Finance

One of the biggest deals in the satellite sector has been completed. Eutelsat completed the all-share combination with OneWeb on Sept. 28. This follows after Eutelsat shareholders approved the deal on Thursday. This combination now forms Eutelsat Group. This finally concludes the merger announced more than a year ago, bringing together one of the largest...

Sidus Space announced two leadership appointments this week, elevating Leonardo Riera to chair of its board of directors, and Jared Novick to the role of COO. Both were already involved with Sidus, Riera was a director on the board, and Novick was senior vice president of strategy and special projects. Sidus founder and CEO Carol...

Commercial space station company Sierra Space announced a $290 million Series B funding round on Tuesday, valuing the company at $5.3 billion. The round takes Sierra Space’s total capital raised to $1.7 billion.  A Japanese strategic partnership co-led the round. The partnership is between MUFG Bank, Kanematsu, and Tokio Marine & Nichido Fire Insurance, Japan’s...

Blue Origin CEO Bob Smith is stepping down from his position at the end of this year, and Amazon’s Kuiper lead Dave Limp will become CEO of the company. A Blue Origin spokesperson confirmed the change in a statement to Via Satellite on Tuesday, after various outlets published Smith and Limp’s letters to the Blue...

Deep-water drilling is often a $10 million a day, mission-critical operation. If a signal drops, and an oil rig engineer can’t track their machinery for more than a few seconds, they have to shut down operations — or risk the safety of their crew. Safety is a priority — but that’s a lot of money...

The Westin Vendôme in Paris was packed in mid-September with a completely sold out World Satellite Business Week (WSBW). As the industry is expanding, the show is growing and buzzing with energy. While there wasn’t any show-stopping news during the week, WSBW was a good opportunity to gauge the pulse on the industry more than...

The Global Satellite Operators Association (GSOA) has appointed ManSat’s CFO Rachel Beattie to be its new treasurer. GSOA announced the appointment Sept. 25. Beattie has been the CFO at ManSat for just over three years and has completed the ISU Space Executive Course. GSOA serves as a collaborative platform for enterprises engaged in the global...

Maxar Technologies is reorganizing into two businesses, splitting the company into Maxar Space Infrastructure and Maxar Intelligence. A representative for the company confirmed the move in a statement to Via Satellite on Thursday.  The company’s current CEO Dan Jablonsky will lead Maxar Intelligence as interim CEO. And Chris Johnson will lead Maxar Space Infrastructure as...

Iridium Communications will hit $1 billion in annual service revenue in 2030, CEO Matt Desch projected during the company’s investor day presentation on Thursday, setting a bold revenue target for the company. Desch said this revenue growth over the next seven years has the capacity for $3 billion in shareholder returns through 2030. The company...

Kayhan Space raised $7 million in a seed extension round to advance the development of its Pathfinder spaceflight safety platform. Venture capital firms Space Capital and EVE Atlas funded the extension round. Kayhan Space said in a Tuesday announcement it plans to open an office in Washington, D.C. and grow its team of U.S. based...