Defense stocks fall despite bump in DoD spending
Federal defense spending has jumped in the past month, but defense stocks don’t appear to be reaping the benefits. While ...
Tag: Goldman Sachs
Regional broadband demand sparks July investment
Terrestrial connectivity providers raised more than $1 billion in private funding in July to expand regional coverage, with Tillman Fiber ...
Elon Musk’s Starlink partners with Jumia to expand services in Africa
Billionaire Elon Musk’s Space Exploration Technologies Corp. will partner with e-commerce firm Jumia Technologies AG to expand its satellite broadband ...
U.S. shutdown’s $1.9B risk: no money for workers or SpaceX
A U.S. government shutdown would have a cascading economic effect, beginning mildly and deepening over time as millions of workers ...
SES Q1 revenue climbs 9.6% YoY
Satellite communications provider SES on Thursday reported first-quarter revenue of 490 million euros ($541 million), a 9.6% jump from Q1 ...
Raytheon’s aerospace business continues recovery
Defense contractor Raytheon Technologies today reported first-quarter 2023 sales of $17.2 billion, a 10% year-over-year increase from $15.7 billion in ...
Lockheed reports $15.1B in net sales for Q1 2023
Defense contractor Lockheed Martin today reported $15.1 billion in net sales for the first quarter of 2023, up only 0.67% ...
Globalstar tapped by Apple for satellite services
Satellite communications provider Globalstar (NYSE American: GSAT) announced today that Apple (NASDAQ:AAPL) is its long-rumored $327 million customer. Globalstar made ...
Ericsson, Qualcomm, Thales deliver 5G in space
Multinational networking and telecommunications company Ericsson (NASDAQ: ERIC) announced last week that it is partnering with aerospace company Thales Group ...
DigitalBridge buys data center firm Switch for $8.4B
A consortium led by DigitalBridge Group Inc. agreed to buy U.S. data-center operator Switch Inc. for about $8.4 billion. DigitalBridge ...
