Finance

While L3Harris logged a dip in revenues in the second quarter of 2022, citing supply-chain constraints, the company also reported a $53 million increase in Space revenue. Overall, L3Harris revenue declined 11% in the second quarter, compared to the same time last year. The company reported $4.7 billion in revenue.  L3Harris is maintaining its 2022...

Northrop Grumman’s Space business continued to grow in the second quarter of 2022, despite an overall dip in sales. Space Systems logged about $3 billion in sales in the second quarter, up 8% compared to the same time last year, while the company overall reported lower sales.  Northrop Grumman reported second quarter financial results on...

Revenues at Boeing Defense, Space & Security fell 10% in the second quarter of 2022, and the segment recorded a $93 million charge on the Commercial Crew program for NASA.  The Commercial Crew charge was due to launch manifest updates and additional costs associated with the second Starliner crew vehicle test completed in May.  The...

Iridium Communications grew income in the second quarter of 2022 by 17% compared to the same time period last year, boosting commercial and government service revenue, along with subscriber equipment sales. The company increased 2022 guidance, and CEO Matt Desch said 2022 is set to be a “blockbuster year” for the company.  Revenue in the...

Eutelsat and OneWeb have reached an agreement to combine, bringing together satellite assets in Geostationary Orbit (GEO) and Low-Earth Orbit (LEO) for multi-orbit service. The companies announced the news early Tuesday, a day after sharing that talks were underway. Analysts told Via Satellite that they agreed with leaders from both companies that Eutelsat’s generative CapEx could...

Satellite intelligence startup Astraea raised a $6.5 million Series A round led by Aligned Climate Capital and Carbon Drawdown Collective to commercialize its geospatial platform focused on climate change.  Astraea’s software platform, EarthAI uses geospatial data from more than 1,000 satellites, along with AI to provide insights in clean energy, agriculture, conservation, carbon finance, and...

Update: Eutelsat and OneWeb announced early Tuesday that they have signed an MoU to combine Eutelsat and OneWeb in an all-share transaction. Under the deal, Eutelsat shareholders and OneWeb shareholders would each hold 50% of the Eutelsat shares. Read the latest from Via Satellite. On Monday, French satellite company Eutelsat announced it was in talks...

Today, people who want to get data from space have more options than ever before. They can buy the data from a space company. They could start their own space company — either through building capabilities in-house, or using partners throughout the value chain, like satellite manufacturers, ground segment providers, and rideshare companies. It’s like...

The global startup space industry is thriving. Startup space ventures brought in a record $15 billion in financing in 2021, and seed investments in startups rose by 46 percent, according to BryceTech’s annual Startup Space report. Activity is happening all around the globe, as established space powers continue to progress and other countries invest in their...

Spire Global is ramping up focus on Australia and New Zealand with two new executive hires and plans to open an office in Melbourne, the company announced the week of July 21. Spire hired Dr. Elizabeth Wylie as head of Business Development and Seyed Miri as director of Space Services for Australia and New Zealand.  Wylie...