also provided an update on […]

Gilat Satellite Networks anticipates strong revenue growth in the coming year, projecting its revenue growth for 2025 between 36% and 49%. Gilat released its full-year 2024 financial results on Feb. […]

Spire Global has filed a complaint in court against Kpler for not closing on the purchase of Spire’s maritime business.  Spire announced the deal with data and analytics platform Kpler […]

Oso Semiconductor closed a $5.2 million seed funding round to fund development of phased array chipsets for satellite communications, 5G, and radar systems, the company announced Feb. 12. Founded in […]

Viasat’s Aviation business grew revenue, backlog, and aircraft in service in the third quarter, while company leadership targets a return to growth for its declining Maritime segment in fiscal year […]

Urban Sky closed a $30 million Series B investment round to develop and commercialize a suite of products that leverage the stratosphere for military and commercial applications, the company announced […]

ArkEdge Space, a Japanese space start-up, raised 8 billion yen ($51.58 million) in a Series B funding round. ArkEdge Space has been developing a standard multiple-purpose bus system for 6U […]

Indra Group, a Spanish technology and defense company, has agreed to acquire an 89.68% stake in satellite operator Hispasat from Redeia, a Spanish infrastructure corporation, for 725 million euros ($747 […]

L3Harris Technologies on Thursday reported a substantial increase in net income in the fourth quarter driven in large part by a charge a year ago in a business that it is […]

Northrop Grumman ended its streak of growth in the Space Systems segment in 2024. Sales were down 1% year-over-year, in line with expectations from leadership. Despite the dip in sales, […]

SES has secured a 125 million euro ($130 million) loan agreement with the European Investment Bank’s global arm, EIB Global to fund three satellites in the O3b mPOWER constellation.  SES […]

Lockheed Martin reported a slight dip in sales in its Space segment in 2024, with lower sales on national security space programs. Company-wide, Lockheed Martin posted a 5% increase in […]

Boeing took $1.7 billion in charges in its Defense, Space & Security (BDS) segment in the fourth quarter of 2024 between multiple military aircraft programs and the Commercial Crew program […]

Investment and consulting firm Space Capital reports that investment in space companies hit $26 billion in 2024, an increase of 30% year-over-year. The firm recently released its fourth quarter Space […]

SpaceX‘s Starlink business grew across consumer subscribers, government contracts, and in mobility markets like maritime and aviation, and more than doubled Starlink revenue in 2024 compared to 2023, according to […]

Space infrastructure company Redwire Corp. on Monday said it has agreed to acquire Edge Autonomy in a $925 million deal that would take it into new territory, autonomous unmanned aircraft systems (UAS) […]

Stoke Space raised $260 million in new Series C investment to accelerate development of its reusable medium-lift rocket. This funding doubles Stoke’s total funding to $480 million, the company announced […]

Loft Orbital raised $170 million in a Series C round, the company announced on Tuesday, along with plans to scale operations incorporating inter-satellite links and more AI onboard its satellites.  […]

Less than three months after naming a new CEO, Comtech Telecommunications is going through another leadership shakeup. The company’s board named Ken Traub as president and CEO on Jan. 13, […]

After filing for bankruptcy this week, Ligado Networks sued Inmarsat Global, alleging breach of contract over a spectrum agreement between the companies. Ligado announced the suit on Jan. 7, which […]

Gilat Satellite Networks (Gilat) has completed the acquisition of Stellar Blu Solutions (Stellar Blu), a U.S.-based provider of satellite communications terminals in a bid to strengthen its position in the […]