#commercial-satellite-loss

#commercial-satellite-loss

Redwire focuses on space infrastructure and autonomous systems. The company completed its Edge Autonomy acquisition and reported 50.7% year-over-year revenue growth. Management maintained full-year guidance of $320 to $340 million, and the book-to-bill ratio of 1.25 suggests demand is holding. But the business is bleeding cash with a net loss of $41.2 million in Q3, nearly double the $21 million loss from the prior year. Gross margin sits at just 16.3%, leaving almost no room for error.

We are the only company capable of delivering 4G and 5G and in the future, 6G broadband speed sufficient for voice calls, voice over LTE, live video calls, streaming, and full Internet access directly to unmodified devices. Simply put, we are the first company in the history of commercial satellite manufacturing to produce satellites of our size and power at scale.

By the end of the year, Northwood, based in El Segundo, California, had shown the ability to build eight of these Portal arrays a month. And in January the company had deployed operational Portal antennas across two continents. These deployments, which comprise an area of 8 to 15 meters, have the equivalent capability of a 7-meter parabolic dish, said Griffin Cleverly, co-founder and chief technical officer of Northwood.

Aspiring Starlink competitor Logos Space Services has secured FCC clearance to launch more than 4,000 broadband satellites into low Earth orbit by 2035, as reported by . Under FCC regulations, the company must deploy half of the approved amount within the next seven years. The company is headed by its founder, Milo Medin, a former project manager at NASA as well as a former vice president of wireless services at Google.