Banco Santander is a global financial services company that has recently increased its involvement in the space industry through strategic financing and partnerships. The bank provides financial backing to space companies like PLD Space and Sateliot, supporting the development of launcher technology and satellite constellations. Banco Santander acts as a co-lead bank in syndicated loans and demonstrates commitment to the growth, digitization, and innovation within the aerospace sector.
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Sateliot is backed by Indra, Cellnex, Sepides, Banco Santander, the Sociedad Española de Transformación Tecnológica, Hyperion, Global Portfolio Investments, and the European Investment Bank.
Banco Santander acted as financial advisor to PLD Space in the Series C transaction.
Since its inception in 2018, Sateliot has raised €25 million in funding, including €6 million from Banco Santander.
Of the €13.5 million recently raised by Sateliot, €6 million came from Banco Santander, €5 million came from a convertible note, and €2.5 million came from a participative loan from the public company Avançsa.
Sateliot recently raised €13.5 million, including €6 million from Banco Santander, €5 million from a convertible note, and €2.5 million from a participative loan from the public company Avançsa.
Sateliot received a participatory loan of €2.5 million from the public company Avança two weeks prior to the Banco Santander transaction.
Banco Santander provided the €6 million funding to Sateliot through its Growth program with support from Santander Corporate & Investment Banking.
The €6 million funding from Banco Santander combined with the €2.5 million participatory loan and the €5 million convertible note totals €13.5 million in less than a year for Sateliot.
Sateliot received €6 million in funding from Banco Santander.
Banco Santander provided €6 million in funding to Sateliot.
The €6 million funding from Banco Santander, the €2.5 million participatory loan from Avança, and the €5 million convertible note total €13.5 million in less than a year.
On 2024-01-10, Sateliot secured a 6,000,000 EUR loan from Banco Santander.
Approximately $425,000,000 (IDR 6.3 trillion), or 77.27% of SATRIA’s total investment, will be provided as a loan facility by a syndicate of international banks including HSBC, Banco Santander, and The Korean Development Bank (KDB).