Finance
May 16, 2024
AT&T formalized its work with AST SpaceMobile with a new commercial agreement announced Wednesday. Under the agreement, AST SpaceMobile will provide space-based cellular broadband to AT&T's customers through a revenue share model through 2030. AST SpaceMobile stock price was up 68% on Thursday after the announcement. The company also released its first quarter 2024 results…
May 16, 2024
Revenue at Spire Global fell below expectations in the first quarter of 2024, impacted by increased solar activity, U.S. government order delays, and a propulsion unit performance. Spire reported Q1 results on May 15, lowering its 2024 guidance while affirming the company is on track to reach positive free cash flow this summer. The company…
May 15, 2024
Eutelsat Group’s operating vertical revenue in the third quarter increased 8.5% year-over-year, fueled by double-digit growth in fixed and mobile connectivity and government services. Eutelsat issued its third quarter 2023-24 results on May 14. Eutelsat achieved overall revenues of 300 million euros ($326 million) in the third quarter that ended March 31, an increase of…
May 14, 2024
Lockheed Martin awarded Terran Orbital another subcontract for its work for the Space Development Agency (SDA). Lockheed Martin awarded Terran Orbital a subcontract to produce 18 satellite buses for its Tranche 2 (T2) Tracking Layer contract, the company announced on May 13 ahead of its first quarter results. Terran Orbital previously built 10 buses for…