Finance

Terran Orbital has started the year by announcing two significant financial updates regarding its cash balance as well as an update on its contract with Rivada Space Networks. The company received a milestone payment from Rivada on its constellation contract. Terran Orbital said the amount was for the completion of a program milestone. As a...

Japanese satellite company Axelspace raised $44 million in a Series D funding round, the company announced Dec. 20. Axelspace, based in Tokyo, has an Earth observation (EO) business and manufactures microsatellites as well. The company said it will use the funds to improve its EO business by expanding its five-satellite constellation. The company also plans to...

Yahsat has announced a stunning piece of consolidation as it looks to be a part of a brand new AI-powered space technology powerhouse in the Middle East and beyond. It is planning to merge with Bayanat, an AI-powered geospatial solutions provider, also based in the UAE. The combined operation will have an implied market capitalization...

Satellite startup Lynk Global, which has proven satellite-to-cell technology, plans to go public through a special purpose acquisition company (SPAC) merger with Alex Rodriguez’s SPAC, Slam Corp.  Lynk and Slam Corp. announced Monday they have signed a non-binding letter of intent for a potential business combination. They intend to finalize the business combination in the...

HawkEye 360 is acquiring two radio frequency (RF) satellites from Maxar Intelligence that were part of Aurora Insight before Maxar acquired the company. HawkEye announced Monday it is acquiring the RF Solutions business from Maxar Intelligence, which includes two existing RF satellites, RF scanning intellectual property, a multi-year RF database, and personnel.   Maxar Intelligence previously...

Sidus Space will execute a reverse stock split on Tuesday to raise its share price, after receiving approval from its stockholders. The company will reverse split its stock so that every 100 shares of issued and outstanding common stock will be exchanged for 1 share of common stock.  This is intended to raise the company’s...

True Anomaly raised a $100 million Series B funding round, the company announced Tuesday. The company builds spacecraft and software to address space domain awareness, and said this funding will advance that mission.  Riot Ventures led the round with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine...

Comtech reported strong revenue growth in the first quarter of its 2024 fiscal year, growing revenue 15.9% over the same time last year. However, the company disclosed in its Q1 2024 results on Dec. 7 that financing issues “raise substantial doubt” that the company can continue to operate over the next year.  According to disclosures...

Orbex has appointed John Bone as its new chief commercial officer, the company announced Dec. 6. This appointment comes as Orbex advances its preparations for the launch of Orbex Prime, which could be the U.K. mainland’s first vertical rocket launch. Bone will be responsible for driving the commercial strategy of Orbex, leveraging his experience and...

Canada’s NorthStar Earth & Space raised a $20 million Canadian dollar ($14.7 million) Series D funding round, the company announced Dec. 6. Telesystem Space invested in the round, along with the government of Quebec through Investissement Québec, and the Luxembourg Future Fund – Co-Investments SA. NorthStar Earth & Space is working to establish a constellation...