Finance

German space startup Reflex Aerospace has booked a slot on a SpaceX mission to launch its demonstration satellite in fall 2024. Reflex also expanded its seed funding round with a 1.75 million euro ($1.9 million) investment from existing investors and Bayern Kapital through its EFRE Bayern innovation fund. Reflex now has nearly 9 million euros...

Spire Global’s CFO Thomas Krywe plans to step down from the company in September, Spire disclosed in a Securities and Exchange Commission (SEC) filing on Wednesday.  The announcement comes as Spire is at risk of being delisted over its share price, and pursuing a reverse stock split to increase the price.  “Mr. Krywe indicated a...

Satellite cybersecurity company SpiderOak has received new investments from Accenture Ventures, Raytheon Technologies‘ RTX Ventures, and Stellar Ventures — beyond the company’s $16.4 million Series C round closed in January. The company said this investment will fund the company’s deployment of its zero-trust data security solutions for space missions. SpiderOak plans to extend its OrbitSecure software...

Viasat reported record revenue in its 2023 fiscal year of $2.8 billion and $2.6 billion from continuing operations, an increase of 6% year-over-year, with a boost in aircraft in service for in-flight connectivity (IFC).  The company sold its Link-16 Tactical Data Links (TDL) business line to L3Harris at the start of calendar year 2023, which...

Terran Orbital recorded record revenue of $28 million in the first quarter of 2023 and a new 16-satellite deal, but the company is burning through cash quickly. The manufacturer announced its Q1 financial results on Monday, news of a new $87 million award to manufacture 16 Low-Earth Orbit (LEO) satellites for a new, unnamed customer. ...

Spire Global reported a record $24.2 million in revenue in the first quarter of 2023, an increase of 34% year-over-year. New customer additions and increased adoption by existing customers drove the revenue growth.  Despite the growth, Spire is currently in a cure period and at risk of being delisted from the New York Stock Exchange...

Rocket Lab increased revenue 35% in the first quarter of 2023, beating the upper end of its previous guidance for the quarter.  The launcher reported $54.9 million in revenue in its Q1 results released Tuesday. Its previous guidance was $51 million to $54 million. This was also a boost of 6% quarter-on-quarter.  Net loss was...

Telesat’s first quarter 2023 results did not offer much of an update on funding for the Lightspeed constellation, but discussions are continuing, CEO Dan Golderg said in a call with investors on Thursday.  Telesat is in discussions with various parties to cover increased costs to the program, but the operator is delayed in securing the...

Bulent Altan will step down as Mynaric’s co-CEO later this year, with Mustafa Veziroglu taking the helm of the company as its sole CEO. Mynaric said the decision announced Thursday will strengthen the company’s focus on executing production targets for its lasercom terminals, and allow Altan to advocate for the company across his network.  The...

Hughes Network Systems says the Jupiter 3 satellite is set to ship to the launch site in June, and will launch in the first available window. The company gave the update on its long-awaited satellite in parent company EchoStar’s first quarter results on Tuesday.  Hughes is capacity constrained with its current satellite over North America...