Finance

Rocket Lab grew revenue 16% in 2023 year-over-year, and the company announced its fourth quarter financials on Feb. 27, along with an official lineup of its family of spacecraft buses. Rocket Lab reported $244.6 million in revenue in 2023.  Space Systems contributed $172.7 million in revenue — up 15% year-over-year. Space Systems is about 71% of...

Unseenlabs, a France-based detection and geolocation company that specializes in maritime surveillance, closed on its latest financing round of 85 million euros ($92 million), the company announced Tuesday. New investors Supernova Invest, ISALT, and UNEXO led the funding round. The company provides maritime surveillance from space with its constellation of satellites dedicated to detecting radio...

Singer, songwriter, actress, and MIT and Harvard graduate, Bridgit Mendler is now CEO of a new satellite ground tech startup Northwood. Mendler, who is known for her role as Teddy on “Good Luck Charlie,” announced on X Monday morning that Northwood secured a $6.3 million seed led by Founders Fund and Andreessen Horowitz with participation...

  Earth observation and geospatial technology company Nuview, acquired software service platform Astræa Tuesday. Nuview plans to use Astræa’s AI-driven distribution and analysis tools to develop a high-throughput Earth observation data channel to distribute data to Nuview’s partners and customers. Financial terms of the acquisition were not disclosed. Nuview is building a satellite constellation to...

The failed debut launch of Virgin Orbit from British soil in January of last year was a bitter start to the U.K.’s spaceflight ambitions. It was also the beginning of a bitter year for the space sector in the western world. In a sense, Virgin Orbit, which filed for bankruptcy three months after the British...

Eutelsat Group is seeing encouraging signs in its mobility business, but video revenues continue to decline. These are two of the highlights of the operator’s latest results, announced Feb. 16. Overall revenues remained largely flat. In the six months to the end of December 2023, the operator generated revenues of 572.6 million euros ($615.4 million),...

Iridium Communications continued its multi-year growth streak in 2023, reporting record revenue for the year of $790.7 million, up 10% from the year-ago period. The satellite operator reported full year financial results on Feb. 15.  Total revenue included $584.5 million of service revenue and $206.2 million of revenue related to equipment sales and engineering and...

BAE Systems in the coming days will close its $5.6 billion acquisition of Ball Aerospace after receiving all required regulatory approvals, the company said on Wednesday morning. Ball Aerospace will operate within BAE Systems, Inc., the U.S. business of Britain’s BAE Systems, and will report as a new sector called Space & Mission Systems. Dave Kaufman,...

Direct-to-device satellite connectivity company Skylo Technologies has raised $37 million in funding, co-led by Intel Capital and Innovation Endeavors. New investors BMW i Ventures, Next47, Samsung Catalyst Fund, and Seraphim Space contributed funding as well.  Skylo is a non-terrestrial network (NTN) service provider that works with existing satellite operators, network operators, and device makers to...

LeoLabs secured an additional $29 million in funding for its catalog of Low-Earth Orbit objects (LEO). The company said this latest financing will enable LeoLabs to scale up its insight delivery by further investing in advanced end-user applications and partner integrations.  New investors include GP Bullhound, 1941, and Dolby Family Ventures. This extension was also...