Finance

HAMBURG, GERMANY — Executives from the aviation and satellite industries at the Passenger Experience Conference in Hamburg agreed that airlines need to invest in enhancing the passenger experience, as airlines […]

Hyperspectral Earth-imaging technology startup Pixxel raised $36 million in its Series B funding round and added Google to its list of investors, the company announced Thursday. Some of Pixxel’s existing […]

Satellite startup Hubble Network recently announced a $20 million Series A funding round, along with its plans to launch a satellite constellation for Bluetooth device connectivity. Describing the company as “Starlink […]

Viasat closed its acquisition of Inmarsat late Tuesday, completing a merger of two of the largest satellite operators. The acquisition brings together 19 satellites in Ka-, L-, and S-bands, and […]

Redwire COO Andrew Rush, formerly of Made In Space, is joining space exploration company Copernicus Space Corporation as president and CEO.  Copernicus is developing miniaturized, semi-autonomous space probes to search […]

SatixFy Communications is making another change at the CEO level, as CEO Ido Gur will step down. The company’s former Chief Commercial Officer Nir Barkan is returning as acting CEO […]

Inmarsat CEO Rajeev Suri will step down from his role with the close of the Viasat acquisition, Inmarsat announced Friday. Suri has been nominated to serve on Viasat’s board of […]

Japanese space robotics startup GITAI has raised $30 million in a Series B extension round, the company announced May 25. GITAI is headquartered in Japan and has a U.S. subsidiary. […]

Viasat’s acquisition of Inmarsat is on its way to close after clearing a review by the European Commission. The transaction is expected to close by the end of this month, […]

Fleet Space Technologies has completed a successful Series C funding round, raising a further $50 million Australian dollars ($33.14 million), the company announced May 24. The new funding has been […]

Rocket Lab, Launcher, and Stratolaunch have won bids to purchase assets from Virgin Orbit, according to bankruptcy filings released Tuesday. The auction took place on May 22, and the sale […]

The Viasat and Inmarsat merger has secured another regulatory approval to move forward, this time from the FCC. The FCC issued an order on May 19 approving the transaction, stating […]

German space startup Reflex Aerospace has booked a slot on a SpaceX mission to launch its demonstration satellite in fall 2024. Reflex also expanded its seed funding round with a […]

Spire Global’s CFO Thomas Krywe plans to step down from the company in September, Spire disclosed in a Securities and Exchange Commission (SEC) filing on Wednesday.  The announcement comes as […]

Satellite cybersecurity company SpiderOak has received new investments from Accenture Ventures, Raytheon Technologies‘ RTX Ventures, and Stellar Ventures — beyond the company’s $16.4 million Series C round closed in January. The […]

Viasat reported record revenue in its 2023 fiscal year of $2.8 billion and $2.6 billion from continuing operations, an increase of 6% year-over-year, with a boost in aircraft in service […]

Terran Orbital recorded record revenue of $28 million in the first quarter of 2023 and a new 16-satellite deal, but the company is burning through cash quickly. The manufacturer announced […]

Spire Global reported a record $24.2 million in revenue in the first quarter of 2023, an increase of 34% year-over-year. New customer additions and increased adoption by existing customers drove […]

Rocket Lab increased revenue 35% in the first quarter of 2023, beating the upper end of its previous guidance for the quarter.  The launcher reported $54.9 million in revenue in […]

Telesat’s first quarter 2023 results did not offer much of an update on funding for the Lightspeed constellation, but discussions are continuing, CEO Dan Golderg said in a call with […]

Bulent Altan will step down as Mynaric’s co-CEO later this year, with Mustafa Veziroglu taking the helm of the company as its sole CEO. Mynaric said the decision announced Thursday […]

Hughes Network Systems says the Jupiter 3 satellite is set to ship to the launch site in June, and will launch in the first available window. The company gave the […]

Lockheed Martin announced May 4 its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer needs, […]

Globalstar reported record growth in the first quarter of 2023, and expects more growth to come this year, highlighting opportunities commercializing its Band 53 spectrum.  The operator released its first […]

Charlotta Sund will become the new CEO of Swedish Space Corporation (SSC), the company announced May. 4. Sund will start the role in the fall of this year, and succeeds […]

New geospatial satellite startup Nuview emerged from stealth mode on Thursday, with plans to build the first commercial LiDAR satellite constellation.  LiDAR — which stands for Light Detection and Ranging […]

SES grew revenue nearly 10% in the first quarter of 2023, with a boost from its DRS Global Enterprise Solutions acquisition and the stronger U.S. dollar.  The operator reported 490 […]

Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company […]

ABS has appointed Ramsey Khanfour as its new chief commercial officer (CCO), the company announced May 1. Prior to joining ABS, Ramsey was vice president of Sales and Business Development […]

Revenue at satellite technology company SatixFy fell by 50% in 2022, as supply chain challenges caused order delays and cancellations, the company said.  SatixFy reported its first full-year financial results […]