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In December, SLI purchased two GEO satellites from AscendArc for more than $200 million.
Operators can access AscendArc's technology through leasing terms, enabling capital-efficient growth.
AscendArc's design and manufacturing approach improves the economics and throughput performance in GEO.
AscendArc delivers a cost per Mbps that aligns with operator demands.
SLI provides an option for all future AscendArc customers to lease their satellites.
The first 'Space Lessor' fleets may emerge by 2027 if SLI and AscendArc succeed.
The use of electric propulsion reduces the need for massive chemical fuel tanks in AscendArc's satellites.
Space Leasing International (SLI) signed a Heads of Agreement to purchase and lease back two Micro-GEO satellites from AscendArc.
Satellite operators can now lease an AscendArc satellite for a monthly fee instead of purchasing it outright.
The deal between SLI and AscendArc is valued in excess of $200 million.
AscendArc's Micro-GEO platform weighs less than 1,000 kg.
The $200 million commitment from SLI puts AscendArc in competition with Astranis in the Micro-GEO sector.
The SLI-AscendArc deal introduces an Airline Model to space leasing.
AscendArc utilizes highly efficient electric propulsion for orbit raising and station-keeping.
AscendArc's partnership with SLI emphasizes the lease aspect, allowing customers control of the payload without ownership burdens.
The deal between SLI and AscendArc is expected to close in the next three months and the satellites could fly as early as late 2028.
AscendArc's technology delivers a cost per Mbps that aligns well with operators' requests for improved economics and throughput performance in GEO.
AscendArc builds significantly smaller satellites than alternatives, which can often weigh multiple tons.
Space Leasing International (SLI) signed an initial agreement with AscendArc to purchase two small GEO satellites with a combined value of over $200 million.
AscendArc's design and manufacturing approach improves economics and throughput performance in GEO, delivering a competitive cost per Mbps.