Finance
May 10, 2024
MDA Space posted modest revenue growth of 3.6% year-over-year in the first quarter of 2024, and a 169% year-over-year increase in backlog. The company reported $209 million Canadian dollars ($153 million) in revenue on May 9, citing strong contributions from its Robotics & Space Operations business. Revenue in the Robotics & Space Operations increased 12%…
May 10, 2024
Revenue for Canadian satellite operator Telesat dipped 17% in the first quarter of 2024 compared to the same time last year. Telesat reported $152 million Canadian dollars ($111 million) in revenue in the first quarter of 2024. The revenue decline was due to reduction of services and lower renewal rate on a direct-to-home capacity deal.…
May 9, 2024
SpaceX’s Starlink business is on track to hit $6.6 billion in revenue and post its first free cash flow positive year in 2024, Quilty Space estimates in a new report on the impact of the satellite constellation. Quilty Space conducted an in-depth analysis into Starlink financials, which are not publicly reported. The report is not…
May 9, 2024
Globalstar reported $56.5 million of revenue in the first quarter of 2024, a $500,000 increase from the same time last year. In its May 8 financial report, the company reported continued growth in commercial IoT, and a new satellite proof-of-concept for a government services company. Globalstar noted that there was a nonrecurring revenue item in…