News Analysis

Houston, Tex., February 16, 2021--Axiom Space, which is developing the world's first commercial space station, has raised US$ 130 million in Series B funding. The round was led by C5 Capital and includes TQS Advisors, Declaration Partners (the investment firm backed by David M. Rubenstein), Moelis Dynasty Investments, Washington University in St. Louis, The Venture Collective, Aidenlair Capital, Hemisphere Ventures, and Starbridge Venture Capital.

Zurich, Switzerland, February 16, 2021--RUAG International’s Space business is currently being reorganized as part of a project called Ambition 21. The reorganization is a response to a changing market environment and an unsatisfactory performance in 2020. The  focus of the reorganization is on strengthening RUAG Space’s position in Europe as a leading supplier to the space industry, on selectively expanding its subsystem offering and to further expand RUAG Space’s business in the US and globally.  

Petah Tikva, Israel – February 16, 2021 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the fourth quarter and full year ended December 31, 2020.  The company reported revenues of US$ 42.6 million versus US$ 78.3 million in Q4 2019 and improved from US$ 37.3 million in the previous quarter.

Paris, France, February 12, 2021–The Board of Directors of Eutelsat Communications (Euronext Paris: ETL), reported the financial results for the half-year ended 31 December 2020. Rodolphe Belmer Chief Executive Officer (CEO) of Eutelsat  said: “Eutelsat has produced a solid First Half performance with Operating Verticals revenues down by 2%, reflecting our resilience in the Covid-19 impacted context, and with an EBITDA margin at 76.7%, despite the costs associated with Broadband ramp-up. Free-cash flow generation at the half year stage already amply covers the dividend paid in November.”

McLean, Va., February 11, 2021–Iridium Communications Inc. (Nasdaq:IRDM)  today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was US$ 7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of US$ 107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019.

MarketBrief Report on the Communications On The Move Market sponsored by BusinessCom Networks

A summary of the key trends and satellite solutions for the Comms on the Move (COTM) market.  Featuring:

Comms On The Move Market  by Virgil Labrador

Interview with Maxim Usatov, CTO and Founder, BusinessCom Networks

To read or download the pdf of full report click here.

Listen to audio podcasts with key satellite industry executives including: Mitja Lovsin, General Manager-STN;Jack Waters, CEO-Xiplink;  Alvaro Sanchez, CEO-Integrasys;  Dan Zajicek, CEO-Spacecom; Dave Rehbehn, VP-Intnernational Division, Hughes Newtwork Systems; Krystal Dredge, Marketing Director-AvL Technologies;  Carl Novello, CTO-NXTCOMM; Alexander Mueller-Gastell, CEO-ND SatCom;  Vagan Shakhgildian, CEO-UHP Networks; David Gelerman, CEO, Spacebridge; Lou Dubin, SVP-Product Marketing, Comtech EF Data;  Bob Hansen, VP-Sales and Marketing, Terrasat; Steve Richeson, VP-Sales, Mission Microwave and Semir Hassanaly, Head of Cellular Backhaul and Trunking, ST Engineering iDirect.  Click here to listen to the podcasts.

Carlsbad, Calif., February 4, 2021--Viasat released third quarter Fiscal Year 2021 Financial results today in a letter to shareholders .  The quarterly company revenues were US$ 575.6 million versus US$ 588.2 million last year. Quarterly revenues were down 2.2% year on year (YoY) and EBITDA was up 20.6 % YoY.  The results were 6.6% above consensus.

Sydney, Australia, January 25, 2021–Speedcast International Limited (ASX:SDA) today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed Speedcast International Limited and certain of its affiliates’ Plan of Reorganization. The confirmation definitively clears the path for the company to successfully complete the Chapter 11 process after receiving final regulatory approvals and satisfying customary closing conditions, which is expected by the end of the first quarter of 2021.

Cape Canaveral, Fla., January 24, 2021--At 10:00 a.m. US EST, SpaceX 's Falcon 9 rocked successfully launched its first dedicated SmallSat Rideshare  mission from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida.On board the Falcon 9 rocket were 133 commercial and government spacecraft (including CubeSats, microsats, and orbital transfer vehicles) and 10 Starlink satellites – the most spacecraft ever deployed on a single mission.