News Analysis

Iridium Announces First Quarter 2023 Results

McLean, Va. April 20, 2023 - Iridium Communications Inc. (Nasdaq:IRDM) (“Iridium”) today reported financial results for the first quarter of 2023 and reiterated its full-year 2023 outlook. Net income was US$ 9.8 million, or $0.08 per diluted share, for the first quarter of 2023, as compared to net income of $2.8 million, or $0.02 per diluted share, for the first quarter of 2022. Operational EBITDA (“OEBITDA”)(1) for the first quarter was $111.9 million, as compared to $103.2 million for the prior-year period, representing a year-over-year increase of 8%. These results benefitted from growth in all business areas.

The April 2023 issue of the Satellite Executive Briefing magazine

The April 2023 issue of the Satellite Executive Briefing magazine focusing on the Broadcasting Market for Satellites is now available Featuring:

The Future of Satellite Broadcasting by Thomas Wrede

Key Takeaways from  Satellite 2023  by Elisabeth Tweedie

Satellite IoT and the Rise of LPGAN by Hub Urlings

Hello Cabsat!:GVF @SateExpo Summit by Martin Jarrold

Teleport Awards 2023: Where Good Jokes Go to Die…by Lou Zacharilla

Plus  Mergers and Acquisitions, Market Trends, Executive Moves, Vital Stats and many more.   Click here to read or download the file

QuadSAT Secures €9 Million Funding to Scale Up Operations and Expand Product Range

Odense, Denmark, March 16, 2023 - QuadSAT ApS has secured €9 million in funding.  The funding round was led by IQ capital and supported by current investors, including the world's leading space tech fund, Seraphim Space, Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk.

Voyager Space Acquires ZIN Technologies

London, UK, March 15, 2023 - Voyager Space, an American space technology company announced the acquisition of ZIN technologies Inc. (ZIN), an engineering, design and integration company providing human-related spaceflight systems and monitoring solutions. This acquisition is part of Voyager Space’s expansion of space infrastructure and technology capabilities to further its Starlab development efforts. 

Gilat Signs Definitive Agreement to Acquire DataPath

Petah Tikva, Israel, March 9, 2023 - Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), announced today that it has signed a definitive agreement to acquire DataPath, Inc. (DPI), which will be a core component of Gilat’s Defense growth strategy. DataPath is a provider of trusted communications for the US DoD Military and Government sectors. The acquisition is another step in Gilat’s initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the Defense sector to increase by approximately US$ 50 Million following the closing of the acquisition, accoridnign to the company.

The Digital Divide is Widening according to the ITU

Geneva, March 6, 2023-The digital connectivity divide separating the globe's least developed countries (LDCs) from the world as a whole shows no sign of narrowing. In fact, it is widening on key factors, according to ITU's Facts and Figures: Focus on Least Developed Countries. 

The March 2023 issue of the Satellite Executive Briefing magazine

The March 2023 issue of the Satellite Executive Briefing magazine focusing on the LEO and Smallsats Markets sponsored by Comtech is now available Featuring:

The LEO Satellite Market by Elisabeth Tweedie

Trends in the Small/Medium Satellite Launch Market by Bernardo Schneiderman

TECHBrief: Capacity Management and ITU Filing Made Easy by Alvaro Sanchez

The Business of Space  by Martin Jarrold

Plus Product and Services MarketPlace Guide to Satellite 2023, Better Satellite World seriesMergers and Acquisitions, Market Trends, Executive Moves and many more.   Click here to read or download the file

The Small/Medium Satellite Launch Vehicle Market

by Bernardo Schneiderman

Los Angeles, Calif., March 1, 2023--The use of small and medium satellites for applications such as remote sensing, observation, communication, and space exploration is expected to drive the growth of the Satellite Launch Vehicle market (SLVM) during the next decade.
Analytics firm BryceTech which issues a quartely update on the launch market, reported that in the 4th quarter of 2022, Smallsats represented 89% of spacecraft launched 39% of total upmass (see graph).  The number of satellites launched by application are the following: communications 80%, Remote Sensing 10%, Technology Development 7%, Scientific 1% and others 1%.

The LEO Satellites Market

by Elisabeth Tweedie
 
Los Angeles, Calif., March 1, 2023--Given the media attention that it gets, you could be forgiven for thinking that Starlink is the only game in town, when it comes to low earth orbit (LEO) constellations for communications.  Nothing could be further from the truth.  There are many others, some of which remain on the drawing board and others that have at least got as far as flying demo satellites.

Ovzon Reports Record quarter and eventful start to 2023

Solna, Sweden, February 21, 2023--Ovzon reports record quarter and eventful start to 2023. Highlights of the results include: