Finance

Firefly Aerospace entered into a Memorandum of Understanding (MOU) with Airbus Defense and Space to develop new space launch solutions for Airbus customers. “Firefly is pleased to enter into an MOU with Airbus to formulate an integrated market offering that will provide Airbus customers rapid deployment of Airbus manufactured satellites,” said Firefly Chief Executive Officer (CEO) Tom...

OneWeb successfully raised $1.25 billion in new capital in its largest funding round to date. This brings the total funds raised to $3.4 billion. This round was led by SoftBank Group, Grupo Salinas, Qualcomm Technologies, and the Government of Rwanda. The new funds, following the successful first launch of OneWeb’s satellites, will help enable the company...

According to the Sports Video Group (SVP), NovelSat is now a Sports Video Group corporate sponsor. NovelSat offers its NovelSat NS4 satellite transmission software package, which is available in all NovelSat satellite modems, modulators, and demodulators. All NovelSat equipment also supports DVB-S, DVB-S2, and DVB-S2X transmission standards. NovelSat offers a range of satellite communications solutions including...

The community served by Via Satellite has a history of innovation, with decades of proven performance in delivering capabilities from space. Businesses and individual consumers now leverage space solutions that are so integrated into our way of life, that we have grown dependent on them. New threats are arising to the use of space. China,...

Eutelsat Communications appointed Julie Burguburu as Company Secretary of the Group and a member of the Executive Committee, effective tomorrow. Burguburu will oversee Eutelsat’s legal, compliance, regulatory and governance issues by heading the company’s teams in charge of these functions, and will be an important asset as the World Radiocommunication Conference (WRC) will take place in 2019....

CesiumAstro closed a $12.4 million Series A funding round led by Airbus Ventures. Additional investors in the round include Kleiner Perkins, Franklin Templeton Venture Fund, Lavrock Ventures, Honeywell Ventures, and Analog Devices Ventures. Funds will be used to scale the team and expand the development of a wide range of frequency offerings and system configurations to meet...

A majority of analysts and stakeholders logged off of Iridium’s March 7 Investor Day webcast with smiles after the Virginia-based satellite operator revised its full-year 2019 service revenue and EBITDA guidance upward to $440 million and $330 million, respectively. Quilty Analytics Founder and Partner Chris Quilty summarized the four-hour long webcast — Iridium’s first in four...

Mitt Hettich has been named the Chief Executive Officer (CEO) of LeoStella, a joint venture created by Thales Alenia Space and Spaceflight Industries.  The company aims to help meet the growing demand for efficient and cost-effective small-satellite production. Hettich brings more than 30 years of aerospace system design, development, and production experience to LeoStella. He will...

Inmarsat’s full year 2018 financial results included a remarkable Aviation segment surge to over $256 million for the 12 months to the end of December, a nearly 41 percent increase compared to the same stage last year. In-Flight Connectivity (IFC) revenues doubled to more than $101.3 million in 2018. It reached $72.4 million for the...

Speedcast International will donate funds to support Télécoms Sans Frontières (TSF), the world’s first emergency technology Non-Governmental Organization (NGO). TSF responds to humanitarian needs around the world by leveraging telecommunications technologies. The NGO intervenes in humanitarian crises, conflict zones and areas hit by natural disasters to set up satellite communication for the affected populations and humanitarian...