Iridium saw its fiscal first quarter 2024 (Q1 2024) revenue total decrease 1% year-over-year, largely due to lower equipment revenue. Iridium reported its Q1 2024 results on April 18, reporting total revenue of $203.9 million. This consisted of $148.6 million of service revenue and $55.3 million of revenue in equipment sales and engineering and support…

Orbex, the U.K. rocket company, received 16.7 million pounds ($20.8 million) in funding from a group of six significant investors in an update to its Series C funding round. Investors involved in the deal include 10.5 million pounds ($13 million) of follow-on investment from the Scottish National Investment Bank, venture capital firms Octopus Ventures, BGF,…

Earth imagery provider Satellogic has begun the process of relocating the company to the U.S., and recently received a $30 million strategic investment from cryptocurrency company Tether Investments Limited.  Satellogic gave a number of updates this week in its 2023 full year financial results. The company reported a 68% revenue increase compared to 2022, calling…

Finnish satellite company Iceye raised $93 million in growth funding, led by Finland’s sovereign wealth fund Solidium. Other investors include Move Capital Fund I, Blackwells Capital, Christo Georgiev, and existing investors. Iceye announced the round on Wednesday.  Iceye operates a constellation of satellites that collect synthetic aperture radar (SAR) data, which can monitor Earth at…