Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.
EOS Defense Systems USA, a subsidiary of Electro Optic Systems Holdings Ltd. of Australia, plans to establish a space-based communications relay network with Audacy’s spectrum license.
The Apollo program and 1969 moon landing inspired many of the entrepreneurs working to send people and robotic vehicles back to the moon or to pave the way for further space exploration and commerce.
Audacy, a space communications startup, announced a memorandum of understanding March 11 with Iceye, a Finnish radar satellite startup, to explore how Audacy’s planned inter-satellite data relay network can support Iceye’s planned constellation.
Audacy, a Silicon Valley startup developing a satellite data-relay constellation, is forming a network of companies to build compatible components, resell communications capacity and refer customers.
The U.S. Federal Communications Commission granted a spectrum license June 7 to Audacy, the Silicon Valley startup planning to establish a space-based commercial communications relay network.