Finance

All.Space raised $44 million to fund the commercial launch of the company’s first satellite terminal. All.Space announced the round on Thursday, led by Boka Group, with additional participation from AE Ventures, Seraphim Space, Promus Ventures, and others.  All.Space’s core technology is a multi-orbit, multi-beam satellite terminal that allows end users to connect with multiple satellites in...

Space42 has made its debut on the on the Abu Dhabi Securities Exchange (ADX) after completing the merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite solutions provider. The combined company comprises two business units: Yahsat Space Services and Bayanat Smart Solutions. Space42 announced this milestone on Oct. 1. Space42...

Impulse Space announced a $150 million Series B funding round on Tuesday to support the production of the company’s Helios and Mira vehicles. Impulse Space is led by Tom Mueller, who was a founding member of SpaceX and designed the Merlin engine.  The company has attracted the attention of multiple investors. Founders Fund led the...

Alison Perez, a venture capitalist, is always on the hunt for the next transformational technology solution. And lately, it’s the solutions that address sustainability in space that are piquing the interest of Perez and her colleagues at Lockheed Martin Ventures, the VC arm of Lockheed Martin. Case in point: Lockheed Martin Ventures’ participation in a...

DirecTV is acquiring EchoStar‘s video distribution business, including Dish TV and Sling TV. EchoStar said this move refocuses the company’s portfolio on wireless and satellite connectivity markets.  The deal brings together the two main satellite TV providers in North America, DirecTV and Dish TV, which both face declining subscriber numbers. According to an investor presentation,...

Gogo is acquiring Satcom Direct in a bid to improve its offering for the business aviation and government/military mobility markets. Gogo announced the $375 million deal on Monday. On top of the purchase price, the deal includes up to $225 million in additional milestone payments.  Gogo highlighted each company’s focus on the business aviation market. ...

SES has announced details of a new dividend payment to shareholders. The SES Board of Directors has approved the payment of an interim dividend of 0.25 euros ($0.28) per A-share (0.1 euros per B-share) to be paid to shareholders in October, in line with the announcement made in February 2024 and SES’s commitment to shareholder...

Spanish satellite IoT startup Sateliot has raised a 30 million euro ($33 million) Series B funding round, led by Global Portfolio Investments. This deal makes Global Portfolio Investments, a Spanish investment group, one of the company’s main shareholders.  Sateliot plans to use the capital to build-out its constellation of 100 IoT satellites that operate under...

Two former Comtech CEOs — Fred Kornberg and Michael Porcelain — released a letter to shareholders on Monday arguing for a slate of eight new board members, and a strategic review for the company’s 911 business, among other changes.  Kornberg is the former longtime CEO of Comtech who led the company from 1976 to 2022.  Porcelain...

Iridium Communications is launching a $500 million share buyback — the fourth stock repurchase in the past four years. Iridium’s board of directors authorized the share buyback on Sept. 19 and it is the largest-ever share buyback.  The share repurchase timeline extends through December 31, 2027. After completing the Iridium NEXT satellite constellation refresh, Iridium...