Author: starpathwp-production
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Globalstar Grows Commercial IoT Subscribers in Q1 2024
Globalstar reported $56.5 million of revenue in the first quarter of 2024, a $500,000 increase from the same time last year. In its May 8 financial report, the company reported continued growth in commercial IoT, and a new satellite proof-of-concept for a government services company. Globalstar noted that there was a nonrecurring revenue item in…
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BlackSky Reports $24.2M Revenue in Q1 2024
BlackSky reported $24.2 million in revenue in the first quarter of 2024, up 32% from the same time last year. The company released its Q1 financials on May 8. Imagery and software analytical services revenue is the largest portion of the company’s revenue — $17.8 million in the first quarter of 2024. This was an…
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Virgin Galactic Commences Operations at Delta Spaceship Ground-Based Testing Facility
Virgin Galactic Holdings, an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicles, announced that it has opened a new system integration facility in Southern California for the Company’s Delta Class spaceships. This ground-based test facility, which houses a testing platform known as an…
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Xona Space Systems Secures $19M in Funding for its Cutting-Edge Satellite Navigation Service
Xona a company developing a network of small satellites to provide high-precision navigation services announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. New investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round. This funding will be used to accelerate the deployment…
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Viavi Releases New Space Security Solution for PNT Services
Viavi Solutions has released a new solution as it looks to provide better security for positioning, navigation and timing (PNT) services used in critical infrastructure operations worldwide. It has launched the SecurePNT 6200 with SecureTime services which aim to build on Viavi’s PNT solutions with the addition of the Fugro AtomiChron timing service, enabling intelligent zero-trust multisource…
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Intelligence, Operating Entities Need to Shed ‘NOFORN’ Mindset, Space Operations Chief Says
KISSIMMEE, Fla. — U.S. history shows the country does not go to war alone and, amid war in Central Europe and coercive activities by China against its neighbors, America will not go to war in the future without allies, which mean the U.S. intelligence community and operators need to share information with allies and partners,…
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Rocket Lab Selects Subcontractors to Provide Payload and Ground Systems for SDA’s Satellites
Rocket Lab USA, a global leader in launch services and space systems, announced it has completed the selection of subcontractors to provide payloads and ground systems for the 18 satellites the Company is developing for SDA (Space Development Agency). Rocket Lab is the prime contractor for a $515 million USD firm-fixed price agreement to lead…
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EchoStar Continues to Shed Subscribers Amid Cash Crunch, Analyst Predicts Bankruptcy
EchoStar Corporation reported an 8.5% revenue decline in the first quarter of 2024 compared to the prior year, with subscriber declines in pay-TV, retail wireless, and satellite broadband. As the company reported financial results on May 8, amid a cash crunch to continue funding operations, one analyst predicted a bankruptcy is imminent. Last quarter, EchoStar…
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Sidus Space Joins Intuitive Machines-Led Moon RACER Team As Part of NASA’s LTVS Contract
Sidus Space, a multi-faceted Space and Data-as-a-Service satellite company announced that it is a teammate on the NASA Lunar Terrain Vehicle Services (LTVS) Contract which was awarded to the Intuitive Machines-led Moon Reusable Autonomous Crewed Exploration Rover (RACER) team ANNOUNCED earlier last month. This contract represents the first phase of developing a crewed rover for…
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