Skylo has emerged from stealth mode with $116 million in total funding. The new Series B round raised $103 million, led by SoftBank Group and joined by all existing investors. The company had previously raised $13 million in a Series A round that was co-led by DCM and Innovation Endeavors, and joined by Moore Strategic…

Eutelsat Communications has requested that Moody’s Investors Service withdraw all of its ratings on the company. According to Eutelsat, the decision was made in the context of ongoing cost rationalization. The European satellite operator said in a statement that its financial policy remains unchanged with a confirmed commitment to investment grade and an objective of…

Virgin Galactic Holdings has appointed Enrico Palermo, the current president of The Spaceship Company (TSC) as its first COO, the company announced Wednesday. Palermo will be responsible for helping maintain efficiency and performance across the enterprise as it develops as a public company, and will lead the execution of specific company strategies and initiatives. The…

Gogo has signed an agreement with Hispasat for capacity on Amazonas Nexus satellite in order to meet the growing demand for high-speed in-flight connectivity services. Gogo, a provider of in-flight Internet, has leased multi-gigahertz of Ku-band capacity onboard Hispasat's new satellite, which is set to launch in the second half of 2022. The capacity will…