Sateliot, a Spanish firm, is poised to deploy four new satellites into orbit, signaling the onset of its commercial endeavors.
Having secured committed orders from over 350 clients spanning across 50+ countries, the company targets €500 million in revenue by 2027, with aspirations to reach €1 billion by 2030. Bolstered by recent funding of €13.5 million and the impending Series B, Sateliot will fortify its technological advancements, satellite launches, and team augmentation to achieve full constellation deployment by 2027/2028.
Renowned for pioneering innovation, Sateliot’s satellites will deliver IoT services globally adhering to the 5G standard. The company is lauded for its pivotal role in propelling the Spanish New Space sector forward, leveraging cutting-edge technology and streamlined development processes to foster industry expansion.
Image credit: Sateliot