Finance

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk...

Just before the end of the year, Electro Optic Systems (EOS) announced a new company called SpaceLink to establish a data relay satellite service. The venture is led by David...

Skylo, an Indian Internet of Things (IoT) network provider, revealed Tuesday that Angira Agrawal was hired as Chief Operationg Officer (COO). Agrawal will oversee all operations and customer-facing activities throughout...

UltiSat revealed Monday that the company has made several new senior leadership appointments and reorganized around four primary lines of business – Managed Network Services, Airborne Intelligence, Surveillance, and Reconnaissance...

Comtech Telecommunications has extended the term of its acquisition agreement for UHP Networks until Feb. 28, 2021, Comtech announced Dec. 30.  Comtech’s intent to acquire UHP was first announced in...

Hanwha Systems (HSC), a South Korean defense technology company, has agreed to invest $30 million in Kymeta Corporation, the companies announced Dec. 28. After regulatory approval, Hanwha Systems will also...

Voyager Space Holdings plans to acquire a majority stake in Nanoracks through Nanoracks parent company XO Markets, the companies announced Dec. 23. Financial terms of the deal were not disclosed,...

Raytheon Technologies completed its acquisition of Blue Canyon Technologies (BCT), the companies announced Monday. Raytheon initially agreed to acquire BCT in November. BCT now reports into Raytheon Intelligence and Space,...

The year 2020 was eventful for the satellite industry in many ways. From the FCC‘s final C-band spectrum clearing offer, to the Intelsat and OneWeb bankruptcies (and OneWeb’s sale), and...

Viasat has agreed to acquire RigNet, the operator announced Monday, a move that will make Viasat a vertically-integrated player in the energy sector. The all-stock transaction gives RigNet, which provides...