Finance

L3Harris is making a strategic investment in Mynaric, investing 11.2 million euros ($11.4 million) in the business for a 7.2% share. L3Harris will acquire 409,294 new bearer shares of Mynaric...

In late April, Sky Perfect JSAT announced it is joining forces with Japanese telco NTT to form a new company called Space Compass that will launch an integrated space computing...

Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics at 65 million euros ($67 million). Kongsberg will acquire 77% of the...

The global space industry grew 4% in 2021, to $386 billion in revenue, the Satellite Industry Association (SIA) recently reported. SIA released the annual State of the Satellite Industry report...

Yahsat has appointed Sulaiman Al Ali as its new chief commercial officer, the company announced July 1. Al Ali will lead both YahClick, Yahsat’s data solutions arm, and Thuraya, its...

Aerojet Rocketdyne President and CEO Eileen Drake won her bitterly contested proxy battle with the company’s dissident executive chairman, Warren Lichtenstein, after shareholders on Thursday voted in favor of Drake...

Mark Dankberg is returning to his role as Viasat CEO, about a year and a half after shifting to executive chairman. Dankberg, who co-founded the company in 1986, will resume...

French startup Leanspace raised a 6 million euro ($6.35 million) seed round to further its mission to simplify space software. European VC firm Karista led the round, along with 42CAP....

“Your talent acquisition department better be on the offensive in this market. What you did in 2019 will not work in 2022,” says Chris Silva, talent acquisition leader for SpaceLink....

As more countries and constellation providers launch into space, the urgency for better space situation awareness and potential collision risks grows. Yet the question of whether space is really crowded...