Finance

A new spacecraft manufacturer, Apex, emerged from stealth on Monday with more than $7.5 million in funding.  Andreessen Horowitz led the round, with participation from XYZ, J2, Lux Capital, and Village Global. The company was founded by Ian Cinnamon and Max Benassi. Cinnamon, the CEO, previously Synapse, which uses AI technology for security checkpoints, and...

At World Satellite Business Week (WSBW) in Paris recently, there was a lot of chatter about a potential combination of Intelsat and SES. Rumors swirled, but this has always been an industry that loves consolidation rumors. For Intelsat CEO David Wajsgras, who only became the CEO of Intelsat in early April, there are a number of...

Ball Aerospace’s new Vice President of Strategic Operations is Hope Damphousse, the company announced Oct. 19. Damphousse starts the role immediately, and in this role, she will lead Ball Aerospace’s Washington, D.C. office; guide public policy, regulatory and government relations activities; and lead the company’s strategic planning and partnerships. Damphousse has been with Ball Aerospace for...

The Australian Government’s Foreign Investment Review Board (FIRB) told Viasat and Inmarsat that it will not raise objections to their planned merge, giving the operators a critical voice of approval along with recently acquired approvals in the United Kingdom and United States. FIRB’s clearance of Viasat’s proposed acquisition of Inmarsat falls under the nation’s Foreign...

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. Rania Toukebri is an aerospace engineer, who was...

Ovzon has hired Noora Jayasekara as its new CFO. Ovzon announced the appointment Oct. 11 and Jayasekara will start the role at the start of November. Jayasekara most recently held the role of CFO at Humana AB. Prior to that, she led and managed a consulting group in accounting at the consulting firm EY. “We...

The commercial space company Sierra Space launched a new business Oct. 12 that will invest in and partner with innovators and disruptors in the emerging new space market. Sierra Space Ventures will be led by Matthew Mejia, the company’s chief strategy and development officer. Sierra Space has developed the Dream Chaser space plane and is making...

Satellite Vu has a new CFO. Satellite Vu announced Oct. 11 that it had hired Camilla Taylor to be its new CFO ahead of its upcoming satellite launch. Previously Taylor had served as CFO at what3words, where she helped scale the company from 20 people to post Series C, and at electric mobility business Saietta...

Eutelsat has seen sharp increases in revenues in mobile connectivity and fixed broadband for the three months to the end of Sept. 30. These were two of the highlights of its first quarter results, issued Oct. 12. Revenues in Mobile Connectivity for the three months reached 25.9 million euros ($25.2 million) a 30% increase compared...

Eutelsat and OneWeb provided a strategy update on their proposed combination on Wednesday, sharing more details about 1.5 billion euros in incremental synergies and the Gen-2 OneWeb constellation, expected to enter service by early 2028.  One of the key benefits of the combined entity is to use Eutelsat’s stable revenues to underpin the CapEx for...