Finance

Globalstar’s revenue increased 19% in 2022 compared to 2021, and the operator said transformation over the past year sets Globalstar up for success moving forward.  Globalstar announced a deal in 2022 to serve as the satellite provider for Apple’s emergency messaging service on iPhone 14 phones. Apple designed the iPhone 14 to communicate directly with...

Rocket Lab more than tripled its revenue in 2022, propelled by growth in its Space Systems business. The launcher and spacecraft manufacturer released 2022 financials on Feb. 28, reporting $211 million in revenue, up from $62 million in 2021.   Notably, this total 2022 revenue of $211 million exceeds Rocket Lab’s revenue targets from when the...

Katrin Bacic is the new CEO of ambitious European startup UNIO. The company announced the appointment, March 1. UNIO’s goal is to build a commercial satellite constellation for high-speed, high-performance and high-secure connectivity with a main focus on enabling new products and services in the mobility industry. In the European automotive sector alone, the market...

SES saw an increase in its overall revenues in 2022 but a sharp fall in its net profits. These were two of the highlights of its full year results for 2022, announced, Feb. 27. On the revenue side, the company achieved revenues of 1.94 billion euros ($2.05 billion), an over 9% increased compared to the...

Astroscale raised $76 million in its Series G round, with funding from new investors Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.  Alongside the investment from Mitsubishi Electric, Astroscale and the company agreed to jointly develop and manufacture satellite buses for Japanese national security constellations.   Astroscale, which...

Hughes Network Systems grew revenue by $10 million 2022 compared to 2021, despite a 16% drop in subscribers as the satellite operator faces competition from SpaceX’s Starlink business. Parent company EchoStar Corporation reported full-year financial results on Feb. 22, including comments on a future wideband, direct-to-device offering. Hughes revenue in 2022 was $1.97 billion, compared to...

LeoLabs executive Matthew Shouppe joined spaceflight safety company Kayhan Space as chief commercial officer, the company announced Thursday.  Shouppe has more than 13 years of industry experience in sales and product development for astrodynamics-based software and software-as-a-service applications. He joins Kayhan Space direct from LeoLabs, where he served as senior director of Commercial Space where...

Momentus settled a class action lawsuit against certain of its current and former directors and former officers, the company announced Thursday.  Momentus and the lead plaintiff reached an agreement in February to settle for payment of $8.5 million, at least $4 million of which is expected to be funded by insurance proceeds. The case is...

To commemorate International Women’s Day, Via Satellite celebrates women who have made a difference for the greater satellite and space industry, and in the lives of their colleagues. More than 75 people wrote about their mentors, colleagues, friends, and bosses — women that drive the industry forward through engineering, business development, regulatory policy, sales, and more. Here...

Each year, Via Satellite magazine and its readers recognize a handful of technologies for either their notable level of innovation, their contribution to the development of the space and satellite industries as a whole, their influence on global events, their notable success in the market, or a combination of these achievements. We’ve nominated six standout technologies for...