Kevin Costelloe

Irvine

Technology Reporter at Orange County Business Journal

Bloomberg News Editor based in Rome. All views are my own

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Articles

Virgin Galactic Space Flight Tickets Increase to $600,000

1 week ago | ocbj.com | Kevin Costelloe

Virgin Galactic Holdings Inc., the space tourism company founded by billionaire entrepreneur Richard Branson, said it remains on track to resume space tourism flights in fall 2026 and is exploring the building of a spaceport in southern Italy to support growing demand. During a May 15 earnings call, CEO Michael Colglazier said ticket prices for its next-generation Delta Class flights could exceed $600,000 per seat, a significant jump from the $450,000 price tag offered to customers in 2023.
Viant Technology Says Google Suit May Provide Opportunity

2 weeks ago | ocbj.com | Kevin Costelloe

Google’s recent court loss may become Viant Technology’s gain. A U.S. district judge in Virginia ruled in April that Google illegally monopolized advertising tech markets. That’s good news for the future of the Irvine-based advertising software company, which has become a major player in online ads.
Terran Orbital, Turion in Running for Space Force Program

3 weeks ago | ocbj.com | Kevin Costelloe

Orange County-based aerospace firms Terran Orbital Corp. and Turion Space are among a dozen companies selected by the U.S. Space Force to compete for spacecraft contracts under a $237 million program.
Tariffs, Sale, Executive Raid Top OC Companies’ Week

3 weeks ago | ocbj.com | Kevin Costelloe

Some Orange County publicly traded companies warned about the negative effects of President Donald Trump’s tariffs while a long-time defense contractor shrugged them off, citing its manufacturing prowess in the U.S.That was only a sample of the news that Orange County’s publicly listed companies revealed last week as EV maker Rivian Automotive Inc. trimmed its annual delivery forecast, Chipotle Mexican Grill Inc. poached a top executive from rival Taco Bell and medical device maker Masimo Corp.
Britt Stepping Down as Synoptek CEO

1 month ago | ocbj.com | Kevin Costelloe

Will transition to executive chairman Synoptek, a systems integrator and managed services provider, said that Tim Britt will step down from his role as chief executive officer after 24 years of leadership. Salil Godika, previously CEO of Synoptek India, has been appointed as the new chief executive officer, effective immediately.
Skyworks Solutions Revenue Tops Estimates

1 month ago | ocbj.com | Kevin Costelloe

Irvine-based chipmaker Skyworks Solutions Inc. said second fiscal quarter revenue was $953 million, slightly above analysts’ estimates. The shares rose 2.8% to $68.76 apiece in after-hours trading. The company said that for the current quarter it anticipates revenue of $920 million to $960 million, with adjusted diluted earnings per share holding steady at $1.24. Skyworks also said today that Mark Dentinger has been appointed senior vice president and chief financial officer, effective on June 2.
Anduril Preferred by Palantir

1 month ago | ocbj.com | Kevin Costelloe

Anduril Industries said today that its Menace family of compute and communications systems is now the preferred hardware platform for all forward-deployed Palantir Edge Software. Anduril’s Menace-T will be used for on-premises and edge customer deployments, standardizing fielded infrastructure across programs.
Viant Technology Jumps on Earnings

1 month ago | ocbj.com | Kevin Costelloe

Digital ad company Viant Technology in Irvine said first-quarter revenue rose to $70.6 million, well above analysts’ estimates, sending the shares up 7.2% in after-hours trading. “With unique exposure to secular tailwinds and differentiated technology, we believe Viant is well positioned to outperform the broader advertising industry,” CEO Tim Vanderhook said in releasing results for the quarter ended March 31. The net loss for the period widened slightly to $3.3 million from $3,2 million.
OC Faces Slower Job Growth, More Unemployment

1 month ago | ocbj.com | Kevin Costelloe

The Orange County economy is headed for slower job growth and higher unemployment while the much-debated U.S. tariffs on imports are here to stay, according to economists at California State University, Fullerton. The researchers, Anil Puri and Mira Farka, ruled out a U.S. recession in the near future though they acknowledged the outlook is complicated.
Anduril Plans to Acquire Klas

1 month ago | ocbj.com | Kevin Costelloe

Costa Mesa-based Anduril Industries said today it had signed a definitive agreement to acquire Klas, an edge computing and tactical communications company with U.S. corporate headquarters in Washington, D.C.The acquisition, pending regulatory approval, brings Klas’ hardware into Anduril’s portfolio of autonomous systems and connected warfare capabilities.