Latest news with #geospatialanalytics
Globe and Mail
6 days ago
- Business
- Globe and Mail
Rocket Lab Fast-Tracks Electron Launch for HawkEye 360
Rocket Lab USA Corporation RKLB recently announced a rapid turnaround in its Electron launch schedule to accommodate the next mission for HawkEye 360, a geospatial analytics company. Scheduled to lift off no earlier than Thursday, June 26th UTC from Launch Complex 1 in New Zealand, the mission—titled 'Get The Hawk Outta Here'—will fly ahead of a previously planned launch that was postponed for additional checks. This adjustment highlights Rocket Lab's ability to deliver peak operational efficiency and flexibility amid a demanding, back-to-back launch schedule, thereby strengthening its footprint in the space launch services industry. What's Favoring RKLB Stock? In the modern era of space exploration, factors like rapid technological advancements, the growing demand for satellite deployment, increasing commercial space activities and rising investments in space infrastructure are fueling the growth of the space launch services market. This must have prompted the Grand View Research firm to estimate that the global space launch services market will witness a compound annual growth rate of 15.6% during the 2024-2030 time period. Such robust market growth prospects are expected to benefit companies like Rocket Lab. With its advanced Electron rocket and expanding capabilities in small satellite launches, the company is well-positioned to leverage the booming demand for frequent and cost-effective launches. To capture further market shares, Rocket Lab is currently developing the Neutron rocket, designed for larger payloads and constellation deployments. This new product should further bolster RKLB's position in the market and fetch solid revenues. Opportunities for Other Space Stocks Other companies that are expected to enjoy the perks of the expanding global space launch services market have been discussed below. Northrop Grumman Corporation NOC: It provides launch vehicles and propulsion systems through its space systems division. The company's innovations in rocket technology and satellite deployment make it a significant beneficiary of the growing demand for space launch services. Northrop has a long-term (three to five years) earnings growth rate of 3.3%. The Zacks Consensus Estimate for NOC's 2025 sales indicates year-over-year growth of 2.8%. The Boeing Company BA and Lockheed Martin Corporation 's LMT joint venture, United Launch Alliance ('ULA'), has been the United States' premier launch services provider since its establishment in 2006. The JV has successfully launched more than 150 Atlas and Delta rockets since 2006. Boeing has a long-term earnings growth rate of 18.1%, while that for Lockheed is pegged at 10.5%. The Zacks Consensus Estimate for BA and LMT's 2025 sales indicates year-over-year growth of 25.6% and 4.7%, respectively. RKLB Stock's Price Movement Shares of RKLB have gained 603% in the past year compared with the industry 's 46.6% growth. RKLB's Zacks Rank RKLB currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Rocket Lab Corporation (RKLB): Free Stock Analysis Report
Yahoo
7 days ago
- Business
- Yahoo
LightBox Acquires UrbanFootprint, Expanding Market-Leading Location Intelligence with Climate, Infrastructure & Demographic Data
Bringing Next-Generation Modeling and Analytics to the LightBox Platform to Power Smarter Decisions Across the Commercial Real Estate Ecosystem IRVINE, Calif., June 24, 2025 /PRNewswire/ -- LightBox, the trusted platform powering location intelligence for the commercial real estate (CRE), lending, and infrastructure industries, today announced the acquisition of UrbanFootprint, a pioneer in geospatial analytics and scenario-based modeling for infrastructure investment, climate risk, and community resilience. This strategic acquisition expands LightBox's data portfolio with UrbanFootprint's nationally modeled layers including demographics, land use, environmental hazards, infrastructure, and social-equity indicators. This move also adds UrbanFootprint's experienced product, engineering, and customer-success teams, including founder and CEO Joe DiStefano. "Our customers are navigating increasingly complex, high-stakes decisions about where to invest, build, and mitigate risk," said Caroline Stoll, General Manager of Data & Analytics at LightBox. "By integrating UrbanFootprint's powerful data assets and scenario-modeling capabilities, decision-makers can see not only what's on a site today but how climate, demographic, and infrastructure forces may reshape it tomorrow." Over the coming months, LightBox will weave UrbanFootprint's models and data across its platform enhancing site intelligence, underwriting analytics, and property-level benchmarking for customers in real estate, finance, infrastructure, and government. "The acquisition of UrbanFootprint aligns with our long-term vision to build the most comprehensive, connected platform in commercial real estate," said Eric Frank, CEO of LightBox. "UrbanFootprint's technology deepens our ability to deliver forward-looking intelligence across real estate, infrastructure, and finance. As we expand the reach of LightBox Live and LightBox Live Data, we are uniquely positioned to provide insight at the speed of decision-making across markets, asset classes, and geographies." "LightBox's mission to connect commercial real estate through real-time intelligence reflects the vision we built at UrbanFootprint," said Joe DiStefano, CEO of UrbanFootprint. "I'm excited to help carry that vision forward as part of the LightBox platform." LightBox will continue to support UrbanFootprint's utility, finance, and government clients while introducing new opportunities across its expanding platform. About UrbanFootprint UrbanFootprint delivers location intelligence and scenario-modeling solutions for infrastructure investment, resilience planning, and equitable community development. About LightBox At LightBox, we are at the forefront of delivering advanced and precise solutions for commercial real estate intelligence. Our dedication to innovation propels real estate professionals forward by providing them with the essential tools required to navigate complex decisions, minimize risk, and boost productivity across the spectrum of real estate operations. LightBox is renowned for its commitment to promoting excellence and fostering connections in the industry, serving an extensive clientele of over 30,000 customers. Our diverse client base spans commercial and government sectors, including but not limited to brokers, developers, investors, lenders, insurers, technologists, environmental advisors, appraisers, and other businesses that depend on geospatial information. To discover more about how LightBox can illuminate the path to informed real estate solutions, visit us at: Media inquiries: media@ View original content to download multimedia: SOURCE LightBoxRE
Zawya
17-06-2025
- Business
- Zawya
Space42: A rising star at the intersection of space and AI
Space42 is an Abu Dhabi-based, ADX-listed space technology company that specialises in offering geospatial analytics and satellite communications powered by artificial intelligence (AI). With a global footprint and backing from major shareholders such as G42, Mubadala and International Holding Company (IHC), Space42 aims to deliver sustainable growth and long-term value for investors. The company was formed in 2024 with the merger of Bayanat AI and Al Yah Satellite Communications Company PJSC (Yahsat). The transaction, announced in 2023 and approved by shareholders in April 2024, was executed through a share swap, with Bayanat remaining as the legal entity, and Yahsat delisted from the exchange. The shareholders of Bayanat and Yahsat own 54% and 46% of the merged entity, respectively. Space42 comprises two business units: Yahsat Space Services and Bayanat Smart Solutions. The Yahsat Space Services unit focuses on upstream satellite operations for both fixed and mobility satellite solutions. The Bayanat Smart Solutions unit integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness and improve operational efficiency. The company operates across more than 150 countries, reaching over 80% of the world's population. Click here to download infographic The new merged entity has already had several early wins that have bolstered its future growth prospects. In December 2024, Space42 announced an AED18.7 billion (U.S.$5.1 billion) contract with the UAE government to provide secure governmental communications across the Middle East, Africa, Europe and Asia until 2043. The contract underpins Space42's strong financial profile, making up a significant majority of its AED26 billion (U.S.$7.1 billion) backlog of contracted revenues. In January 2025, the company launched its Thuraya 4 telecommunications satellite into a next-generation mobile telecommunications system, Thuraya 4 expands Space42's capabilities and advances the company's plans to launch more than 15 new products to cater to the rapid growth in use cases across various sectors, including defence, government and enterprise. Strategic growth drivers In March, Space42 signed a memorandum of understanding with Nasdaq-listed Viasat Inc., a global mobile satellite services (MSS) operator in L- and S-band spectrum, to explore ecosystem partnership options for developing a 5G Non-Terrestrial Network (NTN) initiative. The collaboration would enable both companies to address the growing opportunities in direct-to-device (D2D) satellite communications to smartphones, narrowband Internet of Things (NB-IoT), and existing and next-generation MSS services. The D2D market is set to reach U.S.$50 billion by 2032. Investment Space42 ended its first quarter with U.S.$895 million in cash and short-term deposits and contracted future revenues of nearly U.S.$7 billion. It also made progress on capturing the next wave of opportunity in spacetech, including government and defence solutions, smart mobility and autonomous systems, direct-to-device connectivity, and AI-powered geospatial and satellite communication services to emerging markets in Africa and Asia, offering solutions for agriculture monitoring and disaster management. Growth through organic and bolt-on acquisitions The company offers strong liquidity, low leverage, a cut-cost-and-grow-stronger approach, and predictable future cash flow underpinned by a financial framework focused on organic investments, bolt-on acquisitions and generating attractive returns. Space42 believes it is positioned to leverage capabilities across three sectors – satellite communications, AI analytics and geospatial services – to unlock value for customers, partners and shareholders and position itself as global leader. Its overarching position as a dual-use player brings further unique opportunities and ability to scale. The company also aims to tap the global high-altitude platform station (HAPS) market, offering the full suite of HAPS products and solutions. To boost its presence in the market, Mira Aersopace, a subsidiary of Space42, created the MENA region's first HAPS manufacturing centre in Abu Dhabi. The new facility will significantly enhance Mira Aerospace's production capabilities, drive advanced R&D, support the commercialisation of HAPS technology and lay the foundation for long-term, sustainable growth. ESG leadership Standard & Poor's (S&P) recognised Space42 as one of the Top 3 Sustainability Companies in the UAE. Yahsat, the predecessor of the Yahsat Space Services unit of Space42, achieved notable recognition as one of the top 10 most sustainable companies in the Middle East, securing the sixth and third positions in the region and UAE rankings respectively, as per the S&P Global ESG Scores. The company plans to enhance its sustainability governance by establishing an ESG Committee as part of a Sustainability Strategy and Roadmap update in 2025, and implement the sustainability agenda across Space42. Space and AI market outlook Space42 is positioning itself as a strategic enabler of the UAE's long-term ambitions, aligning its operations with the National Space Strategy 2030 and the AI Strategy 2031. The company stands to benefit from a rapidly expanding global space economy, projected to nearly triple to U.S.$1.8 trillion by 2035 from U.S.$630 billion in 2023. At the same time, the global AI market is expected to surge to U.S.$1.8 trillion by 2030, up from U.S.$279 billion in 2024. With capabilities spanning both sectors, Space42 sits at the intersection of two transformative growth trends. Looking ahead Space42 has major ambitions to be a leader in several growth areas, including geospatial intelligence and AI platform services, non-terrestrial connectivity (NTN) and secure connectivity. To find out more, visit the company's page on To invest, contact one of the ADX brokers now.
