Ottawa, Canada, May 11, 2023 - Satellite operator Telesat (NASDAQ and TSX: TSAT), today announced its financial results for the three month period ended March 31, 2023. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted.
New York City, NY, May 2, 2023--The movie “Everything Everywhere All at Once” is not a documentary about the demands of media consumers around the globe. But it could be. The growth of streaming services throughout the last decade—accelerated by the global pandemic—has had a huge impact on the video distribution marketplace. And it’s not done yet.
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 $103.2 million for the prior-year period, representing a year-over-year increase of 8%. These results benefitted from growth in all business areas.
Odense, Denmark, March 16, 2023 - QuadSAT ApS has secured €9 million in funding. The funding round was led by IQ capital and supported by current investors, including the world's leading space tech fund, Seraphim Space, Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk.
London, UK, March 15, 2023 - Voyager Space, an American space technology company announced the acquisition of ZIN technologies Inc. (ZIN), an engineering, design and integration company providing human-related spaceflight systems and monitoring solutions. This acquisition is part of Voyager Space’s expansion of space infrastructure and technology capabilities to further its Starlab development efforts.
Petah Tikva, Israel, March 9, 2023 - Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), announced today that it has signed a definitive agreement to acquire DataPath, Inc. (DPI), which will be a core component of Gilat’s Defense growth strategy. DataPath is a provider of trusted communications for the US DoD Military and Government sectors. The acquisition is another step in Gilat’s initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the Defense sector to increase by approximately US$ 50 Million following the closing of the acquisition, accoridnign to the company.
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 focusing on the LEO and Smallsats Markets sponsored byComtech is now available. Featuring:
Plus Product and Services MarketPlace Guide to Satellite 2023, Better Satellite World series, Mergers and Acquisitions, Market Trends, Executive Moves and many more. Click here to read or download the file
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%.