Top Stories for the week of May 10, 2024

Finance | May 6, 2024
Eutelsat Considers Selling its Ground Network 
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……[continued]
Connectivity | May 9, 2024
Starlink On Track to Hit $6.6B in Revenue This Year, Quilty Report Estimates
SpaceX’s Starlink business is on track to hit $6.6 billion in revenue and post its first free cash flow positive year in 2024, Quilty Space…...[continued]
Finance | May 8, 2024
EchoStar Continues to Shed Subscribers Amid Cash Crunch, Analyst Predicts Bankruptcy
EchoStar Corporation reported an 8.5% revenue decline in the first quarter of 2024 compared to the prior year, with subscriber declines in pay-TV, retail wireless,…...[continued]
Finance | May 2, 2024
Breaking Down the SES/Intelsat Deal: Analysts Review Multi-Orbit Assets and Competitive Effects
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…...[continued]
Technology | May 6, 2024
Portal Space Systems, Led by former SpaceX Propulsion VP, Targets In-Space Maneuverability 
New startup Portal Space Systems, led by SpaceX’s former vice president of propulsion Jeff Thornburg, emerged from stealth mode last week with plans to build…...[continued]
Finance | April 30, 2024
SES Explains the Strategy Behind its Long-Anticipated Acquisition of Intelsat
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…...[continued]
Finance | May 3, 2024
Lockheed Martin Withdraws its Bid to Acquire Terran Orbital
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…...[continued]
Podcast | May 6, 2024
Building Deep Space Satellite Connectivity Networks
Connectivity is the cornerstone of today's global economy and it will certainly be the case for the Future Space Economy, with even more complex, data-centric…...[continued]
Connectivity | May 3, 2024
Anuvu Sells Maritime, Energy, and Government Connectivity Business to FMC GlobalSAT
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…...[continued]
Government/Military | May 7, 2024
CesiumAstro, Mynaric, Redwire Space, and Others Selected for Rocket Lab SDA Subcontracts
Rocket Lab selected its subcontractors for its work for the Space Development Agency (SDA), announcing deals with CesiumAstro, Mynaric, SEAKR Engineering, Collins Aerospace, Redwire Space,…...[continued]
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