satellites

SpaceX founder Elon Musk announced on Saturday that its high-speed, satellite-based internet service Starlink has breached the "strategically important threshold" of 69,420 simultaneous active users. What Happened: The numbers "69" and "420," referring to a sexual...

AST SpaceMobile (NASDAQ: ASTS) made its Nasdaq debut on Wednesday. The company went public via special purpose aquisition company (SPAC) New Providence Acquisition Corp (NASDAQ: NPA) with an estimated post-transaction enterprise value of $1.4 billion. AST SpaceMobile uses satellites...

The Ark Space Exploration & Innovation ETF (NYSE: ARKX) launched last week and many of the holdings were surprises to investors looking for a pure play on space companies. What Happened: One of the most surprising names in the new Ark space ETF was Deere & Company (NYSE: DE). The farm...

While fundamentals remain strong across segments, ViaSat, Inc. (NASDAQ: VSAT) appears positioned for robust growth with the launch of the VS-3 constellation, according to Raymond James. The ViaSat Analyst: Ric Prentiss upgraded the rating for ViaSat from Outperform to Strong Buy, while maintaining...

The potential for growth in the space market has been drawing attention from investors. And the space sector could get more attention over the next couple weeks with the Ark Funds space ETF set to launch as early as this coming Monday. Here is a look at the space-related SPACs that could be added...

Rocket Lab is ready for takeoff. Not only is this rival to SpaceX going public via SPAC merger, but the company is also set for its 19th Electron mission to deploy its milestone 100th satellite. What Happened: The company is merging with Vector Acquisition Corp (NASDAQ: VACQ)...

BlackSky, a real-time geospatial intelligence, imagery and data analytics company, is going public via the SPAC Osprey Technology Acquisition Corp (NYSE: SFTW). The deal values BlackSky at an enterprise value of $1.1 billion. The expected proceeds of $450 million will fund BlackSky’s growth...

SpaceX is expanding the beta testing of its Starlink satellite network that will offer internet service from space. Strong performance from the company could lead to an IPO of the satellite division. What Happened: Starlink has widened the public beta testing for its satellite internet service,...

The two richest people in the world and prominent leaders of publicly traded companies — Amazon Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA) — are engaged in a public fight over the control of satellites. What Happened: SpaceX is working to convince the FCC that its Starlink...

Another space-related SPAC deal was announced Wednesday morning, with space mobility company AST & Science LLC announcing a merger. The SPAC Deal: AST announced it's merging with New Providence Acquisition Corp (NASDAQ: NPA). The deal is being done at a post-transaction enterprise valuation...

The United States Department of Defense's Space Development Agency (SDA), on Monday, awarded two contracts to build the first generation Tracking Layer for its National Security Space Launch (NSSL) program. What Happened: Elon Musk's Space Exploration Technologies Corp., better known...

Intelsat SA (NYSE: I) has filed for bankruptcy protection and obtained a commitment of $1 billion in debtor-in-possession financing to help it participate in an upcoming federal airwave auction in December. What Happened The satellite operator, which is saddled with a debt of $14.5...

Iridium Communications Inc (NASDAQ: IRDM) commenced its NEXT satellite services in early February and already has hundreds of subscribers on the new network. The company can grow revenue, EBITDA and FCF by adding new NEXT products and services, according to Raymond James. The Analyst Ric Prentiss...

  Luxembourg-based satellite operator SES believes the next generation of units, currently under construction for launch in 2021, will prove to be a disruptive technology in the satellite communications field, improving services, expanding the number of users and reducing overall costs for...