Finance

“From an image to an answer,” Ursa Space Systems Chief Executive Officer (CEO) Adam Maher said as he proudly described how his geospatial analytics company conducts its business. He started Ursa Space Systems in 2014 to take advantage of underutilized Synthetic Aperture Radar (SAR) capabilities, when companies such as Planet Labs and Black Sky were...

HawkEye 360 broadens access to its products with the introduction of a strategic partner program, including Eagle Technology as the strategic partner for New Zealand. HawkEye 360 is first commercial company to use formation flying small satellites to create a new class of Radio Frequency (RF) geoanalytics, according to the release. Eagle Technology will distribute...

Boeing will acquire Millennium Space Systems, a provider of agile, small-satellite solutions, under an acquisition agreement that will expand Boeing’s satellite and space portfolio, talent, and capabilities. California-based Millennium Space Systems was founded in 2001 and develops high-performance satellites for exacting missions ranging from 50 kilogram (kg) to more than 6,000 kg. The acquisition, which...

Asia Satellite Telecommunications (AsiaSat) released its interim results for the six months ending June 30, 2018. Overall revenue is up 14 percent to HK$730 million ($93 million) from HK$642 million ($81.8 million) in 2017. The increase is attributed to the full six-month revenue from the leases of Asia Sat 8 and AsaSat 4, and additional revenue from...

UrtheCast and Land O’Lakes have entered a binding term sheet for the purchase of Geosys Technology Holding, a wholly owned subsidiary of Land O’Lakes, for a purchase price of $20 million. This deal is expected to enhance the relationship between imagery data and geoanalytical solutions. The closing of the transaction is subject to confirmatory due...

DigitalGlobe, a Maxar Technologies company, appointed two leaders to the World Geospatial Industry Council (WGIC), formed during the 8th session of the United Nations Global Geospatial Information Management (UN-GGIM) held on Aug.2, 2018. DigitalGlobe President Dan Jablonsky will serve as a patron of the organization, and DigitalGlobe Senior Vice President Amy Minnick will serve as...

In the first part of an exclusive interview yesterday, we talked to former ABS Chief Executive Officer (CEO) Tom Choi about his future plans for Curvalux, a new technology system, and how he’s hoping to bring it to market. At first, Choi painted a potentially bleak picture for the future of operators investing billions in...

Cloud Constellation has launched a global partner program for its SpaceBelt Data Security as a Service (DSAAS) space-based cloud service, enabling partners to offer customers a cloud service that eliminates the terrestrial infrastructure as a key data breach vulnerability. SpaceBelt DSAAS is a scalable, space-based cloud service for securing high-value and highly sensitive data assets by...

HawkEye 360, an Allied Minds portfolio company, has raised $9.6 million in the first closing of a Series A-3 financing round (“the transaction”). The round included Razor’s Edge Ventures, Allied Minds, and Shield Capital. Additional investors are expected to subscribe further capital to a second closing of the transaction. Proceeds from the transaction will be...

XipLink has hired Edson Meira as its new vice president for the Latin America region. XipLink is a company that specialises in Wireless Link Optimization (WAN). Meira most recently held the position of senior sales director of Latin America at Telesat, running the Latin America region dating back to Loral Skynet — which later merged with Telesat in 2007....