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Finance

Eutelsat Logs $560M Impairment on GEO Assets in First Half of 2024-25

By Mark Holmes, Rachel Jewett | February 14, 2025

Eutelsat’s total revenue grew by nearly 6% in the first half of its 2024-25 fiscal year with growth in Connectivity, but the operator also took a 535 million euro ($560...

Finance

ETL Systems Acquires IRT Technologies, Continuing to Expand Satcom Portfolio

By Julia Kim | February 14, 2025

ETL Systems acquired IRT Technologies, a Canadian company specializing in satellite communication products, ETL Systems announced Feb. 14. IRT Technologies has over 14 years of experience in the satellite communications...

K2 Space engineers prepare a high-power satellite for testing at the company's recently opened Torrance manufacturing facility, where the team will scale production following its $110M Series B raise. Photo: K2 Space

Finance

K2 Space Raises $110M in Series B Funding

By Julia Kim | February 14, 2025

K2 Space announced a $110 million Series B funding round to scale up production of its multi-orbit, high-power satellite platform on Feb. 13. The funding round was co-led by Lightspeed...

Firefly Aerospace Alpha launch vehicle on the pad. Photo: Firefly Aerospace

Government/Military

Space Force Contracts Firefly Aerospace for $22M Tactically Responsive VICTUS SOL Mission

By Rachel Jewett | February 14, 2025

Firefly Aerospace will support another U.S. Space Force Tactically Responsive Space (TacRS) mission under a new Space Force contract valued at $21.81 million. The Space Force awarded Firefly Aerospace a...

Finance

Blue Origin Lays Off 10% of its Workforce

By Rachel Jewett | February 13, 2025

Blue Origin laid off 10% of its workforce on Thursday as the launcher shifts from R&D into scaling manufacturing for its launch business. The company is eliminating some positions in...

Sirijap, Pangong Tso, Ladakh. Photo: BlackSky

Imagery and Sensing

BlackSky Wins Contracts to Enhance India’s Earth Observation Capabilities

By Julia Kim | February 13, 2025

BlackSky Technology secured multi-year contracts to support the development of India’s commercial Earth observation capabilities, the company announced Feb. 13. The unnamed customer will have access to a BlackSky Spectra...

Connectivity

Myriota Expands IoT Constellation with Four New Satellites

By Julia Kim | February 13, 2025

Myriota added four new Low-Earth Orbit (LEO) nanosatellites to its global Internet of Things (IoT) constellation through its partnership with Spire, Myriota announced Feb. 13. SpaceX launched the satellites on...

Eutelsat's headquarters in Paris. Photo: Eutelsat

Connectivity

ATSS Signs New Capacity Deal with Eutelsat

By Mark Holmes | February 13, 2025

Eutelsat has signed a new capacity deal in the Middle East. Saudi Arabia’s Advanced Telecommunications Solutions and Services (ATSS) has renewed its satellite capacity agreement with Eutelsat on the EUTELSAT...

Imagery and Sensing

SatVu Adds Thermal Image Archive to Global Data Marketplace

By Mark Holmes | February 12, 2025

SatVu is looking to reach the U.S. government market by offering its archive of high-resolution HotSat-1 imagery to U.S. government agencies through the Global Data Marketplace (GDM). This program streamlines...

Finance

Gilat Projects 42% Revenue Increase at the Midpoint for 2025

By Julia Kim | February 12, 2025

Gilat Satellite Networks anticipates strong revenue growth in the coming year, projecting its revenue growth for 2025 between 36% and 49%. Gilat released its full-year 2024 financial results on Feb....