Stories about space companies’ finances, including earnings reports and M&A news.
SES, a satellite telecommunications network provider from Luxembourg, reported Q1 financial results above market expectations on Thursday. Overall financials: SES’s next system: The company expects to begin commercial service in Q3 of its O3b mPOWER system, a communication satellite network that will serve customers such as Microsoft and Orange. SES launched two O3b mPOWER satellites […]
Airbus reported €11.8B ($13B) in 1Q revenue yesterday, but the company’s defense and space division saw a 21.5% drop in net order intake. The overall numbers: • Free cash flow = €-900M (-$1B) • Revenue = €11.8B ($13B), a slight decrease from last year’s €12B • EBIT Adjusted = €800M ($885M) Breaking out defense & […]
Kratos ($KTOS) is going all-in on space services after growing investment in the division drove strong overall sales growth, the company revealed Wednesday in its Q1 financial results. Overall financials: Breaking out space, satellite and cyber: In the first quarter, Kratos spent $10.2M on R&D, including significant investment in its growing OpenSpace software. OpenSpace is […]
A slew of prime space companies announced Q1 earnings this week and overall performance was in the green. With increased defense spending and no end in sight for the conflict in Ukraine, companies saw an uptick in space and defense revenue. Northrop Grumman: Northrop’s space systems division saw the biggest year on year revenue increase […]
Boeing reported a first quarter loss of $1.27 per share on Wednesday, marking the company’s seventh straight quarter in the red, though this quarter was better than last. Boeing attributed this to 737 MAX production issues, but still announced a plan to increase production from 31 to 38 planes per month. The company did see […]
Astroscale, a Japanese startup designing orbital debris removal and on-orbit servicing technology, announced two debt raises totaling about $44M this week to ensure it has cash on hand in today’s challenging economic conditions. On Tuesday, the company announced that it entered into a loan agreement for ¥3B (~$22M) with Mizuho Bank. Yesterday, Astroscale announced a […]
Shares of Japanese startup ispace closed at 1201 yen a pop on Thursday, up 373% on the day. The surge comes just one day after ispace made its Tokyo Stock Exchange Growth Market debut. Ispace IPO: Shares were listed at 254 yen each during the IPO, originally valuing the company at 20B yen ($150M), according […]
Astra reported significant financial setbacks in FY22, but brought in $9.4M in revenue. The launch company’s engine sales drove income as Rocket 4 nears launch test readiness. Astra’s Q4, by the numbers: Times of trouble: It’s been a tough year for Astra. Last week, the company outlined a plan to prevent Nasdaq from delisting its […]
Planet ($PL) saw $191.3M in full year revenue, a 46% jump from last year, the company revealed Wednesday. This comes in at the top end of its previous projection of $188M to $192M. Planet’s Q4, by the numbers: The company expects revenue to grow 35% this year, in the range of $248M to $268M. An […]
In a story that nearly writes itself, a Texas investor is swooping in to save a troubled rocket company just as it was teetering on the brink of bankruptcy. Dallas-based VC Matthew Brown is set to invest $200M into Virgin Orbit ($VORB), a source told Payload. The news was first reported by Reuters on Wednesday. […]
Terran Orbital ($LLAP) saw sales triple in Q4 compared to the prior year, the company revealed Tuesday in fourth-quarter and full-year 2022 financial results. Terran Orbital’s Q4, by the numbers: Terran generated 2022 sales of $94.2M, driven by a record 19 satellite deliveries (10 were SDA/Lockheed birds). Rivada contract: Last month, Terran won the monster […]
Satellogic is launching a new Space Systems product, the publicly traded satellite operator ($SATL) announced last week. With Space Systems, Satellogic says countries or companies can buy and fly their own EO satellite “with submeter resolution, proven performance, and custom mission options.” In other words, the product represents a space-as-a-service offering for those who have […]
