Global satellite operator Eutelsat of Paris is buying additional small satellites for a planned Internet of Things network, having decided to expand the envisioned low Earth orbit system before it has launched the first demonstration satellite.
Fleet Space Technologies will begin raising money next week from investors in a Series A financing round after service launch immediately filled its four cubesats with customers.
The new Series A funds will go toward deploying the company’s full constellation over the next 18 months, as well as adding new hires and boosting technology development.
FIRST UP Satcom | LeoSat optimistic on regulatory progress • Russia plans IoT constellation • SSTL starts lunar comms mission
LeoSat CEO Mark Rigolle said the FCC's approval “will help us getting landing rights in other countries."
Canadian satellite startup Kepler Communications raised $16 million from investors, securing funding to build and launch its first-generation constellation of up to 15 satellites, the company announced today.
French maritime-tracking company CLS is starting a 120 million euro ($139 million) effort to build, launch and operate a constellation of 20 small satellites for connecting Internet of Things devices at sea and elsewhere.
Iridium Communications had what Chief Financial Officer Thomas Fitzpatrick called its “best quarterly revenue growth in company history,” logging $135 million for April, May and June, an increase of 21 percent over the same time last year.
Kepler Communications, a Canadian startup designing a network of 140 telecom cubesats, has teamed up with the Satellite Applications Catapult in the U.K. to build a third and final prototype before pressing on with the full constellation.
Iridium Communications, in the first of what the company signaled could be many similar partnerships with new smallsat operators, has announced a collaborative agreement with a startup to expand its offerings in the emerging Internet of Things (IoT) market.
Helios Wire will use the money to pay for satellites to help customers track and communicate with billions of devices worldwide.