Finance

LeoLabs, a commercial provider of Low Earth Orbit (LEO) mapping and Space Situational Awareness (SSA) services, closed a $13 million Series A financing round led by global investors WERU Investment and Airbus Ventures. Other investors participating in the round include Space Angels and Horizons Ventures. With this new funding, LeoLabs will expand its network of...

Earlier this month, Spanish satellite operator Hispasat announced it was joining SKY Perfect JSAT as a strategic investor in an exciting new satellite operator, LeoSat — who could become a main player in the Low Earth Orbit (LEO) satellite market. This is a huge strategic move for the operator and an indicator that it cannot...

Thales appointed Phillippe Carette as Chief Executive Officer (CEO) of the InFlyt Experience business, which provicers connect in-flight entertainment systems and services. He replaces Dominique Giannoni, who took a new leadership role within Thales. Carette will drive the company’s strategic corporate transformation initiatives within the business. He will also steer the digitalization of the connectivity and...

The concept of space as an investment sector appealing to venture capitalists is only a few years old, but we’ve seen a substantial change across the funding landscape in a short amount of time. As early uncertainty gave way to confident excitement followed by today’s tempered optimism, both VCs and the companies looking to benefit...

For about a decade, the concept of on-orbit satellite servicing has been gaining traction among owners and operators of these spacecraft. Satellites are incredibly expensive to manufacture, and launch costs can be astronomical. Additionally, much of the risk lies in launching the craft to space. The ability to safely and securely extend the lives of...

SKY Perfect JSAT is one of the biggest satellite operators around with a strong position in Japan and throughout Asia. But, how will it grow its business going forward? VIA SATELLITE: There were only around four GEO satellite orders in 2017. Did this surprise you? Does this signify an inflection point in the satellite industry...

CommunicAsia brought lots of talking points this year as the industry gathered to talk about the market and the growth prospects in this most vibrant of markets for satellite communications. New AsiaSat CEO Roger Tong wasted little time in making an impact with colorful remarks at the CASBAA event prior to CommunicAsia, particularly with his...

Global networking intelligence and security solution provider Allot Communications revealed today that Russian satellite operator Amtel-Svyaz has implemented the Allot Service Gateway (SG), including Distributed Denial of Service (DDOS Secure), in partnership with Mandarin Solutions. The SG would maximize visibility, security, and control in a fully virtualized environment. Amtel-Svyaz is a growing provider of Very...

Northrop Grumman hired Nick Chaffey as chief executive for the United Kingdom and Europe, effective Aug. 28, 2018. He will play a large role supporting the company’s current programs, developing strategies for growth, and identifying new business opportunities for the company’s activities in the U.K. and Europe, including countries in The North Atlantic Treaty Organization...

Veteran satellite legal and financial expert Phillip Spector  joined the board of directors for antenna systems manufacturer Phasor. A former attorney with Milbank, Tweed, Hadley & McCloy, and executive vice president and board member for Intelsat, Spector’s career spans more than 30 years. At Intelsat, he was responsible for legal and regulatory matters in the...