Finance

Sidus Space has been granted an additional 180 calendar days, or until March 11, 2024, to regain compliance with The NASDAQ Stock Market, the Space-as-a-Service company announced Thursday. Unlike many new space companies that went public through SPAC mergers during the pandemic, Sidus Space went public through a standard-issue IPO in January 2022. The IPO...

SWISSto12, the Swiss smallsat company. has gained new financing, the company announced Sept. 13. It has secured a CHF 25 million ($28 million) working capital facility from UBS Switzerland, the multinational universal bank. The facility will provide SWISSto12 with flexible growth capital to meet strong customer demand for its geostationary SmallSat HummingSat. The company is...

Intelsat is teaming up with Aalyria as it looks to advance multi-orbit connectivity. Intelsat announced the deal, Sept. 12. The deal aims to advance the development of a new optical technology that will transfer record amounts of data between ground and space. Aalyria is an exciting California based company in the area of advanced networking...

Chris Emerson, the former Chairman and CEO of Airbus US Space and Defense, was appointed Chairman of antenna manufacturer ALL.SPACE‘s board of directors, the company announced Monday. Emerson currently serves as operating partner of AE Industrial Partners. His other executive roles also included President of Airbus Helicopters, and various roles in marketing, product strategy, and...

PARIS — Leading satellite operators CEOs speaking on a World Satellite Business Week panel on Monday said they are building out multi-orbit networks and partnerships to deal with competition from SpaceX’s Starlink constellation.  Intelsat CEO David Wajsgras said his company will likely decide whether or not to make a potential investment in a Medium-Earth Orbit...

Planet Labs delivered record quarterly revenue of $53.8 million in the second quarter of its 2024 fiscal year, beating guidance on gross margin and Adjusted EBITDA, but cut its full-year revenue outlook. The Sept. 7 financial update comes after the company laid off 117 employees at the end of the first quarter, saying it needed...

Speedcast appoints James Feger as the company’s new chief technology officer, to improve its software-defined wide area networking solutions. Feger joins Speedcast from application security and multi-cloud management company F5, where he was senior vice president. He has also held technology leadership roles at CenturyLink.  Speedcast said Feger will help the company introduce a new...

Microgravity research and manufacturing company Space Tango has hired Sita Sonty as CEO, the company announced Sept. 1. Space Tango works in microgravity applications for hardware, software, materials science, biotech, and medicine, and provides access to microgravity on the International Space Station.  Sonty most recently led the space industry practice for Boston Consulting Group. She...

Intuitive Machines has secured a $20 million equity investment, giving the company enough capital that it doesn’t have to use a $50 million line of credit. The space exploration company is publicly traded and went public earlier this year.  Intuitive Machines is preparing to launch a lunar lander mission, IM-1, in mid-November, and two more...

Japanese space robotics startup GITAI raised $15 million in a Series B extension round to expand the company’s business in the U.S. and partially fund a lunar surface tech demonstration. This expands the previously announced Series B funding to a total of $45 million.  GITAI raised funds through a third-party allotment from Green Co-Invest Investment...