Sateliot will launch four satellites from its 5G-IoT constellation on SpaceX's Transporter-11 mission. The launch is scheduled for July, and the satellites will take off aboard a Falcon 9 rocket from Vandenberg Air Force Base in California, USA.Sateliot has a plan to deploy more satellites by 2025 and with this objective is immersed in a round of talks with entrepreneurs and investors in the space sector at the national and international level to close its Series B of 30 million euros.
Since its founding in 2018, Sateliot has raised a total of €25 million, €6 million of which came from Banco Santander. Its business plan projects revenues of €500 million by 2027 and €1 billion by 2030, with EBITDA exceeding 60%.
CubeSats and Technology:
Each of the four CubeSat 6U satellites that Sateliot will launch in July represents an investment of half a million euros, measures 20 x 10 x 35 centimeters, roughly the size of a microwave oven, and has a net weight of 10 kilograms. They will orbit at an altitude of approximately 600 kilometers and are designed for a lifespan of more than five years.
Its technology, which will connect the more than eight million devices that have already subscribed to the service, is characterized by being democratic and accessible, open to multiple use cases for SMEs, public administrations and large companies.
According to Jaume Sanpera, CEO and co-founder of Sateliot, "with this launch the company enters a new dimension that will allow Spain to lead IoT connectivity globally."
