Hughes Network Systems saw a 3.8% revenue increase in the first quarter of 2021, despite a dip in subscribers. During quarterly reports for parent company EchoStar Corporation, Hughes also provided an update that the Jupiter 3 satellite launch is still on track for launch in the second half of 2022.  For the first quarter, EchoStar…

More than a year ago, Spire Global CEO Peter Platzer began working on a plan to get the company ready to go public. As Spire’s constellation of just over 100 Radio Frequency (RF) data collecting satellites is fully deployed, Platzer’s rationale wasn’t based on CapEx, but to grow trust with customers and ramp up sales. …

SES is launching a 100 million euro ($120.5 million) share buyback program after turning in what it viewed as a stronger-than-expected performance in the first fiscal quarter of 2021. The operator's biggest wins for the quarter were: a 42% year-over-year increase in adjusted net profits to 75 million euros ($90.3 million); a 7% reduction in…

Smallsat launcher in development Firefly Aerospace has closed an oversubscribed $75 million Series A funding round, which values the company at more than $1 billion. The funding round, announced May 4, was led by DADA Holdings, with participation by Astera Institute, Canon Ball LLC, Reuben Brothers Limited, SMS Capital Investment LLC, Raven One Ventures, The…