Finance

Sidus Space reported a 1,075% increase in revenue in the first quarter of 2022, over the same time last year. The space-as-a-service satellite company attributed the growth to an increase in customers and significant growth in the size of contracts. Sidus Space, formerly Craig Technologies Aerospace Solutions, manufactures hardware supporting customers including the U.S. Department...

Spire Global grew revenue 86% in the first quarter of 2022, compared to the same time last year. The space-based data company released its financial results on May 11. First quarter 2022 revenue was $18.1 million, which topped the high end of guidance of $17.5 million. Spire said increased adoption from existing customers and new customer additions...

BlackSky Technologies nearly doubled revenue in the first quarter of 2022 compared to the same period last year. On Wednesday, the company reported record revenue of $13.9 million in the first quarter, up 91% from the prior year period. BlackSky provides geospatial intelligence and global monitoring via a constellation of 14 satellites and its software platform. ...

Maxar Technologies is pushing the first WorldView Legion launch to September after encountering a test configuration anomaly, the manufacturer and Earth observation provider announced Monday.  The highly anticipated WorldView Legion constellation will provide a boost to Maxar’s Earth observations capacity The first satellite was originally set for a September 2021 launch, but has been pushed...

Astra Space announced its first quarter 2022 financial results on May 5, reporting a GAAP net loss of $85.7 million. The launcher reported $3.9 million in revenues from launch services during the quarter: LV0008 for NASA in February, which failed; and LV0009 for Spaceflight on March 15. The cost of revenues was $11 million during...

Boeing is moving its headquarters from Chicago to Arlington, Virginia, the company announced May 5. The company plans to develop a research and technology hub in the area focused on cyber security, autonomous operations, quantum sciences, and software and systems engineering.  “We are excited to build on our foundation here in Northern Virginia. The region...

Telesat confirmed plans to downsize its Lightspeed Low-Earth Orbit (LEO) constellation from the planned 298 satellites to 188 with 10 in-orbit spares. CEO Dan Goldberg gave an update on the constellation as part of the operator’s first quarter 2022 financial results on May 6.  Goldberg previously mentioned Telesat was looking into downsizing the constellation during...

SES saw a modest increase in overall revenues in the three months to the end of March compared to the same stage last year. The operator reported its first quarter 2022 results on May 5. SES achieved revenues of 448 million euros ($472.5 million), up 12 million euros ($12.66 million) compared to the same stage...

Hughes Network Systems pushed back the launch for its anticipated Jupiter-3 satellite once more, announcing Thursday that launch is now expected in the first quarter of 2023. In the previous update, it was expected in the fourth quarter of this year. Hughes parent company EchoStar Corporation reported first quarter 2022 financials on Tuesday, including the...

Intelsat announced a refresh of part of its executive suite on Thursday, with new hires for chief financial officer, chief commercial officer, commercial aviation, and corporate communications. These changes come after Intelsat brought on former Raytheon executive David Wajsgras as CEO in March after exiting bankruptcy in February.  Anthony (Toby) O’Brien will become Intelsat CFO. He...