Finance

The anticipated merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite operator, is now close to completion. The shareholders of both companies approved the proposed...

Space & Airborne Systems and Communication Systems led growth at L3Harris in the first quarter of 2024, contributing to a 17% year-over-year revenue increase.  L3Harris reported Q1 results on Friday....

Northrop Grumman’s Space segment posted $3.7 billion in sales in the first quarter of 2024, a 9% increase from the same period last year. Northrop Grumman reported Q1 financials on...

Spanish launcher in development PLD Space has raised 78 million euros ($84 million) from investors, the company announced Tuesday. The company plans to use the funds to open the first...

Lockheed Martin increased both sales and operating profit in the company’s Space segment in the first quarter of 2024, compared to the same time period in 2023.  Space posted $3.3...

Seraphim Space closed a new venture fund, Seraphim Space Ventures II LP, with backing from satellite operator Eutelsat Communications, Japanese telco NEC and Japanese satellite operator SKY Perfect JSAT. Seraphim...

Dhruva Space, a  space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go...

Iridium saw its fiscal first quarter 2024 (Q1 2024) revenue total decrease 1% year-over-year, largely due to lower equipment revenue. Iridium reported its Q1 2024 results on April 18, reporting...

Orbex, the U.K. rocket company, received 16.7 million pounds ($20.8 million) in funding from a group of six significant investors in an update to its Series C funding round. Investors...

Earth imagery provider Satellogic has begun the process of relocating the company to the U.S., and recently received a $30 million strategic investment from cryptocurrency company Tether Investments Limited.  Satellogic...