NSR’s Emerging Space Investment Analysis, 3^rd Edition report (ESIA3) released today, shows US$ 7.7 Billion in funding was raised in 2020 alone, bringing the total since 2000 to nearly US$ 36 Billion.

Avanti Communications Group  announced the appointment of Vikas Grover  as its new Chief Technology Officer.Grover was recently the founding Chief Information Officer at OneWeb, where he led Global Networks, IT Platforms and Security.  Grover will succeed Scott Richardson in the role, who will be leaving the company.

According to a new report published by Trends Market Research entitled, "Commercial Satellite Imaging Market by Application, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global commercial satellite imaging market was valued at US$ 2.24 Billion in 2018, and is expected to reach US$ 5,25 Billion by 2026, registering a CAGR of 11.2% from 2019 to 2026.

The Russian Satellite Communications Company (RSCC) confirms the beginning of commercial service introduction (CSI) of its Express-80 communications and broadcasting satellite. The satellite belongs to the RSCC orbital constellation at 80° E. The Express-80 flight tests were carried out in full and with positive results.

The spacecraft is intended to provide fixed and mobile services; digital TV and radio broadcasting; high-speed Internet access, as well as data transmission across the Russian Federation and abroad.

Global space business development firm TerraMetric and Euroconsult, a global consulting firm focused on space, and satellite-enabled markets, have entered into a Preferred Strategic Partnership agreement. As part of the cooperation, TerraMetric and Euroconsult will collaborate in a wide range of comprehensive capabilities.

As part of the agreement, Euroconsult's clients will benefit from TerraMetric's proven NewSpace expertise in the space technology and geospatial markets.

Kleos Space' US subsidiary; Kleos Space Inc., has appointed experienced satellite software and systems engineer Vincent "Vinny" Furia as Technical Director. In the newly created role,  Furia will report to the CTO, with responsibility for effective and efficient development and deployment of the Kleos space based systems (progressing towards a constellation of satellite clusters), ground support, analytics and data delivery.

Astra Space today announced that Giovanni Greco joined the company as Vice President of Vehicle Engineering. Greco comes from Blue Origin, where he served as Chief Engineer of the New Shepard program.

“I’ve spent my career working on all kinds of vehicles, and am excited to apply this experience at Astra to build a new generation of space services,” said Greco. “I’ll be joining a world-class team of engineers whose work will help unlock the countless benefits of connecting our planet through space.”

According to a new report published by Trends Market Research  (TMR) entitled, "Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the small satellite market accounted for revenue of $3.63 Billion in 2018 and is anticipated to generate $15.68 Billion by 2026. The market is projected to experience growth at a CAGR of 20.1% from 2019 to 2026.

Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2021 and updated its financial targets for fiscal 2021. Fiscal 2021 Second Quarter highlights include:

Speedcast has successfully completed its restructuring process and today emerged from chapter 11 bankruptcy proceedings under the ownership of Centerbridge Partners, L.P. and its affiliates. Following Centerbridge’s USD $500 million equity investment in the company, Speedcast now has a clean balance sheet with no secured debt and a healthy cash balance, optimally positioning it as a stable, long-term partner for its employees, customers and vendors according to the company.