On September 13, local time, according to reports, a statement showed that Space42, an artificial intelligence aerospace technology company, signed an agreement with the American satellite company to jointly establish the platform “Equatys.” The platform will integrate space and terrestrial infrastructure to support the expansion of mobile coverage and overlay networks in areas not covered by terrestrial networks. Space42 and Viasat will each commit an initial equity investment of $400 million, and Space42 is expected to invest an additional $200 million in future equity financing rounds open to third party investors.

On September 13, local time, according to reports, a statement showed that Space42, an artificial intelligence aerospace technology company, signed an agreement with the American satellite company to jointly establish the platform “Equatys.” The platform will integrate space and terrestrial infrastructure to support the expansion of mobile coverage and overlay networks in areas not covered by terrestrial networks. Space42 and Viasat will each commit an initial equity investment of $400 million, and Space42 is expected to invest an additional $200 million in future equity financing rounds open to third party investors.