Finance

OroraTech, a Munich-based startup working to monitor thermal data from space extended its Series A funding round with 15 million euros ($15.8 million) from private investors and public sector funding.  Belgian climate impact fund Edaphon led the round with existing investors Findus Venture, Ananda Impact Ventures, Wachstumsfonds Bayern 2, ConActivity, APEX Ventures, SpaceTec Capital, as...

Pradman Kaul is retiring from his role as president of Hughes Network Systems at the end of the year, after nearly 50 years with the company. Kaul is a longtime leader in the satellite industry, and joined Hughes in 1973 and became president of the company in 2000.  Paul Gaske will succeed Kaul in January...

This article is part of a new series, in which Via Satellite interviews people in the industry at different points of their careers, with a focus on career decisions-making, and what they are looking for in terms of developing a career in the satellite and space industry. Abdul Halim Abd Aziz, assistant manager for Satellite and Launch...

Eutelsat has made another significant change to its management team appointing Christophe Caudrelier as its new chief financial officer. Eutelsat announced the appointment late last week. Caudrelier succeeds Sandrine Téran who decided to step down from the role. Caudrelier joins Eutelsat from Tikehau Ace Capital Partners where he served as operating partner – finance. Tikehau...

Inmarsat reported $366.6 million in revenue for the third quarter of 2022, up 7% compared to the same time period last year. The satellite operator released third quarter financial results on Monday. Inmarsat is not publicly traded, but the company is in the midst of a deal to be acquired by Viasat.  Government is the...

There is a new world order. People around the globe want, need – no, rather must have – data. And lots of it. Regardless of where you live, work or play and the disparities that exist, people are unified in their demands and expectations. A quality connection readily available is the new black of yesteryear....

Every year Via Satellite, the most trusted news source for the global satellite and space communities, recognizes excellence in the industry with the Satellite Executive of the Year and Satellite Technology of the Year awards. Nominations are now open for Satellite Executive and Technology of the Year for 2022. Please submit nominations by Jan. 7.

Boeing on Thursday announced a consolidation and streamlining of its $26 billion defense unit, which has struggled with a slew of performance issues the past few years that have bled into the bottom line. The changes were made by Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), who was appointed to the...

Yahsat has been a busy operator over the last few years. The company acquired Thuraya in a major move in the Middle East which gave it a more complete product portfolio. Recently, it has made another move in IoT, acquiring a minority stake in eSAT Global, an IoT connectivity solutions providers that aims to bring...

A new crop of startups from around the world will take the stage at the 2023 Startup Space competition, pitching their businesses for a chance to appear before leading space investors.  The SATELLITE Conference and Exhibition announced competitors on Monday for the seventh annual contest at the annual trade show in March.  The early stage...