Finance

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...

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...

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...

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...

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...

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...

Northrop Grumman’s Space Systems segment posted double-digit growth in the second quarter of 2023, leading the company in sales growth, while also taking a $36 million charge from the HALO...

Losses on several defense and space programs combined with a wider loss in the commercial airplane building segment led Boeing on Wednesday to report a net loss in income despite strong...

Iridium Communications is unlikely to see direct-to-device activations this year, expecting the first activations of this new offering with Qualcomm in 2024, CEO Matt Desch said in a call with...

In-space transportation company Impulse Space, founded by SpaceX founding member Tom Mueller, raised $45 million in an oversubscribed Series A funding round, the company announced Monday. RTX Ventures, the venture...