The launches will mark the beginning of the satco’s commercial operations; it has secured €200 million in contracts and plans “100% global coverage”
Sateliot will launch four satellites for its 5G-IoT constellation on SpaceX’s Transporter-11 mission in July. The satellites will fly aboard a Falcon 9 rocket from Vandenberg Air Force Base in California, US.
Sateliot says it is the first to deploy a low-Earth orbit (LEO) satellite constellation based on 5G standards for IoT and the intention of providing 100% global coverage. The company’s commercial operations will begin with these satellites.
It says it has already secured €200 million in recurring revenue contracts from over 400 clients in 50 countries worldwide.
Sateliot plans to deploy more satellites by 2025 and to this end is engaged in talks with national and international space industry players and investors to close its € 30 million Series B funding round.
Since its inception in 2018, Sateliot has raised €25 million, including €6 million from Banco Santander. Sateliot’s business plan projects revenues of €500 million in 2027 and €1 billion in 2030, with an EBITDA margin of over 60%.
CubeSats and Technology
Each of the four CubeSat 6U satellites that Sateliot will launch in July represents an investment €0.5 billion. They are roughly the size of a microwave, weigh 10Kg and will orbit at about 600km altitude for their five year lifespan.
They will provide connectivity to more than 8 million devices which are already subscribed to the service. Sateliot says its services are democratic and accessible, open to many use cases for SMEs, the public sector and large companies.
Jaume Sanpera, CEO and co-founder of Sateliot, comments, “With this launch, the company enters a new dimension that will allow Spain to lead IoT connectivity on a global scale.”
Picture courtesy of Sateliot, showing an earlier Starlink launch