Finance

Earth imaging startup Pixxel has raised $25 million in a Series A funding round led by Radical Ventures. Pixxel announced the funding on Monday and said it will expedite production of its hyperspectral satellite constellation.  Relativity Space co-founder Jordan Noone participated in the round as well, along with Seraphim Space Investment Trust Plc, Lightspeed Partners,...

Boeing on Monday said that Leanne Caret, president and CEO of the company’s $26 billion Defense, Space and Security business, will retire later this year and be succeed by Ted Colbert, who runs Boeing’s services segment, effective April 1. Colbert will be succeeded as president and CEO of the $16 billion Boeing Global Services (BGS)...

Synspective, a Japanese synthetic aperture radar (SAR) satellite data and solutions provider, has raised another $100 million in financing. The company announced the Series B funding round on March 29. Sompo Japan Insurance, Nomura SPARX Investment, and Pavilion Capital participated in the round, among others. The company has now raised around $200 million in financing...

When Via Satellite spoke to Greg Wyler in 2020, I asked if this was it for him and the space industry, that after O3B and OneWeb, he would follow a different path in the future. He said at the time, “I would not make a definite statement related to my space-based activities. Time will tell. I wouldn’t say...

Terran Orbital completed its SPAC merger and began trading on the New York Stock Exchange on Monday.  This completes the special purpose acquisition (SPAC) merger with Tailwind Two Acquisition Corp. that Terran Orbital announced in October. Tailwind Two Acquisition Corp. shareholders approved the transaction on March 25. The small satellite manufacturer will receive $255.4 million...

Space situational awareness startup Neuraspace has raised 2.5 million euros ($2.75 million) from Armilar Venture Partners. Armilar invested in Neuraspace through its TechTransfer Fund, a venture capital fund that aims to invest in startups that strive to commercialize R&D outputs. Neuraspace, a Portuguese company, announced the funding on March 24.  Neuraspace is developing an AI-powered...

Spanish satellite operator Hispasat has reached an agreement to acquire AXESS Networks, a teleport operator and satellite services provider with a presence in Latin America, Europe, the Middle East and Africa. The deal, announced Monday, values AXESS Networks at $96 million. The deal is subject to regulatory approval.  Hispasat said the acquisition will improve its...

The 2020s have ushered in global challenges that in many ways eclipsed those of the previous decade — yet for the space industry, the opportunities, too, have also been unprecedented, between the commercialization of Low-Earth Orbit (LEO) and exploratory missions to Mars. Throughout Tuesday’s opening general session, “A Defining Era for the Satellite Industry” at...

Euroconsult projects that satellites in Non-Geostationary Orbit (NGSO) will make up 90% of in-orbit capacity in 2026, a complete reversal of the situation from as recently as late 2020. The global high throughput satellite (HTS) capacity supply is expected to grow more than six times from 2021 to 2026, topping 60,000 Gbps of capacity, according...

Envistacom is divesting its technology development business unit, the Advanced Technologies Group (ATG), as a standalone business, the company announced Wednesday. The company’s official name will be Apothym Technologies Group, LLC, but it will continue to be known as ATG. Envistacom formed the Advanced Technologies business unit three years ago to develop a transport virtualization...