Finance

Aldoria has secured a further 10 million euros ($10.87 million) in funding after closing a series A funding round. The space situational awareness (SSA) company has now raised 22 million euros ($23.91 million) in funding in total. The funding round was led by Starquest, a dedicated advocate for green financing through Article 9 of the...

Albedo raised a $35 million Series A-1 financing round announced on Tuesday, to launch the company’s first operational satellite to collect ultra-high resolution imagery. These funds bring Albedo’s total funding to $97 million.  Standard Investments led the round and new investors Booz Allen Ventures, Cubit Capital, and Bill Perkins joined the round as well. The...

Lockheed Martin’s Space segment had a strong 2023, leading the company in growth with a 9% sales increase year-over-year. Strategic and missile defense programs and national security space programs led the growth. However, United Launch Alliance reported 80% lower equity earnings compared to 2022.  The Space segment posted net sales of $12.6 billion in 2023,...

Comtech Telecommunications received a $45 million investment from current shareholders White Hat Capital Partners and funds affiliated with investment manager Magnetar, the company announced Monday. Comtech said this investment gives the company greater financial flexibility. C​​omtech plans to apply the investment to a range of initiatives including working capital needs like repaying debt and also...

AT&T, Google, and Vodafone have made a strategic investment in AST SpaceMobile to support the commercial roll-out of AST SpaceMobile’s network. Both AT&T and Google are new investors for the company.  The investment announced Jan. 19 is a mix of equity-linked capital and non-dilutive commercial payments. According to an announcement, the three companies jointly gave...

Yahsat and AI geospatial solutions provider Bayanat announced a large piece of consolidation at the end of the year with plans to combine into a brand new AI-powered space technology powerhouse in the Middle East and beyond. The combined operation, called Space42, will have an implied market capitalization of over 15 billion UAE dirhams (over...

Italian space logistics company D-Orbit raised $100 million euros ($110 million) in a Series C funding round announced Thursday. Japanese industrial conglomerate Marubeni Corporation led the round, solidifying a commercial collaboration between the companies on space logistics. This is one of the largest funding rounds for a European space tech company.  D-Orbit is a rideshare...

EchoStar Corporation transferred some of Dish Network’s spectrum licenses to a newly formed subsidiary, the company said in a Jan. 10 announcement.  According to EchoStar, Dish Network has transferred certain wireless spectrum licenses to a newly formed subsidiary, EchoStar Wireless Holding L.L.C. These licenses include AWS-4, H-Block, CBRS, C-Band – Cheyenne, 12 GHz, LMDS, 24...

Space Norway has completed its acquisition of Telenor Satellite following approval by the Norwegian parliament. The completion of the deal was announced, Jan. 4. The purchase by Space Norway gives Telenor Satellite an industrial owner with a strategic focus to try and realize the company’s potential in the coming decades. The deal took less than two...

EchoStar Corporation completed its acquisition of Dish Network to close out 2023 on Dec. 31. The deal, first announced in August, combines Dish Network’s satellite technology, streaming services, and nationwide 5G network with EchoStar’s satellite communications solutions, which EchoStar said will create a leader in terrestrial and non-terrestrial wireless connectivity. Dish Network is now a...