Finance

OrbitsEdge appointed Barbara Stinnett as CEO. OrbitsEdge designs Low Earth Orbit (LEO) micro-data centers, aiming to accelerate the commercialization of space by enabling organizations to economically streamline and analyze vast amounts of data in space. OrbitsEdge creates solutions using off-the-shelf EDGE technology and software and analytics, combined with its proprietary SatFrame technology. Stinnett brings over...

Viasat opened a new office in Brasilia, Brazil and relocated its São Paulo office to a larger facility in the Itaim Bibi district. The São Paulo office puts Viasat in the heart of the city’s growing commercial and financial center, while the office in Brasilia puts Viasat in close proximity to its strategic partner, Telebras,...

Latin American-based Axesat and German-based CETel are combining to form AXESS Networks (AXESS), a new leading global player in the enterprise satellite communications industry. Pairing Axesat‘s commercial strategy and its presence in the Latin American market with CETel’s experience in providing solutions to the EMEA market has been the key driver for this merger. The new...

Spire Global received more than $40 million in new funding from strategic partners including ITOCHU, Mitsui, and Scottish Investment Bank and financial investors led by the GPO Fund, Perennial Value Management, and Bessemer Ventures. Existing investors RRE Capital, Expon Capital, Seraphim Capital, and Qualcomm Ventures also participated, among others. This investment will allow Spire to...

Intelsat accused OneWeb and Softbank Group of fraud, conspiracy, and breaching contract. The lawsuit was filed in the New York Supreme Court on Sept. 10. “Upon information and belief, SoftBank and OneWeb intentionally and knowingly made or caused to be made materially false statements and/or omissions in their communications with Intelsat and/or its agents with the...

Thaicom Public Company Limited (THCOM) signed an Agreement of Intention with Russian Satellite Communications Company (RSCC) to collaborate on the joint development of a service offering for maritime satellite broadband connectivity. According to the framework of the agreement, Thaicom and RSCC will initially study roaming options on their proprietary maritime VSAT networks. Roaming on Thaicom’s...

NanoRacks is opening and staffing its first office in the United Arab Emirates (UAE) in Abu Dhabi’s Hub71, a global tech ecosystem driven by Mubadala Investment Company, backed by the Abu Dhabi Government’s Ghadan 21 program. This expansion will help the company offer customer service and technical advice for its customer base in the Middle...

Satellite manufacturers are entering a new world, according to a panel at World Satellite Business Week (WSBW) in Paris last week. Chris Johnson, president, Boeing Satellite Systems International, admitted that that the satellite manufacturing industry stands at the precipice of a number of significant opportunities. “It has been a challenging market over the last few...

Northrop Grumman revealed organization changes to its operating sectors to better align the company’s broad portfolio to serve its customers’ needs. In addition, Patrick Antkowiak, corporate vice president and chief strategy and technology officer, and Christopher Jones, corporate vice president and president of technology services, have announced their intent to retire. The changes are not...

The European Space Agency (ESA) Business Applications and Space Solutions, under its Kick-start Activity program, awarded funding to SpaceChain UK to further develop and identify commercial use-cases for its satellite blockchain technology. SpaceChain’s satellite blockchain technology is designed to bring more security to the transmission of digital currencies and smart contracts by using a distributed...