Finance

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...

Lockheed Martin announced May 4 its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer needs,...

Globalstar reported record growth in the first quarter of 2023, and expects more growth to come this year, highlighting opportunities commercializing its Band 53 spectrum.  The operator released its first...

Charlotta Sund will become the new CEO of Swedish Space Corporation (SSC), the company announced May. 4. Sund will start the role in the fall of this year, and succeeds...

New geospatial satellite startup Nuview emerged from stealth mode on Thursday, with plans to build the first commercial LiDAR satellite constellation.  LiDAR — which stands for Light Detection and Ranging...

SES grew revenue nearly 10% in the first quarter of 2023, with a boost from its DRS Global Enterprise Solutions acquisition and the stronger U.S. dollar.  The operator reported 490...

Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company...

ABS has appointed Ramsey Khanfour as its new chief commercial officer (CCO), the company announced May 1. Prior to joining ABS, Ramsey was vice president of Sales and Business Development...

Revenue at satellite technology company SatixFy fell by 50% in 2022, as supply chain challenges caused order delays and cancellations, the company said.  SatixFy reported its first full-year financial results...

Avanti Communications has made a move to expand its presence into Africa. The operator is opening a new flagship office in Ikoyi, Lagos. Nigeria is a huge market in Africa...