Finance

Satellite operator Viasat announced Thursday that it opened its new International Business Headquarters in London following its acquisition of UK-based Inmarsat last year. The Viasat London office will be the home for the company’s integrated teams with a strong focus on technology innovation and scaling execution to support its UK and global customers across maritime,...

Blackswan Space has secured $800k in pre-seed funding round. The company, based out of Vilnius, Lithuania, is looking to develop software products for complex space & defense missions. The funding round was led by ScaleWolf, a hybrid accelerator and fund for defense tech with participation from Linas Sargautis, co-founder of NanoAvionics, Lemonade Stand, Baltic Sandbox...

Euroconsult and SpaceTec Partners are merging to create a new company, Novaspace. The two companies that have a combined 60 years of experience in covering the space sector will aim to create a strong combined company in the areas of market intelligence, consulting, events. The two companies announced the merger, April 5. Novaspace has 10...

Bright Ascension has closed a 2.3 million pound ($2.8 million) investment round through a convertible loan from Scottish Enterprise, Capital for Colleagues (C4C) and other investors in the company. The funds include 1.5 million pounds ($1.89 million) previously secured in October 2023 as a bridging loan from C4C, alongside Bill Ainscough, and TJ Morris Limited,...

Iridium completed its acquisition of long-time partner Satelles and integrated the company’s Satellite Time and Location (STL) service. Iridium announced the completion of the company’s first-ever acquisition on April 2. Iridium first announced the acquisition in March.  Satelles’ service, now referred to as Iridium STL, secures GPS and other GNSS-reliant systems from spoofing and jamming,...

HawkEye 360 has secured $40 million in debt financing from Silicon Valley Bank (SVB), the satellite data company announced Tuesday. HawkEye said it plans to use the funds to improve its technological infrastructure and continue the buildout of its satellite constellation.  HawkEye 360 operates a constellation of radio frequency (RF) monitoring satellites and sells geospatial...

Terran Orbital grew revenue in 2023 by 44% compared to 2022, but the company posted a net loss larger than its revenue. Terran Orbital issued its full year results on Monday as it is going through a “strategic review” after receiving a takeover offer from Lockheed Martin.  Separately, the company regained compliance with the minimum...

Planet Labs increased revenue by 15% year-over-year in fiscal year 2024 to $220.7 million. The satellite imagery and analytics company reported financials for the 2024 fiscal year that ended Jan. 31 on March 28, along with changes to its executive team.   Revenue was in line with the high end of the guidance Planet provided last...

Telesat is seeing a decline in revenue in its Geostationary Orbit (GEO) business in broadcasting with the increase in cord-cutting, and enterprise competition from SpaceX’s Starlink constellation. Yet Telesat is bullish on its own Low-Earth Orbit (LEO) constellation Lightspeed, and CEO Dan Goldberg told investors on Thursday that the operator is in conversation with the...

Boeing President and CEO Dave Calhoun said on Monday that he will step down at the end of 2024, initiating a leadership transition as the aerospace and defense giant continues to grapple with safety lapses that have plagued its 737 MAX commercial aircraft. The search for Calhoun’s successor will be led by Steve Mollenkopf, who...