Spain-based satellite tv for pc firm Sateliot has efficiently launched 4 new satellites as a part of its 5G NB-IoT NTN constellation, advancing the corporate’s purpose of offering world IoT connectivity. The launch, which was a part of the SpaceX Transporter-11 mission, happened on August 16, 2024, from Vandenberg Air Power Base in California, Sateliot mentioned in a press release on Friday.
Additionally Learn: Sateliot Confirms Launch of 4 5G-IoT Satellites With SpaceX
Sateliot Satellite tv for pc Launches
This growth marks a major step in Sateliot’s mission to supply world IoT connectivity, extending cellular telecom operators’ protection to one hundred pc of the planet. A particular occasion in Barcelona, attended by key stakeholders and supported by ESA, GSMA, and the Spanish authorities, celebrated this achievement, Sateliot mentioned.
“This launch propels us into a brand new section of growth,” mentioned Jaume Sanpera, CEO and co-founder of Sateliot. “Not solely will we start producing income, however we will even place Spain as a worldwide chief in IoT connectivity.”
Increasing the Constellation and Funding
Sateliot plans to deploy further satellites by 2025 and develop its constellation to over 100 satellites by 2028. The corporate can also be engaged in a Collection B funding spherical of 30 million euros.
Additionally Learn: Sateliot Secures EUR 6 Million Funding From Banco Santander
The corporate goals to attach over eight million units throughout numerous sectors, together with agriculture, logistics, and important infrastructure, with a purpose of reaching 1 billion euros in income by 2030.
