Finance

Lockheed Martin on Tuesday posted declines in its top and bottom lines in the first quarter due to program transitions and supply chain and operations challenges related to COVID-19. COVID impacts...

Iridium Communications reported 15% revenue growth in the first quarter of 2022, compared to the first quarter of 2021. The satellite operator on Tuesday reported Q1 total revenue of $168.2...

Employment in the United Kingdom space industry grew nearly 7% between 2019 and 2020, according to a new industry report released Thursday. Consulting firm BryceTech compiled the survey, the “Size...

Former Inmarsat CEO Rupert Pearce is joining energy service company Highview Power as CEO, the company announced Monday.  Pearce led Inmarsat for nearly a decade before his departure in early...

Satellite industry veteran Yoel Gat died on April 8, SatixFy Communications announced Sunday. Gat was a 40-year veteran of the satellite industry and co-founded Gilat Satellite Networks, RaySat, and SatixFy....

SES continued to fortify its cloud strategy with the signing of a new dedicated connectivity deal with one of the world’s biggest IT companies, Oracle. The contract, which SES announced...

Investors gave a staggering $15 billion in total financing to startup space companies in 2021, according to a report published Wednesday by BryceTech. This nearly doubles the previous record of...

Two dozen executives from the space industry’s largest companies signed an Aerospace Corp.-drafted industry pledge Tuesday morning to increase workforce diversity, report annual data on diversity in senior leadership roles,...

Virgin Orbit’s revenue was up in 2021, but the company’s net loss increased as well. The smallsat launcher released its first-ever, full year financial results on March 29, after becoming...

Earth imaging startup Pixxel has raised $25 million in a Series A funding round led by Radical Ventures. Pixxel announced the funding on Monday and said it will expedite production...