Finance

CesiumAstro closed a $60 million Series B funding round, co-led by Airbus Ventures and Forever Ventures. The round, announced Wednesday, brings CesiumAstro’s total funding raised to nearly $90 million.  The...

The private equity firm AE Industrial Partners (AEI) on Thursday said it has agreed to acquire a “significant stake” in Firefly Aerospace, a deal that would add to its portfolio in the space...

Hughes Network Systems revenue grew 5% in 2021 to a record $1.96 million, despite a decrease in broadband subscribers. Hughes’ financials were released as part of parent company EchoStar Corporation’s...

Intelsat has emerged from a long Chapter 11 process as a private company. Its plan of reorganization, confirmed in court in December, reduced the company’s debt by more than half,...

SES saw profits increase for 2021, but overall revenue fell to 1.78 billion euros ($2.02 billion), 2.9% down compared to 2020. SES achieved a net profit of 323 million euros...

EchoStar Corporation has appointed Hamid Akhavan as the company’s next CEO and president. EchoStar announced Wednesday that Akhavan will succeed CEO and President Michael Dugan, who will be retiring at...

Maxar Technologies is making a strategic investment in Aurora Insight, a radio frequency (RF) data provider. Aurora announced the strategic investment on Wednesday but did not share the investment amount. ...

BlackSky reported $34.1 million in revenue for 2021 in its second-ever quarterly financials since going public through a special purpose acquisition company (SPAC) merger last year.  The $34.1 million in...

Via Satellite presents its annual Satellite Technology of the Year award to companies that develop and deploy the most impactful satellite-related products and services available to the market. Via Satellite measures that impact...

A revolution is taking place in the satellite industry, against the backdrop of the pandemic of the last two years that has heightened the need for universal connectivity. The satellite...