Finance

This story, about how an electric co-op morphed into a community ISP, is one that everyone in the satellite and telecoms industry should read. This is what we are talking about when we say that future 4G/5G networking business and ownership models are changing. This change will be driven by those on the other side...

For many years, the satellite industry behaved differently from other high technology industries, where continuous and rapid change is a constant. Only until recent years has our industry begun moving so quickly that it is important to take time to try and project what comes next; to be prepared either to take advantage of opportunities...

Now nearing the final stretch of technical qualifications, Sky and Space Global is on track to begin deploying its full Pearls constellation in the beginning of next year. The company has already secured a slew of early customers, and has also begun generating revenue with its first on-orbit satellites, the Three Diamonds. In an interview...

Viasat has opened its new expanded office in Dublin, Ireland, which is expected to house up to 250 team members focused on developing next-generation software and technology for the company’s target broadband markets. Viasat currently has nearly 100 team members located in Dublin primarily developing software solutions for the commercial aviation industry. The company expects to more...

Northern Sky Research’s (NSR) newly released High Altitude Platforms (HAPs), 2nd Edition report forecasts $1.7 billion in cumulative HAPs revenues over the next decade for airships, balloons and pseudo-satellite platforms. Of the three platforms, the balloon market remains the largest and strongest driver of revenues. According to NSR, Latin America, Africa and Asia present the largest service opportunity,...

Seraphim Capital has launched the United Kingdom’s first dedicated accelerator program for best-of-breed space startups, supported both by U.K. and European government agencies and a slew of corporate partners. According to Seraphim Capital, collaborators for the Space Camp Accelerator include Airbus, Surrey Satellite Technology, SES and Telespazio. The nine-week program will run twice per year,...

A South African-manufactured nanosatellite orbiting Earth since May 2017 has successfully generated sales of some of its sub-systems on the international satellite market. The satellite, called nSight 1, is a product of the Somerset West-based SCS Aerospace Group (SCSAG), Africa’s largest privately owned group of satellite design and manufacturing companies. Astronauts aboard the International Space...

World View announced that it has successfully closed a $26.5 million Series C financing round led by Accel. The Series C also included major investment by Canaan and Norwest Venture Partners, both of which participated in World View’s previous Series B round of financing. Accel, known for its record of early stage investments in companies...

RigNet announced it has completed its acquisition of Intelie, which has developed a technology platform for real-time predictive analytics. The closing was effective March 23. According to RigNet, the acquisition of Intelie accelerates RigNet’s strategy to move up the network stack and furthers the development of enterprise applications powered by differentiated data analysis. RigNet will...

NewSpace startup LeoSat, which is building the satellite equivalent of a Virtual Private Network (VPN) in space, plans to focus primarily on raising funds for its Series A round this year. With a glut of major customer agreements already signed, the company’s next hurdle is ensuring it has enough cash on hand to build out...