Americas Markets - Latest Developments
Satellite operator Telesat (NASDAQ and TSX: TSAT) today announced its financial results for the three and twelve-month periods ended December 31, 2024. For the year ended December 31, 2024, Telesat had a net loss of CDN$ 302 million compared to net income of CDN$ 583 million for the prior year. The negative variation of $886 million was principally due to the impact of shifts in foreign exchange rates on the Canadian dollar value of our U.S. dollar denominated debt, the recognition of C-band proceeds in 2023, higher impairment charges on our orbital slots and certain satellites, and reduced revenue.
C-COM Satellite Systems Inc., (TSXV: CMI and OTCQB: CYSNF), a provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for its fiscal year ended November 30, 2024. The Company generated revenues of CDN$ 7,886,850, down 5% compared to 2023’s revenues of CDN$ 8,294,957.
Increasing incidents of interference with aviation, maritime and other satellite telecommunications services mean states must urgently enhance the protection of a critical radio-frequency band, the International Civil Aviation Organization (ICAO), International Telecommunication Union (ITU) and International Maritime Organization (IMO) said with “grave concern" in a joint statement.
The 2025 SATELLITE Conference & Exhibition united the global satellite and space community and welcomed the debut of GovMilSpace from March 10-13, 2025, in Washington, D.C. This year, SATELLITE Week drew 14,904 attendees and a show record 473 exhibitors to the Walter E. Washington Convention Center, and with 280 speakers on the agenda, the show provided valuable days to learn, network, and discover the newest innovations shaping the future of the space sector.
On April 2nd 2025, Intersputnik International Organization of Satellite Communications in partnership with Satellite Market and Research, a California-based publishing firm and online portal specializing in the global satellite industry, will hold an international online conference NatSatTel 2025 focusing on the theme of “Key Trends and Opportunities in the Global Satellite Industry”.
The NAB Broadcast Engineering and IT (BEIT) Conference, part of NAB Show taking place April 5-9 (Exhibits April 6-9) in Las Vegas, Nevada, is blasting off with a keynote session that’s literally out of this world! Conference attendees will engage in a live 4K UHD conversation with NASA astronauts aboard the International Space Station, showcasing new live UHD switching and routing capability at the agency’s Johnson Space Center in Houston.
The March 2025 issue of the Satellite Executive Briefing is now available. Featuring:
Key Satellite Technologies to Watch by Bruce Elbert
Ad Astra to the Quiet Man by Lou Zacharilla
Company Spotlight: Spacebridge
PTC 2025 Highlight Key Issues for the Satellite Industry
Better Satellite World: Satelltie and the Art of War
Plus Mergers and Acquisitions, Market Trends, Executive Moves, Vital Stats and many more. Click here to read or download the file
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported financial results for its second quarter ended January 31, 2025. the company reported an operating loss of US$ 10.3 million, net loss of US$ 48.7 million and Adjusted EBITDA (a Non-GAAP measure) of US $2.9 million
LaunchRocket Lab USA, Inc. (Nasdaq: RKLB) (today announced it has entered into a non-binding term sheet with certain lenders to acquire, subject to receipt of certain governmental approvals, a controlling equity position in Mynaric AG, a provider of laser optical communications terminals for air, space, and mobile applications. The transaction is expected to close following the completion of Mynaric’s previously announced and pending StaRUG restructuring proceedings under German law, the completion of which would result in certain outstanding debt held by the lenders converting into 100% of the equity of Mynaric subject to receipt of applicable regulatory approvals.
Intersputnik became a silver sponsor of the Global Youth Summit 2025 (GYS-25), one of the most important events of the International Telecommunication Union (ITU) aiming to increase the role and image of young employees in the ICT industry.