Finance

Every year, Via Satellite honors an executive that has had a significant impact on the changing satellite industry. The Satellite Executive of the Year award honors an executive that has led a company to financial success, executed an innovative project, or furthered the conversation on a crucial issue facing the industry. This year’s nominees represent a broad...

For the fifth year, Via Satellite’s 10 Hottest Companies list highlights the “must watch” companies providing satellite communications, ground systems, manufacturing, imagery and sensing, and launch services. Via Satellite editors chose the companies on this list based on their expected activity for the year, and a mix of market share, transformational technology, ground-breaking deals, and overall industry excitement....

Commercial space station company Vast is acquiring Launcher for its space tug and hosted payload products. Vast announced the acquisition on Tuesday, terms of the deal were not disclosed.  Vast is a new company and just announced its debut in September 2022, founded by Jed McCaleb, co-founder of payments company Stellar. The company plans to...

Revenue at Eutelsat Communications dipped 6% in the first half of fiscal year 2022-23, the operator reported Feb. 17, due to a decline in broadcast revenue. Eutelsat reported total revenues in the first half of 574 million euros ($613 million), down 6% like-for-like. The operator said first half revenues were within the range of its...

Thaicom saw a fall in its net profits and overall revenues in 2022. The company reported its financial results the week of Feb. 15. In 2022, the company had a net profit of 42 million baht ($1.24 million), an over 70% decrease compared to 2021. However, while its net profits were down, its core profits...

Iridium Communications reported another year of record revenue in 2022, growing revenue 17% compared to 2021. The company reported full year 2022 revenue of $721 million in its financial results on Thursday, attributing growth to higher service revenue and record equipment sales. CEO Matt Desch announced on Thursday’s call with investors that Iridium eclipsed 2...

Intuitive Machines began trading on the Nasdaq on Tuesday after using a special purpose acquisition company merger (SPAC) to go public. Intuitive Machines is a space infrastructure company to supply products and services to support robotic and human exploration in space.  Shareholders of the blank check company Inflection Point Acquisition Corp. approved the deal with...

Mangata Networks is establishing Singapore as the location for its Maritime Global Headquarters (MGHQ). The company announced the move, Feb. 15. It has gained support from the Office for Space Technology and Industry, Singapore (OSTIn) to make this move. The MGHQ will feature an end-to-end simulation and development lab, a virtualized version of Mangata’s satellite...

Aerospace and defense engineering firm Boecore has acquired space software company Orbit Logic. Boecore said this acquisition will strengthen its software development and specialized mission operations capabilities and bring new products to its customers. Boecore announced the deal Feb. 13. Terms of the sale were not disclosed.  Boecore is based in Colorado Springs, Colorado, and...

HAPS company Avealto recently launched a trademark dispute against Airbus for renaming its HAPS venture Aalto HAPS Ltd, which it argues is too similar to its own name.  The two companies are targeting service with HAPS — high altitude platform stations, or high altitude pseudo satellites. HAPS operate in the stratosphere, much closer to Earth...