Finance

Space data and analytics company SatSure has acquired Philadelphia-based geospatial services company Old City Innovations in a bid to enter the U.S. market. Old City Innovations (OCI), formerly Geospoc LLC, USA, provides geospatial services in mortgage, agriculture, insurance, and drone markets in the U.S.  SatSure is based in Bengaluru, India, and provides analytics using satellite...

Ovzon, a mobile satellite communications solutions company, is preparing for the launch of its Ovzon 3 satellite, a major milestone for the company. Ovzon CEO Per Norén spoke with Via Satellite about how the satellite will “revolutionize” its Satcom-as-a-Service offering, an end-to-end managed service that combines satellite capacity with its mobile terminals. In this interview, Norén shares...

Viasat posted record revenue of $2.8 billion in its 2022 fiscal year, up 24% over the prior year. The company logged gains in each of its three business segments, with Commercial Networks and Satellite Services showing the most growth.   The operator provided its full year financial results on May 25, along with an update that...

Benchmark Space Systems is the latest U.S. space company to invest in the United Kingdom. The company announced May 24 that it had opened a manufacturing and testing facility northwest of London. It aims to build a regional team for its Starling and Halcyon propulsion systems to do business in what it sees as a...

Via Satellite’s June edition features an interview with new Eutelsat CEO Eva Berneke and personal accounts of the war in Ukraine from Ukrainian space professionals. Also in the edition, an exploration of the new age in human space travel, and how LEO operators have their sights on the in-flight connectivity market. Read online now.

Eutelsat’s new CEO Eva Berneke shares her initial observations of the satellite industry, her ambitions for Eutelsat, and what she brings from telecoms into the satellite industry to help the European operator evolve from a broadcast capacity provider into a connectivity company. In late December, Eutelsat announced Eva Berneke as its new CEO, tapping a...

AST SpaceMobile previewed the launch of its BlueWalker 3 test satellite in first quarter 2022 financial results on May 16.  The company said the satellite is “substantially complete” and has gone through more than 700 tests. AST SpaceMobile reaffirmed target launch this summer, which is subject to a number of factors, including testing completion.  BlueWalker3...

Rocket Lab more than doubled revenue in the first quarter of 2022 compared to the same time last year, driven by growth in its Space Systems segment.  On Monday, Rocket Lab reported first quarter 2022 revenue of $40.7 million, up from $18 million in the same time last year. Space Systems contributed 84% revenue, representing...

Terran Orbital reported first quarter 2022 financial results on May 13, its first financial report since going public on March 28. The small satellite manufacturer reported $13.1 million of revenues, a 25% increase from the first quarter of 2021. Backlog at the end of the quarter was a record $222 million, up 200% from December...

Eutelsat Communications reported double-digit growth in both Fixed Broadband and Mobility segment in the third quarter of 2022, which the operator said highlights “significant potential” in connectivity.  Eutelsat reported its third quarter financials for the 2021-22 fiscal year on May 12, with operating vertical revenues of 284.7 million euros ($296 million), down about 3% compared...