Sateliot plans to launch its second nanosatellite in October this year for end-to-end service demonstration
This ‘Growth Line’ complements a first ‘Entrepreneur Line’ that Enisa already granted in the early stages of the company in 2019
BARCELONA (Sateliot PR) — Enisa, the company under the Spanish Ministry of Industry, Trade and Tourism dedicated to the alternative financing of innovative business projects, has backed Sateliot, the company that will put into orbit the first commercial constellation of 5G-IoT nanosatellites, with a new loan of 640,000 euros for the launch of its second nanosatellite.
The public body thus revalidates its confidence in the project by contributing to financing the company’s growth, after it already granted it a first line of financing of €200,000 in its early stages in 2019.
Indra is expected to enter this Series A of Sateliot with an approximate 10.5% stake in the company and Cellnex with another 3.5%
Sateliot expects to reach a turnover of more than 1 billion euros and an EBITDA of 370 million euros by 2025
MADRID Sateliot, the company that will put into orbit the first commercial constellation of 5G-IoT nanosatellites that will act as a coverage extension for mobile operators, is finalizing the closing of a capital increase divided into two tranches for 10 million euros through which Indra and Cellnex are incorporated as new shareholders and industrial partners.
Euroconsult announced the winners of its Finspace award during the final days of its flagship World Satellite Business Week in Paris.
PARIS, WASHINGTON, MONTREAL, YOKOHOMA, SYDNEY, TOULOUS France, 16 December 2021 – Euroconsult, the leading consulting firm specialising in the space sector and satellite markets, announced the winners of the Finspace competition at the 2021 World Satellite Business Week (WSBW) held at the Westin Hotel in Paris. A staple of the WSBW since its inception in 2017, Finspace acknowledges the year’s most avant-garde and innovative start-ups in the space sector.
Companies taking part in the Finspace competition benefit from an exceptional networking opportunity with Euroconsult’s executive level network in attendance at the event, as well as peer-level exchange of best-practices and experience. Finspace assesses companies from a comprehensive spectrum within the value chains of Satellite manufacturing or subsystems, Access to space, Satellite operations, Space traffic management and awareness, Ground segment & end user terminals, Downstream services (Satcom, EO, Information, Navigation) and Software..
It will begin operating from San Diego before the end of the year with telecoms and IoT device experts from both companies
BARCELONA, Spain (Sateliot PR) — Sateliot, the satellite operator that will launch a constellation of nanosatellites to universalize the Internet of Things with 5G coverage, will enter the U.S. market before the end of this year thanks to EvoNexus – the accelerator sponsored by the microchip manufacturer Qualcomm and the operator Verizon.
After evaluating more than 414 companies from around the world, EvoNexus has recognized the technological and innovative potential in the fields of space and telecommunications of Sateliot and six other companies, which have been selected to develop 5G use cases together with strategic partners in their areas of expertise.
BARCELONA (Sateliot PR) — Sateliot – the satellite operator that will launch a constellation of nanosatellites to universalize the Internet of Things with 5G coverage – has obtained the provisional authorization from the Spanish Government, through the Ministry of Economic Affairs and Digital Transformation (Mineco), necessary to start its 5G-IoT services.
This authorization allows the different terrestrial terminals located in different points of the peninsular geography to connect to the signal offered by the satellite that Sateliot launched into space last March aboard the Soyuz rocket.
BARCELONA – Sateliot, the first satellite telecommunications operator that will provide global and continuous 5G connectivity to all the elements of the Internet of Things (IoT), will invest more than 100 million euros ($113 million) through 2022 to launch its first constellation of nanosatellites.