Finance

Firefly Aerospace has named former Blue Origin executive Bretton Alexander as chief revenue officer (CRO) to lead business development planning to drive revenue growth. Alexander will oversee all sales and customer relationships across the company’s launch, lunar, and on-orbit services.  Alexander was with Blue Origin for nearly 12 years and served as both vice president...

Tilebox, a new European space startup has closed its pre-seed round of funding, raising $1.7 million. The company announced the close of the funding round Aug. 1. The round was led by tech investors including Cocoa Ventures, Possible Ventures, Remote First Capital, along with Findus Ventures and Luis Sanz, CEO of CARTO. The company aims...

Globalstar’s financial position has been greatly improved with the company’s deal to provide the satellite service for Apple’s iPhone 14 emergency messaging service. In the first half of this year, the company’s revenue is up more than 60% to $113 million.  EBITDA was almost $60 million, an increase of over 140%. Globalstar also ended the...

Revenue at SES grew nearly 10% in the first half of this fiscal year, but the operator also disclosed a minor issue with O3b mPOWER satellites in its half year financial results on Thursday. Interim CEO Ruy Pinto led the company’s investor call for the first financial report since former CEO Steve Collar left the...

Planet will lay off 117 employees, CEO Will Marshall announced Tuesday, after the company lowered its guidance last quarter.  Planet published a note that Marshall sent to the company, explaining the layoffs. He said that when the company went public in December 2021, it built up understaffed teams and took on new projects to expand...

Orbit Fab has hired former Terran Orbital executive Shawn Hendricks as its first chief operating officer (COO), to ramp up the company’s internal production. Orbit Fab announced the hire July 31.  Hendricks was senior vice president of operations for Terran Orbital, and previously held management positions with L3Harris and served nearly two decades with the...

L3Harris closed on its acquisition of rocket propulsion supplier Aerojet Rocketdyne on Friday, after the Federal Trade Commission did not block the move.   More than 5,000 employees from Aerojet Rocketdyne will join L3Harris, and former L3Harris CTO Ross Niebergall will serve as president of the Aerojet Rocketdyne segment. It will be known as Aerojet Rocketdyne,...

Eutelsat Communications is optimistic for a return to top line growth in the coming fiscal year, despite drop in Video revenues. The company reported 1.13 billion euros ($1.25 billion) in revenue in its 2022-23 fiscal year on July 28, down 1.8% compared to the prior year.  Revenue in the Video segment fell 8% during the...

Ground segment service provider Leaf Space raised 20 million euros ($22 million) in a Series B round announced July 25. The company also took on a 15 million euro ($17 million) loan from the European Investment Bank of venture debt.  CDP Venture Capital Sgr (through Fondo Evoluzione) and Neva Sgr led the round, with participation...

Radio frequency (RF) data provider Kleos Space is preparing to file for bankruptcy, announcing July 26 that it is unable to meet its financial obligations.  The company said in a July 26 statement that its mandated broker was unable to achieve commitments to progress a converting note facility, and there is “no prospect of viable...