Finance

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...

Sidus Space grew revenue significantly in the third quarter of 2022 compared to the same time last year. On Monday, the company reported Q3 revenue of $1.32 million, up 164% from the same time last year.  Sidus Space, formerly Craig Technologies Aerospace Solutions, manufactures hardware supporting customers including the U.S. Department of State, U.S. Department...

Spire Global posted record revenue of $20.4 million in the third quarter of 2022, a gain of 114% over the same time period last year. This was in line with the high end of previous guidance, and Spire said growth was driven by new customers, and increased adoption from existing customers.  Revenue was also up...

Rocket Lab logged record revenue of $63.1 million in the third quarter of 2022, representing 14% sequential quarter-on-quarter growth and more than 1,000% growth from the same time last year. In the third quarter of 2021, Rocket Lab posted just $5 million in revenue.  This was just above last quarter’s Q3 guidance of revenue between...

Viasat’s first ViaSat-3 satellite launch has slipped to 2023, and the operator adjusted its 2023 fiscal outlook due to the delay. The company announced this week in its financial results that the satellite is now expected to launch in the first quarter of calendar year 2023, “with a target of earlier in that period.”  The...

BlackSky more than doubled its revenue in the third quarter of 2022 compared to the same time last year, posting 113% revenue growth, driven by increased demand from U.S. and international government customers. Total revenue for the third quarter of 2022 was $16.9 million, up $9 million from the third quarter of 2021. Most of...

Telesat progressed in financing discussions for its Lightspeed constellation during the third quarter and the company is still “bullish” on the opportunity for the constellation, Telsat CEO Dan Goldberg said on a Tuesday call with investors.  The Lightspeed Low-Earth Orbit (LEO) constellation has hit some speed bumps after Telesat downsized plans for the constellation earlier...

Maxar Technologies expects for its first batch of WorldView Legion satellites to launch in January 2023, the company reported last week in its third quarter financial results. Maxar plans to ship the first two satellites to the launch facility in December.  The highly anticipated WorldView Legion constellation will provide a boost to Maxar’s Earth observations...

Maxar Technologies on Thursday said it acquired Wovenware, which specializes in artificial intelligence and software developing, and will make the Puerto Rico-based company one of its software development and AI/machine learning (ML) centers of excellence. Terms of the deal were not disclosed. Wovenware has about 150 employees. The two companies have worked together for the past...