Our Telesat (TSAT): Q2 2024 Earnings Review & Financial Analysis is posted. Here are some key highlights: • Q2 AEBITDA is down 26%. Similar to Q1, revenues declined 15%, and AEBITDA dropped 26% due primarily to the Nimiq 4 renewal in 4Q23. Results beat the consensus forecast by 5% and 15%, respectively. • Broadcast 2H step down. We expect Telesat to incur a ~$40M run-rate loss in its Broadcast business when EchoStar renews on Nimiq 5 in October. No similar-sized renewals are pending in 2025. • Lightspeed kick-off. Q2 capex increased ~10x sequentially to $200M, signaling the start of the Lightspeed construction effort. Telesat’s full-year capex forecast of $1.0-1.4B, suggests quarterly capex of $460M to $560M in the 2H. Lightspeed opex remains on track at $80-90M following 1H opex of $33M. Log in to the QBI to view the full report ⤵ https://lnkd.in/eNeSYCMK Join Quilty SpaceTake to stay up to date on latest publications ⤵ https://lnkd.in/e_rmfzd7
Quilty Space
Research Services
St Petersburg, Florida 2,016 followers
Quilty Space is a global leader in space sector business intelligence designed to help fuel the space economy.
About us
Quilty Space is a global leader in space sector business intelligence. Catering exclusively to the satellite & space industry, Quilty Space provides the deep research, data, analytical tools, and financial insights needed to help space companies, investment firms, government agencies, and other key stakeholders fuel the burgeoning space economy. With decades of experience, in-depth knowledge of the Satellite & Space ecosystem, and a well-established industry network, Quilty Space offers clients a unique combination of financial, technical, and strategic insight to make informed business, investment, and policy decisions. Add your email to receive a free copy of our twice-monthly newsletter, the Quilty SpaceTake: https://mailchi.mp/quiltyspace.com/joinlink For a free demo of our web-based Quilty Business Intelligence platform, please email: [email protected].
- Website
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www.quiltyspace.com
External link for Quilty Space
- Industry
- Research Services
- Company size
- 11-50 employees
- Headquarters
- St Petersburg, Florida
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Investment Banking, Equity Research, Consulting, Valuation, Strategy, Space, Defense, Telecommunications, Research, #spaceeconomy, #investment banking, and Satellite
Locations
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Primary
33 6th St S
Suite 204
St Petersburg, Florida 33701, US
Employees at Quilty Space
Updates
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Quilty Space reposted this
The Quilty SpaceTake! Our bi-monthly newsletter is going out today, and it's the best way to stay up-to-date with everything the Quilty Space team is publishing. As a special preview, we're sharing a sneak peek of one of the key charts that we're featuring in the latest edition that is going out today. Sign up to see the insights behind this chart. Don't miss out—subscribe now to receive valuable insights straight to your inbox before today's newsletter goes out! ➡ https://lnkd.in/e_rmfzd7
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Quilty Space reposted this
New milestone on the OneWeb book -- 175 sources interviewed! This number is shocking, even to me, so I tried to put it in perspective relative to other books. I can confidently say the space industry has not had a book like this before. Thanks to everyone who has helped me tell this story. https://lnkd.in/ecNVR7Hy
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Quilty Space reposted this
🎙 🚨 The nature of the global space ecosystem is marked by diversity of activity, new players, enduring lunar interest, and national security risks as we engage an ever contested environment. Join Mariel Borowitz, Justin Cadman, Brendan Rosseau, and me for the latest Q2 2024 Space Investment Analysis discussion. We explore the latest issue of Space Foundation's Space Report and share insights to help businesses navigate and thrive in this dynamic domain. #thespacereport #spacecommerceinstitute #spaceeconomy #spacecommerce Quilty Space Blue Origin Georgia Institute of Technology Office of Space Commerce https://lnkd.in/exMtNC6r
Space Investment Analysis Q2 2024
https://www.thespacereport.org
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The Quilty SpaceTake! Our bi-monthly newsletter is going out today, and it's the best way to stay up-to-date with everything the Quilty Space team is publishing. As a special preview, we're sharing a sneak peek of one of the key charts that we're featuring in the latest edition that is going out today. Sign up to see the insights behind this chart. Don't miss out—subscribe now to receive valuable insights straight to your inbox before today's newsletter goes out! ➡ https://lnkd.in/e_rmfzd7
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The word is out. Click here to see the panel recording from last Wednesday at #ISSRDC ⏩ https://lnkd.in/eHKKw4um
Almost two weeks away from #ISSRDC! Space Investment's 'Path Forward' takes center stage Day 2 of the International Space Station Research & Development Conference. Join industry experts as we dive into the growth outlook for the space industry and the key drivers of investment. We will also explore the expanding LEO economy, the ISS's pivotal role in space-based research, and future opportunities for capital access. 📆 When: Wednesday July, 31 ⏰ Time: 4:00pm-5:00pm ET 🌁 Where: Boston, MA Moderated by Chris Quilty of Quilty Space, this panel discussion features an impressive lineup of industry leaders: - Lewis Alun Jones, Vice President, Generation Space - Jonathan Lusczakoski, Vice President, AE Industrial Partners - Josephine Millward, Partner, OpAmp Capital - Elizabeth Reynolds, Managing Director, USA, Starburst Aerospace - Mislav Tolusic, Co-Managing Partner, CIO, Marlinspike Partners Register here: https://lnkd.in/esffdsue.
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The #Megaconstellation Monthly news roundup for July features the Quilty QuickTake on the latest industry happenings along with source links (including FCC filings!) in case you need more than the TLDR. A few highlights from this last month: - Out-of-Band Battle Lines Drawn: The ongoing debate over satellite “spillover” emissions with Supplemental Coverage from Space (SCS) is heating up. We break down where we think the FCC is headed. - MDA Space Supply Chain Soars: The Telesat Lightspeed prime is fortifying its AURORA digital, software-defined satellite supply chain at a rapid clip. We cover the 10 latest collabs you might have missed. - Starlink: A Global Glimpse: From creative workarounds by South African resellers to advocacy in the Falkland Islands, we’ve got the latest market scoop on Starlink’s outsized global impact. - PWSAnnouncements: Keeping up with the Space Development Agency’s “Semper Citius” megaconstellation movements isn’t easy, but we like caffeine. - The Unraveling of Iris2: Some industry players seem to be getting Iris-scared, as the EU’s signature megaconstellation faces delays, cost overruns, UK elections, and a likely reimagining of the program. Visit the Quilty Business Intelligence platform to download your Mega: https://lnkd.in/eWnD6XiQ Drop your email to stay updated on all the latest Quilty publications with our 🆓 twice-monthly newsletter, the Quilty SpaceTake: https://lnkd.in/e_rmfzd7
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Quilty Space reposted this
Congrats on the Bear Force One spot, Daniel Jablonsky🐻
Ursa Major Appoints Dan Jablonsky as CEO
ursamajor.com
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Quilty Space reposted this
It's a wrap for Day 2 at #ISSRDC 2024! What an inspiring day full of innovative panels, fireside chats and lightning talks from leaders in the space community! Join us tomorrow beginning at 8:30am EDT for the final day of our 13th annual conference. From our international partners sharing the importance of joint research to the always exciting Genes in Space award to a luncheon keynote with a veteran astronaut, it's going to be another not-to-be-missed day! Livestreaming for selected sessions will be available at: https://ow.ly/BCWH50SOEhC..
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Excited for next week as Chris Quilty gets ready to head to Boston! Feel free to reach out if you'd like to connect while we are in town. Don't miss our session on Day 2 at 4pm: Space Investment's 'Path Forward' takes center stage of the International Space Station Research & Development Conference. #ISSRDC
The countdown continues! 📆 We're finalizing a jam-packed agenda for #ISSRDC 2024! Register now to join us in Boston! #Innovation #researchconference All the info you need is here: https://lnkd.in/fa_Ug8a