Finance

GapSat is acquiring QBX Limited, an Isle of Man based satellite solutions and consulting services company, GapSat announced Jan. 16. QBX has a portfolio of satellite radio frequency spectrum and intellectual property. The acquisition includes a patent for new techniques to improve in-flight safety and communications for Geostationary aero-mobility services and a suite of three...

Space cybersecurity firm SpiderOak has raised $16.4 million in a Series C round led by Empyrean Technology Solutions. The lead investor is a space technology platform backed by funds affiliated with private equity firm Madison Dearborn Partners. The oversubscribed round included additional investment from Method Capital, and OCA Ventures. SpiderOak offers OrbitSecure, a zero-trust cybersecurity...

SatixFy Communications names Ido Gur as its new CEO, the company’s second permanent CEO in less than a year. Gur joins SatixFy after Saguna, the edge cloud computing company he led, was acquired.  Gur has more than 20 years of senior management experience in a range of industries, including telecommunications, mobile, networking, wireless and radio...

Capella Space on Tuesday said it has raised more than $60 million in new funding it will put toward new expanding its next-generation of radar satellites and new data products as customer demand for satellite Earth imaging continues to grow. The funding round comes from the U.S Innovative Technology Fund and follows a $97 million Series C financing...

The European Investment Bank (EIB) is loaning SES 300 million euros ($322 million) to finance three satellites that will deliver broadcast and broadband services across Western Europe, Africa, and the Middle East. SES announced the seven-year loan on Wednesday. It is the largest amount ever provided by the EIB to a Luxembourg-based company. The EIB...

To commemorate International Women’s Day, Via Satellite is celebrating women who are leaders in the satellite industry. For this feature, we are asking people in the satellite industry to highlight women in the industry who have made a difference in their careers and for the greater satellite and space industry.  There’s no award at stake....

ST Engineering iDirect has named Don Claussen as its new CEO. Claussen joins ST Engineering iDirect from Intelsat General Corporation where he served as vice president responsible for Strategy, Business Development, Product Management and Service Delivery. The company announced the appointment on Jan. 9.  Claussen replaces Ka Hoe Low, who served as interim CEO after...

Canadian space startup NorthStar Earth & Space raised $35 million in its Series C funding round, the company announced Thursday. NorthStar is working to offer space-based space situational awareness (SSA) services and said this funding will accelerate its time to product launch.  Cartesian Capital Group led the round through Pangaea Three Acquisition Holdings III.  The...

L3Harris Technologies on Tuesday closed its $2 billion acquisition of Viasat’s Tactical Data Links (TDL) product line, strengthening its focus on the Defense Department’s efforts to link its systems and sensors into single network. The TDL acquisition was announced in October and had been expected to close months from now, but U.S. and allied partner regulators...

L3Harris Technologies announced Tuesday that it has named Samir Mehta as new president of its Communication Systems segment. Mehta succeeds Dana Mehnert, who is retiring after 38 years with L3Harris. The Communication Systems segment includes satellite terminals. The segment deals with tactical and airborne radios, secure communications, night vision technology, and professional and public safety...