Finance

It seems hardly a week goes by without some harrowing prediction related to climate change. It is becoming increasingly clear that space companies will have a prominent role in the fight to minimize damage for climate change, as space-based data will provide insights into what can be done next. A number of climate technology space...

Michèle Flournoy, the former U.S. Under Secretary of Defense who served during President Obama’s first term in office, has joined Rivada Networks’ Board of Directors, the company announced Thursday. Flournoy served as principle adviser to the Secretary of Defense in the formulation of national security and defense policy, oversight of military plans and operations, and...

SES has revealed details of a new content deal in Latin America. It is partnering with Quanta, that will see the two companies interconnect their content delivery networks for sports and events customers operating in Latin America. SES announced details of the partnership Aug. 10. Quanta’s newly-inaugurated teleport in São Paolo has been interconnected with...

It is all systems go for Canadian operator Telesat and its Lightspeed LEO satellite constellation. In a surprise announcement on Friday, the company confirmed that the long-awaited constellation is now fully funded and that it has contracted to MDA to build the 198 satellites needed for the system. Lightspeed satellite launches are now scheduled to...

Space-based data, analytics and space services provider Spire Global turned in one of its best fiscal quarter performances in 2Q 2023, reporting its strongest revenue haul and lowest operating loss since going public. In the results posted Thursday afternoon, the company reported a 37% year-over-year increase in quarterly revenue to reach $26.5 million, which was...

On what should have been a cheerful Q1 2024 financial earnings call to promote strong year-over-year revenue growth, Viasat Chairman and CEO Mark Dankberg spent most of his time explaining to investors why the company still can’t explain the anomaly it experienced with the reflector on its recently launched Viasat-3 satellite and why he’s not...

BlackSky Technology reported $19.3 million in revenue in the second quarter of 2023, up 28% from the prior year period, citing increased demand for satellite imagery and monitoring. The company reported financial results on Wednesday, along with a deal for five Rocket Lab launches.  The launches with Rocket Lab are expected to begin in 2024...

Rocket Lab revenue was up 12% in the second quarter of 2023, above the midpoint of the launcher’s prior guidance.   Rocket Lab released its second quarter 2023 financial results on Tuesday, reporting $62 million in revenue. The results came out a day before Rocket Lab announced a new, five-launch contract with customer BlackSky.  During the...

EchoStar Corporation and Dish Network are getting back together. The two Charlie Ergen-founded companies announced a deal to combine on Tuesday, with a plan to bring together satellite and terrestrial technologies to gain an advantage in the 5G ecosystem.  “By integrating Dish spectrum with EchoStar’s technological capabilities, we will have the ability to amplify 5G...

Less than a week after she announced her departure from Mynaric, Tina Ghataore has a new role in the satellite industry. Ghataore has been appointed as the new group chief strategy and revenue officer of Aerospacelab, as well as the CEO of Aerospace’s new North American branch. Aerospacelab announced the appointment Aug. 7. The company,...