Finance

Planet Labs closed out its third quarter of fiscal year 2023 with $49.7 million in revenue, up 57% year-over-year. Planet, which sells satellite imagery and geospatial solutions, is in its...

NewSpace Capital closed its first space-focused growth fund at 105 million euros ($111.8 million) and is investing 15 million euros ($16 million) in Cailabs, the company announced Dec. 15. NewSpace...

Arqit Quantum is canceling its plans to build quantum satellites, announcing Wednesday its software technology has progressed and it no longer needed its own in-space assets. Arqit, based in the...

Prime Movers Lab is investing $15 million into Quantum Space (Quantum), the two companies announced Dec. 13. The investment enables Quantum to begin expanding QuantumNet, a cornerstone project aimed to...

Euroconsult estimates that more than 2,500 satellites will be launched on average every year between now and 2031, driven by commercial constellations. The consulting firm released its flagship report, Satellites...

SES Government Solutions has a new name. SES has revealed that it is changing the name to SES Space & Defense, a change in which it says reflects a new...

Sidus Space is planning to expand to Europe by opening a new office in the Netherlands, the company announced Thursday. The company plans to expand its reach in the European...

Slingshot Aerospace raised $40.85 million in an oversubscribed Series A2 funding round announced Tuesday, to grow and commercialize its space situational awareness capabilities.  CEO and co-founder Melanie Stricklan sees the...

Defense Secretary Lloyd Austin on Dec. 1 established a new U.S. Department of Defense office charged with helping companies that are developing technologies critical to national security partner with private...

Mangata Networks is to create a new space engineering, manufacturing, and operations hub in Scotland, the company announced Dec. 6. The company said it will create 575 new jobs in...