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BlackSky posted a net income of $675,000 in the third quarter of 2023, marking the first time the company has posted a positive net income.  However, CFO Henry Dubois noted on Wednesday’s call with investors that this was primarily due to accounting treatment of the company’s warrant liability exposure. Discounting warrant gains and losses, BlackSky’s...

Lynk has initiated satellite-to-cell phone services in the Solomon Islands with its regional mobile operator partner Solomon Islands Limited (Bmobile), which is using Lynk’s “cell-towers-in-space” to connect its customers with voice and SMS telecommunications services. Lynk announced the service launch, which it calls “sat2phone,” on Tuesday. Bmobile currently operates in four provinces across the country:...

The United Arab Emirates’ flagship operator Al Yah Satellite Communications Company  (Yahsat) is enjoying its strongest fiscal year in the last five years, with both its 2023 nine-month revenue and normalized EBITDA increasing 3% year-over-year, driven by 22% growth in its Thuraya-branded L-band mobility solutions business in the first nine months compared to the same...

Earth observation data company Planet Labs released its new Forest Carbon Diligence dataset — a 10-year archive of global forest carbon, tree height, and cover readings at 30-meter resolution. The company described the archive as a “groundbreaking data product that aims to provide unprecedented insights into forest change and carbon stocks — a crucial tool...

Canadian satellite operator Telesat maintained its full-year 2023 revenue guidance in its 2023 third fiscal quarter (Q3) results, as it hopes to keep losses at a minimum in the ramp up the launch of its long-awaited Lightspeed constellation. In its results issued on Monday, Telesat reported consolidated revenue of $175 million (all figures in Canadian...

Satellite operator EchoStar, parent company of Hughes Network Systems, reported a tough 2023 fiscal third quarter (Q3), which included a 17% year-over-year decrease in consolidated revenue and a loss of 165,000 Hughes broadband subscribers. Echostar’s Q3 consolidated revenue dropped to $413.1 million, with the decrease driven by lower service revenues and fewer broadband customers. Equipment...

U.S. space-as-a-service company Momentus secured a contract with Spanish space and science equipment company AVS for transportation and orbital delivery services in 2024. Under the contract, Momentus will integrate AVS’ LUR-1 microsatellite payload with SpaceX‘s Transporter-11 mission scheduled for launch in the Summer of 2024. LUR-1 is a mix of an in-orbit demonstration and commercial...

Planet has completed ground tests for its work as a subcontractor on the NASA Communications Services Project (CSP), the company announced Friday. Planet is a subcontractor for SES Space & Defense and Telesat Government Solutions. Planet and SES Space & Defense conducted the first ground demonstration in late August from a user terminal in Mountain...

The Senate passed a bill this week to reduce space debris called the Orbits Act. The bill would establish a program to demonstrate debris removal and require orbital debris standard practices.  A bipartisan group of Senators — Democrats Maria Cantwell and John Hickenlooper, Republicans Cynthia Lummis and Roger Wicker and Independent Kyrsten Sinema, introduced the...

Globalstar increased its overall 2023 guidance on Thursday after reporting 53% year-over-year growth in the third quarter. Globalstar raised the low end of its guidance for the second time this year, after raising it in Q2. The company now expects 2023 total revenue to range between $215 and $230 million. Original guidance was between $185...