Peter B. De Selding

TUPPER LAKE, NY — Airbus’s Space Systems division reported a 16% decline in revenue for the first six months of 2024 compared to a year ago in addition to booking a mainly non-cash charge of 989 million euros ($1.06 billion) for estimated cost overruns and schedule slips in satellite programs.

TUPPER LAKE, NY — Startup satellite component builder Dcubed of Germany raised 4.4 million euros ($4.8 million) in Series A funding to ramp production of satellite actuators, develop an in-space manufacturing capability and open a U.S. office in Westminster, Colorado.

TUPPER LAKE, NY — Satellite broadband hardware and serve provider Hughes Network Systems reduced its consumer subscriber losses by more than 50% in the six months ending June 30, a rare piece of good news for a business that has suffered from both the lack of sufficient high-throughput capacity and the onslaught of SpaceX’s Starlink low-orbit constellation.

LA PLATA, Maryland — Satellite fleet operator Telesat said development of its $3.5-billion Lightspeed constellation of broadband satellites is on schedule and will require Telesat to anticipate spending up to 1.4 billion Canadian dollars ($1.02 billion) this year in capex.

LA PLATA, Maryland — Startup satellite-IoT service provider Sateliot, which is using 3GPP 5G narrowband NTN protocols for its store-and-forward network, expects to begin commercial service this year but has scaled back future deployments in the face of a difficult financing environment.

LA PLATA, Maryland — Geospatial imagery and analytics provider BlackSky Technology Inc. reported a third consecutive quarter of positive adjusted EBITDA and a narrowed operating loss and said it’s on track to start launching its Gen 3 satellites late this year.

LA PLATA, Maryland — Mobile satellite services provider Globalstar Inc. eported a 10% increase in revenue for the three months ending June 30, with declining equipment sales more than offset by an 18% increase in service revenue that drove a 20% increase in adjusted EBITDA.

TUPPER LAKE, NY — Geospatial satellite imagery provider ImageSat International (ISI) of Israel, making good on a 2023 promise to shareholders, booked its second large contract in 2024, a three-year, $54.5-million with an unnamed “international defense customer.”

PARIS — Canada’s Federal and Quebec provisional governments cemented their financial commitments to Telesat’s Lightspeed constellation of broadband satellites with a package including 2.54 billion Canadian dollars ($1.87 billion) in loans and warrants for a combined 11.87% of Lightspeed equity at a valuation of $3 billion.

PARIS — The chief executive of Rivada Space Networks, the company whose payment delays to satellite builder