Finance

Italian space logistics company D-Orbit is expanding to the U.S., establishing D-Orbit USA. D-Orbit announced the company on Wednesday, a  joint venture led by CEO Mike Cassidy, along with Mark Krebs, Miles Gazic, Danny Field, and David Harrower. D-Orbit USA is a joint venture with D-Orbit and based in Boulder, Colorado. The D-Orbit USA team will...

Defense tech private equity firm AE Industrial Partners has closed its third flagship private equity firm with $1.28 billion in capital commitments. AE Industrial Partners announced the fund, Fund III, on Tuesday.  AEI has already deployed more than a quarter of Fund III into five platforms and three add-on investments including smallsat manufacturer York Space...

Planet Labs is going through another round of layoffs and will lay off approximately 180 employees, about 17% of its workforce. The company disclosed the layoffs in filings to the Securities and Exchange Commission on June 26.  Planet said the layoffs are due to “aligning the company’s resources to the market opportunity, improving operational efficiency,...

After years of the satellite industry’s top brass making the case for consolidation, those dreams are finally playing out across the top operators. While Viasat was the first to take the leap with its Inmarsat bid, much of the industry has since followed suit. When the acquisition closed last summer, the Carlsbad, California-based business was preparing...

LiveEO has raised 25 million euros ($27 million) in a Series B funding round led by NordicNinja and DeepTech & Climate Fonds (DTCF). The Berlin-based company said the investment will accelerate the development of its solutions that turn satellite data into actionable insights.  Investor NordicNinja is the largest Japanese-backed VC in Europe and it is...

Paris-based space startup Skynopy has raised $3.1 million to simplify operations for satellites in Low-Earth Orbit (LEO). The company, which was founded in October 2023, has a pool of investors, including the pan-European fund Heartcore Capital, Kima Ventures, Better Angle, and BPI France, alongside well-known entrepreneurs like Thibaud Elziere (e-founders, Hexa) and Yohann Leroy, CEO of Maia Space. Skynopy announced the funding, June 24....

Airbus is recording charges of around 0.9 billion euros ($1 billion), on some of its telecommunications, navigation and observation space programs in the first half of 2024, the company announced Monday.  The Space Systems management team conducted a technical review of all programs in the first half of this year and found further commercial and...

Terran Orbital must raise its share price again to maintain its listing on the New York Stock Exchange. The company said in a news release on Friday that it received notice from the NYSE that it is not in compliance with NYSE rules after its stock has traded below $1 per share for a month. ...

Synspective has secured another 7 billion yen ($44.1 million) in a Series C funding round. The Japanese synthetic aperture radar (SAR) satellite data and analytics solutions provider, will use the money to accelerate its global business expansion. The company announced the financing, June 20. The latest round of funding was led by Japan Growth Capital...

CesiumAstro raised a $65 million Series B+ funding round, the Austin-based satellite tech company announced this week. Trousdale Ventures led the round with backing from Development Bank of Japan and Quanta Computer.  Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures, Matter Venture Partners, MESH Ventures, and Assembly Ventures, also joined the round.  The company previously...