It is not easy to build a successful Low-Earth Orbit (LEO) satellite constellation. Aside from the technical and regulatory challenges, there are many business and financing issues as well. These issues have already caused LeoSat to fold, sent OneWeb into Chapter 11 and kept Telesat in announcement mode for over three years now. Let’s dig…

Relativity Space has closed a $500 million Series D round, the company announced Monday. This capital will accelerate Relativity’s long-term plans for a multi-planetary future beyond the first launch of its 3D printed rocket in 2021, Tim Ellis told Via Satellite.  “The new funding round comes at a time when we're looking to accelerate our…

Speedcast is selling its Inmarsat maritime reseller business to Inmarsat for $13.6 million, the companies announced Monday. This includes Fleet Xpress, FleetBroadband, and FleetOne, all Inmarsat managed services that Speedcast was reselling to customers in the commercial maritime business segment. This agreement covers both Speedcast’s L-band maritime contracts which use Inmarsat connectivity, and the full Inmarsat…

Kleos Space raised an additional $13.8 million (11.7 million euros) in funding, the company revealed last Wednesday. The money was raised from existing and new investors, and the round was managed by Bell Potter Securities and Evolution Capital Advisors. This news follows the launch of the Kleos Scouting Mission (KSM1) satellites aboard India’s Polar Satellite…