Space42, Viasat Finalize Equatys Formation Deal, Each To Contribute $400M Initially With $200M More From Space42 In Future Round
Benzinga·09/14/2026 05:30:23
语音播报
- Funding Commitment: Signing of binding agreement provides for up to USD1 billion in combined equity commitments from Space42 and Viasat as the initial co-founders of Equatys
- Program Progression: Simultaneous signing of agreement to step-up funding accelerates program development of the initial satellite constellation; Scalable constellation’s initial tranche to be awarded upon formation of Equatys with planned appointment of Viasat as prime technology contractor
- Strategic Differentiation: Equatys intended to offer a foundation for choice and interoperability and provide compelling economic benefits from geographic and spectral efficiencies to participating global, regional and national space operators using licensed Mobile Satellite Services (MSS) spectrum and/or Supplemental Coverage from Space (SCS) spectrum
- Attractive Business Model / Investment: Tower Company model intended to deliver compounding economic value to satellite service providers as the user base grows by reducing each participant’s share of satellite costs, improving spectrum efficiencies, and improving network performance and availability at scales otherwise beyond the reach of each individual operator; Compound growth model provides attractive return potential for additional strategic and financial partners as the system scales