Finance

It has been a year of great change in the satellite industry. Evolving customer needs and requirements in 2018 have led to the need for fast-paced innovation from manufacturers and operators alike. With so much happening in the industry, it was difficult to narrow down key trends — but here are the final, top 5...

According to the Wall Street Journal, SpaceX is set to raise $500 million to strengthen Starlink, its satellite internet service business. This funding would bring the company to a total $30.5 billion valuation. A source from SpaceX said that the company is raising capital from Baillie Giffard and Company, a new investor, as well as from...

Former Attorney General of Louisiana Charles C. Foti, a partner at the law firm of Kahn Swick and Foti (KSF), revealed that KSF has commenced an investigation into Gogo. On May 4, the company disclosed that because of increased costs and lost revenue resulting from widespread problems with its 2Ku global satellite system antennas, including manufacturing...

Globalstar revealed that the Third Generation Partnership Project (3GPP) has approved a global standard for terrestrial use of Globalstar’s spectrum at 2483.5-2495 Megahertz. 3GPP has designated Globalstar’s terrestrial S-band as Band 53, which now permits LTE services in the U.S. with additional geographies expected to be added in 2019. The approval provides for Time Division Duplex (TDD)...

Kleos Space, a space technology operator, is now dual-listing company shares on the Frankfurt Stock Exchange. The company is trading with the ticker code KS1 as it prepares for the launch of its first satellites and commercialization of its Data as a Service (DAAS) product in 2019. “While we are delighted to have many Australian...

In order to grow and be competitive in the satellite industry, companies must focus on creating opportunities — not only for their clients, but for partners and all actors across the value chain. In Latin America, we do this by identifying and developing relationships to empower all actors in the value chain, allowing them to...

Recently, the editors of Via Satellite got together to debate (and argue) who they felt were the 10 hottest companies in the satellite industry. What is great about our industry right now, is there are many companies that could be put into this category, both start-ups and established companies. In no particular order, we decided...

At CyberSat 2018, a number of speakers discussed the growing threat to satellites from nation states and other actors — and they believe that satellites will continue to be targeted. In fact, Dave DeWalt, the chairman of Momentum Cyber, said satellites was one of the areas that worried him the most. One of the companies...

Speedcast International revealed its new Cybersecurity as a Service solution, a combination of applications and services to help protect customers against growing cyber threats. The solution aims to protect customers from cyber risks by defending customers’ assets, detecting and monitoring threats, and mitigating cyberattacks. Cyberattacks can lead to business disruption, financial loss, damage to reputation,...

We enter the new year with 2020 closely in sight — a period which could mark a profound turning point for U.S. government satellite communication acquisition and implementation. Riding the momentum of a series of events over the past year, federal and industry leaders appear poised to take the next critical steps forward in a...