Global Markets - Latest Developments


Mountain View, Calif., November 1, 2023 by Elisabeth Tweedie, Associate Editor

As would be expected a broad range of topics were discussed at the Satellite Innovation held from October 21-22 in Mountain View, California.  These included Direct-to-Device (D2D), low earth orbit constellations (LEOs), supply chains, orbital debris, in-space servicing and manufacturing (ISAM) and big data.  A couple of key topics that cropped up in several panels, and stood out for me, were D2D and ISAM.

Paris, France, October 26, 2023

Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the First Quarter ended 30 September 2023.

New York, NY., October 26, 2023

Total preliminary registered attendance reached 12,231 for the 

Johannesburg, October 25, 2023

The results are in and today, organisers of the annual Africa Tech Festival, taking place in Cape Town 14 – 16 November, announced the top ten finalists of the AfricaIgnite Pitch Competition who will battle it out to win the opportunity to represent the African continent in the Startup World Cup on 1 December this year.

Rockville, MD – October 24, 2023

The SATELLITE 2024 Conference and Exhibition has unveiled its conference program full of cutting-edge insights, inspiring speakers, and sessions covering diverse topics that reflect trends and challenges facing the satellite industry.

McLean, Va., October 19, 2023

Iridium Communications Inc. (Nasdaq: IRDM) (“Iridium”), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2023 and updated its full-year 2023 outlook. Net loss was $1.6 million, or $0.01 per diluted share, for the third quarter of 2023, as compared to net income of $2.1 million, or $0.02 per diluted share, for the third quarter of 2022.

Torrance, Calif. & Melville N.Y., October 12, 2023

Stellant Systems, Inc. (Stellant) and Comtech Telecommunications Corp. (NASDAQ: CMTL) (Comtech) today announced the companies entered into a definitive agreement under which Stellant will acquire Comtech’s Power Systems Technology (PST) product line for a total cash purchase price of $40 million, which includes a preliminary sales price of $35 million and contingent consideration up to $5 million based on the achievement of certain targets. The transaction was unanimously approved by the board of directors of both companies.

Melville N.Y., October 12, 2023

Comtech (NASDAQ: CMTL) today announced its fourth quarter fiscal 2023 financial results and provided its first quarter fiscal 2024 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.

Baku, Azerbaijan, October 2-6, 2023

The 74th International Astronautical Congress, organized by the IAF and hosted in the vibrant city of Baku by Azercosmos, the Space Agency of the Republic of Azerbaijan was a resounding success.

Johannesburg, September 28, 2023

Africa has abundant economic potential and the enormous uptake of digital technology socially and in the business sector, has positioned the continent for explosive growth, but there are challenges that lie in wait.  Many of these will be spotlighted at the 2023 Africa Tech Festival in Cape Town 13-16 November, along with innovative solutions all led by a line-up of headline speakers including several African government ministers.