Finance

The pandemic’s effect on the mobility market affected Telesat’s first quarter results as it moves forward with plans for its Lightspeed constellation.  On Friday, Telesat reported $190 million Canadian dollars...

Momentus has received a draft National Security Agreement (NSA) from the U.S. government that is a step toward approvals the company needs to go public in the U.S.  The company...

Mynaric has appointed industry veteran Tim Deaver as its new vice president of Strategic Solutions. The company announced the appointment May 14. Deaver had previously been director of National Security...

SoftBank is slowing rebuilding its position with OneWeb by entering into a new cooperative agreement to combine the Low-Earth Orbit (LEO) constellation operator’s services with SoftBank’s Digital Transformation (DX) platform....

Momentus special purpose acquisition company (SPAC) merger has received an extension to its closing date. Shareholders of the SPAC, Stable Road Acquisition Corp., voted to approve extending the business combination...

Tyvak Nano-Satellite Systems has named retired U.S. Navy Rear Adm. Christian “Boris” Becker as its new CEO. Tyvak is a Terran Orbital company that manufactures nanosatellite platforms.  Becker most recently...

Eutelsat Communications pushed back the launch of its EUTELSAT QUANTUM satellite to the third quarter of the 2021 calendar year. This is the second time the operator rescheduled the QUANTUM...

Voyager Space Holdings has completed its acquisition of a majority stake in X.O. Markets and its largest subsidiary Nanoracks, the company announced May 10. The deal was first announced in...

Mobile satellite and IoT service provider Globalstar reported some small signs of recovery from COVID-19 during its first fiscal quarter of 2021 (Q121), particularly with commercial IoT equipment sales revenues...

Hughes Network Systems saw a 3.8% revenue increase in the first quarter of 2021, despite a dip in subscribers. During quarterly reports for parent company EchoStar Corporation, Hughes also provided...