Virgin Orbit laid off about 85% of its workforce, approximately 675 employees, after it was unable to secure funding.  The smallsat launcher disclosed the layoffs in filings to the Securities and Exchange Commission (SEC) on March 31. Virgin Orbit said layoffs affect all areas of the company and will be complete by April 3.  The…

Planet increased revenue by 46% year-over-year in its 2023 fiscal year that ended January 31, 2023. The Earth observation (EO) company also announced Wednesday it is acquiring Sinergise, a developer platform for EO data. Full year revenue was a record $191.3 million.  Revenue is exactly in line with what Planet projected when the company first…

Telesat leadership did not have an update on financing for the Lightspeed constellation in its full year financial results, but confirmed the company is optimistic and confident the project will go ahead, answering a gauntlet of questions on the company’s investor call on Wednesday.  Telesat is still in discussions with various parties to cover the…

SES confirmed the operator is in talks for a potential combination with fellow operator Intelsat. SES issued a statement Wednesday morning after Bloomberg reported the satellite companies are nearing a deal.  “In response to rumors in the market, SES S.A. confirms that the company has engaged in discussions regarding a possible combination with Intelsat. At…