Finance

Avanti Communications has issued a very brief update on numbers for the six months to the end of June. The company announced that its half year EBITDA was in line with budget. It also said that its backlog has increased 80 percent to $156.4 million at 30 June 2019, including 1.8 Ghz of capacity sold...

MITRE has becoming the latest founding member of a major space cybersecurity initiative – Space ISAC. This follows on from a key announcement in April when the Space Information Sharing and Analysis Center (ISAC) and National Cybersecurity Center (NCC), a national non-profit for cybersecurity influencers jointly announced the launch of Space ISAC on April 8,...

The UK space industry is calling on the government to commit 150 million British pounds a year to an innovation fund as part of a national program that would recognize the sector’s importance. Graham Peters, chair of UKSpace, the trade body that represents satellite operators and manufacturers such as Airbus, Inmarsat and US defense group...

Kleos Space entered into a binding term sheet for an approximately $2.03 million (1.82 million euros) debt instrument, to be issued in the form of secured convertible notes. The procurement of Kleos’ 2nd cluster of satellites can now commence and the launch in 2020 will be booked over the coming months. The second cluster aims to collect...

In-soil agriculture analytics company CropX welcomed John Vikupitz to its executive team as president. Vikupitz will help drive the company’s global expansion with a focus on accelerating market adoption of the first farm management platform to integrate in-soil data insights at scale. For the last 10 years, he served as president and CEO of Netafim USA. Additionally,...

The satellite industry is in a state of flux. The numbers of new GEO satellites being ordered is reaching all-time lows. The question is how will operators around the world react to these changes. While the big operator’s strategies are well-known, how will the second tier of satellite operators look to grow their businesses in...

It is a special year for Telesat as it celebrates its 50-year anniversary, a remarkable achievement for the company and making it one of the oldest satellite operators around. But, while the operator has a great history, it also has an exciting future. Of all the big, traditional Fixed Satellite Services (FSS) operators, it has...

Kuiper Systems (Kuiper), a wholly-owned subsidiary of Amazon.com Services, joined the Satellite Industry Association (SIA) as its newest executive member. In July, Kuiper Systems filed a request with the Federal Communications Commission (FCC) for authority to launch and operate a Ka-band Non-Geostationary Satellite Orbit (NGSO) constellation to provide high-speed broadband services to consumers, businesses, and...

Vector is “undertaking a pause of operations,” according to a note released by the company on Friday. Additionally, John Garvey has replaced Jim Cantrell as CEO, according to the company’s website and social media. Garvey was formerly Vector’s Chief Technology Officer (CTO). Additionally, he has spent 30 years in the space industry, was involved in...

EchoStar revealed details for the completion of the spin-off and subsequent merger of its BSS Business, which was announced May 20. EchoStar set a record date of August 19 for the spin-off of that portion of its EchoStar Satellite Services business that manages, markets, and provides (i) broadcast satellite services primarily to Dish Network, Dish...