Finance

Weather intelligence company Tomorrow.io’s SPAC merger is off. Tomorrow.io and special purpose acquisition company (SPAC) Pine Technology Acquisition Corp. announced Monday that they have agreed to terminate their merger agreement...

Intelsat has named former Raytheon executive David Wajsgras as its next CEO, effective April 4. Wajsgras succeeds CEO Stephen Spengler, who was with the company for 18 years, and previously...

British Earth observation (EO) startup Satellite Vu has closed the second round of its Series A, bringing total funding to 20 million pounds ($26 million). Seraphim Space Investment Trust Plc,...

Canadian space companies including Telesat, SpaceBridge, and MDA are launching a new industry group for the national space industry called Space Canada. The group said Thursday it will offer a...

CesiumAstro closed a $60 million Series B funding round, co-led by Airbus Ventures and Forever Ventures. The round, announced Wednesday, brings CesiumAstro’s total funding raised to nearly $90 million.  The...

The private equity firm AE Industrial Partners (AEI) on Thursday said it has agreed to acquire a “significant stake” in Firefly Aerospace, a deal that would add to its portfolio in the space...

Hughes Network Systems revenue grew 5% in 2021 to a record $1.96 million, despite a decrease in broadband subscribers. Hughes’ financials were released as part of parent company EchoStar Corporation’s...

Intelsat has emerged from a long Chapter 11 process as a private company. Its plan of reorganization, confirmed in court in December, reduced the company’s debt by more than half,...

SES saw profits increase for 2021, but overall revenue fell to 1.78 billion euros ($2.02 billion), 2.9% down compared to 2020. SES achieved a net profit of 323 million euros...

EchoStar Corporation has appointed Hamid Akhavan as the company’s next CEO and president. EchoStar announced Wednesday that Akhavan will succeed CEO and President Michael Dugan, who will be retiring at...