Finance

I have reviewed a lot of pitches. Between my career and projects at Jack Industries, reviewing startups for personal investment at Astia Angels and volunteering to judge startup competitions from high schools to professional organizations, I have heard a few hundred business pitches. When I first started looking at decks, I believed I added value...

SES released its financial results for the three months ending March 31, 2019, and reported a 26.5 percent decrease in net profit in comparison to the same period in 2018. According to the release, revenue and EBITDA are in line with company exceptions and SES is on track to deliver on its 2019 financial outlook. Continued...

Boeing reported its Q1 results, in which its Defense, Space, and Security segment saw revenue increase to $6.6 billion, a 2 percent increase compared to the same period last year. According to the release, this is primarily driven by higher volume across satellites, weapons, and surveillance aircraft partially offset by lower C-17 volume. First-quarter operating margin increased...

SiriusXM revealed its Q1 2019 operating and financial results, in which total revenue increased by $1.7 billion compared to the prior year period — an increase of 26 percent. According to the release, growth was driven by the acquisition of Pandora Media on Feb. 1. The company’s net income totaled $162 million in the first...

Iridium Communications reported financial results for the first quarter of 2019 and affirmed its full-year 2019 outlook. The company reported a Q1 total revenue of $133.7 million, which consisted of $107 million of service revenue and $26.7 million of revenue related to equipment sales and engineering and support projects. Total revenue increased 12 percent from the...

According to the “Fixed Satellite Services (FSS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report, the market reached a value of $20.2 billion in 2018. Looking forward, the market to reach a value of US$ 25.7 billion by 2024, registering a CAGR of around 4 percent during 2019-2024. Fixed satellite services, also known...

Via Satellite is thrilled to announce the official nominees for both the prestigious 2018 Satellite Executive of the Year Award and the inaugural 2018 Satellite Technology of the Year Award. For the first time in the history of the award, Via Satellite readers and SATELLITE 2019 attendees will be able to vote for the winner of the...

U.S. Vice President Mike Pence  will deliver a special keynote address on Monday, May 6th at the SATELLITE 2019 conference taking place at the Walter E. Washington Convention Center. The Vice President’s remarks will begin at 1:15 p.m. during the event’s Monday Keynote Luncheon. SATELLITE 2019 Chair Jeffrey Hill said that the show team is...

Slingshot Aerospace, an analytics company, raised $5 million in new seed funding. The round was led by ATX Venture Partners with participation from new investor Revolution’s Rise of the Rest Seed Fund. The Rise of the Rest Seed Fund is part of Revolution, the Washington DC-based investment firm founded by former AOL Co-founder Steve Case...

Elon Musk’s Space Exploration Technologies Corp. is raising another $500 million in funding amid internal questions about the viability of an internet-via-satellite business considered key to the company’s growth. The fundraising, outlined in a regulatory filing last week, comes four months after a similarly sized deal for the closely held company, which is trying to...