Astrocast SA is a Swiss company operating a nanosatellite IoT network, providing end-to-end, direct-to-orbit services. They offer communication modules and enterprise-class services, enabling companies to monitor and communicate with remote assets globally. Astrocast's partners include Airbus, the European Space Agency (ESA), and Thuraya, and they focus on industries like maritime, agriculture, and environmental monitoring. Their services include satellite IoT, L-band spectrum, and CubeSat technology.
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Astrocast will collaborate with Thuraya to explore expanding service offerings across GEO and LEO satellite assets.
Astrocast will collaborate with Thuraya on creating new products and applications and leveraging the Thuraya distribution network to expand Astrocast’s customer ecosystem.
The Thuraya–Astrocast agreement includes plans to explore ways to expand service offerings across geostationary (GEO) and Low Earth Orbit (LEO) assets.
As part of the agreement, Thuraya and Astrocast will seek to extend a technical cooperation agreement for another four years that was originally entered in 2019.
Astrocast’s expansion plans included having 20 satellites in LEO by the end of 2022, 40 satellites in 2023, and a constellation of 100 satellites by 2025.
Astrocast recorded 287,000 Swiss Francs in revenues for the six months to the end of June 2022 after launching initial commercial services earlier in 2022.
W11 Capital Management bought treasury shares in Astrocast on 2023-03-17 worth about 411,000 Swiss Francs.
Thuraya and Astrocast agreed on terms for the convertible loan on 2023-04-03.
Thuraya is providing Swiss small satellite operator Astrocast a $17,500,000 convertible loan that could later be converted into shares in Astrocast.
Astrocast stated in May 2022 that it needed to raise 43 million Swiss Francs by the end of 2022 to keep its expansion plans on track.
Astrocast and Digitanimal have partnered to develop a Satellite IoT (SatIoT) solution for livestock tracking.
ION SCV007 and SCV008 will deploy four 5-kg CubeSats built by Astrocast that are equipped with onboard ADCS and propulsion for precise pointing and orbit maneuvering.
Spaceflight Inc. helped extend customer constellations including Kleos, Astrocast, and BlackSky in 2022.
Astrocast operates a smallsat IoT network that offers services to industries including agriculture and livestock, maritime, environment, and utilities.
Astrocast trades shares on Euronext Growth Oslo where it raised $42,000,000 by listing in August 2021.
Astrocast launched initial commercial services in February 2022.
Astrocast has used short-term debt from existing investors to fund current operations as of 2022-11-24.
Astrocast needed to raise 43 million Swiss Francs in 2022 to expand its fleet to 20 satellites before the end of 2022 and to 40 satellites in 2023.
D-Orbit struck a deal in August 2022 to use its orbital transfer vehicle to launch 20 Astrocast satellites over a three-year period.
D-Orbit is slated to deploy four satellites for Astrocast in late December 2022 on a Falcon 9 rideshare mission.