Finance

Rocket Lab reported a record $93 million in revenue in the first quarter of 2024 — a 69% year-over-year revenue increase. The launch and space systems company  released its Q1 2024 financials on May 6, along with the update that the first launch of its next-generation Neutron rocket will slip to mid-2025 at the earliest. ...

In this new Content Collection, Via Satellite takes a close look at the SES acquisition of Intelsat. Our depth of coverage shows the full background of the deal — how both operators have evolved their businesses in recent years, and how executives have long been hinting at the value of consolidation.

Eutelsat Communications is considering selling its network of satellite ground stations, the company confirmed on May 6.  Eutelsat issued a press release on Monday after Bloomberg broke the news on May 3. According to Bloomberg, the ground network is worth more than 800 million euros ($850 million).  Eutelsat confirmed it is “analyzing options to partner...

Anuvu is streamlining as it looks to focus on its core markets of in-flight connectivity (IFC), and in-flight and maritime entertainment. The company sold its maritime, energy, and government connectivity business operations to FMC GlobalSat. The deal includes all customers, employees and key operations, and marks a strategic move for both entities to strengthen their...

Lockheed Martin has pulled back on its offer to acquire Terran Orbital, the company disclosed in filings to the Securities and Exchange Commission on May 2. According to the filing, Lockheed Martin withdrew its offer to acquire Terran Orbital for $1 per share on April 30. Lockheed made the bid in early March.  In response to...

Though it long had been the subject of rumors, SES‘s agreement to finally acquire Intelsat still sent shockwaves through the satellite industry as the result will see the merge of two iconic global operators. Via Satellite spoke to a number of analysts to analyze the deal from the strength of the operators’ multi-orbit assets, to...

SES and Intelsat closed the chapter on the will they/won’t they story, with news on Tuesday that SES will acquire Intelsat for $3.1 billion. It is a massive piece of industry consolidation, bringing together two of the largest satellite operators for a combined company with around $4 billion in revenue, more than 100 satellites in...

The anticipated merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite operator, is now close to completion. The shareholders of both companies approved the proposed merger of the two Abu Dhabi-headquartered entities to create Space42, a global AI-powered space technology company. Yahsat announced the combined shareholder approval on April 25....

Space & Airborne Systems and Communication Systems led growth at L3Harris in the first quarter of 2024, contributing to a 17% year-over-year revenue increase.  L3Harris reported Q1 results on Friday. Company-wide, revenue in the first quarter was $5.2 billion, up 17% with up 5% organically. The revenue increase was primarily from the Aerojet Rocketdyne acquisition,...

Northrop Grumman’s Space segment posted $3.7 billion in sales in the first quarter of 2024, a 9% increase from the same period last year. Northrop Grumman reported Q1 financials on Thursday.  Space posted the most revenue of the company’s four segments, but Aeronautics posted the most growth, at 18% year-over-year. Company-wide, Northrop Grumman reported $10.1...