Sateliot to Launch Four New Satellites, Entering Commercial Phase

Spain-based satellite operator Sateliot has announced that it will launch four new satellites into space this year with SpaceX. With the deployment of these four satellites, along with the two already orbiting the Earth, Sateliot enters the first phase of its constellation, opening its commercial phase, Sateliot said on Friday. With this the company plans to connect nearly 7 million IoT (Internet of Things) devices.

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Also Read: Sateliot Successfully Launches 5G-IoT LEO Satellite

Billing Plan

Additionally, the company said it will begin billing the EUR 187 million of binding orders with over 350 customers in more than 50 countries worldwide. With these recurring revenues, the company aims to generate EUR 500 million in revenue by 2027 and become a one billion revenue company by 2030.

LEO satellite constellation

As reported by TelecomTalk, Sateliot launched its first 5G standard LEO satellite named Sateliot_0 “The GroundBreaker” in April 2023. At the time of launch, the company said The GroundBreaker is the first of a 250 LEO satellite constellation that will allow users to seamlessly switch from a terrestrial to a non-terrestrial 5G network.

Also Read: Sateliot Secures EUR 6 Million Funding From Banco Santander

Funding

The company secured EUR 13.5 million in funding over the past year, which includes EUR 6 million in funding from Banco Santander through its High-Growth Enterprise Program, EUR 5 million from a convertible note, and the remaining EUR 2.5 million from a participative loan from the public company Avancsa.