Finance

SES has secured a 3 billion euro ($3.2 billion) financing package to fund the Intelsat acquisition, the company announced on June 19.  Before the deal was announced, Deutsche Bank AG and Morgan Stanley had jointly underwritten a $3.2 billion bridge facility to support SES’s financing requirements. SES reported the bridge facility has been successfully syndicated...

German launcher in development Isar Aerospace raised a more than 65 million euro ($69 million) extension to its Series C funding round, with backing from the NATO Innovation Fund.  This follows after Isar closed a $165 million Series C round in March 2023. Isar Aerospace has now raised more than 400 million euros ($428 million)....

Comtech completed a refinancing and secured a new $222 million credit facility, the company announced Tuesday along with its third quarter financial results.  The credit facility is a new $60 million revolver and a $162 million term loan that matures in 2028. This replaces a previous $180.5 million credit facility that was set to mature...

Gilat Satellite Networks is acquiring Stellar Blu for the company’s in-flight connectivity terminals. Gilat announced the deal on Monday, and will pay $98 million cash for the business and up $147 million more for post-closing financial goals, for an overall $245 million deal.  Stellar Blu has developed the Sidewinder electronically steered array (ESA) terminal for...

Satellite developer and manufacturer Apex on Wednesday said it has closed a $95 million funding round that will allow it to begin to scale production and expand its suite of standardized and configurable spacecraft buses that it eventually expects to deliver within weeks of an order. Demand is strong and the customer base is growing, the product...

Japanese telco NTT DoCoMo, Mizuho Bank (the Development Bank of Japan), and Space Compass Corporation announced Monday that they have partnered on a $100 million investment in Airbus subsidiary AALTO HAPS (AALTO), the manufacturer and operator of the stratospheric, solar-powered Zephyr High Altitude Platform Station (HAPS). This investment marks the beginning of a strategic alliance to...

Nara Space Technology has completed a $14.5 million Series B funding round. The South Korean start-up, which specializes in small satellite manufacturing and data analytics, has now raised approximately $24.3 million following earlier pre-Series A and Series A rounds. The latest funding round saw participation from three new investors: Samsung Securities, Shinhan Venture Investment, and...

Viasat posted record revenue for fiscal year 2024, its first year including Inmarsat’s contribution, post-acquisition. But the company’s stock dipped 16% on Wednesday as Viasat projected flat revenue in the coming year due to competition in the broadband market and delays with aircraft connectivity installations.  The satellite operator delivered record revenue of $4.3 billion in...

AT&T formalized its work with AST SpaceMobile with a new commercial agreement announced Wednesday. Under the agreement, AST SpaceMobile will provide space-based cellular broadband to AT&T’s customers through a revenue share model through 2030.  AST SpaceMobile stock price was up 68% on Thursday after the announcement. The company also released its first quarter 2024 results...

Revenue at Spire Global fell below expectations in the first quarter of 2024, impacted by increased solar activity, U.S. government order delays, and a propulsion unit performance. Spire reported Q1 results on May 15, lowering its 2024 guidance while affirming the company is on track to reach positive free cash flow this summer. The company...