NorthStar Earth & Space Reports Third Quarter 2026 Results
Business Wire•12/11/2026•16:06 ET
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Key Highlights
- ➤Q3 revenue $17.2 million versus $1.4 million in Q3 2025
- ➤Q3 operating income $10.4 million versus a $3.1 million operating loss
- ➤US$30 million PIPE closed October 1 alongside Viking business combination
- ➤2026 revenue guidance reiterated at $41 million (US$30 million)
- ➤3 CSD accounted for approximately 98% of quarterly revenue
Expert Statements
Stewart Bain, Founder and Chief Executive Officer of NorthStar
“With revenue growth of $15.8 million from Q3 2025, we continue to advance the expansion of the NorthStar Skylark Constellation. Our full engagement with the 3 Canadian Space Division (3 CSD) highlights the immediate demand for sovereign and responsive Space Domain Awareness services from commercial enterprise. Through this relationship and others, NorthStar is supporting NATO allies and beyond to ensure safe and secure operations in space. Our listing on NYSE American gives us the platform to raise awareness for our leading capabilities and accelerate the rollout of our advanced services.”
Beth Michelson, Chief Financial Officer of NorthStar and President, NorthStar U.S.
“Proceeds from the business combination, including our US$30 million PIPE, support the continued execution of the build-out of our constellation and our growth plans. Our focus now is disciplined execution, expanding our customers base and driving revenue growth.”
Operating income of $10.4 million, up $13.4 million from Q3 2025
* Completed business combination with Viking Acquisition Corp. I; which began trading on NYSE American as NorthStar Earth & Space Enterprises, Inc. under the symbols “NSTR” and “NSTR.WS,” respectively
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